Market Value Added (MVA)
Market value added (MVA) is the difference between a firm fair value and its invested capital. MVA is a measure of the value a company has created in excess of the resources already committed to the enterprise.
MVA
Analog Devices Inc., MVA calculation
US$ in thousands
Based on: 10-K (reporting date: 2023-10-28), 10-K (reporting date: 2022-10-29), 10-K (reporting date: 2021-10-30), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-11-02), 10-K (reporting date: 2018-11-03).
1 Fair value of debt. See details »
2 Invested capital. See details »
| Item | Description | The company |
|---|---|---|
| MVA | Analog Devices Inc. market (fair) value less invested capital. | Analog Devices Inc. MVA decreased from 2021 to 2022 but then increased from 2022 to 2023 not reaching 2021 level. |
MVA Spread Ratio
Analog Devices Inc., MVA spread ratio calculation, comparison to benchmarks
| Oct 28, 2023 | Oct 29, 2022 | Oct 30, 2021 | Oct 31, 2020 | Nov 2, 2019 | Nov 3, 2018 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Market value added (MVA)1 | 52,034,786) | 46,624,300) | 55,452,099) | 38,404,955) | 30,125,253) | 21,086,463) | |
| Invested capital2 | 44,182,132) | 45,019,927) | 47,018,398) | 18,211,243) | 18,347,668) | 18,624,001) | |
| Performance Ratio | |||||||
| MVA spread ratio3 | 117.77% | 103.56% | 117.94% | 210.89% | 164.19% | 113.22% | |
| Benchmarks | |||||||
| MVA Spread Ratio, Competitors4 | |||||||
| Advanced Micro Devices Inc. | 370.13% | 119.87% | 2,219.60% | 2,281.37% | 1,656.68% | — | |
| Applied Materials Inc. | 671.06% | 515.59% | 815.05% | 555.54% | 482.20% | 251.42% | |
| Broadcom Inc. | 780.16% | 327.91% | 373.50% | 237.77% | 168.52% | 161.96% | |
| First Solar Inc. | 100.45% | 235.63% | 37.44% | 62.42% | 0.68% | — | |
| Intel Corp. | 136.50% | 56.17% | 138.47% | 204.49% | 286.44% | — | |
| KLA Corp. | 749.44% | 664.92% | 735.85% | 430.36% | 274.54% | — | |
| Lam Research Corp. | 511.21% | 404.85% | 617.13% | 423.68% | 264.92% | — | |
| Micron Technology Inc. | 65.44% | 17.24% | 80.72% | 54.74% | 45.95% | — | |
| NVIDIA Corp. | 2,593.21% | 3,533.65% | 2,455.53% | 1,247.78% | 1,774.44% | — | |
| Qualcomm Inc. | 331.81% | 372.61% | 739.14% | 815.45% | 438.33% | — | |
| Texas Instruments Inc. | 565.70% | 853.39% | 887.48% | 1,141.98% | 946.70% | — | |
Based on: 10-K (reporting date: 2023-10-28), 10-K (reporting date: 2022-10-29), 10-K (reporting date: 2021-10-30), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-11-02), 10-K (reporting date: 2018-11-03).
1 MVA. See details »
2 Invested capital. See details »
3 2023 Calculation
MVA spread ratio = 100 × MVA ÷ Invested capital
= 100 × 52,034,786 ÷ 44,182,132 = 117.77%
4 Click competitor name to see calculations.
| Performance ratio | Description | The company |
|---|---|---|
| MVA spread ratio | The ratio of MVA to invested capital. It measures the efficiency with which investors’ capital investment has translated into a franchise value and into an aggregate net present value premium. | Analog Devices Inc. MVA spread ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
MVA Margin
Analog Devices Inc., MVA margin calculation, comparison to benchmarks
| Oct 28, 2023 | Oct 29, 2022 | Oct 30, 2021 | Oct 31, 2020 | Nov 2, 2019 | Nov 3, 2018 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Market value added (MVA)1 | 52,034,786) | 46,624,300) | 55,452,099) | 38,404,955) | 30,125,253) | 21,086,463) | |
| Revenue | 12,305,539) | 12,013,953) | 7,318,286) | 5,603,056) | 5,991,065) | 6,200,942) | |
| Performance Ratio | |||||||
| MVA margin2 | 422.86% | 388.08% | 757.72% | 685.43% | 502.84% | 340.05% | |
| Benchmarks | |||||||
| MVA Margin, Competitors3 | |||||||
| Advanced Micro Devices Inc. | 944.62% | 297.25% | 836.71% | 1,019.76% | 838.80% | — | |
| Applied Materials Inc. | 449.88% | 297.74% | 520.10% | 422.74% | 334.35% | 148.45% | |
| Broadcom Inc. | 1,364.99% | 613.41% | 879.64% | 656.13% | 447.69% | 346.62% | |
| First Solar Inc. | 191.35% | 337.43% | 71.34% | 125.10% | 1.01% | — | |
| Intel Corp. | 231.83% | 78.99% | 155.07% | 215.26% | 320.84% | — | |
| KLA Corp. | 595.30% | 562.17% | 725.25% | 482.13% | 383.29% | — | |
| Lam Research Corp. | 448.84% | 298.83% | 497.72% | 492.95% | 285.07% | — | |
| Micron Technology Inc. | 225.16% | 29.56% | 135.02% | 108.00% | 76.12% | — | |
| NVIDIA Corp. | 2,051.63% | 2,368.66% | 1,919.74% | 1,616.28% | 724.42% | — | |
| Qualcomm Inc. | 291.70% | 248.18% | 445.16% | 615.38% | 387.14% | — | |
| Texas Instruments Inc. | 729.45% | 748.35% | 793.86% | 1,023.69% | 793.53% | — | |
Based on: 10-K (reporting date: 2023-10-28), 10-K (reporting date: 2022-10-29), 10-K (reporting date: 2021-10-30), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-11-02), 10-K (reporting date: 2018-11-03).
1 MVA. See details »
2 2023 Calculation
MVA margin = 100 × MVA ÷ Revenue
= 100 × 52,034,786 ÷ 12,305,539 = 422.86%
3 Click competitor name to see calculations.
| Performance ratio | Description | The company |
|---|---|---|
| MVA margin | The ratio of MVA to sales. It measures how efficiently and prodigiously sales translate into franchise value. | Analog Devices Inc. MVA margin ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |