- published: 11 Feb 2014
- views: 114698
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This video explains the concept of WACC (the Weighted Average Cost of Capital). An example is provided to demonstrate how to calculate WACC.
Education Unlocked is your source for business and financial education.
To view the entire video library for free, visit http://www.EducationUnlocked.org/
To like us on Facebook, visit https://www.facebook.com/EducationUnlocked123
Education Unlocked is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD.
The goal of Michael's life is to increase access to education so all people can achieve their dreams.
To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com/
OMG I'm SHOCKED so easy clicked here http://mbabullshit.com/blog/2011/08/06/wacc-weighted-average-cost-of-capital-how-to-calculate-wacc/ for Weighted Average Cost of Capital or WACC.
Cost of capital arises from either cost of debt or cost of equity.
It is necessary to discover your cost of capital to make certain you are able to relate it to the rate of return of your business or task. The rate of return of your enterprise or undertaking should be equal to or higher than your cost of capital; so that your venture or task can break-even or raise a profit.
If the capital applied for your business comes from borrowing from the financial institution at, say, 5% interest rate, then your cost of capital is 5%. If the capital used for your business is supplied by the private funding of your pal Harry who demands a 10% return on equity, then your cost of capital is 10%. Relatively easy!
The difficulty is this: What if the capital of your business comes from a blend of both loaning from the bank and the personal capital of your pal Harry? What will be your cost now? Shall it be 5% (akin to the bank's interest rate) or will it be 10% (similar to Harry's expected return)?
I'm pretty sure you can by now judge that logically, it would be something around the 5% and 10%!
Thus, what number precisely? It goes without saying, you find it hard to plainly presume it. You need a formula which will provide you the particular percentage in between 5% and 10%. At this point the WACC Formula comes in. It in basic terms and easily provides you an exact percentage immediately after considering a) the cost of debt, b) the cost of equity, c) the extent (or "weight") of your capital which is supplied by debt, d) the balance (or "weight") of your capital which arises from equity, and e) the commercial tax rate in your geographical region.
In the event that the WACC formula connects these factors jointly, it will yield you the percent amount in between 5% and 10% that you're in search of... and you'll discover your "precise" cost of capital established on the distinctive proportions or "weights" of how much of your capital comes from either debt or equity. Simplified, the formula looks like this:
WACC = (Debt Proportion)(Cost of Debt %)(1 - tax rate %) (Equity Proportion)(Cost of Equity %)
Individuals who find it challenging to employ mathematical symbols from sheer written representations can readily find out how they are applied detailed "in action" on quite a few internet based tutoring video websites and sites like YouTube. However, for industrialists and general managers, knowing the detailed operation might not be needed as a consequence of today's large number of cost free online calculators on the internet as well as calculator functions on new scientific calculators or even smartphone apps; which let owners to electronically and instantly come across solutions with the push of a switch. http://www.youtube.com/watch?v=JKJglPkAJ5o
- published: 08 Mar 2010
- views: 342721
omg I'm SHOCKED so easy clicked here http://mbabullshit.com/ for Weighted Average Cost of Capital or WACC...
If You Like My Free Videos, Support Me at https://www.patreon.com/MBAbull
Let's say you need money to do business... this is called capital. However, where do you get this capital? You get it from either the owners' money (equity) or you get it from borrowing from the bank or other sources (debt). http://www.youtube.com/watch?v=Wz6Dwbp2XiI If your capital is borrowed from the bank, does this have a cost?
Yes! It's the interest on your loan. So if the interest rate is 5%, then your cost of capital is also 5%. But if your capital comes from investors instead of a bank loan, does this have a cost?
Yes! It's the expected return of your investors. If investors are expecting a 10% average return by investing with you, then your cost of capital is 10%. It's called a "weighted" average because it gives more "weight" or importance to either your borrowed capital or your investors' money, whichever is greater. Now here comes our problem...
What if part of your capital comes from bank borrowing at 5%, and another part of your capital comes from investors expecting 10%?
Is your cost of capital 5% like the bank loan or 10% like the investors' expected return?
Of course, it's something in between... but not exactly in between because you might have more of one than the other.
Check out my free video and also download my free WACC cheat-sheet at MBAbullshit.com . See ya there! (Note, we are different from Investopedia)
- published: 28 Mar 2013
- views: 230744
Hi Guys,
this video will teach you a simple example how to calculate the WACC
Weighted Average Cost of Capital
Thanks for learning
www.i-hate-math.com
- published: 31 Jul 2012
- views: 100475
In this WACC and Cost of Equity tutorial, you'll learn how changes to assumptions in a DCF impact variables like the Cost of Equity, Cost of Debt.
By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers"
You'll also learn about WACC (Weighted Average Cost of Capital) - and why it is not always so straightforward to answer these questions in interviews.
Table of Contents:
2:22 Why Everything is Interrelated
4:22 Summary of Factors That Impact a DCF
6:37 Changes to Debt Percentages in the Capital Structure
11:38 The Risk-Free Rate, Equity Risk Premium, and Beta
12:49 The Tax Rate
14:55 Recap and Summary
Why Do WACC, the Cost of Equity, and the Cost of Debt Matter?
This is a VERY common interview question:
"If a company goes from 10% debt to 30% debt, does its WACC increase or decrease?"
"What if the Risk-Free Rate changes? How is everything else impacted?"
