Intrinsic Value

Advent Convertible and Income Fund (AVK)


+0.22 (+1.96%)

Enterprise Value 56.59
Net Debt 323.37
Equity Value -266.78
Shares Outstanding 34.53
Equity Value Per Share -7.73

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