Intrinsic Value
Reaves Utility Income Fund (UTG)
$25.815
+0.12 (+0.45%)
| Enterprise Value | 275.76 |
|---|---|
| Net Debt | 519.01 |
| Equity Value | -243.24 |
| Shares Outstanding | 71.62 |
| Equity Value Per Share | -3.40 |
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