Intrinsic Value
Mackinac Financial Corporation (MFNC)
$21.5
+0.12 (+0.56%)
| Enterprise Value | 389.11 |
|---|---|
| Net Debt | -158.34 |
| Equity Value | 547.45 |
| Shares Outstanding | 10.53 |
| Equity Value Per Share | 51.97 |
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