Stock Analysis on Net

Gilead Sciences Inc. (NASDAQ:GILD)

Market Value Added (MVA)

Microsoft Excel

MVA

Gilead Sciences Inc., MVA calculation

US$ in millions

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Fair value of debt, net1 24,235 23,797 22,962 29,900 35,700
Operating lease liability 611 671 578 590 715
Market value of common equity 142,356 91,627 104,133 76,926 78,901
Preferred stock, par value $0.001 per share; none outstanding
Noncontrolling interest (84) (84) (31) (5) 19
Less: Marketable debt securities 2,342 2,218 2,491 1,913
Market (fair) value of Gilead 167,118 113,669 125,424 104,920 113,422
Less: Invested capital2 44,333 45,824 45,565 47,782 50,285
MVA 122,785 67,845 79,859 57,138 63,137

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), 10-K (reporting date: 2020-12-31).

1 Fair value of debt. See details »

2 Invested capital. See details »

Item Description The company
MVA Gilead Sciences Inc. market (fair) value less invested capital. Gilead Sciences Inc. MVA decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.

MVA Spread Ratio

Gilead Sciences Inc., MVA spread ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Market value added (MVA)1 122,785 67,845 79,859 57,138 63,137
Invested capital2 44,333 45,824 45,565 47,782 50,285
Performance Ratio
MVA spread ratio3 276.96% 148.05% 175.26% 119.58% 125.56%
Benchmarks
MVA Spread Ratio, Competitors4
AbbVie Inc. 483.23% 438.96% 297.39% 253.64% 172.70%
Amgen Inc. 238.60% 213.63% 308.27% 303.88% 343.98%
Bristol-Myers Squibb Co. 155.28% 100.64% 160.91% 138.81% 109.83%
Danaher Corp. 123.11% 157.62% 156.95% 187.44% 172.97%
Eli Lilly & Co. 2,281.36% 2,390.18% 1,239.79% 833.40% 778.02%
Johnson & Johnson 288.70% 309.06% 288.40% 366.82% 363.75%
Merck & Co. Inc. 231.53% 412.35% 312.72% 223.02% 292.93%
Pfizer Inc. 40.73% 40.45% 124.43% 210.66% 116.68%
Regeneron Pharmaceuticals Inc. 416.61% 663.41% 521.52% 461.61% 508.24%
Thermo Fisher Scientific Inc. 182.22% 189.54% 195.34% 212.01% 232.34%
Vertex Pharmaceuticals Inc. 1,158.91% 712.26% 484.09% 564.91% 575.24%

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), 10-K (reporting date: 2020-12-31).

1 MVA. See details »

2 Invested capital. See details »

3 2024 Calculation
MVA spread ratio = 100 × MVA ÷ Invested capital
= 100 × 122,785 ÷ 44,333 = 276.96%

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. Gilead Sciences Inc. MVA spread ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level.

MVA Margin

Gilead Sciences Inc., MVA margin calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Market value added (MVA)1 122,785 67,845 79,859 57,138 63,137
Product sales 28,610 26,934 26,982 27,008 24,355
Performance Ratio
MVA margin2 429.17% 251.89% 295.97% 211.56% 259.24%
Benchmarks
MVA Margin, Competitors3
AbbVie Inc. 594.14% 551.18% 420.74% 432.93% 391.08%
Amgen Inc. 470.63% 555.51% 493.74% 503.37% 550.26%
Bristol-Myers Squibb Co. 201.43% 151.08% 250.01% 240.26% 232.86%
Danaher Corp. 380.02% 517.54% 389.99% 468.46% 507.10%
Eli Lilly & Co. 1,813.26% 2,058.21% 1,055.66% 769.29% 778.57%
Johnson & Johnson 346.20% 359.73% 345.74% 383.60% 433.17%
Merck & Co. Inc. 286.58% 479.92% 390.05% 323.90% 349.01%
Pfizer Inc. 86.91% 105.20% 136.21% 224.83% 284.06%
Regeneron Pharmaceuticals Inc. 365.32% 605.08% 525.04% 312.14% 495.20%
Thermo Fisher Scientific Inc. 348.77% 378.46% 360.17% 431.35% 441.03%
Vertex Pharmaceuticals Inc. 951.31% 955.82% 714.32% 700.10% 754.94%

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), 10-K (reporting date: 2020-12-31).

1 MVA. See details »

2 2024 Calculation
MVA margin = 100 × MVA ÷ Product sales
= 100 × 122,785 ÷ 28,610 = 429.17%

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. Gilead Sciences Inc. MVA margin ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level.