Intrinsic Value

The Howard Hughes Corporation

The Howard Hughes Corporation (HHC)

Real Estate

Enterprise Value 14,570.05
Net Debt -343,636.23
Equity Value 358,206.28
Shares Outstanding 43.03
Equity Value Per Share 8,324.53

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