Intrinsic Value
MarketAxess Holdings Inc. (MKTX)
$391.06
+1.29 (+0.33%)
| Enterprise Value | 8,651.22 |
|---|---|
| Net Debt | -348.07 |
| Equity Value | 8,999.29 |
| Shares Outstanding | 37.64 |
| Equity Value Per Share | 239.07 |
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