Intrinsic Value
Hennessy Advisors, Inc. (HNNA)
$7.06
+0.24 (+3.52%)
| Enterprise Value | 68.68 |
|---|---|
| Net Debt | -21.03 |
| Equity Value | 89.71 |
| Shares Outstanding | 7.60 |
| Equity Value Per Share | 11.80 |
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