Intrinsic Value
Mitek Systems, Inc. (MITK)
$12.18
+0.20 (+1.67%)
| Enterprise Value | 824.45 |
|---|---|
| Net Debt | 81.37 |
| Equity Value | 743.08 |
| Shares Outstanding | 46.46 |
| Equity Value Per Share | 15.99 |
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