Intrinsic Value
RiverNorth Opportunities Fund, Inc. (RIV)
$12.04
+0.08 (+0.67%)
Enterprise Value | -4,846,505,833.93 |
---|---|
Net Debt | 40.82 |
Equity Value | -4,846,505,874.76 |
Shares Outstanding | 21.45 |
Equity Value Per Share | -225,910,901.33 |
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