What is the Intrinsic Value of JCPenny's (show working)

There are many different methods for valuing a company and looking at a basket of different methods will increase the chances of arriving at the most reasonable valuation. The valuation process is never exact because it involves estimates Determine JCPennys market value and intrinsic value? Show workins

Intrinsic value is an umbrella term with useful meanings in several areas. An analyst or investor may estimate the value of an investment, asset, project, or a company finding its intrinsic value through the use of fundamental and technical analysis. If they are calculating the intrinsic value of a company or the value of its stock price, there are a couple of ways of approaching it.

Intrinsic value can be calculated using fundamental analysis to look at aspects of a business that include both qualitativesuch as business model, governance, and target market factorsand quantitativesuch as financial ratios and financial statement analysis. The resulting value is compared to the market value to determine whether the business or asset is over- or undervalued.

The secernio relates to a project where Khols acquires JCPENNY'S and I need to determine JCPENNY'S intrinsic value

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions		May 04, 2019	Feb. 02, 2019	May 05, 2018
Current assets:
Cash in banks and in transit		$ 160	$ 109	$ 170
Cash short-term investments		11	224	11
Cash and cash equivalents		171	333	181
Merchandise inventory		2,477	2,437	2,948
Prepaid expenses and other		287	189	223
Total current assets		2,935	2,959	3,352
Property and equipment (net of accumulated depreciation of $3,339, $3,556 and $3,425)		3,669	3,938	4,200
Operating lease assets		917	0	0
Prepaid pension		156	147	74
Other assets		665	677	679
Total Assets		8,342	7,721	8,305
Current liabilities:
Merchandise accounts payable		842	847	933
Other accounts payable and accrued expenses		925	995	957
Current operating lease liabilities		84	0	0
Current portion of finance leases and note payable		2	8	7
Current maturities of long-term debt		92	92	42
Total current liabilities		1,945	1,942	1,939
Operating Lease, Liability, Noncurrent		1,082	0	0
Long-term finance leases and note payable		1	204	210
Long-term debt		3,826	3,716	4,142
Deferred taxes		119	131	142
Other liabilities		335	558	557
Total Liabilities		7,308	6,551	6,990
Stockholders Equity
Common stock	[1]	158	158	157
Additional paid-in capital		4,715	4,713	4,708
Reinvested earnings/(accumulated deficit)		(3,553)	(3,373)	(3,196)
Accumulated other comprehensive income/(loss)		(286)	(328)	(354)
Total Stockholders Equity		1,034	1,170	1,315
Total Liabilities and Stockholders Equity		$ 8,342	$ 7,721	$ 8,305