Q: What is Apartment Investment and Management Company's WACC?

Apartment Investment and Management Company (AIV) has a Weighted Average Cost of Capital (WACC) of 7.09%. This is calculated using a Cost of Equity of 8.10% (via CAPM with a beta of 0.86) and a pre-tax Cost of Debt of 6.54%, with an equity weight of 35.52% in the capital structure.

Q: Is Apartment Investment and Management Company's WACC high or low?

Apartment Investment and Management Company's WACC of 7.09% is below the typical range of 8-12% for most companies, indicating relatively low cost of capital and lower risk. WACC is used as the discount rate in DCF valuations — a lower WACC results in higher present values of future cash flows.

Q: How is Apartment Investment and Management Company's WACC calculated?

Apartment Investment and Management Company's WACC is calculated using the formula: WACC = (E/V × Re) + (D/V × Rd × (1-T)). The Cost of Equity (Re) of 8.10% is derived from the CAPM model using a beta of 0.86. The pre-tax Cost of Debt (Rd) is 6.54%. The capital structure is 35.52% equity and 64.48% debt.

Question 1

What is Apartment Investment and Management Company's WACC?

Accepted Answer

Apartment Investment and Management Company（AIV） WACC 解读

Apartment Investment and Management Company（AIV）当前估算的 WACC 为 7.09%。其中股权成本为 8.10%，税前债务成本为 6.54%，股权权重为 35.52%。这个折现率可以直接作为 DCF 估值和资本结构判断的起点。

处于相对较低区间，通常意味着资本成本较低、估值折现压力更小。

Question 2

Is Apartment Investment and Management Company's WACC high or low?

Accepted Answer

Apartment Investment and Management Company（AIV） WACC 解读

Apartment Investment and Management Company（AIV）当前估算的 WACC 为 7.09%。其中股权成本为 8.10%，税前债务成本为 6.54%，股权权重为 35.52%。这个折现率可以直接作为 DCF 估值和资本结构判断的起点。

处于相对较低区间，通常意味着资本成本较低、估值折现压力更小。

Question 3

How is Apartment Investment and Management Company's WACC calculated?

Accepted Answer

Apartment Investment and Management Company（AIV） WACC 解读

Apartment Investment and Management Company（AIV）当前估算的 WACC 为 7.09%。其中股权成本为 8.10%，税前债务成本为 6.54%，股权权重为 35.52%。这个折现率可以直接作为 DCF 估值和资本结构判断的起点。

处于相对较低区间，通常意味着资本成本较低、估值折现压力更小。

Apartment Investment and Management Company (AIV) — WACC 分析

WACC 构成

解读

Apartment Investment and Management Company（AIV）WACC：7.09%

WACC计算器

Apartment Investment and Management Company（AIV） WACC 解读

AIV 公司分析

AIV DCF 估值

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