"What if the company is bigger / smaller?"
Plus, you need to use these concepts on the job all the time when valuing companies… these "costs" represent your
opportunity cost from investing in a specific company, and you use them to evaluate that company's cash flows and determine
how much the company is worth to you.
EX: If you can get a 10% yield by investing in other, similar companies in this market, you'd evaluate this company's cash flows against that 10% "discount rate"…
…and if this company's debt, tax rate, or overall size changes, you better know how the discount rate also changes! It could easily change the company's value to you, the investor.
The Most Important Concept…
Everything is interrelated - in other words, more debt will impact BOTH the equity AND the debt investors!
Why?
Because additional leverage makes the company riskier for everyone involved. The chance of bankruptcy is higher, so the "cost" even to the equity investors increases.
AND: Other variables like the Risk-Free Rate will end up impacting everything, including Cost of Equity and Cost of Debt, because both of them are tied to overall interest rates on "safe" government bonds.
Tricky: Some changes only make an impact when a company actually has debt (changes to the tax rate), and you can't always predict how the value derived from a DCF will change in response to this.
Changes to the DCF Analysis and the Impact on Cost of Equity, Cost of Debt, WACC, and Implied Value:
Smaller Company:
Cost of Debt, Equity, and WACC are all higher.
Bigger Company:
Cost of Debt, Equity, and WACC are all lower.
* Assuming the same capital structure percentages - if the capital structure is NOT the same, this could go either way.
Emerging Market:
Cost of Debt, Equity, and WACC are all higher.
No Debt to Some Debt:
Cost of Equity and Cost of Debt are higher. WACC is lower at first, but eventually higher.
Some Debt to No Debt:
Cost of Equity and Cost of Debt are lower. It's impossible to say how WACC changes because it depends on where you are in the "U-shaped curve" - if you're above the debt % that minimizes WACC, WACC will decrease.
Otherwise, if you're at that minimum or below it, WACC will increase.
Higher Risk-Free Rate:
Cost of Equity, Debt, and WACC are all higher; they're all lower with a lower Risk-Free Rate.
Higher Equity Risk Premium and Higher Beta:
Cost of Equity is higher, and so is WACC; Cost of Debt doesn't change in a predictable way in response to these.
When these are lower, Cost of Equity and WACC are both lower.
Higher Tax Rate:
Cost of Equity, Debt, and WACC are all lower; they're higher when the tax rate is lower.
** Assumes the company has debt - if it does not, taxes don't make an impact because there is no tax benefit to interest paid on debt.
- published: 23 Sep 2014
- views: 41190
Chi phí sử dụng vốn bình quân - một phương thức các nhà đầu tư dùng để nghiên cứu cân nhắc đầu tư và các nhà quản lý doanh nghiệp so sánh với chi phí vay nợ của công ty để quyết định đầu tư dự án mới.
Để xem thêm clip từ SunwayHANU, vui lòng đăng ký kênh Youtube của văn phòng.
Văn phòng Sunway HANU
Phòng 201B, Đại học Hà Nội, Km9 Nguyễn Trãi, Thanh Xuân, Hà Nội
Phone: (04) 3554 42 43
Website: sunway.hanu.vn
- published: 23 Sep 2013
- views: 7449
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- published: 24 Mar 2016
- views: 2364
http://www.katsonga.com/girlbanker
Get, To Become An Investment Banker (The Book)
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What is the Weighted Average Cost of Capital, WACC?
http://www.katsonga.com/girlbanker/what-is-wacc-the-weight-average-cost-of-capital
- published: 16 Oct 2012
- views: 10624
Average cost method
Under the 'Average Cost Method', it is assumed that the cost of inventory is based on the average cost of the goods available for sale during the period.
The average cost is computed by dividing the total cost of goods available for sale by the total units available for sale. This gives a weighted-average unit cost that is applied to the units in the ending inventory.
There are two commonly used average cost methods: Simple Weighted-average cost method and perpetual weighted-average cost method.
Weighted Average Cost
Weighted Average Cost is a method of calculating Ending Inventory cost. It is also known as WAVCOs
It takes Cost of Goods Available for Sale and divides it by the number of units available for sale (number of goods from Beginning Inventory + Purchases/production). This gives a Weighted Average Cost per Unit. A physical count is then performed on the ending inventory to determine the number of goods left. Finally, this quantity is multiplied by Weighted Average Cost per Unit to give an estimate of ending inventory cost. The cost of goods sold valuation is the amount of goods sold times the Weighted Average Cost per Unit. The sum of these two amounts (less a rounding error) equals the total actual cost of all purchases and beginning inventory.
This page contains text from Wikipedia, the Free Encyclopedia -
https://wn.com/Average_cost_method
This article is licensed under the Creative Commons Attribution-ShareAlike 3.0 Unported License, which means that you can copy and modify it as long as the entire work (including additions) remains under this license.
This article is licensed under the Creative Commons Attribution-ShareAlike 3.0 Unported License, which means that you can copy and modify it as long as the entire work (including additions) remains under this license.
Weighted average cost of capital
The weighted average cost of capital (WACC) is the rate that a company is expected to pay on average to all its security holders to finance its assets. The WACC is commonly referred to as the firm’s cost of capital. Importantly, it is dictated by the external market and not by management. The WACC represents the minimum return that a company must earn on an existing asset base to satisfy its creditors, owners, and other providers of capital, or they will invest elsewhere.
