Intrinsic Value
CMS Energy Corporation 5.6% JRSUB N... (CMSA)
$23.59
+0.26 (+1.11%)
| Enterprise Value | -46,546.56 |
|---|---|
| Net Debt | 15,416 |
| Equity Value | -61,962.56 |
| Shares Outstanding | 291.70 |
| Equity Value Per Share | -212.42 |
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