Intrinsic Value

Canadian Natural Resources Limited (CNQ.TO)

$106.52

+0.84 (+0.79%)

Enterprise Value 157,879.80
Net Debt 11,477
Equity Value 146,402.80
Shares Outstanding 1,102.12
Equity Value Per Share 132.84



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