Question 1

What is WACC?

Accepted Answer

WACC (Weighted Average Cost of Capital) is the average rate a company pays to finance its assets, weighted by the proportion of debt and equity in its capital structure. It represents the minimum return a company must earn on its existing asset base to satisfy its creditors, owners, and other providers of capital.

Question 2

How do you calculate WACC?

Accepted Answer

WACC is calculated as: WACC = (E/V × Re) + (D/V × Rd × (1-T)), where E is the market value of equity, D is the market value of debt, V is total value (E+D), Re is cost of equity (typically from CAPM), Rd is cost of debt, and T is the corporate tax rate.

Question 3

What is a good WACC?

Accepted Answer

WACC varies significantly by industry and company risk profile. Typical ranges are 6-8% for stable blue-chip companies, 8-12% for mid-cap growth companies, and 12%+ for high-risk or early-stage companies. Lower WACC indicates cheaper capital and generally results in higher DCF valuations.

SMH（SMH）WACC 计算器

WACC计算器

SMH WACC 解读

SMH 公司分析

SMH DCF 估值

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