WACC是加权平均资本成本。债务方面公司承担税后债务资本成本,权益方面公司承担权益资本成本,两者加权平均即...
在上面这个公式中,E代表market value of equity, 股权的市场价值,(注意注意是市场价值!)D代表market value of debt,债券的市场价值(注意这里也是市场价值!),Re代表cost of equity,股权资本成本,Rd代表cost of debt,债券资本成本,T代表corporate tax rate,公司税率。 公式中:第一个部分代表的就是公司的股权部分(e...
WACC = (E/V) * Re + (D/V) * Rd * (1 - Tc)其中,E表示企业的股权价值(Equity Value);V表示企业的总价值(Total Value),即E + D(股权价值加债务价值);Re表示股权的预期收益率(Cost of Equity);D表示企业的债务价值(Debt Value);Rd表示债务的预期收益率(Cost of Debt);Tc表示企业的税率(Tax ...
When the value of a firm's assets equals the value of its debt, then the firm iseconomicallyb...
wacc计算公式是:WACC=(E/V)×Re+(D/V)×Rd×(1-Tc)。即:加权平均资本成本=(公司股本的市场价值/股本占融资总额的百分比)×债务成本+(公司债务的市场价值/债务占融资总额的百分比)×债务成本×(1-企业税率)。Re=股本成本。Rd=债务成本。E=公司股本的市场价值。D=公司债务的市场价值。V...
Vd = total market value(ex-interest) of debt Ke = cost of equity in a geared company Kd = ...
Debt = market value of debt Equity = market value of equity rdebt= cost of debt requity= cost of equity WACC Calculation Example Before getting into the details of calculating WACC, let’s understand the basics of the reason to discount futurecashflows in the first place using a simple exa...
Cost of Debt: This is the effective interest rate that a company is paying for its debt. You also need to take taxes into account with this. So the formula would look like: The total value of financing: Here, you add the market value of equity + the market value of debt. Effe...
The value of equity is the value of the firm minus the value of debt. The value of debt is found by multiplying the target debt ratio by the total firm value: Debt value = 0.40($510,990.97) = $204,396.39 Therefore, equity value = $510,990.97 – $204,396.39 = $306,594.58 million...
Wps(weight of preferred stock):优先股权重 Wce(weight of common stock):普通股权重 注意,权重为市值加权,rd(rate of debt):债权融资成本,也就是利息(利率)rps(rate of preferred stock):优先股成本 rs(rate of stock):普通股成本 由于债权人的利息是在利润表中,EBIT之后,而所得税之前...