Intrinsic Value
Morningstar, Inc. (MORN)
$187.88
+4.17 (+2.27%)
| Enterprise Value | 7,949.02 |
|---|---|
| Net Debt | 947 |
| Equity Value | 7,002.02 |
| Shares Outstanding | 42.90 |
| Equity Value Per Share | 163.22 |
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