Intrinsic Value
Voya Financial, Inc. (VOYA)
$70.55
+2.39 (+3.51%)
| Enterprise Value | -23,583.62 |
|---|---|
| Net Debt | 3,510 |
| Equity Value | -27,093.62 |
| Shares Outstanding | 108.80 |
| Equity Value Per Share | -249.02 |
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