Intrinsic Value
PNM Resources, Inc. (PNM)
$37.695
+0.30 (+0.82%)
| Enterprise Value | -16,222.71 |
|---|---|
| Net Debt | 4,960.76 |
| Equity Value | -21,183.47 |
| Shares Outstanding | 86.37 |
| Equity Value Per Share | -245.27 |
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