Question 1

What is Fidelity National Financial, Inc.'s WACC?

Accepted Answer

Fidelity National Financial, Inc. (FNF) has a Weighted Average Cost of Capital (WACC) of 7.82%. This is calculated using a Cost of Equity of 8.91% (via CAPM with a beta of 1.00) and a pre-tax Cost of Debt of 5.52%, with an equity weight of 75.93% in the capital structure.

Question 2

Is Fidelity National Financial, Inc.'s WACC high or low?

Accepted Answer

Fidelity National Financial, Inc.'s WACC of 7.82% 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.

Question 3

How is Fidelity National Financial, Inc.'s WACC calculated?

Accepted Answer

Fidelity National Financial, Inc.'s WACC is calculated using the formula: WACC = (E/V × Re) + (D/V × Rd × (1-T)). The Cost of Equity (Re) of 8.91% is derived from the CAPM model using a beta of 1.00. The pre-tax Cost of Debt (Rd) is 5.52%. The capital structure is 75.93% equity and 24.07% debt.

Fidelity National Financial, Inc. (FNF) — WACC 分析

WACC 构成

解读

Fidelity National Financial, Inc.（FNF）WACC：7.82%

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Fidelity National Financial, Inc.（FNF） WACC 解读

FNF 公司分析

FNF DCF 估值

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