Stock Analysis on Net

Target Corp. (NYSE:TGT)

Market Value Added (MVA)

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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

Target Corp., MVA calculation

US$ in millions

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Feb 1, 2025 Feb 3, 2024 Jan 28, 2023 Jan 29, 2022 Jan 30, 2021 Feb 1, 2020
Fair value of long-term debt and other borrowings, including current portion1 15,114 15,480 15,760 14,883 14,641 13,234
Operating lease liability 3,935 3,608 2,934 2,747 2,429 2,475
Market value of common equity 48,874 76,950 75,274 99,882 89,043 52,892
Market (fair) value of Target 67,923 96,038 93,968 117,512 106,113 68,601
Less: Invested capital2 36,107 34,307 30,226 30,151 30,495 27,256
MVA 31,816 61,731 63,742 87,361 75,618 41,345

Based on: 10-K (reporting date: 2025-02-01), 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01).

1 Fair value of debt. See details »

2 Invested capital. See details »

Item Description The company
MVA Target Corp. market (fair) value less invested capital. Target Corp. MVA decreased from 2023 to 2024 and from 2024 to 2025.

MVA Spread Ratio

Target Corp., MVA spread ratio calculation, comparison to benchmarks

Microsoft Excel
Feb 1, 2025 Feb 3, 2024 Jan 28, 2023 Jan 29, 2022 Jan 30, 2021 Feb 1, 2020
Selected Financial Data (US$ in millions)
Market value added (MVA)1 31,816 61,731 63,742 87,361 75,618 41,345
Invested capital2 36,107 34,307 30,226 30,151 30,495 27,256
Performance Ratio
MVA spread ratio3 88.12% 179.94% 210.89% 289.75% 247.97% 151.69%
Benchmarks
MVA Spread Ratio, Competitors4
Costco Wholesale Corp. 1,145.79% 641.08% 601.38% 635.70% 488.89%
Walmart Inc. 364.30% 257.71% 195.10% 201.42% 174.24% 145.51%

Based on: 10-K (reporting date: 2025-02-01), 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01).

1 MVA. See details »

2 Invested capital. See details »

3 2025 Calculation
MVA spread ratio = 100 × MVA ÷ Invested capital
= 100 × 31,816 ÷ 36,107 = 88.12%

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. Target Corp. MVA spread ratio deteriorated from 2023 to 2024 and from 2024 to 2025.

MVA Margin

Target Corp., MVA margin calculation, comparison to benchmarks

Microsoft Excel
Feb 1, 2025 Feb 3, 2024 Jan 28, 2023 Jan 29, 2022 Jan 30, 2021 Feb 1, 2020
Selected Financial Data (US$ in millions)
Market value added (MVA)1 31,816 61,731 63,742 87,361 75,618 41,345
Net sales 106,566 107,412 109,120 106,005 93,561 78,112
Performance Ratio
MVA margin2 29.86% 57.47% 58.41% 82.41% 80.82% 52.93%
Benchmarks
MVA Margin, Competitors3
Costco Wholesale Corp. 151.44% 94.13% 85.51% 94.36% 86.99%
Walmart Inc. 87.10% 62.31% 48.16% 55.42% 51.59% 46.83%

Based on: 10-K (reporting date: 2025-02-01), 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01).

1 MVA. See details »

2 2025 Calculation
MVA margin = 100 × MVA ÷ Net sales
= 100 × 31,816 ÷ 106,566 = 29.86%

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. Target Corp. MVA margin ratio deteriorated from 2023 to 2024 and from 2024 to 2025.