Intrinsic Value
Advent Convertible and Income Fund (AVK)
$11.44
+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