Intrinsic Value
CMS Energy Corporation 5.875% J (CMSD)
$24.775
+0.38 (+1.54%)
| Enterprise Value | -45,562.98 |
|---|---|
| Net Debt | 15,416 |
| Equity Value | -60,978.98 |
| Shares Outstanding | 291.70 |
| Equity Value Per Share | -209.05 |
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