Intrinsic Value
PIMCO High Income Fund (PHK)
$4.79
+0.07 (+1.48%)
| Enterprise Value | -434.71 |
|---|---|
| Net Debt | 79.64 |
| Equity Value | -514.34 |
| Shares Outstanding | 133.02 |
| Equity Value Per Share | -3.87 |
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