Intrinsic Value
Hovnanian Enterprises, Inc. (HOV)
$128.5
-4.22 (-3.18%)
| Enterprise Value | 3,691.52 |
|---|---|
| Net Debt | 708.91 |
| Equity Value | 2,982.61 |
| Shares Outstanding | 6.67 |
| Equity Value Per Share | 447.44 |
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