Intrinsic Value

Evans Bancorp, Inc. (EVBN)

$29.86

+0.56 (+1.91%)

Enterprise Value 2,220.40
Net Debt 166.37
Equity Value 2,054.03
Shares Outstanding 5.47
Equity Value Per Share 375.44



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