Stock Analysis on Net

Generac Holdings Inc. (NYSE:GNRC)

This company has been moved to the archive! The financial data has not been updated since August 8, 2022.

Market Value Added (MVA)

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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

Generac Holdings Inc., MVA calculation

US$ in thousands

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Fair value of borrowings and finance lease obligation1 994,862 900,971 919,003 915,914 929,263
Operating lease liability 103,919 63,750 37,009 41,220 43,924
Market value of common equity 18,016,968 20,935,375 6,714,121 3,228,876 2,879,448
Redeemable noncontrolling interest 58,050 66,207 61,227 61,004 43,929
Noncontrolling interests 313 (89) 469 712 279
Market (fair) value of Generac 19,174,112 21,966,214 7,731,829 4,247,726 3,896,843
Less: Invested capital2 3,771,373 2,684,660 2,246,986 1,970,846 1,710,524
MVA 15,402,739 19,281,554 5,484,843 2,276,880 2,186,319

Based on: 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), 10-K (reporting date: 2017-12-31).

1 Fair value of debt. See details »

2 Invested capital. See details »

Item Description The company
MVA Generac Holdings Inc. market (fair) value less invested capital. Generac Holdings Inc. MVA increased from 2019 to 2020 but then slightly decreased from 2020 to 2021.

MVA Spread Ratio

Generac Holdings Inc., MVA spread ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in thousands)
Market value added (MVA)1 15,402,739 19,281,554 5,484,843 2,276,880 2,186,319
Invested capital2 3,771,373 2,684,660 2,246,986 1,970,846 1,710,524
Performance Ratio
MVA spread ratio3 408.41% 718.21% 244.10% 115.53% 127.82%
Benchmarks
MVA Spread Ratio, Competitors4
Boeing Co. 256.38% 257.78% 489.80%
Caterpillar Inc. 164.79% 176.94% 108.09%
Eaton Corp. plc 132.30% 124.83% 66.62%
GE Aerospace 110.77% 64.66% 58.28%
Honeywell International Inc. 209.78% 236.48% 239.06%
Lockheed Martin Corp. 319.28% 284.59% 441.62%
RTX Corp. 57.80% 31.41% 82.79%

Based on: 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), 10-K (reporting date: 2017-12-31).

1 MVA. See details »

2 Invested capital. See details »

3 2021 Calculation
MVA spread ratio = 100 × MVA ÷ Invested capital
= 100 × 15,402,739 ÷ 3,771,373 = 408.41%

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. Generac Holdings Inc. MVA spread ratio improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021 not reaching 2019 level.

MVA Margin

Generac Holdings Inc., MVA margin calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in thousands)
Market value added (MVA)1 15,402,739 19,281,554 5,484,843 2,276,880 2,186,319
 
Net sales 3,737,184 2,485,200 2,204,336 2,023,464 1,672,445
Add: Increase (decrease) in deferred revenue related to extended warranties 21,859 11,050 10,398 10,486 19,861
Adjusted net sales 3,759,043 2,496,250 2,214,734 2,033,950 1,692,306
Performance Ratio
MVA margin2 409.75% 772.42% 247.65% 111.94% 129.19%
Benchmarks
MVA Margin, Competitors3
Boeing Co. 203.39% 211.11% 227.39%
Caterpillar Inc. 190.18% 245.71% 116.96%
Eaton Corp. plc 198.58% 191.64% 91.84%
GE Aerospace 111.81% 103.34% 86.63%
Honeywell International Inc. 293.22% 350.74% 278.15%
Lockheed Martin Corp. 136.30% 122.08% 189.58%
RTX Corp. 102.95% 64.17% 111.10%

Based on: 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), 10-K (reporting date: 2017-12-31).

1 MVA. See details »

2 2021 Calculation
MVA margin = 100 × MVA ÷ Adjusted net sales
= 100 × 15,402,739 ÷ 3,759,043 = 409.75%

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. Generac Holdings Inc. MVA margin ratio improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021 not reaching 2019 level.