Intrinsic Value

Great Ajax Corp. 7.25 CV SR NT 24 (AJXA)

$24.91

+0.08 (+0.34%)

Enterprise Value 838.15
Net Debt 944.48
Equity Value -106.33
Shares Outstanding 24.29
Equity Value Per Share -4.38



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