Intrinsic Value
Mercantile Bank Corporation (MBWM)
$36.19
-0.30 (-0.82%)
| Enterprise Value | 5,427.20 |
|---|---|
| Net Debt | 709.42 |
| Equity Value | 4,717.78 |
| Shares Outstanding | 16.02 |
| Equity Value Per Share | 294.57 |
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