Intrinsic Value
Phoenix New Media Limited (FENG)
$1.74
-0.04 (-2.25%)
| Enterprise Value | -1,657.46 |
|---|---|
| Net Debt | -477.88 |
| Equity Value | -1,179.58 |
| Shares Outstanding | 12.13 |
| Equity Value Per Share | -97.24 |
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