Companies raise money from a number of sources: common stock, preferred stock, straight debt, convertible debt, exchangeable debt, warrants, options, pension liabilities, executive stock options, governmental subsidies, and so on. Different securities, which represent different sources of finance, are expected to generate different returns. The WACC is calculated taking into account the relative weights of each component of the capital structure. The more complex the company's capital structure, the more laborious it is to calculate the WACC.
This page contains text from Wikipedia, the Free Encyclopedia -
https://wn.com/Weighted_average_cost_of_capital
This article is licensed under the Creative Commons Attribution-ShareAlike 3.0 Unported License, which means that you can copy and modify it as long as the entire work (including additions) remains under this license.
This article is licensed under the Creative Commons Attribution-ShareAlike 3.0 Unported License, which means that you can copy and modify it as long as the entire work (including additions) remains under this license.
Financial management
Financial management refers to the efficient and effective management of money (funds) in such a manner as to accomplish the objectives of the organization. It is the specialized function directly associated with the top management. The significance of this function is not seen in the 'Line' but also in the capacity of 'Staff' in overall of a company. It has been defined differently by different experts in the field.
The term typically applies to an organization or company's financial strategy, while personal finance or financial life management refers to an individual's management strategy. It includes how to raise the capital and how to allocate capital, i.e. capital budgeting. Not only for long term budgeting, but also how to allocate the short term resources like current liabilities. It also deals with the dividend policies of the share holders.
Definitions of Financial Management
This page contains text from Wikipedia, the Free Encyclopedia -
https://wn.com/Financial_management
This article is licensed under the Creative Commons Attribution-ShareAlike 3.0 Unported License, which means that you can copy and modify it as long as the entire work (including additions) remains under this license.
This article is licensed under the Creative Commons Attribution-ShareAlike 3.0 Unported License, which means that you can copy and modify it as long as the entire work (including additions) remains under this license.
WACC
WACC may refer to:
This page contains text from Wikipedia, the Free Encyclopedia -
https://wn.com/WACC
This article is licensed under the Creative Commons Attribution-ShareAlike 3.0 Unported License, which means that you can copy and modify it as long as the entire work (including additions) remains under this license.
This article is licensed under the Creative Commons Attribution-ShareAlike 3.0 Unported License, which means that you can copy and modify it as long as the entire work (including additions) remains under this license.
Capital
Capital may refer to:
- Capitals (typeface), a small-caps serif typeface
- Illuminated capital in a manuscript
Architecture
Colleges, seminaries, and universities
This page contains text from Wikipedia, the Free Encyclopedia -
https://wn.com/Capital
This article is licensed under the Creative Commons Attribution-ShareAlike 3.0 Unported License, which means that you can copy and modify it as long as the entire work (including additions) remains under this license.
This article is licensed under the Creative Commons Attribution-ShareAlike 3.0 Unported License, which means that you can copy and modify it as long as the entire work (including additions) remains under this license.
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9:29Weighted Average Cost of Capital (WACC)
Weighted Average Cost of Capital (WACC)Weighted Average Cost of Capital (WACC)
This video explains the concept of WACC (the Weighted Average Cost of Capital). An example is provided to demonstrate how to calculate WACC. Education Unlocked is your source for business and financial education. To view the entire video library for free, visit http://www.EducationUnlocked.org/ To like us on Facebook, visit https://www.facebook.com/EducationUnlocked123 Education Unlocked is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com/ -
9:50Weighted Average Cost of Capital (WACC) in 3 Easy Steps: How to Calculate WACC
Weighted Average Cost of Capital (WACC) in 3 Easy Steps: How to Calculate WACCWeighted Average Cost of Capital (WACC) in 3 Easy Steps: How to Calculate WACC
OMG I'm SHOCKED so easy clicked here http://mbabullshit.com/blog/2011/08/06/wacc-weighted-average-cost-of-capital-how-to-calculate-wacc/ for Weighted Average Cost of Capital or WACC. Cost of capital arises from either cost of debt or cost of equity. It is necessary to discover your cost of capital to make certain you are able to relate it to the rate of return of your business or task. The rate of return of your enterprise or undertaking should be equal to or higher than your cost of capital; so that your venture or task can break-even or raise a profit. If the capital applied for your business comes from borrowing from the financial institution at, say, 5% interest rate, then your cost of capital is 5%. If the capital used for your business is supplied by the private funding of your pal Harry who demands a 10% return on equity, then your cost of capital is 10%. Relatively easy! The difficulty is this: What if the capital of your business comes from a blend of both loaning from the bank and the personal capital of your pal Harry? What will be your cost now? Shall it be 5% (akin to the bank's interest rate) or will it be 10% (similar to Harry's expected return)? I'm pretty sure you can by now judge that logically, it would be something around the 5% and 10%! Thus, what number precisely? It goes without saying, you find it hard to plainly presume it. You need a formula which will provide you the particular percentage in between 5% and 10%. At this point the WACC Formula comes in. It in basic terms and easily