Q: What is First Financial Corporation Common Stock's WACC?

First Financial Corporation Common Stock (THFF) has a Weighted Average Cost of Capital (WACC) of 13.29%. This is calculated using a Cost of Equity of 8.85% (via CAPM with a beta of 1.00) and a pre-tax Cost of Debt of 41.04%, with an equity weight of 81.14% in the capital structure.

Q: Is First Financial Corporation Common Stock's WACC high or low?

First Financial Corporation Common Stock's WACC of 13.29% 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.

Q: How is First Financial Corporation Common Stock's WACC calculated?

First Financial Corporation Common Stock's WACC is calculated using the formula: WACC = (E/V × Re) + (D/V × Rd × (1-T)). The Cost of Equity (Re) of 8.85% is derived from the CAPM model using a beta of 1.00. The pre-tax Cost of Debt (Rd) is 41.04%. The capital structure is 81.14% equity and 18.86% debt.

Question 1

What is First Financial Corporation Common Stock's WACC?

Accepted Answer

First Financial Corporation Common Stock（THFF） WACC 解读

First Financial Corporation Common Stock（THFF）当前估算的 WACC 为 13.29%。其中股权成本为 8.85%，税前债务成本为 41.04%，股权权重为 81.14%。这个折现率可以直接作为 DCF 估值和资本结构判断的起点。

处于相对较高区间，通常意味着资本成本更高、估值对折现率更敏感。

Question 2

Is First Financial Corporation Common Stock's WACC high or low?

Accepted Answer

First Financial Corporation Common Stock（THFF） WACC 解读

First Financial Corporation Common Stock（THFF）当前估算的 WACC 为 13.29%。其中股权成本为 8.85%，税前债务成本为 41.04%，股权权重为 81.14%。这个折现率可以直接作为 DCF 估值和资本结构判断的起点。

处于相对较高区间，通常意味着资本成本更高、估值对折现率更敏感。

Question 3

How is First Financial Corporation Common Stock's WACC calculated?

Accepted Answer

First Financial Corporation Common Stock（THFF） WACC 解读

First Financial Corporation Common Stock（THFF）当前估算的 WACC 为 13.29%。其中股权成本为 8.85%，税前债务成本为 41.04%，股权权重为 81.14%。这个折现率可以直接作为 DCF 估值和资本结构判断的起点。

处于相对较高区间，通常意味着资本成本更高、估值对折现率更敏感。

First Financial Corporation Common Stock (THFF) — WACC 分析

WACC 构成

解读

First Financial Corporation Common Stock（THFF）WACC：13.29%

WACC计算器

First Financial Corporation Common Stock（THFF） WACC 解读

THFF 公司分析

THFF DCF 估值

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