Intrinsic Value

Multitude SE (FRU.DE)

4.05 €

+0.05 (+1.25%)

Enterprise Value 138.75
Net Debt -158.08
Equity Value 296.83
Shares Outstanding 21.58
Equity Value Per Share 13.76



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