Intrinsic Value

MarketAxess Holdings Inc.

MarketAxess Holdings Inc. (MKTX)

Financial Services

Enterprise Value -850,871.75
Net Debt -486.42
Equity Value -850,385.33
Shares Outstanding 36.96
Equity Value Per Share -23,009.51

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