Sunlands Technology Group, American Depositary Shares, American Depositary Shares, every two (2) ADSs representing one (1) Class A Ordinary Share（STG）WACC：8.85%

Sunlands Technology Group, American Depositary Shares, American Depositary Shares, every two (2) ADSs representing one (1) Class A Ordinary Share（STG） WACC 解读

Sunlands Technology Group, American Depositary Shares, American Depositary Shares, every two (2) ADSs representing one (1) Class A Ordinary Share（STG） 当前估算的 WACC 为 8.85%。其中股权成本为 8.85%，税前债务成本为 5.00%，股权权重为 100.00%。这个折现率可以直接作为 DCF 估值和资本结构判断的起点。

处于常见区间，适合作为成熟公司 DCF 假设的基准参考。