Intrinsic Value
Advent Convertible and Income Fund (AVK)
$11.57
+0.08 (+0.70%)
| Enterprise Value | -77.75 |
|---|---|
| Net Debt | 348.45 |
| Equity Value | -426.20 |
| Shares Outstanding | 34.59 |
| Equity Value Per Share | -12.32 |
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