Intrinsic Value
CIT Group Inc. (CIT)
$53.5
+2.16 (+4.21%)
| Enterprise Value | -15,444.21 |
|---|---|
| Net Debt | 2,119.80 |
| Equity Value | -17,564.01 |
| Shares Outstanding | 98.41 |
| Equity Value Per Share | -178.49 |
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