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
Expand Energy Corp., MVA calculation
US$ in millions
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
1 Fair value of debt. See details »
2 Invested capital. See details »
| Item | Description | The company |
|---|---|---|
| MVA | Expand Energy Corp. market (fair) value less invested capital. | Expand Energy Corp. MVA decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level. |
MVA Spread Ratio
Expand Energy Corp., MVA spread ratio calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Market value added (MVA)1 | 6,706) | 1,085) | 2,795) | 2,768) | |
| Invested capital2 | 22,822) | 11,924) | 10,988) | 7,990) | |
| Performance Ratio | |||||
| MVA spread ratio3 | 29.39% | 9.10% | 25.44% | 34.64% | |
| Benchmarks | |||||
| MVA Spread Ratio, Competitors4 | |||||
| Chevron Corp. | 46.44% | 47.11% | 57.71% | 54.49% | |
| ConocoPhillips | 38.56% | 83.41% | 93.55% | 86.17% | |
| Exxon Mobil Corp. | 39.78% | 51.74% | 67.23% | 42.25% | |
| Occidental Petroleum Corp. | 18.74% | 37.27% | 44.52% | 34.32% | |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
1 MVA. See details »
2 Invested capital. See details »
3 2024 Calculation
MVA spread ratio = 100 × MVA ÷ Invested capital
= 100 × 6,706 ÷ 22,822 = 29.39%
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. | Expand Energy Corp. MVA spread ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
MVA Margin
Expand Energy Corp., MVA margin calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Market value added (MVA)1 | 6,706) | 1,085) | 2,795) | 2,768) | |
| Revenues | 4,259) | 6,047) | 14,123) | 7,301) | |
| Performance Ratio | |||||
| MVA margin2 | 157.47% | 17.95% | 19.79% | 37.91% | |
| Benchmarks | |||||
| MVA Margin, Competitors3 | |||||
| Chevron Corp. | 50.04% | 50.80% | 51.99% | 67.80% | |
| ConocoPhillips | 74.93% | 120.75% | 90.01% | 143.57% | |
| Exxon Mobil Corp. | 44.44% | 47.49% | 50.09% | 41.64% | |
| Occidental Petroleum Corp. | 46.91% | 75.01% | 68.42% | 76.78% | |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
1 MVA. See details »
2 2024 Calculation
MVA margin = 100 × MVA ÷ Revenues
= 100 × 6,706 ÷ 4,259 = 157.47%
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. | Expand Energy Corp. MVA margin ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |