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: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31).
1 Fair value of debt. See details »
2 Invested capital. See details »
Item | Description | The company |
---|---|---|
MVA | Express Scripts Holding Co. market (fair) value less invested capital. | Express Scripts Holding Co. MVA decreased from 2015 to 2016 but then increased from 2016 to 2017 not reaching 2015 level. |
MVA Spread Ratio
Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | ||
---|---|---|---|---|---|---|
Selected Financial Data (US$ in thousands) | ||||||
Market value added (MVA)1 | 23,976,948) | 22,521,284) | 24,713,358) | 38,919,195) | 33,450,288) | |
Invested capital2 | 37,007,152) | 35,712,343) | 37,411,086) | 38,622,209) | 41,289,230) | |
Performance Ratio | ||||||
MVA spread ratio3 | 64.79% | 63.06% | 66.06% | 100.77% | 81.01% | |
Benchmarks | ||||||
MVA Spread Ratio, Competitors4 | ||||||
Abbott Laboratories | — | — | — | — | — | |
Cigna Group | — | — | — | — | — | |
CVS Health Corp. | — | — | — | — | — | |
Danaher Corp. | — | — | — | — | — | |
Elevance Health Inc. | — | — | — | — | — | |
Humana Inc. | — | — | — | — | — | |
Intuitive Surgical Inc. | — | — | — | — | — | |
Medtronic PLC | — | — | — | — | — | |
UnitedHealth Group Inc. | — | — | — | — | — |
Based on: 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31).
1 MVA. See details »
2 Invested capital. See details »
3 2017 Calculation
MVA spread ratio = 100 × MVA ÷ Invested capital
= 100 × 23,976,948 ÷ 37,007,152 = 64.79%
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. | Express Scripts Holding Co. MVA spread ratio deteriorated from 2015 to 2016 but then improved from 2016 to 2017 not reaching 2015 level. |
MVA Margin
Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | ||
---|---|---|---|---|---|---|
Selected Financial Data (US$ in thousands) | ||||||
Market value added (MVA)1 | 23,976,948) | 22,521,284) | 24,713,358) | 38,919,195) | 33,450,288) | |
Revenues | 100,064,600) | 100,287,500) | 101,751,800) | 100,887,100) | 104,098,800) | |
Performance Ratio | ||||||
MVA margin2 | 23.96% | 22.46% | 24.29% | 38.58% | 32.13% | |
Benchmarks | ||||||
MVA Margin, Competitors3 | ||||||
Abbott Laboratories | — | — | — | — | — | |
Cigna Group | — | — | — | — | — | |
CVS Health Corp. | — | — | — | — | — | |
Danaher Corp. | — | — | — | — | — | |
Elevance Health Inc. | — | — | — | — | — | |
Humana Inc. | — | — | — | — | — | |
Intuitive Surgical Inc. | — | — | — | — | — | |
Medtronic PLC | — | — | — | — | — | |
UnitedHealth Group Inc. | — | — | — | — | — |
Based on: 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31).
1 MVA. See details »
2 2017 Calculation
MVA margin = 100 × MVA ÷ Revenues
= 100 × 23,976,948 ÷ 100,064,600 = 23.96%
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. | Express Scripts Holding Co. MVA margin ratio deteriorated from 2015 to 2016 but then improved from 2016 to 2017 not reaching 2015 level. |