Intrinsic Value

Nicolet Bankshares, Inc. (NCBS)

$75.35

+0.26 (+0.35%)

Enterprise Value 13,364.33
Net Debt -324.50
Equity Value 13,688.83
Shares Outstanding 15.07
Equity Value Per Share 908.32



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