Market Value Added (MVA)
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
EOG Resources Inc., MVA calculation
US$ in thousands
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 | EOG Resources Inc. market (fair) value less invested capital. | EOG Resources Inc. MVA decreased from 2017 to 2018 and from 2018 to 2019. |
MVA Spread Ratio
EOG Resources Inc., MVA spread ratio calculation, comparison to benchmarks
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Market value added (MVA)1 | 8,568,618) | 30,709,940) | 42,323,177) | 37,707,123) | 20,425,910) | |
| Invested capital2 | 32,663,914) | 30,360,840) | 26,570,707) | 26,322,407) | 24,433,279) | |
| Performance Ratio | ||||||
| MVA spread ratio3 | 26.23% | 101.15% | 159.29% | 143.25% | 83.60% | |
| Benchmarks | ||||||
| MVA Spread Ratio, Competitors4 | ||||||
| Chevron Corp. | 21.23% | — | — | — | — | |
| ConocoPhillips | 38.09% | — | — | — | — | |
| Exxon Mobil Corp. | -5.98% | — | — | — | — | |
| Marathon Petroleum Corp. | -10.38% | — | — | — | — | |
| Occidental Petroleum Corp. | -5.81% | — | — | — | — | |
| Valero Energy Corp. | 4.90% | — | — | — | — | |
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 × 8,568,618 ÷ 32,663,914 = 26.23%
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. | EOG Resources Inc. MVA spread ratio deteriorated from 2017 to 2018 and from 2018 to 2019. |
MVA Margin
EOG Resources Inc., MVA margin calculation, comparison to benchmarks
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Market value added (MVA)1 | 8,568,618) | 30,709,940) | 42,323,177) | 37,707,123) | 20,425,910) | |
| Operating revenues and other | 17,379,973) | 17,275,399) | 11,208,320) | 7,650,632) | 8,757,428) | |
| Performance Ratio | ||||||
| MVA margin2 | 49.30% | 177.77% | 377.60% | 492.86% | 233.24% | |
| Benchmarks | ||||||
| MVA Margin, Competitors3 | ||||||
| Chevron Corp. | 29.71% | — | — | — | — | |
| ConocoPhillips | 67.50% | — | — | — | — | |
| Exxon Mobil Corp. | -7.10% | — | — | — | — | |
| Marathon Petroleum Corp. | -6.87% | — | — | — | — | |
| Occidental Petroleum Corp. | -23.98% | — | — | — | — | |
| Valero Energy Corp. | 1.84% | — | — | — | — | |
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 ÷ Operating revenues and other
= 100 × 8,568,618 ÷ 17,379,973 = 49.30%
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. | EOG Resources Inc. MVA margin ratio deteriorated from 2017 to 2018 and from 2018 to 2019. |