Value of a Company vs its Equity

“Projections of future financial performance over multiple periods are needed in valuation models that estimate the value of a company or its equity”

(Institute 699)

Institute, CFA. 2016 CFA Level I Volume 3 Financial Reporting and Analysis. CFA Institute, 07/2015. VitalBook file.

The citation provided is a guideline. Please check each citation for accuracy before use.

What is value of a company vs its equity? i.e. what is the value of a company? And what is the value of its equity? I guess value of its equity is simply share price times by number of shares outstanding i.e. market capitalisation?

The value of the company is the value of its assets.

The value of its equity is the value of its assets less the value of its liabilities.

Ah, simpler than I thought.

Music to my signature’s ears.