Intrinsic Value
Delaware Investments National Munic... (VFL)
$9.91
+0.03 (+0.30%)
| Enterprise Value | -113,575,478.19 |
|---|---|
| Net Debt | 99.29 |
| Equity Value | -113,575,577.48 |
| Shares Outstanding | 12.28 |
| Equity Value Per Share | -9,250,329.84 |
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