provides you an exact percentage immediately after considering a) the cost of debt, b) the cost of equity, c) the extent (or "weight") of your capital which is supplied by debt, d) the balance (or "weight") of your capital which arises from equity, and e) the commercial tax rate in your geographical region. In the event that the WACC formula connects these factors jointly, it will yield you the percent amount in between 5% and 10% that you're in search of... and you'll discover your "precise" cost of capital established on the distinctive proportions or "weights" of how much of your capital comes from either debt or equity. Simplified, the formula looks like this: WACC = (Debt Proportion)(Cost of Debt %)(1 - tax rate %) (Equity Proportion)(Cost of Equity %) Individuals who find it challenging to employ mathematical symbols from sheer written representations can readily find out how they are applied detailed "in action" on quite a few internet based tutoring video websites and sites like YouTube. However, for industrialists and general managers, knowing the detailed operation might not be needed as a consequence of today's large number of cost free online calculators on the internet as well as calculator functions on new scientific calculators or even smartphone apps; which let owners to electronically and instantly come across solutions with the push of a switch. http://www.youtube.com/watch?v=JKJglPkAJ5o -
2:173 Minutes! Weighted Average Cost of Capital (wacc)
3 Minutes! Weighted Average Cost of Capital (wacc)3 Minutes! Weighted Average Cost of Capital (wacc)
omg I'm SHOCKED so easy clicked here http://mbabullshit.com/ for Weighted Average Cost of Capital or WACC... If You Like My Free Videos, Support Me at https://www.patreon.com/MBAbull Let's say you need money to do business... this is called capital. However, where do you get this capital? You get it from either the owners' money (equity) or you get it from borrowing from the bank or other sources (debt). http://www.youtube.com/watch?v=Wz6Dwbp2XiI If your capital is borrowed from the bank, does this have a cost? Yes! It's the interest on your loan. So if the interest rate is 5%, then your cost of capital is also 5%. But if your capital comes from investors instead of a bank loan, does this have a cost? Yes! It's the expected return of your investors. If investors are expecting a 10% average return by investing with you, then your cost of capital is 10%. It's called a "weighted" average because it gives more "weight" or importance to either your borrowed capital or your investors' money, whichever is greater. Now here comes our problem... What if part of your capital comes from bank borrowing at 5%, and another part of your capital comes from investors expecting 10%? Is your cost of capital 5% like the bank loan or 10% like the investors' expected return? Of course, it's something in between... but not exactly in between because you might have more of one than the other. Check out my free video and also download my free WACC cheat-sheet at MBAbullshit.com . See ya there! (Note, we are different from Investopedia) -
6:48how to calculate WACC (simple example) Weighted Average Cost of Capital .mp4
how to calculate WACC (simple example) Weighted Average Cost of Capital .mp4how to calculate WACC (simple example) Weighted Average Cost of Capital .mp4
Hi Guys, this video will teach you a simple example how to calculate the WACC Weighted Average Cost of Capital Thanks for learning www.i-hate-math.com -
17:56WACC, Cost of Equity, and Cost of Debt in a DCF
WACC, Cost of Equity, and Cost of Debt in a DCFWACC, Cost of Equity, and Cost of Debt in a DCF
In this WACC and Cost of Equity tutorial, you'll learn how changes to assumptions in a DCF impact variables like the Cost of Equity, Cost of Debt. By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" You'll also learn about WACC (Weighted Average Cost of Capital) - and why it is not always so straightforward to answer these questions in interviews. Table of Contents: 2:22 Why Everything is Interrelated 4:22 Summary of Factors That Impact a DCF 6:37 Changes to Debt Percentages in the Capital Structure 11:38 The Risk-Free Rate, Equity Risk Premium, and Beta 12:49 The Tax Rate 14:55 Recap and Summary Why Do WACC, the Cost of Equity, and the Cost of Debt Matter? This is a VERY common interview question: "If a company goes from 10% debt to 30% debt, does its WACC increase or decrease?" "What if the Risk-Free Rate changes? How is everything else impacted?" "What if the company is bigger / smaller?" Plus, you need to use these concepts on the job all the time when valuing companies… these "costs" represent your opportunity cost from investing in a specific company, and you use them to evaluate that company's cash flows and determine how much the company is worth to you. EX: If you can get a 10% yield by investing in other, similar companies in this market, you'd evaluate this company's cash flows against that 10% "discount rate"… …and if this company's debt, tax rate, or overall size changes, you better know how the discount rate also changes! It could easily change the company's value to you, the investor. The Most Important Concept… Everything is interrelated - in other words, more debt will impact BOTH the equity AND the debt investors! Why? Because additional leverage makes the company riskier for everyone involved. The chance of bankruptcy is higher, so the "cost" even to the equity investors increases. AND: Other variables like the Risk-Free Rate will end up impacting everything, including Cost of Equity and Cost of Debt, because both of them are tied to overall interest rates on "safe" government bonds. Tricky: Some changes only make an impact when a company actually has debt (changes to the tax rate), and you can't always predict how the value derived from a DCF will change in response to this. Changes to the DCF Analysis and the Impact on Cost of Equity, Cost of Debt, WACC, and Implied Value: Smaller Company: Cost of Debt, Equity, and WACC are all higher. Bigger Company: Cost of Debt, Equity, and WACC are all lower. * Assuming the same capital structure percentages - if the