Intrinsic Value

MarketAxess Holdings Inc.

MarketAxess Holdings Inc. (MKTX)

Financial Services

Enterprise Value -859,317.00
Net Debt -484.72
Equity Value -858,832.28
Shares Outstanding 37.85
Equity Value Per Share -22,687.42

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