Intrinsic Value

Hennessy Advisors, Inc. (HNNA)


-0.22 (-2.43%)

Enterprise Value 103.60
Net Debt -14.83
Equity Value 118.44
Shares Outstanding 7.41
Equity Value Per Share 15.99

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