capital structure is NOT the same, this could go either way. Emerging Market: Cost of Debt, Equity, and WACC are all higher. No Debt to Some Debt: Cost of Equity and Cost of Debt are higher. WACC is lower at first, but eventually higher. Some Debt to No Debt: Cost of Equity and Cost of Debt are lower. It's impossible to say how WACC changes because it depends on where you are in the "U-shaped curve" - if you're above the debt % that minimizes WACC, WACC will decrease. Otherwise, if you're at that minimum or below it, WACC will increase. Higher Risk-Free Rate: Cost of Equity, Debt, and WACC are all higher; they're all lower with a lower Risk-Free Rate. Higher Equity Risk Premium and Higher Beta: Cost of Equity is higher, and so is WACC; Cost of Debt doesn't change in a predictable way in response to these. When these are lower, Cost of Equity and WACC are both lower. Higher Tax Rate: Cost of Equity, Debt, and WACC are all lower; they're higher when the tax rate is lower. ** Assumes the company has debt - if it does not, taxes don't make an impact because there is no tax benefit to interest paid on debt. -
2:37[Sunway HANU] - Chi phí sử dụng vốn bình quân - WACC là gì? - Investopedia
[Sunway HANU] - Chi phí sử dụng vốn bình quân - WACC là gì? - Investopedia[Sunway HANU] - Chi phí sử dụng vốn bình quân - WACC là gì? - Investopedia
Chi phí sử dụng vốn bình quân - một phương thức các nhà đầu tư dùng để nghiên cứu cân nhắc đầu tư và các nhà quản lý doanh nghiệp so sánh với chi phí vay nợ của công ty để quyết định đầu tư dự án mới. Để xem thêm clip từ SunwayHANU, vui lòng đăng ký kênh Youtube của văn phòng. Văn phòng Sunway HANU Phòng 201B, Đại học Hà Nội, Km9 Nguyễn Trãi, Thanh Xuân, Hà Nội Phone: (04) 3554 42 43 Website: sunway.hanu.vn -
9:45Case study on WACC (with Additional Finance)
Case study on WACC (with Additional Finance)Case study on WACC (with Additional Finance)
FINANCIAL MANAGEMENT – A COMPLETE STUDY If you enjoyed this content make sure to check the full course. Click on the following link to avail discount. https://www.udemy.com/financial-management-a-complete-study/?couponCode=YTB10A Indepth Analysis through 300+ lectures and case studies for CA / CFA / CPA / CMA / MBA Finance Exams and Professionals ------------------------------------------------------------------------------------------------------------------------ Welcome to one of the comprehensive ever course on Financial Management – relevant for any one aspiring to understand Financial Management and useful for students pursing courses like CA / CMA / CS / CFA / CPA, etc. A Course with close to 300 lectures explaining each and every concept in Financial Management followed by Solved Case Studies (Video), Conversational Style Articles explaining the concepts, Hand outs for download, Quizzes and what not?? ------------------------------------------------------------------------------------------------------------------------ This course is about Financial Management. By taking up this course, you will have opportunity to learn the all facets of Financial Management. Knowledge on Financial Management is important for every Entrepreneur and Finance Managers. Ignorance in Financial Management can be disastrous because it would invite serious trouble for the very functioning of the organisation. This is a comprehensive course, covering each and every topic in detail. In this course,you will learn the Financial Management basic concepts, theories, and techniques which deals with conceptual frame work. Following topics will be covered in this course a) Introduction to Financial Management (covering role of CFO, difference between Financial Management, Accounting and other disciplines) b) Time Value of Money c) Financial Analysis through Ratios (covering ratios for performance evaluation and financial health, application of ratio analysis in decision making). d) Financial Analysis through Cash Flow Statement e) Financial Analysis through Fund Flow Statement f) Cost of Capital of Business (Weighted Average Cost of Capital and Marginal Cost of Capital) g) Capital Structuring Decisions (Capital Structuring Patterns, Designing optimum capital structure, Capital Structure Theories). h) Leverage Analysis (Operating Leverage, Financial Leverage and Combined Leverage) I) Various Sources of Finance j) Capital Budgeting Decisions (Payback, ARR, MPV, IRR, MIRR) k) Working Capital Management (Working Capital Cycle, Cash Cost, Budgetary Control, Inventory Management, Receivables Management, Payables Management, Treasury Management) This course is structured in self learning style. It will have good number of video lectures covering all the above topics discussed. Simple English used for presentation. Take this course to understand Financial Management comprehensively. Mandatory Disclosure regarding course contents: This course is basically a bundle of following courses: a) Time Value of Money b) Cash Flow Statement Analysis c) Fund Flow Statement Analysis d) Finance Management Ratio Analysis e) Learn how to find cost of funds f) Learn Capital Structuring g) Learn NPV and IRR Techniques h) Working Capital Management. If you are purchasing this course, make sure you don't purchase the above courses. Also note, this course is also bundled in comprehensive course named Accounting, Finance and Banking - A Comprehensive Study. So if you are purchasing above course, make sure you don't purchase this course. • Category: Business What's in the Course? 1. Over 346 lectures and 48 hours of content! 2. Understand Basics of Financial Management 3. Understand Importance of Time Value of Money 4. Understand Financial Ratio Analysis 5. Understand Cash Flow Analysis 6. Understand Fund Flow Analysis 7. Understand Cost of Capital 8. Understand Capital Structuring 9. Understand Capital Budgeting Process 10. Understand Working Capital Management 11. Understand Various sources of Finance Course Requirements: 1. Students can approach with fresh mind Who Should Attend? 1. Any one who wants to learn Financial Management comprehensively 2. MBA (Finance) students 3. CA / CMA / CS / CFA / CPA / CIMA -
1:55What is the Weighted Average Cost of Capital, WACC?
