WACC, orWeighted Average Cost of Capital, is a financial metric used to measure the cost of capital to a firm. It is most usually used to provide a discount rate for a financed project, because the cost of financing the capital is a fairly logical price tag to put on the investment.WACCis used to determine the discount rate used in aDCFvaluation model.
The two main sources a company has to raise money are equity and debt.WACCis the average of the costs of these two sources of finance, and gives each one the appropriate weighting.
Using a weighted average cost of capital allows the firm to calculate the exact cost of financing any project.
WACC Formula
The formula for如何计算WACC似乎很复杂，但实际上很简单：
- (Percentage of finance that is equity x Cost of Equity) + (Percentage of finance that is debt x Cost of Debt) x (1 – Tax Rate)
To learn more about this concept and become a master at DCF modeling, you should check out our DCF Modeling Course.Learn more here.
To learn more about this concept and become a master at valuation modeling, you should check out our Valuation Modeling Course.Learn more here.
模块1：简介
模块2：估值：大局
模块3：企业价值和权益价值实践
Module 4: Trading Comparables Introduction
Module 5: Trading Comps: The Setup
Module 6: Trading Comps: Spreading Nike (NKE)
模块7：交易补偿：传播adidas（ads.de）
模块8：交易补偿：传播Lululemon（Lulu）
Module 9: Trading Comps: Spreading Under Armour (UA)
模块10：交易补偿：基准测试和输出
模块11：先例交易：简介
模块12：先例：设置
Module 13: Spreading Tiffany & LVMH
Module 14: Spreading FitBit & Google
模块15：扩散锐步和阿迪达斯
模块16：传播吉米·乔和迈克尔·科尔斯
模块17：散布迪基和VF
模块18：估值总结
Module 19: Bonus: Non-GAAP Practice
Related Terms
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