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
AmerisourceBergen Corp., MVA calculation
US$ in thousands
Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30).
1 Fair value of debt. See details »
2 Invested capital. See details »
| Item | Description | The company |
|---|---|---|
| MVA | AmerisourceBergen Corp. market (fair) value less invested capital. | AmerisourceBergen Corp. MVA increased from 2020 to 2021 and from 2021 to 2022. |
MVA Spread Ratio
AmerisourceBergen Corp., MVA spread ratio calculation, comparison to benchmarks
| Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | Sep 30, 2018 | Sep 30, 2017 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Market value added (MVA)1 | 27,361,238) | 21,379,475) | 18,869,929) | 10,620,764) | 11,263,878) | 10,251,082) | |
| Invested capital2 | 13,020,519) | 12,902,673) | 7,128,161) | 12,346,959) | 12,285,847) | 10,870,238) | |
| Performance Ratio | |||||||
| MVA spread ratio3 | 210.14% | 165.70% | 264.72% | 86.02% | 91.68% | 94.30% | |
| 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% | — | — | |
| 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: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30).
1 MVA. See details »
2 Invested capital. See details »
3 2022 Calculation
MVA spread ratio = 100 × MVA ÷ Invested capital
= 100 × 27,361,238 ÷ 13,020,519 = 210.14%
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. | AmerisourceBergen Corp. MVA spread ratio deteriorated from 2020 to 2021 but then slightly improved from 2021 to 2022. |
MVA Margin
AmerisourceBergen Corp., MVA margin calculation, comparison to benchmarks
| Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | Sep 30, 2018 | Sep 30, 2017 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Market value added (MVA)1 | 27,361,238) | 21,379,475) | 18,869,929) | 10,620,764) | 11,263,878) | 10,251,082) | |
| Revenue | 238,587,006) | 213,988,843) | 189,893,926) | 179,589,121) | 167,939,635) | 153,143,826) | |
| Performance Ratio | |||||||
| MVA margin2 | 11.47% | 9.99% | 9.94% | 5.91% | 6.71% | 6.69% | |
| 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% | — | — | |
| 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: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30).
1 MVA. See details »
2 2022 Calculation
MVA margin = 100 × MVA ÷ Revenue
= 100 × 27,361,238 ÷ 238,587,006 = 11.47%
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. | AmerisourceBergen Corp. MVA margin ratio improved from 2020 to 2021 and from 2021 to 2022. |