Intrinsic Value

AutoNation Inc.

AutoNation Inc. (AN)

Consumer Cyclical

Enterprise Value 16,886.64
Net Debt 1,876.95
Equity Value 15,009.68
Shares Outstanding 90.90
Equity Value Per Share 165.12

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