Stock Analysis on Net
Stock Analysis on Net

Paycom Software Inc. (NYSE:PAYC)

This company has been moved to the archive! The financial data has not been updated since November 2, 2023.

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

Paycom Software Inc., MVA calculation

US$ in thousands

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Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Fair value of long-term debt1 29,000 29,155 30,894 32,633 34,389
Operating lease liability 41,012 30,912 27,896 28,685 27,199
Market value of common equity 17,792,735 19,012,528 23,185,491 17,488,062 10,217,070
Market (fair) value of Paycom 17,862,747 19,072,595 23,244,281 17,549,380 10,278,658
Less: Invested capital2 1,478,485 1,189,369 860,024 724,133 522,609
MVA 16,384,262 17,883,226 22,384,257 16,825,247 9,756,049

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 Paycom Software Inc. market (fair) value less invested capital. Paycom Software Inc. MVA decreased from 2020 to 2021 and from 2021 to 2022.

MVA Spread Ratio

Paycom Software Inc., MVA spread ratio calculation

Microsoft Excel
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 16,384,262 17,883,226 22,384,257 16,825,247 9,756,049
Invested capital2 1,478,485 1,189,369 860,024 724,133 522,609
Performance Ratio
MVA spread ratio3 1,108.18% 1,503.59% 2,602.75% 2,323.50% 1,866.80%

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 × 16,384,262 ÷ 1,478,485 = 1,108.18%

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. Paycom Software Inc. MVA spread ratio deteriorated from 2020 to 2021 and from 2021 to 2022.

MVA Margin

Paycom Software Inc., MVA margin calculation

Microsoft Excel
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 16,384,262 17,883,226 22,384,257 16,825,247 9,756,049
 
Revenues 1,375,218 1,055,524 841,434 737,671 566,336
Add: Increase (decrease) in deferred revenue 15,990 14,600 10,582 11,593 13,027
Adjusted revenues 1,391,208 1,070,124 852,016 749,264 579,363
Performance Ratio
MVA margin2 1,177.70% 1,671.14% 2,627.21% 2,245.57% 1,683.93%

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 ÷ Adjusted revenues
= 100 × 16,384,262 ÷ 1,391,208 = 1,177.70%

Performance ratio Description The company
MVA margin The ratio of MVA to sales. It measures how efficiently and prodigiously sales translate into franchise value. Paycom Software Inc. MVA margin ratio deteriorated from 2020 to 2021 and from 2021 to 2022.