Intrinsic Value

Canadian Natural Resources Limited (CNQ.TO)


+0.70 (+0.91%)

Enterprise Value 115,757.18
Net Debt 13,950
Equity Value 101,807.18
Shares Outstanding 1,186.56
Equity Value Per Share 85.80

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