Intrinsic Value

Philip Morris International Inc. (PM)


+1.84 (+1.80%)

Enterprise Value 200,374.32
Net Debt 23,310
Equity Value 177,064.32
Shares Outstanding 1,557
Equity Value Per Share 113.72

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