Intrinsic Value
Canadian Imperial Bank of Commerce (CM)
$47.82
+0.42 (+0.89%)
| Enterprise Value | 291,223.93 |
|---|---|
| Net Debt | 131,330 |
| Equity Value | 159,893.93 |
| Shares Outstanding | 916.22 |
| Equity Value Per Share | 174.51 |
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