Intrinsic Value

MainStay MacKay DefinedTerm Municip... (MMD)

$15.79

-0.10 (-0.63%)

Enterprise Value 132,002.32
Net Debt 329.51
Equity Value 131,672.81
Shares Outstanding 27.77
Equity Value Per Share 4,742.14



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