Calculating Equity Value per Share

An unlevered DCF valuation will derive the implied enterprise value of a business, but many times we want to know the equity value per share. Please select the appropriate steps in calculating the equity value per share from an unlevered DCF.

A) Equity Value per Share = Enterprise Value plus Net Debt, all divided by diluted shares outstanding

B) Equity Value per Share = Enterprise Value minus Debt plus Cash, all divided by diluted shares outstanding

C) Equity Value per Share = Enterprise Value minus Cash plus Debt, all divided by diluted shares outstanding

D) Equity Value per Share = An unlevered DCF discounted at the cost of equity will return equity value, then divide by diluted shares outstanding