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
Netflix Inc., MVA calculation
US$ in thousands
Based on: 10-K (reporting date: 2024-12-31), 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).
1 Fair value of debt. See details »
2 Invested capital. See details »
| Item | Description | The company |
|---|---|---|
| MVA | Netflix Inc. market (fair) value less invested capital. | Netflix Inc. MVA increased from 2022 to 2023 and from 2023 to 2024. |
MVA Spread Ratio
Netflix Inc., MVA spread ratio calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Market value added (MVA)1 | 391,601,684) | 226,355,276) | 140,461,330) | 157,648,896) | 229,788,230) | |
| Invested capital2 | 40,712,328) | 37,926,586) | 37,782,560) | 34,785,312) | 29,762,011) | |
| Performance Ratio | ||||||
| MVA spread ratio3 | 961.87% | 596.82% | 371.76% | 453.21% | 772.09% | |
| Benchmarks | ||||||
| MVA Spread Ratio, Competitors4 | ||||||
| Alphabet Inc. | 914.11% | 797.59% | 533.88% | 988.84% | 800.47% | |
| Comcast Corp. | 4.16% | 34.32% | 23.22% | 50.36% | 64.16% | |
| Meta Platforms Inc. | 957.71% | 767.10% | 380.86% | 579.06% | 791.20% | |
| Walt Disney Co. | 50.39% | 33.59% | 34.30% | 103.57% | 101.22% | |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 MVA. See details »
2 Invested capital. See details »
3 2024 Calculation
MVA spread ratio = 100 × MVA ÷ Invested capital
= 100 × 391,601,684 ÷ 40,712,328 = 961.87%
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. | Netflix Inc. MVA spread ratio improved from 2022 to 2023 and from 2023 to 2024. |
MVA Margin
Netflix Inc., MVA margin calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Market value added (MVA)1 | 391,601,684) | 226,355,276) | 140,461,330) | 157,648,896) | 229,788,230) | |
| Revenues | 39,000,966) | 33,723,297) | 31,615,550) | 29,697,844) | 24,996,056) | |
| Add: Increase (decrease) in deferred revenue | 77,844) | 178,308) | 55,319) | 91,350) | 193,247) | |
| Adjusted revenues | 39,078,810) | 33,901,605) | 31,670,869) | 29,789,194) | 25,189,303) | |
| Performance Ratio | ||||||
| MVA margin2 | 1,002.08% | 667.68% | 443.50% | 529.22% | 912.25% | |
| Benchmarks | ||||||
| MVA Margin, Competitors3 | ||||||
| Alphabet Inc. | 593.71% | 491.55% | 381.04% | 655.85% | 636.95% | |
| Comcast Corp. | 7.21% | 59.40% | 41.05% | 99.16% | 138.43% | |
| Meta Platforms Inc. | 965.69% | 802.73% | 332.57% | 454.84% | 744.17% | |
| Walt Disney Co. | 91.70% | 65.59% | 70.59% | 263.91% | 272.21% | |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 MVA. See details »
2 2024 Calculation
MVA margin = 100 × MVA ÷ Adjusted revenues
= 100 × 391,601,684 ÷ 39,078,810 = 1,002.08%
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. | Netflix Inc. MVA margin ratio improved from 2022 to 2023 and from 2023 to 2024. |