Intrinsic Value
Tortoise Midstream Energy Fund, Inc... (NTG)
$38.3
+0.65 (+1.73%)
Enterprise Value | 309.25 |
---|---|
Net Debt | 39.73 |
Equity Value | 269.52 |
Shares Outstanding | 5.09 |
Equity Value Per Share | 52.92 |
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