What is the Weighted Average Cost of Capital, WACC?What is the Weighted Average Cost of Capital, WACC?
http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx @GirlBanker: https://twitter.com/#!/GirlBanker What is the Weighted Average Cost of Capital, WACC? http://www.katsonga.com/girlbanker/what-is-wacc-the-weight-average-cost-of-capital -
31:06WACC - Средневзвешенная стоимость капитала (+CAPM)
WACC - Средневзвешенная стоимость капитала (+CAPM) -
22:03Weighted Average Cost of Capital (WACC) Breakdown
Weighted Average Cost of Capital (WACC) BreakdownWeighted Average Cost of Capital (WACC) Breakdown
University Corporate Finance Ryerson - FIN 401, FIN401
-
Weighted Average Cost of Capital (WACC)
This video explains the concept of WACC (the Weighted Average Cost of Capital). An example is provided to demonstrate how to calculate WACC. Education Unlocked is your source for business and financial education. To view the entire video library for free, visit http://www.EducationUnlocked.org/ To like us on Facebook, visit https://www.facebook.com/EducationUnlocked123 Education Unlocked is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com/
published: 11 Feb 2014 -
Weighted Average Cost of Capital (WACC) in 3 Easy Steps: How to Calculate WACC
OMG I'm SHOCKED so easy clicked here http://mbabullshit.com/blog/2011/08/06/wacc-weighted-average-cost-of-capital-how-to-calculate-wacc/ for Weighted Average Cost of Capital or WACC. Cost of capital arises from either cost of debt or cost of equity. It is necessary to discover your cost of capital to make certain you are able to relate it to the rate of return of your business or task. The rate of return of your enterprise or undertaking should be equal to or higher than your cost of capital; so that your venture or task can break-even or raise a profit. If the capital applied for your business comes from borrowing from the financial institution at, say, 5% interest rate, then your cost of capital is 5%. If the capital used for your business is supplied by the private funding of your pa...
published: 08 Mar 2010 -
3 Minutes! Weighted Average Cost of Capital (wacc)
omg I'm SHOCKED so easy clicked here http://mbabullshit.com/ for Weighted Average Cost of Capital or WACC... If You Like My Free Videos, Support Me at https://www.patreon.com/MBAbull Let's say you need money to do business... this is called capital. However, where do you get this capital? You get it from either the owners' money (equity) or you get it from borrowing from the bank or other sources (debt). http://www.youtube.com/watch?v=Wz6Dwbp2XiI If your capital is borrowed from the bank, does this have a cost? Yes! It's the interest on your loan. So if the interest rate is 5%, then your cost of capital is also 5%. But if your capital comes from investors instead of a bank loan, does this have a cost? Yes! It's the expected return of your investors. If investors are expecting a 10%...
published: 28 Mar 2013 -
how to calculate WACC (simple example) Weighted Average Cost of Capital .mp4
Hi Guys, this video will teach you a simple example how to calculate the WACC Weighted Average Cost of Capital Thanks for learning www.i-hate-math.com
published: 31 Jul 2012 -
WACC, Cost of Equity, and Cost of Debt in a DCF
In this WACC and Cost of Equity tutorial, you'll learn how changes to assumptions in a DCF impact variables like the Cost of Equity, Cost of Debt. By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" You'll also learn about WACC (Weighted Average Cost of Capital) - and why it is not always so straightforward to answer these questions in interviews. Table of Contents: 2:22 Why Everything is Interrelated 4:22 Summary of Factors That Impact a DCF 6:37 Changes to Debt Percentages in the Capital Structure 11:38 The Risk-Free Rate, Equity Risk Premium, and Beta 12:49 The Tax Rate 14:55 Recap and Summary Why Do WACC, the Cost of Equity, and the Cost of Debt Matter? This is a VERY common interview question: "If a compan...
published: 23 Sep 2014 -
[Sunway HANU] - Chi phí sử dụng vốn bình quân - WACC là gì? - Investopedia
Chi phí sử dụng vốn bình quân - một phương thức các nhà đầu tư dùng để nghiên cứu cân nhắc đầu tư và các nhà quản lý doanh nghiệp so sánh với chi phí vay nợ của công ty để quyết định đầu tư dự án mới. Để xem thêm clip từ SunwayHANU, vui lòng đăng ký kênh Youtube của văn phòng. Văn phòng Sunway HANU Phòng 201B, Đại học Hà Nội, Km9 Nguyễn Trãi, Thanh Xuân, Hà Nội Phone: (04) 3554 42 43 Website: sunway.hanu.vn
published: 23 Sep 2013 -
Case study on WACC (with Additional Finance)
FINANCIAL MANAGEMENT – A COMPLETE STUDY If you enjoyed this content make sure to check the full course. Click on the following link to avail discount. https://www.udemy.com/financial-management-a-complete-study/?couponCode=YTB10A Indepth Analysis through 300+ lectures and case studies for CA / CFA / CPA / CMA / MBA Finance Exams and Professionals ------------------------------------------------------------------------------------------------------------------------ Welcome to one of the comprehensive ever course on Financial Management – relevant for any one aspiring to understand Financial Management and useful for students pursing courses like CA / CMA / CS / CFA / CPA, etc. A Course with close to 300 lectures explaining each and every concept in Financial Management followed by Solved C...
