Intrinsic Value
Virtus Convertible & Income Fund (NCV)
$3.12
-0.02 (-0.64%)
| Enterprise Value | -38.14 |
|---|---|
| Net Debt | 84.19 |
| Equity Value | -122.33 |
| Shares Outstanding | 90.37 |
| Equity Value Per Share | -1.35 |
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