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.
Paying user area
Try for free
e.l.f. Beauty, Inc. pages available for free this week:
- Balance Sheet: Assets
- Common-Size Income Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Long-term (Investment) Activity Ratios
- Analysis of Geographic Areas
- Common Stock Valuation Ratios
- Price to FCFE (P/FCFE)
- Capital Asset Pricing Model (CAPM)
- Net Profit Margin since 2016
- Return on Equity (ROE) since 2016
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to e.l.f. Beauty, Inc. for $22.49.
This is a one-time payment. There is no automatic renewal.
We accept:
MVA
e.l.f. Beauty, Inc., MVA calculation
US$ in thousands
Based on: 10-K (reporting date: 2024-03-31), 10-K (reporting date: 2023-03-31), 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31).
1 Fair value of debt. See details »
2 Invested capital. See details »
- Market (Fair) Value
- The market value exhibited significant fluctuations over the observed periods. Initially, it increased from approximately $982 million in 2020 to about $1.62 billion in 2021, indicating strong growth. However, there was a decline to around $1.41 billion in 2022. Subsequently, the market value experienced a substantial rise, reaching approximately $5.69 billion in 2023, and further escalating to over $10.63 billion by 2024. This pattern shows overall robust growth with a temporary dip in 2022 followed by accelerated appreciation in the last two years.
- Invested Capital
- The invested capital showed a moderate increasing trend from 2020 to 2023, rising from $418 million to nearly $496 million. In 2024, a considerable jump was observed, with invested capital almost doubling to approximately $936 million. This increase suggests enhanced investment activity or capital infusion during the final period, potentially supporting growth or expansion initiatives.
- Market Value Added (MVA)
- The market value added, representing the difference between market value and invested capital, followed a pattern consistent with market value changes. It grew from $564 million in 2020 to over $1.19 billion in 2021, decreased to approximately $967 million in 2022, then surged dramatically to $5.20 billion in 2023 and nearly doubled to $9.69 billion in 2024. The MVA trend highlights substantial value creation in the latter years, reflecting positive market perceptions relative to the capital invested.
- Overall Insights
- The data reveals that the company experienced a period of volatility around 2022, with both market value and MVA declining. However, this was followed by exceptional growth in market value and value added in subsequent years, which coincided with a significant rise in invested capital in 2024. The substantial increase in invested capital alongside surging market indicators suggests strategic investment decisions potentially aimed at scaling operations or enhancing competitive positioning. The overall trends indicate strengthening market confidence and increasing shareholder value over the longer term.
MVA Spread Ratio
e.l.f. Beauty, Inc., MVA spread ratio calculation, comparison to benchmarks
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Market value added (MVA)1 | ||||||
| Invested capital2 | ||||||
| Performance Ratio | ||||||
| MVA spread ratio3 | ||||||
| Benchmarks | ||||||
| MVA Spread Ratio, Competitors4 | ||||||
| Procter & Gamble Co. | ||||||
Based on: 10-K (reporting date: 2024-03-31), 10-K (reporting date: 2023-03-31), 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31).
1 MVA. See details »
2 Invested capital. See details »
3 2024 Calculation
MVA spread ratio = 100 × MVA ÷ Invested capital
= 100 × ÷ =
4 Click competitor name to see calculations.
The financial data indicates significant changes in key performance metrics over the analyzed periods. Observing the Market Value Added (MVA), there was a substantial increase from US$563,811 thousand in 2020 to US$1,190,159 thousand in 2021, followed by a slight decline to US$966,159 thousand in 2022. Subsequently, MVA surged dramatically to US$5,196,387 thousand in 2023 and further nearly doubled to US$9,691,003 thousand in 2024, reflecting a pronounced positive shift in company valuation and value creation for shareholders.
Invested capital shows a steady but moderate increase over the observed period, rising from US$418,026 thousand in 2020 to US$434,062 thousand in 2021, then to US$439,123 thousand in 2022, followed by a more marked increase to US$496,463 thousand in 2023 and nearly doubling to US$936,268 thousand in 2024. This trend suggests ongoing investment in the company's asset base supporting growth initiatives and operations.
The MVA spread ratio, representing the relationship between market value added and invested capital, reflects the efficiency of capital utilization and value generation. This ratio rose from 134.87% in 2020 to an impressive 274.19% in 2021, decreased somewhat to 220.02% in 2022, then surged significantly to over 1,000% in both 2023 (1046.68%) and 2024 (1035.07%). This pattern points to a marked improvement in the company's ability to generate value well above the invested capital, especially in the last two years, indicating highly efficient capital deployment and a strong market valuation relative to capital invested.
Overall, the data reflects a period of accelerating value creation, particularly notable from 2023 onwards, driven by substantial growth in market value added relative to steadily increasing invested capital. This trend underscores a successful strategy in enhancing shareholder value and effective capital investment management.
MVA Margin
e.l.f. Beauty, Inc., MVA margin calculation, comparison to benchmarks
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Market value added (MVA)1 | ||||||
| Net sales | ||||||
| Performance Ratio | ||||||
| MVA margin2 | ||||||
| Benchmarks | ||||||
| MVA Margin, Competitors3 | ||||||
| Procter & Gamble Co. | ||||||
Based on: 10-K (reporting date: 2024-03-31), 10-K (reporting date: 2023-03-31), 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31).
1 MVA. See details »
2 2024 Calculation
MVA margin = 100 × MVA ÷ Net sales
= 100 × ÷ =
3 Click competitor name to see calculations.
- Market Value Added (MVA)
- The market value added experienced substantial fluctuations over the five-year period. It increased from approximately 564 million USD in 2020 to a peak of around 1.19 billion USD in 2021. However, there was a notable decline in 2022, with the value dropping to about 966 million USD. This was followed by a significant surge in 2023, reaching approximately 5.2 billion USD, and then nearly doubling again in 2024 to about 9.7 billion USD. The sharp increases in the last two years indicate strong market valuation growth.
- Net Sales
- Net sales exhibited consistent growth throughout the period. Starting at approximately 283 million USD in 2020, sales rose moderately to 318 million USD in 2021 and further increased to 392 million USD in 2022. The growth rate accelerated in 2023, with net sales reaching around 579 million USD, and then almost doubled again in 2024 to exceed 1 billion USD. This trend suggests expanding revenue generation and increasing market demand for the company's products or services.
- MVA Margin
- The MVA margin, representing market value added as a percentage of net sales, showed considerable volatility but an overall upward trend. The margin increased sharply from 199.33% in 2020 to 374.13% in 2021, then decreased to 246.37% in 2022. This pattern reversed with a pronounced rise to 897.72% in 2023, followed by a further increase to 946.45% in 2024. The substantial expansion in the margin during the latter years indicates that market value growth significantly outpaced sales increases, reflecting enhanced investor confidence or market perceptions.