Intrinsic Value

Shell Midstream Partners, L.P. (SHLX)

$15.81

-0.04 (-0.25%)

Enterprise Value 10,885.85
Net Debt 2,358
Equity Value 8,527.85
Shares Outstanding 444.10
Equity Value Per Share 19.20



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