Question 1

What is Kinder Morgan, Inc.'s WACC?

Accepted Answer

Kinder Morgan, Inc. (KMI) has a Weighted Average Cost of Capital (WACC) of 5.58%. This is calculated using a Cost of Equity of 7.37% (via CAPM with a beta of 0.59) and a pre-tax Cost of Debt of 2.00%, with an equity weight of 69.00% in the capital structure.

Question 2

Is Kinder Morgan, Inc.'s WACC high or low?

Accepted Answer

Kinder Morgan, Inc.'s WACC of 5.58% 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 Kinder Morgan, Inc.'s WACC calculated?

Accepted Answer

Kinder Morgan, Inc.'s WACC is calculated using the formula: WACC = (E/V × Re) + (D/V × Rd × (1-T)). The Cost of Equity (Re) of 7.37% is derived from the CAPM model using a beta of 0.59. The pre-tax Cost of Debt (Rd) is 2.00%. The capital structure is 69.00% equity and 31.00% debt.

Kinder Morgan, Inc. (KMI) — WACC 分析

WACC 构成

解读

Kinder Morgan, Inc.（KMI）WACC：5.58%

WACC计算器

Kinder Morgan, Inc.（KMI） WACC 解读

KMI 公司分析

KMI DCF 估值

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