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 9.40%. This is calculated using a Cost of Equity of 8.85% (via CAPM with a beta of 1.00) and a pre-tax Cost of Debt of 9.89%, with an equity weight of 46.83% in the capital structure.

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

Apartment Investment and Management Company's WACC of 9.40% falls within the typical 8-12% range for mid-cap growth companies. 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 8.85% is derived from the CAPM model using a beta of 1.00. The pre-tax Cost of Debt (Rd) is 9.89%. The capital structure is 46.83% equity and 53.17% 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 9.40%。其中股权成本为 8.85%，税前债务成本为 9.89%，股权权重为 46.83%。这个折现率可以直接作为 DCF 估值和资本结构判断的起点。

处于常见区间，适合作为成熟公司 DCF 假设的基准参考。

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 9.40%。其中股权成本为 8.85%，税前债务成本为 9.89%，股权权重为 46.83%。这个折现率可以直接作为 DCF 估值和资本结构判断的起点。

处于常见区间，适合作为成熟公司 DCF 假设的基准参考。

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 9.40%。其中股权成本为 8.85%，税前债务成本为 9.89%，股权权重为 46.83%。这个折现率可以直接作为 DCF 估值和资本结构判断的起点。

处于常见区间，适合作为成熟公司 DCF 假设的基准参考。

Apartment Investment and Management Company (AIV) — WACC 分析

WACC 构成

解读

Apartment Investment and Management Company（AIV）WACC：9.40%

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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