Intrinsic Value
Royce Micro-Cap Trust, Inc. (RMT)
$9.31
+0.11 (+1.20%)
Enterprise Value | 125.68 |
---|---|
Net Debt | 1.90 |
Equity Value | 123.78 |
Shares Outstanding | 48.92 |
Equity Value Per Share | 2.53 |
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