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
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 | ONEOK Inc. market (fair) value less invested capital. | ONEOK Inc. MVA increased from 2020 to 2021 but then slightly decreased from 2021 to 2022. |
MVA Spread Ratio
Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
---|---|---|---|---|---|---|
Selected Financial Data (US$ in thousands) | ||||||
Market value added (MVA)1 | 20,009,113) | 22,780,678) | 15,100,537) | 24,600,991) | 19,693,999) | |
Invested capital2 | 22,064,152) | 21,409,739) | 21,625,131) | 19,885,058) | 16,415,008) | |
Performance Ratio | ||||||
MVA spread ratio3 | 90.69% | 106.40% | 69.83% | 123.72% | 119.98% | |
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% | — | |
Marathon Petroleum Corp. | 23.50% | 16.35% | 14.91% | -10.38% | — | |
Occidental Petroleum Corp. | 44.52% | 34.32% | 9.79% | -5.81% | — | |
Valero Energy Corp. | 27.46% | 19.85% | 21.44% | 4.90% | — |
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 × 20,009,113 ÷ 22,064,152 = 90.69%
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. | ONEOK Inc. MVA spread ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022. |
MVA Margin
Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
---|---|---|---|---|---|---|
Selected Financial Data (US$ in thousands) | ||||||
Market value added (MVA)1 | 20,009,113) | 22,780,678) | 15,100,537) | 24,600,991) | 19,693,999) | |
Revenues | 22,386,892) | 16,540,309) | 8,542,242) | 10,164,367) | 12,593,196) | |
Performance Ratio | ||||||
MVA margin2 | 89.38% | 137.73% | 176.77% | 242.03% | 156.39% | |
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% | — | |
Marathon Petroleum Corp. | 9.21% | 8.67% | 15.00% | -6.87% | — | |
Occidental Petroleum Corp. | 68.42% | 76.78% | 34.78% | -23.98% | — | |
Valero Energy Corp. | 7.75% | 7.75% | 13.53% | 1.84% | — |
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 ÷ Revenues
= 100 × 20,009,113 ÷ 22,386,892 = 89.38%
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. | ONEOK Inc. MVA margin ratio deteriorated from 2020 to 2021 and from 2021 to 2022. |