Intrinsic Value
First Trust Senior Floating Rate In... (FCT)
$10.31
+0.06 (+0.59%)
| Enterprise Value | -2,249.06 |
|---|---|
| Net Debt | 42.55 |
| Equity Value | -2,291.61 |
| Shares Outstanding | 25.98 |
| Equity Value Per Share | -88.20 |
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