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
Keurig Dr Pepper Inc., MVA calculation
US$ in millions
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 Fair value of debt. See details »
2 Invested capital. See details »
| Item | Description | The company |
|---|---|---|
| MVA | Keurig Dr Pepper Inc. market (fair) value less invested capital. | Keurig Dr Pepper Inc. MVA increased from 2019 to 2020 and from 2020 to 2021. |
MVA Spread Ratio
Keurig Dr Pepper Inc., MVA spread ratio calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Market value added (MVA)1 | 22,478) | 16,285) | 11,917) | 6,786) | |
| Invested capital2 | 44,109) | 43,835) | 44,138) | 44,635) | |
| Performance Ratio | |||||
| MVA spread ratio3 | 50.96% | 37.15% | 27.00% | 15.20% | |
| Benchmarks | |||||
| MVA Spread Ratio, Competitors4 | |||||
| Coca-Cola Co. | 289.24% | 244.21% | — | — | |
| Mondelēz International Inc. | 85.16% | 65.69% | — | — | |
| PepsiCo Inc. | 297.67% | 237.73% | — | — | |
| Philip Morris International Inc. | 582.70% | 437.24% | — | — | |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 MVA. See details »
2 Invested capital. See details »
3 2021 Calculation
MVA spread ratio = 100 × MVA ÷ Invested capital
= 100 × 22,478 ÷ 44,109 = 50.96%
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. | Keurig Dr Pepper Inc. MVA spread ratio improved from 2019 to 2020 and from 2020 to 2021. |
MVA Margin
Keurig Dr Pepper Inc., MVA margin calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Market value added (MVA)1 | 22,478) | 16,285) | 11,917) | 6,786) | |
| Net sales | 12,683) | 11,618) | 11,120) | 7,442) | |
| Performance Ratio | |||||
| MVA margin2 | 177.23% | 140.17% | 107.17% | 91.18% | |
| Benchmarks | |||||
| MVA Margin, Competitors3 | |||||
| Coca-Cola Co. | 600.94% | 559.78% | — | — | |
| Mondelēz International Inc. | 182.53% | 151.66% | — | — | |
| PepsiCo Inc. | 261.55% | 236.69% | — | — | |
| Philip Morris International Inc. | 543.05% | 486.98% | — | — | |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 MVA. See details »
2 2021 Calculation
MVA margin = 100 × MVA ÷ Net sales
= 100 × 22,478 ÷ 12,683 = 177.23%
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. | Keurig Dr Pepper Inc. MVA margin ratio improved from 2019 to 2020 and from 2020 to 2021. |