Intrinsic Value
Ares Dynamic Credit Allocation Fund... (ARDC)
$14.18
+0.14 (+1.00%)
| Enterprise Value | 136.92 |
|---|---|
| Net Debt | 153.29 |
| Equity Value | -16.38 |
| Shares Outstanding | 22.91 |
| Equity Value Per Share | -0.71 |
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