Stock Analysis on Net

lululemon athletica inc. (NASDAQ:LULU)

Market Value Added (MVA)

Microsoft Excel

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

lululemon athletica inc., MVA calculation

US$ in thousands

Microsoft Excel
Feb 2, 2025 Jan 28, 2024 Jan 29, 2023 Jan 30, 2022 Jan 31, 2021 Feb 2, 2020
Fair value of debt
Operating lease liability 1,575,791 1,403,282 1,070,334 881,052 798,681 739,961
Market value of common equity 41,201,220 60,337,715 40,732,106 43,998,362 41,338,271 26,137,149
Undesignated preferred stock, $0.01 par value; none issued and outstanding
Market (fair) value of lululemon 42,777,011 61,740,997 41,802,440 44,879,414 42,136,952 26,877,110
Less: Invested capital2 6,507,336 5,978,501 4,526,979 3,909,051 3,672,427 3,008,240
MVA 36,269,675 55,762,496 37,275,461 40,970,363 38,464,525 23,868,870

Based on: 10-K (reporting date: 2025-02-02), 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02).

2 Invested capital. See details »

Item Description The company
MVA lululemon athletica inc. market (fair) value less invested capital. lululemon athletica inc. MVA increased from 2023 to 2024 but then decreased significantly from 2024 to 2025.

MVA Spread Ratio

lululemon athletica inc., MVA spread ratio calculation, comparison to benchmarks

Microsoft Excel
Feb 2, 2025 Jan 28, 2024 Jan 29, 2023 Jan 30, 2022 Jan 31, 2021 Feb 2, 2020
Selected Financial Data (US$ in thousands)
Market value added (MVA)1 36,269,675 55,762,496 37,275,461 40,970,363 38,464,525 23,868,870
Invested capital2 6,507,336 5,978,501 4,526,979 3,909,051 3,672,427 3,008,240
Performance Ratio
MVA spread ratio3 557.37% 932.72% 823.41% 1,048.09% 1,047.39% 793.45%
Benchmarks
MVA Spread Ratio, Competitors4
Nike Inc. 424.32% 745.30% 764.83% 1,149.95% 776.97%

Based on: 10-K (reporting date: 2025-02-02), 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02).

1 MVA. See details »

2 Invested capital. See details »

3 2025 Calculation
MVA spread ratio = 100 × MVA ÷ Invested capital
= 100 × 36,269,675 ÷ 6,507,336 = 557.37%

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. lululemon athletica inc. MVA spread ratio improved from 2023 to 2024 but then deteriorated significantly from 2024 to 2025.

MVA Margin

lululemon athletica inc., MVA margin calculation, comparison to benchmarks

Microsoft Excel
Feb 2, 2025 Jan 28, 2024 Jan 29, 2023 Jan 30, 2022 Jan 31, 2021 Feb 2, 2020
Selected Financial Data (US$ in thousands)
Market value added (MVA)1 36,269,675 55,762,496 37,275,461 40,970,363 38,464,525 23,868,870
 
Net revenue 10,588,126 9,619,278 8,110,518 6,256,617 4,401,879 3,979,296
Add: Increase (decrease) in unredeemed gift card liability 1,873 55,001 43,283 52,347 35,435 21,001
Adjusted net revenue 10,589,999 9,674,279 8,153,801 6,308,964 4,437,314 4,000,297
Performance Ratio
MVA margin2 342.49% 576.40% 457.15% 649.40% 866.84% 596.68%
Benchmarks
MVA Margin, Competitors3
Nike Inc. 182.82% 296.77% 346.10% 542.78% 396.41%

Based on: 10-K (reporting date: 2025-02-02), 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02).

1 MVA. See details »

2 2025 Calculation
MVA margin = 100 × MVA ÷ Adjusted net revenue
= 100 × 36,269,675 ÷ 10,589,999 = 342.49%

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. lululemon athletica inc. MVA margin ratio improved from 2023 to 2024 but then deteriorated significantly from 2024 to 2025.