Intrinsic Value
Lazard Ltd (LAZ)
$37.78
-0.05 (-0.13%)
| Enterprise Value | 3,055.71 |
|---|---|
| Net Debt | 1,169.98 |
| Equity Value | 1,885.72 |
| Shares Outstanding | 88.99 |
| Equity Value Per Share | 21.19 |
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