Question 1

What is PennyMac Mortgage Investment Trust's WACC?

Accepted Answer

PennyMac Mortgage Investment Trust (PMT) has a Weighted Average Cost of Capital (WACC) of 20.00%. This is calculated using a Cost of Equity of 8.63% (via CAPM with a beta of 1.00) and a pre-tax Cost of Debt of 38.54%, with an equity weight of 31.99% in the capital structure.

Question 2

Is PennyMac Mortgage Investment Trust's WACC high or low?

Accepted Answer

PennyMac Mortgage Investment Trust's WACC of 20.00% 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.

Question 3

How is PennyMac Mortgage Investment Trust's WACC calculated?

Accepted Answer

PennyMac Mortgage Investment Trust's WACC is calculated using the formula: WACC = (E/V × Re) + (D/V × Rd × (1-T)). The Cost of Equity (Re) of 8.63% is derived from the CAPM model using a beta of 1.00. The pre-tax Cost of Debt (Rd) is 38.54%. The capital structure is 31.99% equity and 68.01% debt.

PennyMac Mortgage Investment Trust (PMT) — WACC 分析

WACC 构成

解读

PennyMac Mortgage Investment Trust（PMT）WACC：20.00%

WACC计算器

PennyMac Mortgage Investment Trust（PMT） WACC 解读

PMT 公司分析

PMT DCF 估值

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