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
Hess Corp., MVA calculation
US$ in millions
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 | Hess Corp. market (fair) value less invested capital. | Hess Corp. MVA increased from 2020 to 2021 and from 2021 to 2022. |
MVA Spread Ratio
Hess Corp., 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 millions) | ||||||
| Market value added (MVA)1 | 34,184) | 25,829) | 15,064) | 11,087) | 6,967) | |
| Invested capital2 | 18,062) | 16,885) | 16,448) | 18,672) | 19,028) | |
| Performance Ratio | ||||||
| MVA spread ratio3 | 189.26% | 152.97% | 91.58% | 59.38% | 36.62% | |
| Benchmarks | ||||||
| MVA Spread Ratio, Competitors4 | ||||||
| Chevron Corp. | 57.71% | 54.49% | 25.83% | 21.23% | — | |
| ConocoPhillips | 93.55% | 86.17% | 63.43% | 38.09% | — | |
| Exxon Mobil Corp. | 67.23% | 42.25% | 18.54% | -5.98% | — | |
| Occidental Petroleum Corp. | 44.52% | 34.32% | 9.79% | -5.81% | — | |
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 × 34,184 ÷ 18,062 = 189.26%
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. | Hess Corp. MVA spread ratio improved from 2020 to 2021 and from 2021 to 2022. |
MVA Margin
Hess Corp., 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 millions) | ||||||
| Market value added (MVA)1 | 34,184) | 25,829) | 15,064) | 11,087) | 6,967) | |
| Sales and other operating revenues | 11,324) | 7,473) | 4,667) | 6,495) | 6,323) | |
| Performance Ratio | ||||||
| MVA margin2 | 301.87% | 345.63% | 322.77% | 170.71% | 110.19% | |
| Benchmarks | ||||||
| MVA Margin, Competitors3 | ||||||
| Chevron Corp. | 51.99% | 67.80% | 53.96% | 29.71% | — | |
| ConocoPhillips | 90.01% | 143.57% | 171.77% | 67.50% | — | |
| Exxon Mobil Corp. | 50.09% | 41.64% | 28.44% | -7.10% | — | |
| Occidental Petroleum Corp. | 68.42% | 76.78% | 34.78% | -23.98% | — | |
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 ÷ Sales and other operating revenues
= 100 × 34,184 ÷ 11,324 = 301.87%
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. | Hess Corp. MVA margin ratio improved from 2020 to 2021 but then deteriorated significantly from 2021 to 2022. |