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
Old Dominion Freight Line Inc., MVA calculation
US$ in thousands
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 | Old Dominion Freight Line Inc. market (fair) value less invested capital. | Old Dominion Freight Line Inc. MVA increased from 2020 to 2021 and from 2021 to 2022. |
MVA Spread Ratio
Old Dominion Freight Line Inc., MVA spread ratio calculation, comparison to benchmarks
| 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 | 33,653,933) | 28,518,193) | 21,869,614) | 13,098,755) | 9,281,337) | |
| Invested capital2 | 4,117,551) | 3,881,401) | 3,423,416) | 3,453,801) | 3,056,198) | |
| Performance Ratio | ||||||
| MVA spread ratio3 | 817.33% | 734.74% | 638.82% | 379.26% | 303.69% | |
| Benchmarks | ||||||
| MVA Spread Ratio, Competitors4 | ||||||
| FedEx Corp. | 39.69% | 83.76% | 39.69% | 45.89% | — | |
| Uber Technologies Inc. | 372.72% | 331.50% | 420.06% | 206.61% | — | |
| Union Pacific Corp. | 160.12% | 224.50% | 191.78% | 172.47% | — | |
| United Parcel Service Inc. | 287.08% | 373.64% | 415.72% | 232.28% | — | |
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 × 33,653,933 ÷ 4,117,551 = 817.33%
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. | Old Dominion Freight Line Inc. MVA spread ratio improved from 2020 to 2021 and from 2021 to 2022. |
MVA Margin
Old Dominion Freight Line Inc., MVA margin calculation, comparison to benchmarks
| 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 | 33,653,933) | 28,518,193) | 21,869,614) | 13,098,755) | 9,281,337) | |
| Revenue from operations | 6,260,077) | 5,256,328) | 4,015,129) | 4,109,111) | 4,043,695) | |
| Performance Ratio | ||||||
| MVA margin2 | 537.60% | 542.55% | 544.68% | 318.77% | 229.53% | |
| Benchmarks | ||||||
| MVA Margin, Competitors3 | ||||||
| FedEx Corp. | 28.21% | 64.08% | 33.00% | 34.92% | — | |
| Uber Technologies Inc. | 191.05% | 305.35% | 793.36% | 298.93% | — | |
| Union Pacific Corp. | 384.62% | 599.66% | 572.79% | 454.49% | — | |
| United Parcel Service Inc. | 128.12% | 170.51% | 162.99% | 113.97% | — | |
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 ÷ Revenue from operations
= 100 × 33,653,933 ÷ 6,260,077 = 537.60%
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. | Old Dominion Freight Line Inc. MVA margin ratio deteriorated from 2020 to 2021 and from 2021 to 2022. |