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
Kraft Foods Group Inc., MVA calculation
US$ in millions
Based on: 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29).
1 Fair value of debt. See details »
2 Invested capital. See details »
| Item | Description | The company |
|---|---|---|
| MVA | Kraft Foods Group Inc. market (fair) value less invested capital. | Kraft Foods Group Inc. MVA decreased from 2012 to 2013 but then increased from 2013 to 2014 exceeding 2012 level. |
MVA Spread Ratio
Kraft Foods Group Inc., MVA spread ratio calculation, comparison to benchmarks
| Dec 27, 2014 | Dec 28, 2013 | Dec 29, 2012 | ||
|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||
| Market value added (MVA)1 | 34,313) | 27,932) | 28,729) | |
| Invested capital2 | 14,787) | 16,041) | 13,807) | |
| Performance Ratio | ||||
| MVA spread ratio3 | 232.05% | 174.12% | 208.07% | |
| Benchmarks | ||||
| MVA Spread Ratio, Competitors4 | ||||
| lululemon athletica inc. | — | — | — | |
| Nike Inc. | — | — | — | |
Based on: 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29).
1 MVA. See details »
2 Invested capital. See details »
3 2014 Calculation
MVA spread ratio = 100 × MVA ÷ Invested capital
= 100 × 34,313 ÷ 14,787 = 232.05%
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. | Kraft Foods Group Inc. MVA spread ratio deteriorated from 2012 to 2013 but then improved from 2013 to 2014 exceeding 2012 level. |
MVA Margin
Kraft Foods Group Inc., MVA margin calculation, comparison to benchmarks
| Dec 27, 2014 | Dec 28, 2013 | Dec 29, 2012 | ||
|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||
| Market value added (MVA)1 | 34,313) | 27,932) | 28,729) | |
| Net revenues | 18,205) | 18,218) | 18,339) | |
| Performance Ratio | ||||
| MVA margin2 | 188.48% | 153.32% | 156.65% | |
| Benchmarks | ||||
| MVA Margin, Competitors3 | ||||
| lululemon athletica inc. | — | — | — | |
| Nike Inc. | — | — | — | |
Based on: 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29).
1 MVA. See details »
2 2014 Calculation
MVA margin = 100 × MVA ÷ Net revenues
= 100 × 34,313 ÷ 18,205 = 188.48%
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. | Kraft Foods Group Inc. MVA margin ratio deteriorated from 2012 to 2013 but then improved from 2013 to 2014 exceeding 2012 level. |