Intrinsic Value
Churchill Downs Incorporated (CHDN)
$123.5
+2.76 (+2.29%)
| Enterprise Value | 12,618.39 |
|---|---|
| Net Debt | 4,691.80 |
| Equity Value | 7,926.59 |
| Shares Outstanding | 76.10 |
| Equity Value Per Share | 104.16 |
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