published: 24 Mar 2016 -
What is the Weighted Average Cost of Capital, WACC?
http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx @GirlBanker: https://twitter.com/#!/GirlBanker What is the Weighted Average Cost of Capital, WACC? http://www.katsonga.com/girlbanker/what-is-wacc-the-weight-average-cost-of-capital
published: 16 Oct 2012 -
-
Weighted Average Cost of Capital (WACC) Breakdown
University Corporate Finance Ryerson - FIN 401, FIN401
published: 09 Feb 2016
Weighted Average Cost of Capital (WACC)
- Order: Reorder
- Duration: 9:29
- Updated: 11 Feb 2014
- views: 114698
This video explains the concept of WACC (the Weighted Average Cost of Capital). An example is provided to demonstrate how to calculate WACC.
Education Unlocke...
This video explains the concept of WACC (the Weighted Average Cost of Capital). An example is provided to demonstrate how to calculate WACC.
Education Unlocked is your source for business and financial education.
To view the entire video library for free, visit http://www.EducationUnlocked.org/
To like us on Facebook, visit https://www.facebook.com/EducationUnlocked123
Education Unlocked is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD.
The goal of Michael's life is to increase access to education so all people can achieve their dreams.
To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com/
https://wn.com/Weighted_Average_Cost_Of_Capital_(Wacc)
This video explains the concept of WACC (the Weighted Average Cost of Capital). An example is provided to demonstrate how to calculate WACC.
Education Unlocked is your source for business and financial education.
To view the entire video library for free, visit http://www.EducationUnlocked.org/
To like us on Facebook, visit https://www.facebook.com/EducationUnlocked123
Education Unlocked is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD.
The goal of Michael's life is to increase access to education so all people can achieve their dreams.
To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com/
- published: 11 Feb 2014
- views: 114698
Weighted Average Cost of Capital (WACC) in 3 Easy Steps: How to Calculate WACC
- Order: Reorder
- Duration: 9:50
- Updated: 08 Mar 2010
- views: 342721
OMG I'm SHOCKED so easy clicked here http://mbabullshit.com/blog/2011/08/06/wacc-weighted-average-cost-of-capital-how-to-calculate-wacc/ for Weighted Average Co...
OMG I'm SHOCKED so easy clicked here http://mbabullshit.com/blog/2011/08/06/wacc-weighted-average-cost-of-capital-how-to-calculate-wacc/ for Weighted Average Cost of Capital or WACC.
Cost of capital arises from either cost of debt or cost of equity.
It is necessary to discover your cost of capital to make certain you are able to relate it to the rate of return of your business or task. The rate of return of your enterprise or undertaking should be equal to or higher than your cost of capital; so that your venture or task can break-even or raise a profit.
If the capital applied for your business comes from borrowing from the financial institution at, say, 5% interest rate, then your cost of capital is 5%. If the capital used for your business is supplied by the private funding of your pal Harry who demands a 10% return on equity, then your cost of capital is 10%. Relatively easy!
The difficulty is this: What if the capital of your business comes from a blend of both loaning from the bank and the personal capital of your pal Harry? What will be your cost now? Shall it be 5% (akin to the bank's interest rate) or will it be 10% (similar to Harry's expected return)?
I'm pretty sure you can by now judge that logically, it would be something around the 5% and 10%!
Thus, what number precisely? It goes without saying, you find it hard to plainly presume it. You need a formula which will provide you the particular percentage in between 5% and 10%. At this point the WACC Formula comes in. It in basic terms and easily provides you an exact percentage immediately after considering a) the cost of debt, b) the cost of equity, c) the extent (or "weight") of your capital which is supplied by debt, d) the balance (or "weight") of your capital which arises from equity, and e) the commercial tax rate in your geographical region.
In the event that the WACC formula connects these factors jointly, it will yield you the percent amount in between 5% and 10% that you're in search of... and you'll discover your "precise" cost of capital established on the distinctive proportions or "weights" of how much of your capital comes from either debt or equity. Simplified, the formula looks like this:
WACC = (Debt Proportion)(Cost of Debt %)(1 - tax rate %) (Equity Proportion)(Cost of Equity %)
Individuals who find it challenging to employ mathematical symbols from sheer written representations can readily find out how they are applied detailed "in action" on quite a few internet based tutoring video websites and sites like YouTube. However, for industrialists and general managers, knowing the detailed operation might not be needed as a consequence of today's large number of cost free online calculators on the internet as well as calculator functions on new scientific calculators or even smartphone apps; which let owners to electronically and instantly come across solutions with the push of a switch. http://www.youtube.com/watch?v=JKJglPkAJ5o
https://wn.com/Weighted_Average_Cost_Of_Capital_(Wacc)_In_3_Easy_Steps_How_To_Calculate_Wacc
OMG I'm SHOCKED so easy clicked here http://mbabullshit.com/blog/2011/08/06/wacc-weighted-average-cost-of-capital-how-to-calculate-wacc/ for Weighted Average Cost of Capital or WACC.
Cost of capital arises from either cost of debt or cost of equity.
