Intrinsic Value
Automatic Data Processing, Inc. (ADP)
$241.89
-0.14 (-0.06%)
| Enterprise Value | 23,775.07 |
|---|---|
| Net Debt | 1,255.40 |
| Equity Value | 22,519.67 |
| Shares Outstanding | 415.70 |
| Equity Value Per Share | 54.17 |
Because investors are more interested in the value of the company’s shares alone, we’ll deduct net debt from this value to arrive at a fair value of the company’s equity. Fair Value = Enterprise Value – Debt