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
Medtronic PLC, MVA calculation
US$ in millions
Based on: 10-K (reporting date: 2024-04-26), 10-K (reporting date: 2023-04-28), 10-K (reporting date: 2022-04-29), 10-K (reporting date: 2021-04-30), 10-K (reporting date: 2020-04-24), 10-K (reporting date: 2019-04-26).
1 Fair value of debt. See details »
2 Invested capital. See details »
| Item | Description | The company |
|---|---|---|
| MVA | Medtronic PLC market (fair) value less invested capital. | Medtronic PLC MVA decreased from 2022 to 2023 and from 2023 to 2024. |
MVA Spread Ratio
Medtronic PLC, MVA spread ratio calculation, comparison to benchmarks
| Apr 26, 2024 | Apr 28, 2023 | Apr 29, 2022 | Apr 30, 2021 | Apr 24, 2020 | Apr 26, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Market value added (MVA)1 | 50,983) | 62,345) | 65,311) | 118,094) | 76,584) | 82,400) | |
| Invested capital2 | 68,670) | 70,505) | 69,629) | 72,405) | 71,146) | 72,690) | |
| Performance Ratio | |||||||
| MVA spread ratio3 | 74.24% | 88.43% | 93.80% | 163.10% | 107.64% | 113.36% | |
| Benchmarks | |||||||
| MVA Spread Ratio, Competitors4 | |||||||
| Abbott Laboratories | 313.58% | 257.59% | 230.60% | 266.78% | 300.18% | — | |
| CVS Health Corp. | -4.26% | 8.41% | 26.73% | 49.51% | 20.97% | — | |
| Elevance Health Inc. | 51.49% | 105.63% | 108.49% | 116.25% | 72.69% | — | |
| Intuitive Surgical Inc. | 2,431.18% | 1,699.53% | 1,400.02% | 2,002.36% | 1,853.43% | — | |
| UnitedHealth Group Inc. | 159.51% | 192.81% | 214.27% | 265.59% | 189.93% | — | |
Based on: 10-K (reporting date: 2024-04-26), 10-K (reporting date: 2023-04-28), 10-K (reporting date: 2022-04-29), 10-K (reporting date: 2021-04-30), 10-K (reporting date: 2020-04-24), 10-K (reporting date: 2019-04-26).
1 MVA. See details »
2 Invested capital. See details »
3 2024 Calculation
MVA spread ratio = 100 × MVA ÷ Invested capital
= 100 × 50,983 ÷ 68,670 = 74.24%
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. | Medtronic PLC MVA spread ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
MVA Margin
Medtronic PLC, MVA margin calculation, comparison to benchmarks
| Apr 26, 2024 | Apr 28, 2023 | Apr 29, 2022 | Apr 30, 2021 | Apr 24, 2020 | Apr 26, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Market value added (MVA)1 | 50,983) | 62,345) | 65,311) | 118,094) | 76,584) | 82,400) | |
| Net sales | 32,364) | 31,227) | 31,686) | 30,117) | 28,913) | 30,557) | |
| Add: Increase (decrease) in deferred revenue | 48) | 6) | 31) | 65) | (12) | 26) | |
| Adjusted net sales | 32,412) | 31,233) | 31,717) | 30,182) | 28,901) | 30,583) | |
| Performance Ratio | |||||||
| MVA margin2 | 157.30% | 199.61% | 205.92% | 391.27% | 264.99% | 269.43% | |
| Benchmarks | |||||||
| MVA Margin, Competitors3 | |||||||
| Abbott Laboratories | 448.99% | 383.09% | 323.76% | 384.46% | 523.78% | — | |
| CVS Health Corp. | -1.51% | 3.18% | 10.28% | 22.27% | 10.70% | — | |
| Elevance Health Inc. | 22.99% | 43.23% | 46.56% | 54.23% | 34.07% | — | |
| Intuitive Surgical Inc. | 2,261.68% | 1,695.34% | 1,209.45% | 1,575.51% | 1,900.32% | — | |
| UnitedHealth Group Inc. | 80.18% | 95.85% | 109.81% | 130.39% | 96.88% | — | |
Based on: 10-K (reporting date: 2024-04-26), 10-K (reporting date: 2023-04-28), 10-K (reporting date: 2022-04-29), 10-K (reporting date: 2021-04-30), 10-K (reporting date: 2020-04-24), 10-K (reporting date: 2019-04-26).
1 MVA. See details »
2 2024 Calculation
MVA margin = 100 × MVA ÷ Adjusted net sales
= 100 × 50,983 ÷ 32,412 = 157.30%
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. | Medtronic PLC MVA margin ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |