Stock Analysis on Net

DexCom Inc. (NASDAQ:DXCM)

This company has been moved to the archive! The financial data has not been updated since October 26, 2023.

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

DexCom Inc., MVA calculation

US$ in thousands

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Fair value of debt1 3,514,900 4,082,800 3,218,400 2,165,800 1,407,100
Operating lease liability 115,100 119,100 118,300 86,000 58,897
Market value of common equity 41,439,004 39,505,713 39,451,954 23,100,043 13,161,858
Preferred stock, $0.001 par value; no shares issued and outstanding
Less: Available-for-sale debt securities 1,813,900 1,678,600 1,890,100 1,087,100 248,600
Market (fair) value of Dexcom 43,255,104 42,029,013 40,898,554 24,264,743 14,379,256
Less: Invested capital2 1,649,000 1,899,300 1,367,200 836,300 1,449,197
MVA 41,606,104 40,129,713 39,531,354 23,428,443 12,930,058

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 Fair value of debt. See details »

2 Invested capital. See details »

Item Description The company
MVA DexCom Inc. market (fair) value less invested capital. DexCom Inc. MVA increased from 2020 to 2021 and from 2021 to 2022.

MVA Spread Ratio

DexCom Inc., MVA spread ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Market value added (MVA)1 41,606,104 40,129,713 39,531,354 23,428,443 12,930,058
Invested capital2 1,649,000 1,899,300 1,367,200 836,300 1,449,197
Performance Ratio
MVA spread ratio3 2,523.11% 2,112.87% 2,891.41% 2,801.44% 892.22%
Benchmarks
MVA Spread Ratio, Competitors4
Abbott Laboratories 230.60% 266.78% 300.18% 202.12%
Cigna Group 36.39% 21.75% 20.67% 16.09%
CVS Health Corp. 26.73% 49.51% 20.97% 20.89%
Elevance Health Inc. 108.24% 115.84% 72.12% 79.88%
Humana Inc. 156.66% 122.92% 163.20% 196.12%
Intuitive Surgical Inc. 1,400.02% 2,002.36% 1,853.43% 1,771.30%
Medtronic PLC 93.80% 163.10% 107.64% 113.36%
UnitedHealth Group Inc. 214.27% 265.59% 189.93% 187.47%

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 MVA. See details »

2 Invested capital. See details »

3 2022 Calculation
MVA spread ratio = 100 × MVA ÷ Invested capital
= 100 × 41,606,104 ÷ 1,649,000 = 2,523.11%

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. DexCom Inc. MVA spread ratio deteriorated from 2020 to 2021 but then improved from 2021 to 2022 not reaching 2020 level.

MVA Margin

DexCom Inc., MVA margin calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Market value added (MVA)1 41,606,104 40,129,713 39,531,354 23,428,443 12,930,058
 
Revenue 2,909,800 2,448,500 1,926,700 1,476,000 1,031,600
Add: Increase (decrease) in deferred revenue 10,900 (100) 500 (1,200) (300)
Adjusted revenue 2,920,700 2,448,400 1,927,200 1,474,800 1,031,300
Performance Ratio
MVA margin2 1,424.53% 1,639.02% 2,051.23% 1,588.58% 1,253.76%
Benchmarks
MVA Margin, Competitors3
Abbott Laboratories 323.76% 384.46% 523.78% 368.47%
Cigna Group 17.38% 11.43% 12.17% 9.91%
CVS Health Corp. 10.28% 22.27% 10.70% 11.44%
Elevance Health Inc. 46.51% 54.14% 33.92% 42.99%
Humana Inc. 49.25% 45.49% 46.87% 57.53%
Intuitive Surgical Inc. 1,209.45% 1,575.51% 1,900.32% 1,312.48%
Medtronic PLC 205.92% 391.27% 264.99% 269.43%
UnitedHealth Group Inc. 109.81% 130.39% 96.88% 91.49%

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 MVA. See details »

2 2022 Calculation
MVA margin = 100 × MVA ÷ Adjusted revenue
= 100 × 41,606,104 ÷ 2,920,700 = 1,424.53%

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. DexCom Inc. MVA margin ratio deteriorated from 2020 to 2021 and from 2021 to 2022.