Intrinsic Value
Horizon Bancorp, Inc. (HBNC)
$11.8
+0.38 (+3.33%)
| Enterprise Value | 8,031.93 |
|---|---|
| Net Debt | 937.13 |
| Equity Value | 7,094.80 |
| Shares Outstanding | 43.84 |
| Equity Value Per Share | 161.82 |
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