Stock Analysis on Net

United Parcel Service Inc. (NYSE:UPS)

Market Value Added (MVA)

Microsoft Excel

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

United Parcel Service Inc., MVA calculation

US$ in millions

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Fair value of long-term debt, including current maturities1 20,300 22,100 18,200 25,100 28,300
Operating lease liability 4,368 4,465 3,859 3,613 3,100
Market value of common equity 98,589 126,738 153,251 181,886 140,113
Noncontrolling interests 25 8 17 16 12
Less: Marketable securities 206 2,866 1,993 338 406
Market (fair) value of UPS 123,076 150,445 173,334 210,277 171,119
Less: Invested capital2 48,150 45,460 44,780 44,396 33,181
MVA 74,926 104,985 128,554 165,881 137,938

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 Fair value of debt. See details »

2 Invested capital. See details »

Item Description The company
MVA United Parcel Service Inc. market (fair) value less invested capital. United Parcel Service Inc. MVA decreased from 2022 to 2023 and from 2023 to 2024.

MVA Spread Ratio

United Parcel Service Inc., MVA spread ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Market value added (MVA)1 74,926 104,985 128,554 165,881 137,938
Invested capital2 48,150 45,460 44,780 44,396 33,181
Performance Ratio
MVA spread ratio3 155.61% 230.94% 287.08% 373.64% 415.72%
Benchmarks
MVA Spread Ratio, Competitors4
FedEx Corp. 56.50% 43.85% 39.69% 83.76% 39.69%
Uber Technologies Inc. 1,005.70% 1,007.53% 372.72% 331.50% 420.06%
Union Pacific Corp. 178.57% 196.13% 160.12% 224.50% 191.78%
United Airlines Holdings Inc. 17.06% -6.53% 2.17% 9.50% 10.18%

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 MVA. See details »

2 Invested capital. See details »

3 2024 Calculation
MVA spread ratio = 100 × MVA ÷ Invested capital
= 100 × 74,926 ÷ 48,150 = 155.61%

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. United Parcel Service Inc. MVA spread ratio deteriorated from 2022 to 2023 and from 2023 to 2024.

MVA Margin

United Parcel Service Inc., MVA margin calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Market value added (MVA)1 74,926 104,985 128,554 165,881 137,938
Revenue 91,070 90,958 100,338 97,287 84,628
Performance Ratio
MVA margin2 82.27% 115.42% 128.12% 170.51% 162.99%
Benchmarks
MVA Margin, Competitors3
FedEx Corp. 45.27% 33.82% 28.21% 64.08% 33.00%
Uber Technologies Inc. 341.51% 423.49% 191.05% 305.35% 793.36%
Union Pacific Corp. 456.88% 500.31% 384.62% 599.66% 572.79%
United Airlines Holdings Inc. 14.70% -5.49% 1.98% 20.01% 29.46%

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 MVA. See details »

2 2024 Calculation
MVA margin = 100 × MVA ÷ Revenue
= 100 × 74,926 ÷ 91,070 = 82.27%

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. United Parcel Service Inc. MVA margin ratio deteriorated from 2022 to 2023 and from 2023 to 2024.