Intrinsic Value
Phillips 66 Partners LP (PSXP)
$42.01
+0.78 (+1.89%)
| Enterprise Value | 5,592.67 |
|---|---|
| Net Debt | 3,835 |
| Equity Value | 1,757.67 |
| Shares Outstanding | 230.25 |
| Equity Value Per Share | 7.63 |
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