Stock Analysis on Net

Marathon Oil Corp. (NYSE:MRO)

This company has been moved to the archive! The financial data has not been updated since August 4, 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

Marathon Oil Corp., MVA calculation

US$ in millions

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Fair value of long-term debt and finance lease liability, including current portion1 4,735 6,077 6,174 5,469 5,976
Operating lease liability 63 137 208 184 106
Market value of common equity 15,996 8,806 8,157 13,653 12,899
Preferred stock, no par value; no shares issued or outstanding
Market (fair) value of Marathon Oil 20,794 15,020 14,539 19,306 18,981
Less: Invested capital2 14,862 16,214 17,954 17,565 17,726
MVA 5,932 (1,194) (3,415) 1,741 1,255

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 Marathon Oil Corp. market (fair) value less invested capital. Marathon Oil Corp. MVA increased from 2019 to 2020 and from 2020 to 2021.

MVA Spread Ratio

Marathon Oil Corp., 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 millions)
Market value added (MVA)1 5,932 (1,194) (3,415) 1,741 1,255
Invested capital2 14,862 16,214 17,954 17,565 17,726
Performance Ratio
MVA spread ratio3 39.92% -7.36% -19.02% 9.91% 7.08%
Benchmarks
MVA Spread Ratio, Competitors4
Chevron Corp. 54.49% 25.83% 21.23%
ConocoPhillips 86.17% 63.43% 38.09%
Exxon Mobil Corp. 42.25% 18.54% -5.98%
Marathon Petroleum Corp. 16.35% 14.91% -10.38%
Occidental Petroleum Corp. 34.32% 9.79% -5.81%
Valero Energy Corp. 19.85% 21.44% 4.90%

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 × 5,932 ÷ 14,862 = 39.92%

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. Marathon Oil Corp. MVA spread ratio improved from 2019 to 2020 and from 2020 to 2021.

MVA Margin

Marathon Oil Corp., 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 millions)
Market value added (MVA)1 5,932 (1,194) (3,415) 1,741 1,255
Revenues 5,601 3,097 5,063 5,902 4,373
Performance Ratio
MVA margin2 105.92% -38.55% -67.44% 29.49% 28.71%
Benchmarks
MVA Margin, Competitors3
Chevron Corp. 67.80% 53.96% 29.71%
ConocoPhillips 143.57% 171.77% 67.50%
Exxon Mobil Corp. 41.64% 28.44% -7.10%
Marathon Petroleum Corp. 8.67% 15.00% -6.87%
Occidental Petroleum Corp. 76.78% 34.78% -23.98%
Valero Energy Corp. 7.75% 13.53% 1.84%

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 ÷ Revenues
= 100 × 5,932 ÷ 5,601 = 105.92%

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. Marathon Oil Corp. MVA margin ratio improved from 2019 to 2020 and from 2020 to 2021.