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
Walmart Inc., MVA calculation
US$ in millions
Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31).
1 Fair value of debt. See details »
2 Invested capital. See details »
| Item | Description | The company |
|---|---|---|
| MVA | Walmart Inc. market (fair) value less invested capital. | Walmart Inc. MVA decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level. |
MVA Spread Ratio
Walmart Inc., MVA spread ratio calculation, comparison to benchmarks
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | Jan 31, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Market value added (MVA)1 | 400,456) | 291,793) | 314,669) | 286,465) | 243,475) | 197,871) | |
| Invested capital2 | 155,389) | 149,558) | 156,225) | 164,411) | 167,329) | 158,768) | |
| Performance Ratio | |||||||
| MVA spread ratio3 | 257.71% | 195.10% | 201.42% | 174.24% | 145.51% | 124.63% | |
| Benchmarks | |||||||
| MVA Spread Ratio, Competitors4 | |||||||
| Costco Wholesale Corp. | 1,145.79% | 641.08% | 601.38% | 635.70% | 488.89% | 481.92% | |
| Dollar General Corp. | 94.11% | 153.08% | 211.96% | 182.79% | 150.73% | 129.61% | |
| Target Corp. | 179.94% | 210.89% | 289.75% | 247.97% | 151.69% | 106.62% | |
Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31).
1 MVA. See details »
2 Invested capital. See details »
3 2024 Calculation
MVA spread ratio = 100 × MVA ÷ Invested capital
= 100 × 400,456 ÷ 155,389 = 257.71%
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. | Walmart Inc. MVA spread ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
MVA Margin
Walmart Inc., MVA margin calculation, comparison to benchmarks
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | Jan 31, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Market value added (MVA)1 | 400,456) | 291,793) | 314,669) | 286,465) | 243,475) | 197,871) | |
| Net sales | 642,637) | 605,881) | 567,762) | 555,233) | 519,926) | 510,329) | |
| Performance Ratio | |||||||
| MVA margin2 | 62.31% | 48.16% | 55.42% | 51.59% | 46.83% | 38.77% | |
| Benchmarks | |||||||
| MVA Margin, Competitors3 | |||||||
| Costco Wholesale Corp. | 151.44% | 94.13% | 85.51% | 94.36% | 86.99% | 77.31% | |
| Dollar General Corp. | 63.99% | 100.17% | 133.17% | 113.19% | 103.87% | 91.58% | |
| Target Corp. | 58.35% | 59.25% | 83.51% | 81.84% | 53.60% | 37.31% | |
Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31).
1 MVA. See details »
2 2024 Calculation
MVA margin = 100 × MVA ÷ Net sales
= 100 × 400,456 ÷ 642,637 = 62.31%
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. | Walmart Inc. MVA margin ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |