Intrinsic Value
Independent Bank Corporation (IBCP)
$24.99
-0.18 (-0.72%)
| Enterprise Value | 2,459.20 |
|---|---|
| Net Debt | -35.40 |
| Equity Value | 2,494.60 |
| Shares Outstanding | 21.17 |
| Equity Value Per Share | 117.84 |
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