Stock Analysis on Net

CrowdStrike Holdings Inc. (NASDAQ:CRWD)

Market Value Added (MVA)

Microsoft Excel

MVA

CrowdStrike Holdings Inc., MVA calculation

US$ in thousands

Microsoft Excel
Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020
Fair value of senior Notes1 671,200 645,400 708,700 760,200
Operating lease liability 50,380 42,613 35,199 40,963 50,686
Market value of common equity 79,739,259 28,699,930 43,767,432 42,583,498 10,969,810
Preferred stock, $0.0005 par value; no shares issued and outstanding
Non-controlling interest 33,139 23,793 11,879 1,300 500
Less: Short-term investments 99,591 250,000 647,266
Market (fair) value of CrowdStrike 80,394,387 29,161,736 44,523,210 43,385,961 10,373,730
Less: Invested capital2 5,890,276 4,116,318 3,240,763 2,524,874 669,497
MVA 74,504,111 25,045,418 41,282,447 40,861,087 9,704,233

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31).

1 Fair value of debt. See details »

2 Invested capital. See details »

Item Description The company
MVA CrowdStrike Holdings Inc. market (fair) value less invested capital. CrowdStrike Holdings Inc. MVA decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.

MVA Spread Ratio

CrowdStrike Holdings Inc., MVA spread ratio calculation, comparison to benchmarks

Microsoft Excel
Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020
Selected Financial Data (US$ in thousands)
Market value added (MVA)1 74,504,111 25,045,418 41,282,447 40,861,087 9,704,233
Invested capital2 5,890,276 4,116,318 3,240,763 2,524,874 669,497
Performance Ratio
MVA spread ratio3 1,264.87% 608.44% 1,273.85% 1,618.34% 1,449.48%
Benchmarks
MVA Spread Ratio, Competitors4
Accenture PLC 524.20% 487.90% 442.58% 739.74% 550.21%
Adobe Inc. 991.60% 658.07% 1,033.13% 1,082.99%
Autodesk Inc. 566.79% 510.53% 541.13% 941.72% 538.60%
Cadence Design Systems Inc. 1,934.83% 1,302.22% 1,110.87% 1,232.57%
International Business Machines Corp. 100.64% 60.20% 54.96% 39.12%
Intuit Inc. 624.57% 573.60% 406.80% 1,175.12% 976.09%
Microsoft Corp. 803.69% 892.49% 956.02% 1,383.21% 1,315.93%
Oracle Corp. 370.24% 324.04% 224.95% 260.27% 180.84%
Palo Alto Networks Inc. 894.07% 731.80% 559.27% 573.47% 267.90%
Salesforce Inc. 256.35% 126.24% 150.31% 270.75% 226.93%
ServiceNow Inc. 1,781.94% 1,276.80% 1,798.18% 2,575.52%
Synopsys Inc. 973.25% 565.55% 707.79% 468.10%

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31).

1 MVA. See details »

2 Invested capital. See details »

3 2024 Calculation
MVA spread ratio = 100 × MVA ÷ Invested capital
= 100 × 74,504,111 ÷ 5,890,276 = 1,264.87%

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. CrowdStrike Holdings Inc. MVA spread ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 not reaching 2022 level.

MVA Margin

CrowdStrike Holdings Inc., MVA margin calculation, comparison to benchmarks

Microsoft Excel
Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020
Selected Financial Data (US$ in thousands)
Market value added (MVA)1 74,504,111 25,045,418 41,282,447 40,861,087 9,704,233
 
Revenue 3,055,555 2,241,236 1,451,594 874,438 481,413
Add: Increase (decrease) in deferred revenue 698,986 825,792 617,426 340,727 281,101
Adjusted revenue 3,754,541 3,067,028 2,069,020 1,215,165 762,514
Performance Ratio
MVA margin2 1,984.37% 816.60% 1,995.27% 3,362.60% 1,272.66%
Benchmarks
MVA Margin, Competitors3
Accenture PLC 297.40% 251.01% 213.17% 379.26% 279.96%
Adobe Inc. 1,241.42% 766.46% 1,287.44% 1,554.19%
Autodesk Inc. 801.34% 649.46% 767.95% 1,300.77% 711.47%
Cadence Design Systems Inc. 1,927.61% 1,299.21% 1,128.47% 1,241.37%
International Business Machines Corp. 179.50% 104.54% 104.85% 68.01%
Intuit Inc. 959.77% 939.31% 782.89% 1,489.94% 1,098.60%
Microsoft Corp. 1,123.50% 1,016.40% 916.17% 1,148.11% 976.86%
Oracle Corp. 704.48% 626.94% 412.88% 514.72% 411.93%
Palo Alto Networks Inc. 949.23% 726.58% 651.57% 771.68% 434.92%
Salesforce Inc. 593.25% 321.51% 417.33% 620.94% 558.53%
ServiceNow Inc. 1,433.56% 1,026.06% 1,555.49% 2,101.04%
Synopsys Inc. 1,373.41% 796.87% 1,126.17% 803.94%

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31).

1 MVA. See details »

2 2024 Calculation
MVA margin = 100 × MVA ÷ Adjusted revenue
= 100 × 74,504,111 ÷ 3,754,541 = 1,984.37%

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. CrowdStrike Holdings Inc. MVA margin ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 not reaching 2022 level.