Q: What is First Commonwealth Financial Corporation's WACC?

First Commonwealth Financial Corporation (FCF) has a Weighted Average Cost of Capital (WACC) of 15.48%. This is calculated using a Cost of Equity of 8.49% (via CAPM with a beta of 1.00) and a pre-tax Cost of Debt of 84.25%, with an equity weight of 87.96% in the capital structure.

Q: Is First Commonwealth Financial Corporation's WACC high or low?

First Commonwealth Financial Corporation's WACC of 15.48% is above the typical range, indicating higher perceived risk and cost of capital. 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 First Commonwealth Financial Corporation's WACC calculated?

First Commonwealth Financial Corporation's WACC is calculated using the formula: WACC = (E/V × Re) + (D/V × Rd × (1-T)). The Cost of Equity (Re) of 8.49% is derived from the CAPM model using a beta of 1.00. The pre-tax Cost of Debt (Rd) is 84.25%. The capital structure is 87.96% equity and 12.04% debt.

Question 1

What is First Commonwealth Financial Corporation's WACC?

Accepted Answer

First Commonwealth Financial Corporation（FCF） WACC 解读

First Commonwealth Financial Corporation（FCF）当前估算的 WACC 为 15.48%。其中股权成本为 8.49%，税前债务成本为 84.25%，股权权重为 87.96%。这个折现率可以直接作为 DCF 估值和资本结构判断的起点。

处于相对较高区间，通常意味着资本成本更高、估值对折现率更敏感。

Question 2

Is First Commonwealth Financial Corporation's WACC high or low?

Accepted Answer

First Commonwealth Financial Corporation（FCF） WACC 解读

First Commonwealth Financial Corporation（FCF）当前估算的 WACC 为 15.48%。其中股权成本为 8.49%，税前债务成本为 84.25%，股权权重为 87.96%。这个折现率可以直接作为 DCF 估值和资本结构判断的起点。

处于相对较高区间，通常意味着资本成本更高、估值对折现率更敏感。

Question 3

How is First Commonwealth Financial Corporation's WACC calculated?

Accepted Answer

First Commonwealth Financial Corporation（FCF） WACC 解读

First Commonwealth Financial Corporation（FCF）当前估算的 WACC 为 15.48%。其中股权成本为 8.49%，税前债务成本为 84.25%，股权权重为 87.96%。这个折现率可以直接作为 DCF 估值和资本结构判断的起点。

处于相对较高区间，通常意味着资本成本更高、估值对折现率更敏感。

First Commonwealth Financial Corporation (FCF) — WACC 分析

WACC 构成

解读

First Commonwealth Financial Corporation（FCF）WACC：15.48%

WACC计算器

First Commonwealth Financial Corporation（FCF） WACC 解读

FCF 公司分析

FCF DCF 估值

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