Intrinsic Value
John Hancock Preferred Income Fund ... (HPS)
$15.15
+0.05 (+0.33%)
| Enterprise Value | 183.81 |
|---|---|
| Net Debt | 274.30 |
| Equity Value | -90.49 |
| Shares Outstanding | 31.90 |
| Equity Value Per Share | -2.84 |
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