Intrinsic Value
Virtus Total Return Fund Inc. (ZTR)
$5.35
-0.03 (-0.56%)
| Enterprise Value | 501.33 |
|---|---|
| Net Debt | 184.91 |
| Equity Value | 316.42 |
| Shares Outstanding | 68.58 |
| Equity Value Per Share | 4.61 |
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