Stock Analysis on Net

Palo Alto Networks Inc. (NASDAQ:PANW)

Market Value Added (MVA)

Microsoft Excel

MVA

Palo Alto Networks Inc., MVA calculation

US$ in thousands

Microsoft Excel
Jul 31, 2024 Jul 31, 2023 Jul 31, 2022 Jul 31, 2021 Jul 31, 2020 Jul 31, 2019
Fair value of convertible Senior Notes1 3,200,000 5,000,000 6,700,000 5,500,000 4,100,000 1,900,000
Operating lease liability 446,400 339,400 338,400 379,200 394,500 394,223
Market value of common equity 109,342,992 74,902,082 52,915,962 45,606,516 22,710,367 20,481,480
Preferred stock; $0.0001 par value; none issued and outstanding
Less: Available-for-sale investments 5,216,800 4,302,600 2,567,900 1,915,200 1,344,200 2,417,100
Market (fair) value of Palo Alto Networks 107,772,592 75,938,882 57,386,462 49,570,516 25,860,667 20,358,602
Less: Invested capital2 10,841,500 9,129,500 8,704,600 7,360,500 7,029,200 3,879,623
MVA 96,931,092 66,809,382 48,681,862 42,210,016 18,831,467 16,478,980

Based on: 10-K (reporting date: 2024-07-31), 10-K (reporting date: 2023-07-31), 10-K (reporting date: 2022-07-31), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-31), 10-K (reporting date: 2019-07-31).

1 Fair value of debt. See details »

2 Invested capital. See details »

Item Description The company
MVA Palo Alto Networks Inc. market (fair) value less invested capital. Palo Alto Networks Inc. MVA increased from 2022 to 2023 and from 2023 to 2024.

MVA Spread Ratio

Palo Alto Networks Inc., MVA spread ratio calculation, comparison to benchmarks

Microsoft Excel
Jul 31, 2024 Jul 31, 2023 Jul 31, 2022 Jul 31, 2021 Jul 31, 2020 Jul 31, 2019
Selected Financial Data (US$ in thousands)
Market value added (MVA)1 96,931,092 66,809,382 48,681,862 42,210,016 18,831,467 16,478,980
Invested capital2 10,841,500 9,129,500 8,704,600 7,360,500 7,029,200 3,879,623
Performance Ratio
MVA spread ratio3 894.07% 731.80% 559.27% 573.47% 267.90% 424.76%
Benchmarks
MVA Spread Ratio, Competitors4
Accenture PLC 524.20% 487.90% 442.58% 739.74% 550.21% 505.40%
Adobe Inc. 991.60% 658.07% 1,033.13% 1,082.99% 884.94%
Autodesk Inc. 566.79% 510.53% 541.13% 941.72% 538.60% 712.11%
Cadence Design Systems Inc. 1,934.83% 1,302.22% 1,110.87% 1,232.57% 792.57%
CrowdStrike Holdings Inc. 1,264.87% 608.44% 1,273.85% 1,618.34% 1,449.48%
International Business Machines Corp. 100.64% 60.20% 54.96% 39.12% 47.78%
Intuit Inc. 624.57% 573.60% 406.80% 1,175.12% 976.09% 1,553.30%
Microsoft Corp. 803.69% 892.49% 956.02% 1,383.21% 1,315.93% 962.41%
Oracle Corp. 370.24% 324.04% 224.95% 260.27% 180.84% 220.64%
Salesforce Inc. 256.35% 126.24% 150.31% 270.75% 226.93% 326.41%
ServiceNow Inc. 1,781.94% 1,276.80% 1,798.18% 2,575.52% 2,192.76%
Synopsys Inc. 973.25% 565.55% 707.79% 468.10% 272.11%

Based on: 10-K (reporting date: 2024-07-31), 10-K (reporting date: 2023-07-31), 10-K (reporting date: 2022-07-31), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-31), 10-K (reporting date: 2019-07-31).

1 MVA. See details »

2 Invested capital. See details »

3 2024 Calculation
MVA spread ratio = 100 × MVA ÷ Invested capital
= 100 × 96,931,092 ÷ 10,841,500 = 894.07%

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. Palo Alto Networks Inc. MVA spread ratio improved from 2022 to 2023 and from 2023 to 2024.

MVA Margin

Palo Alto Networks Inc., MVA margin calculation, comparison to benchmarks

Microsoft Excel
Jul 31, 2024 Jul 31, 2023 Jul 31, 2022 Jul 31, 2021 Jul 31, 2020 Jul 31, 2019
Selected Financial Data (US$ in thousands)
Market value added (MVA)1 96,931,092 66,809,382 48,681,862 42,210,016 18,831,467 16,478,980
 
Revenue 8,027,500 6,892,700 5,501,500 4,256,100 3,408,400 2,899,600
Add: Increase (decrease) in deferred revenue 2,184,100 2,302,400 1,970,000 1,213,800 921,500 609,400
Adjusted revenue 10,211,600 9,195,100 7,471,500 5,469,900 4,329,900 3,509,000
Performance Ratio
MVA margin2 949.23% 726.58% 651.57% 771.68% 434.92% 469.62%
Benchmarks
MVA Margin, Competitors3
Accenture PLC 297.40% 251.01% 213.17% 379.26% 279.96% 233.58%
Adobe Inc. 1,241.42% 766.46% 1,287.44% 1,554.19% 1,330.31%
Autodesk Inc. 801.34% 649.46% 767.95% 1,300.77% 711.47% 1,160.93%
Cadence Design Systems Inc. 1,927.61% 1,299.21% 1,128.47% 1,241.37% 769.46%
CrowdStrike Holdings Inc. 1,984.37% 816.60% 1,995.27% 3,362.60% 1,272.66%
International Business Machines Corp. 179.50% 104.54% 104.85% 68.01% 81.54%
Intuit Inc. 959.77% 939.31% 782.89% 1,489.94% 1,098.60% 1,034.92%
Microsoft Corp. 1,123.50% 1,016.40% 916.17% 1,148.11% 976.86% 711.95%
Oracle Corp. 704.48% 626.94% 412.88% 514.72% 411.93% 401.82%
Salesforce Inc. 593.25% 321.51% 417.33% 620.94% 558.53% 642.57%
ServiceNow Inc. 1,433.56% 1,026.06% 1,555.49% 2,101.04% 1,606.91%
Synopsys Inc. 1,373.41% 796.87% 1,126.17% 803.94% 470.26%

Based on: 10-K (reporting date: 2024-07-31), 10-K (reporting date: 2023-07-31), 10-K (reporting date: 2022-07-31), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-31), 10-K (reporting date: 2019-07-31).

1 MVA. See details »

2 2024 Calculation
MVA margin = 100 × MVA ÷ Adjusted revenue
= 100 × 96,931,092 ÷ 10,211,600 = 949.23%

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. Palo Alto Networks Inc. MVA margin ratio improved from 2022 to 2023 and from 2023 to 2024.