Intrinsic Value
Virtus Convertible & Income Fund II (NCZ)
$2.701
-0.03 (-1.06%)
| Enterprise Value | 4.15 |
|---|---|
| Net Debt | 14.54 |
| Equity Value | -10.39 |
| Shares Outstanding | 13.90 |
| Equity Value Per Share | -0.75 |
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