Stock Analysis on Net

Newmont Corp. (NYSE:NEM)

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

Newmont Corp., MVA calculation

US$ in millions

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Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Fair value of debt, finance lease and other financing obligations1 9,537 5,697 7,362 8,257 7,764
Operating lease liability 105 116 128 108 75
Market value of common equity 36,017 35,133 52,876 45,906 38,845
Contingently redeemable noncontrolling interest 48 34 47
Noncontrolling interests 178 179 (209) 837 950
Less: Marketable securities and restricted marketable securities 273 1,133 424 706 417
Market (fair) value of Newmont 45,564 39,992 59,781 54,436 47,264
Less: Invested capital2 36,379 23,044 27,566 29,461 28,943
MVA 9,185 16,948 32,215 24,975 18,321

Based on: 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), 10-K (reporting date: 2019-12-31).

1 Fair value of debt. See details »

2 Invested capital. See details »

Item Description The company
MVA Newmont Corp. market (fair) value less invested capital. Newmont Corp. MVA decreased from 2021 to 2022 and from 2022 to 2023.

MVA Spread Ratio

Newmont Corp., MVA spread ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Market value added (MVA)1 9,185 16,948 32,215 24,975 18,321
Invested capital2 36,379 23,044 27,566 29,461 28,943
Performance Ratio
MVA spread ratio3 25.25% 73.55% 116.86% 84.77% 63.30%
Benchmarks
MVA Spread Ratio, Competitors4
Freeport-McMoRan Inc. 116.58% 122.69% 138.11% 110.31% 29.32%

Based on: 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), 10-K (reporting date: 2019-12-31).

1 MVA. See details »

2 Invested capital. See details »

3 2023 Calculation
MVA spread ratio = 100 × MVA ÷ Invested capital
= 100 × 9,185 ÷ 36,379 = 25.25%

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. Newmont Corp. MVA spread ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

MVA Margin

Newmont Corp., MVA margin calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Market value added (MVA)1 9,185 16,948 32,215 24,975 18,321
Sales 11,812 11,915 12,222 11,497 9,740
Performance Ratio
MVA margin2 77.76% 142.24% 263.58% 217.23% 188.10%
Benchmarks
MVA Margin, Competitors3
Freeport-McMoRan Inc. 178.51% 195.06% 210.68% 249.04% 57.35%

Based on: 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), 10-K (reporting date: 2019-12-31).

1 MVA. See details »

2 2023 Calculation
MVA margin = 100 × MVA ÷ Sales
= 100 × 9,185 ÷ 11,812 = 77.76%

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. Newmont Corp. MVA margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023.