Question 1

What is SPDR Gold Trust, SPDR Gold Shares's WACC?

Accepted Answer

SPDR Gold Trust, SPDR Gold Shares (GLD) has a Weighted Average Cost of Capital (WACC) of 6.54%. This is calculated using a Cost of Equity of 6.54% (via CAPM with a beta of 0.16) and a pre-tax Cost of Debt of 5.00%, with an equity weight of 100.00% in the capital structure.

Question 2

Is SPDR Gold Trust, SPDR Gold Shares's WACC high or low?

Accepted Answer

SPDR Gold Trust, SPDR Gold Shares's WACC of 6.54% 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 SPDR Gold Trust, SPDR Gold Shares's WACC calculated?

Accepted Answer

SPDR Gold Trust, SPDR Gold Shares's WACC is calculated using the formula: WACC = (E/V × Re) + (D/V × Rd × (1-T)). The Cost of Equity (Re) of 6.54% is derived from the CAPM model using a beta of 0.16. The pre-tax Cost of Debt (Rd) is 5.00%. The capital structure is 100.00% equity and 0.00% debt.

SPDR Gold Trust, SPDR Gold Shares (GLD) — WACC 分析

WACC 构成

解读

SPDR Gold Trust, SPDR Gold Shares（GLD）WACC：6.54%

WACC计算器

SPDR Gold Trust, SPDR Gold Shares（GLD） WACC 解读

GLD 公司分析

GLD DCF 估值

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