Intrinsic Value
Western Asset High Income Fund II I... (HIX)
$4.34
-0.01 (0.00%)
| Enterprise Value | 328.93 |
|---|---|
| Net Debt | 119.48 |
| Equity Value | 209.45 |
| Shares Outstanding | 64.76 |
| Equity Value Per Share | 3.23 |
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