Intrinsic Value
Horace Mann Educators Corporation (HMN)
$37.22
+0.40 (+1.09%)
| Enterprise Value | 2,391.78 |
|---|---|
| Net Debt | 516.30 |
| Equity Value | 1,875.48 |
| Shares Outstanding | 41.30 |
| Equity Value Per Share | 45.41 |
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