Intrinsic Value
Cowen Inc. - 7.75% Senior Notes (COWNL)
$25.22
0.00 (0.00%)
| Enterprise Value | 950.77 |
|---|---|
| Net Debt | -434.27 |
| Equity Value | 1,385.04 |
| Shares Outstanding | 28.60 |
| Equity Value Per Share | 48.43 |
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