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
Starbucks Corp., MVA calculation
US$ in thousands
Based on: 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-10-01), 10-K (reporting date: 2022-10-02), 10-K (reporting date: 2021-10-03), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29).
1 Fair value of debt. See details »
2 Invested capital. See details »
| Item | Description | The company |
|---|---|---|
| MVA | Starbucks Corp. market (fair) value less invested capital. | Starbucks Corp. MVA increased from 2022 to 2023 but then decreased significantly from 2023 to 2024. |
MVA Spread Ratio
Starbucks Corp., MVA spread ratio calculation, comparison to benchmarks
| Sep 29, 2024 | Oct 1, 2023 | Oct 2, 2022 | Oct 3, 2021 | Sep 27, 2020 | Sep 29, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Market value added (MVA)1 | 112,236,088) | 119,848,419) | 113,319,510) | 130,849,496) | 113,171,661) | 99,964,710) | |
| Invested capital2 | 23,526,800) | 22,171,000) | 20,459,700) | 23,683,800) | 22,970,900) | 20,030,637) | |
| Performance Ratio | |||||||
| MVA spread ratio3 | 477.06% | 540.56% | 553.87% | 552.49% | 492.67% | 499.06% | |
| Benchmarks | |||||||
| MVA Spread Ratio, Competitors4 | |||||||
| Airbnb Inc. | — | 1,574.38% | 1,127.97% | 1,610.92% | 2,575.01% | — | |
| Booking Holdings Inc. | — | 1,200.63% | 645.29% | 637.90% | 662.28% | 576.91% | |
| Chipotle Mexican Grill Inc. | — | 1,142.84% | 775.57% | 750.94% | 835.20% | 518.95% | |
| McDonald’s Corp. | — | 430.22% | 426.12% | 393.79% | 359.83% | 386.54% | |
Based on: 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-10-01), 10-K (reporting date: 2022-10-02), 10-K (reporting date: 2021-10-03), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29).
1 MVA. See details »
2 Invested capital. See details »
3 2024 Calculation
MVA spread ratio = 100 × MVA ÷ Invested capital
= 100 × 112,236,088 ÷ 23,526,800 = 477.06%
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. | Starbucks Corp. MVA spread ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
MVA Margin
Starbucks Corp., MVA margin calculation, comparison to benchmarks
| Sep 29, 2024 | Oct 1, 2023 | Oct 2, 2022 | Oct 3, 2021 | Sep 27, 2020 | Sep 29, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Market value added (MVA)1 | 112,236,088) | 119,848,419) | 113,319,510) | 130,849,496) | 113,171,661) | 99,964,710) | |
| Net revenues | 36,176,200) | 35,975,600) | 32,250,300) | 29,060,600) | 23,518,000) | 26,508,600) | |
| Add: Increase (decrease) in stored value card liability and deferred revenue | (57,200) | (119,600) | (137,500) | 4,100) | 41,600) | (405,200) | |
| Adjusted net revenues | 36,119,000) | 35,856,000) | 32,112,800) | 29,064,700) | 23,559,600) | 26,103,400) | |
| Performance Ratio | |||||||
| MVA margin2 | 310.74% | 334.25% | 352.88% | 450.20% | 480.36% | 382.96% | |
| Benchmarks | |||||||
| MVA Margin, Competitors3 | |||||||
| Airbnb Inc. | — | 903.08% | 890.34% | 1,449.11% | 3,942.51% | — | |
| Booking Holdings Inc. | — | 641.48% | 515.10% | 873.43% | 1,419.18% | 422.06% | |
| Chipotle Mexican Grill Inc. | — | 693.54% | 483.21% | 544.85% | 685.40% | 390.97% | |
| McDonald’s Corp. | — | 844.34% | 834.91% | 808.92% | 875.15% | 781.31% | |
Based on: 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-10-01), 10-K (reporting date: 2022-10-02), 10-K (reporting date: 2021-10-03), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29).
1 MVA. See details »
2 2024 Calculation
MVA margin = 100 × MVA ÷ Adjusted net revenues
= 100 × 112,236,088 ÷ 36,119,000 = 310.74%
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. | Starbucks Corp. MVA margin ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |