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
Autodesk Inc., MVA calculation
US$ in thousands
Based on: 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31), 10-K (reporting date: 2016-01-31).
1 Fair value of debt. See details »
2 Invested capital. See details »
| Item | Description | The company |
|---|---|---|
| MVA | Autodesk Inc. market (fair) value less invested capital. | Autodesk Inc. MVA decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level. |
MVA Spread Ratio
Autodesk Inc., MVA spread ratio calculation, comparison to benchmarks
| Jan 31, 2021 | Jan 31, 2020 | Jan 31, 2019 | Jan 31, 2018 | Jan 31, 2017 | Jan 31, 2016 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Market value added (MVA)1 | 53,897,485) | 29,810,782) | 31,416,003) | 26,840,964) | 15,770,233) | 9,541,215) | |
| Invested capital2 | 5,723,300) | 5,534,900) | 4,411,650) | 3,237,189) | 3,430,162) | 3,614,318) | |
| Performance Ratio | |||||||
| MVA spread ratio3 | 941.72% | 538.60% | 712.11% | 829.14% | 459.75% | 263.98% | |
| Benchmarks | |||||||
| MVA Spread Ratio, Competitors4 | |||||||
| Accenture PLC | 739.74% | 550.21% | 505.40% | 481.52% | — | — | |
| Adobe Inc. | 1,033.13% | 1,082.99% | 884.94% | 680.30% | — | — | |
| International Business Machines Corp. | 54.96% | 39.12% | 47.78% | — | — | — | |
| Intuit Inc. | 1,175.12% | 976.09% | 1,553.30% | 1,330.67% | — | — | |
| Microsoft Corp. | 1,383.21% | 1,315.93% | 962.41% | 863.13% | — | — | |
| Oracle Corp. | 260.27% | 180.84% | 220.64% | 167.48% | — | — | |
| Palo Alto Networks Inc. | 573.47% | 267.90% | 424.76% | 461.39% | — | — | |
| Salesforce Inc. | 270.75% | 226.93% | 326.41% | — | — | — | |
| ServiceNow Inc. | 1,798.18% | 2,575.52% | 2,192.76% | — | — | — | |
| Synopsys Inc. | 707.79% | 468.10% | 272.11% | 150.54% | — | — | |
Based on: 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31), 10-K (reporting date: 2016-01-31).
1 MVA. See details »
2 Invested capital. See details »
3 2021 Calculation
MVA spread ratio = 100 × MVA ÷ Invested capital
= 100 × 53,897,485 ÷ 5,723,300 = 941.72%
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. | Autodesk Inc. MVA spread ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
MVA Margin
Autodesk Inc., MVA margin calculation, comparison to benchmarks
| Jan 31, 2021 | Jan 31, 2020 | Jan 31, 2019 | Jan 31, 2018 | Jan 31, 2017 | Jan 31, 2016 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Market value added (MVA)1 | 53,897,485) | 29,810,782) | 31,416,003) | 26,840,964) | 15,770,233) | 9,541,215) | |
| Net revenue | 3,790,400) | 3,274,300) | 2,569,800) | 2,056,600) | 2,031,000) | 2,504,100) | |
| Add: Increase (decrease) in deferred revenue | 353,100) | 915,700) | 136,300) | 167,100) | 268,800) | 362,100) | |
| Adjusted net revenue | 4,143,500) | 4,190,000) | 2,706,100) | 2,223,700) | 2,299,800) | 2,866,200) | |
| Performance Ratio | |||||||
| MVA margin2 | 1,300.77% | 711.47% | 1,160.93% | 1,207.04% | 685.72% | 332.89% | |
| Benchmarks | |||||||
| MVA Margin, Competitors3 | |||||||
| Accenture PLC | 379.26% | 279.96% | 233.58% | 202.17% | — | — | |
| Adobe Inc. | 1,287.44% | 1,554.19% | 1,330.31% | 1,114.60% | — | — | |
| International Business Machines Corp. | 104.85% | 68.01% | 81.54% | — | — | — | |
| Intuit Inc. | 1,489.94% | 1,098.60% | 1,034.92% | 884.25% | — | — | |
| Microsoft Corp. | 1,148.11% | 976.86% | 711.95% | 612.04% | — | — | |
| Oracle Corp. | 514.72% | 411.93% | 401.82% | 302.52% | — | — | |
| Palo Alto Networks Inc. | 771.68% | 434.92% | 469.62% | 683.93% | — | — | |
| Salesforce Inc. | 620.94% | 558.53% | 642.57% | — | — | — | |
| ServiceNow Inc. | 1,555.49% | 2,101.04% | 1,606.91% | — | — | — | |
| Synopsys Inc. | 1,126.17% | 803.94% | 470.26% | 256.95% | — | — | |
Based on: 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31), 10-K (reporting date: 2016-01-31).
1 MVA. See details »
2 2021 Calculation
MVA margin = 100 × MVA ÷ Adjusted net revenue
= 100 × 53,897,485 ÷ 4,143,500 = 1,300.77%
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. | Autodesk Inc. MVA margin ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |