Intrinsic Value
Reliance Steel & Aluminum Co. (RS)
$295.3
+3.17 (+1.09%)
| Enterprise Value | 21,129.16 |
|---|---|
| Net Debt | 297.10 |
| Equity Value | 20,832.06 |
| Shares Outstanding | 59.02 |
| Equity Value Per Share | 353.00 |
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