Intrinsic Value
Hallmark Financial Services, Inc. (HALL)
$0.65
-0.03 (-4.20%)
| Enterprise Value | 572.26 |
|---|---|
| Net Debt | 46.23 |
| Equity Value | 526.03 |
| Shares Outstanding | 181.65 |
| Equity Value Per Share | 2.90 |
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