Stock Analysis on Net

DuPont de Nemours Inc. (NYSE:DD)

This company has been moved to the archive! The financial data has not been updated since February 14, 2020.

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

DuPont de Nemours Inc., MVA calculation

US$ in millions

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Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Fair value of short-term borrowings and long-term debt1 19,050 41,531 36,123 23,079 18,454
Operating lease liability 554 2,777 2,836 1,967 2,040
Market value of common equity 39,262 39,083 55,780 24,371 17,133
Preferred stock, series A, $1.00 par 4,000
Non-redeemable noncontrolling interests 569 1,608 1,597 1,242 809
Less: Marketable securities 1,833 1,516 1,959 1,866
Market (fair) value of DuPont 59,435 83,166 94,820 48,701 40,570
Less: Invested capital2 62,770 153,164 149,192 50,610 46,288
MVA (3,335) (69,998) (54,372) (1,910) (5,718)

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

1 Fair value of debt. See details »

2 Invested capital. See details »

Item Description The company
MVA DuPont de Nemours Inc. market (fair) value less invested capital. DuPont de Nemours Inc. MVA decreased from 2017 to 2018 but then increased from 2018 to 2019 exceeding 2017 level.

MVA Spread Ratio

DuPont de Nemours Inc., MVA spread ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Market value added (MVA)1 (3,335) (69,998) (54,372) (1,910) (5,718)
Invested capital2 62,770 153,164 149,192 50,610 46,288
Performance Ratio
MVA spread ratio3 -5.31% -45.70% -36.44% -3.77% -12.35%
Benchmarks
MVA Spread Ratio, Competitors4
Linde plc 56.94%

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

1 MVA. See details »

2 Invested capital. See details »

3 2019 Calculation
MVA spread ratio = 100 × MVA ÷ Invested capital
= 100 × -3,335 ÷ 62,770 = -5.31%

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. DuPont de Nemours Inc. MVA spread ratio deteriorated from 2017 to 2018 but then improved from 2018 to 2019 exceeding 2017 level.

MVA Margin

DuPont de Nemours Inc., MVA margin calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Market value added (MVA)1 (3,335) (69,998) (54,372) (1,910) (5,718)
 
Net sales 21,512 85,977 62,484 48,158 48,778
Add: Increase (decrease) in deferred revenue (41) 2,332
Adjusted net sales 21,512 85,936 64,816 48,158 48,778
Performance Ratio
MVA margin2 -15.51% -81.45% -83.89% -3.97% -11.72%
Benchmarks
MVA Margin, Competitors3
Linde plc 158.41%

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

1 MVA. See details »

2 2019 Calculation
MVA margin = 100 × MVA ÷ Adjusted net sales
= 100 × -3,335 ÷ 21,512 = -15.51%

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. DuPont de Nemours Inc. MVA margin ratio improved from 2017 to 2018 and from 2018 to 2019.