Intrinsic Value
Apollo Investment Corporation (AINV)
$13.65
+0.08 (+0.59%)
| Enterprise Value | 247.40 |
|---|---|
| Net Debt | 1,520.01 |
| Equity Value | -1,272.61 |
| Shares Outstanding | 64.52 |
| Equity Value Per Share | -19.73 |
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