Question 1

What is Philip Morris International Inc.'s WACC?

Accepted Answer

Philip Morris International Inc. (PM) has a Weighted Average Cost of Capital (WACC) of 6.25%. This is calculated using a Cost of Equity of 6.80% (via CAPM with a beta of 0.29) and a pre-tax Cost of Debt of 3.43%, with an equity weight of 86.48% in the capital structure.

Question 2

Is Philip Morris International Inc.'s WACC high or low?

Accepted Answer

Philip Morris International Inc.'s WACC of 6.25% 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 Philip Morris International Inc.'s WACC calculated?

Accepted Answer

Philip Morris International Inc.'s WACC is calculated using the formula: WACC = (E/V × Re) + (D/V × Rd × (1-T)). The Cost of Equity (Re) of 6.80% is derived from the CAPM model using a beta of 0.29. The pre-tax Cost of Debt (Rd) is 3.43%. The capital structure is 86.48% equity and 13.52% debt.

Philip Morris International Inc. (PM) — WACC 分析

WACC 构成

解读

Philip Morris International Inc.（PM）WACC：6.25%

WACC计算器

Philip Morris International Inc.（PM） WACC 解读

PM 公司分析

PM DCF 估值

继续做同行对比