Intrinsic Value

Art's-Way Manufacturing Co., Inc. (ARTW)

$1.95

-0.04 (-2.01%)

Enterprise Value -68.38
Net Debt 8.15
Equity Value -76.53
Shares Outstanding 5
Equity Value Per Share -15.30



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