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
Monster Beverage Corp., MVA calculation
US$ in thousands
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 Fair value of debt. See details »
2 Invested capital. See details »
| Item | Description | The company |
|---|---|---|
| MVA | Monster Beverage Corp. market (fair) value less invested capital. | Monster Beverage Corp. MVA increased from 2021 to 2022 and from 2022 to 2023. |
MVA Spread Ratio
Monster Beverage Corp., MVA spread ratio calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Market value added (MVA)1 | 53,251,386) | 44,621,915) | 37,996,663) | 41,015,760) | 29,060,415) | |
| Invested capital2 | 7,284,194) | 5,815,467) | 4,854,459) | 4,323,610) | 3,936,622) | |
| Performance Ratio | ||||||
| MVA spread ratio3 | 731.05% | 767.30% | 782.72% | 948.65% | 738.21% | |
| Benchmarks | ||||||
| MVA Spread Ratio, Competitors4 | ||||||
| Coca-Cola Co. | 258.44% | 267.55% | 289.24% | 244.21% | 297.74% | |
| Mondelēz International Inc. | 97.98% | 73.56% | 85.16% | 65.69% | 76.66% | |
| PepsiCo Inc. | 265.48% | 296.11% | 297.67% | 237.73% | — | |
| Philip Morris International Inc. | 264.66% | 327.03% | 582.70% | 437.24% | 450.40% | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 MVA. See details »
2 Invested capital. See details »
3 2023 Calculation
MVA spread ratio = 100 × MVA ÷ Invested capital
= 100 × 53,251,386 ÷ 7,284,194 = 731.05%
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. | Monster Beverage Corp. MVA spread ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
MVA Margin
Monster Beverage Corp., MVA margin calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Market value added (MVA)1 | 53,251,386) | 44,621,915) | 37,996,663) | 41,015,760) | 29,060,415) | |
| Net sales | 7,140,027) | 6,311,050) | 5,541,352) | 4,598,638) | 4,200,819) | |
| Add: Increase (decrease) in deferred revenue | (20,946) | (18,668) | (24,086) | (21,841) | (24,563) | |
| Adjusted net sales | 7,119,081) | 6,292,382) | 5,517,266) | 4,576,797) | 4,176,256) | |
| Performance Ratio | ||||||
| MVA margin2 | 748.01% | 709.14% | 688.69% | 896.17% | 695.85% | |
| Benchmarks | ||||||
| MVA Margin, Competitors3 | ||||||
| Coca-Cola Co. | 471.88% | 497.46% | 600.94% | 559.78% | 589.26% | |
| Mondelēz International Inc. | 167.29% | 149.09% | 182.53% | 151.66% | 174.63% | |
| PepsiCo Inc. | 217.79% | 238.05% | 261.55% | 236.69% | — | |
| Philip Morris International Inc. | 387.06% | 488.72% | 543.05% | 486.98% | 472.75% | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 MVA. See details »
2 2023 Calculation
MVA margin = 100 × MVA ÷ Adjusted net sales
= 100 × 53,251,386 ÷ 7,119,081 = 748.01%
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. | Monster Beverage Corp. MVA margin ratio improved from 2021 to 2022 and from 2022 to 2023. |