Intrinsic Value
Independence Contract Drilling, Inc... (ICD)
$1.888
+0.04 (+2.05%)
| Enterprise Value | -139.84 |
|---|---|
| Net Debt | 152.52 |
| Equity Value | -292.36 |
| Shares Outstanding | 14.01 |
| Equity Value Per Share | -20.87 |
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