Intrinsic Value
MainStay MacKay DefinedTerm Municip... (MMD)
$16.11
+0.03 (+0.19%)
| Enterprise Value | -626.19 |
|---|---|
| Net Debt | 254.36 |
| Equity Value | -880.56 |
| Shares Outstanding | 27.91 |
| Equity Value Per Share | -31.55 |
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