It is necessary to discover your cost of capital to make certain you are able to relate it to the rate of return of your business or task. The rate of return of your enterprise or undertaking should be equal to or higher than your cost of capital; so that your venture or task can break-even or raise a profit.
If the capital applied for your business comes from borrowing from the financial institution at, say, 5% interest rate, then your cost of capital is 5%. If the capital used for your business is supplied by the private funding of your pal Harry who demands a 10% return on equity, then your cost of capital is 10%. Relatively easy!
The difficulty is this: What if the capital of your business comes from a blend of both loaning from the bank and the personal capital of your pal Harry? What will be your cost now? Shall it be 5% (akin to the bank's interest rate) or will it be 10% (similar to Harry's expected return)?
I'm pretty sure you can by now judge that logically, it would be something around the 5% and 10%!
Thus, what number precisely? It goes without saying, you find it hard to plainly presume it. You need a formula which will provide you the particular percentage in between 5% and 10%. At this point the WACC Formula comes in. It in basic terms and easily provides you an exact percentage immediately after considering a) the cost of debt, b) the cost of equity, c) the extent (or "weight") of your capital which is supplied by debt, d) the balance (or "weight") of your capital which arises from equity, and e) the commercial tax rate in your geographical region.
In the event that the WACC formula connects these factors jointly, it will yield you the percent amount in between 5% and 10% that you're in search of... and you'll discover your "precise" cost of capital established on the distinctive proportions or "weights" of how much of your capital comes from either debt or equity. Simplified, the formula looks like this:
WACC = (Debt Proportion)(Cost of Debt %)(1 - tax rate %) (Equity Proportion)(Cost of Equity %)
Individuals who find it challenging to employ mathematical symbols from sheer written representations can readily find out how they are applied detailed "in action" on quite a few internet based tutoring video websites and sites like YouTube. However, for industrialists and general managers, knowing the detailed operation might not be needed as a consequence of today's large number of cost free online calculators on the internet as well as calculator functions on new scientific calculators or even smartphone apps; which let owners to electronically and instantly come across solutions with the push of a switch. http://www.youtube.com/watch?v=JKJglPkAJ5o
- published: 08 Mar 2010
- views: 342721
3 Minutes! Weighted Average Cost of Capital (wacc)
- Order: Reorder
- Duration: 2:17
- Updated: 28 Mar 2013
- views: 230744
omg I'm SHOCKED so easy clicked here http://mbabullshit.com/ for Weighted Average Cost of Capital or WACC...
If You Like My Free Videos, Support Me at https://...
omg I'm SHOCKED so easy clicked here http://mbabullshit.com/ for Weighted Average Cost of Capital or WACC...
If You Like My Free Videos, Support Me at https://www.patreon.com/MBAbull
Let's say you need money to do business... this is called capital. However, where do you get this capital? You get it from either the owners' money (equity) or you get it from borrowing from the bank or other sources (debt). http://www.youtube.com/watch?v=Wz6Dwbp2XiI If your capital is borrowed from the bank, does this have a cost?
Yes! It's the interest on your loan. So if the interest rate is 5%, then your cost of capital is also 5%. But if your capital comes from investors instead of a bank loan, does this have a cost?
Yes! It's the expected return of your investors. If investors are expecting a 10% average return by investing with you, then your cost of capital is 10%. It's called a "weighted" average because it gives more "weight" or importance to either your borrowed capital or your investors' money, whichever is greater. Now here comes our problem...
What if part of your capital comes from bank borrowing at 5%, and another part of your capital comes from investors expecting 10%?
Is your cost of capital 5% like the bank loan or 10% like the investors' expected return?
Of course, it's something in between... but not exactly in between because you might have more of one than the other.
Check out my free video and also download my free WACC cheat-sheet at MBAbullshit.com . See ya there! (Note, we are different from Investopedia)
https://wn.com/3_Minutes_Weighted_Average_Cost_Of_Capital_(Wacc)
omg I'm SHOCKED so easy clicked here http://mbabullshit.com/ for Weighted Average Cost of Capital or WACC...
If You Like My Free Videos, Support Me at https://www.patreon.com/MBAbull
Let's say you need money to do business... this is called capital. However, where do you get this capital? You get it from either the owners' money (equity) or you get it from borrowing from the bank or other sources (debt). http://www.youtube.com/watch?v=Wz6Dwbp2XiI If your capital is borrowed from the bank, does this have a cost?
Yes! It's the interest on your loan. So if the interest rate is 5%, then your cost of capital is also 5%. But if your capital comes from investors instead of a bank loan, does this have a cost?
Yes! It's the expected return of your investors. If investors are expecting a 10% average return by investing with you, then your cost of capital is 10%. It's called a "weighted" average because it gives more "weight" or importance to either your borrowed capital or your investors' money, whichever is greater. Now here comes our problem...
What if part of your capital comes from bank borrowing at 5%, and another part of your capital comes from investors expecting 10%?
Is your cost of capital 5% like the bank loan or 10% like the investors' expected return?
Of course, it's something in between... but not exactly in between because you might have more of one than the other.
Check out my free video and also download my free WACC cheat-sheet at MBAbullshit.com . See ya there! (Note, we are different from Investopedia)
- published: 28 Mar 2013
- views: 230744
how to calculate WACC (simple example) Weighted Average Cost of Capital .mp4
- Order: Reorder
- Duration: 6:48
- Updated: 31 Jul 2012
- views: 100475
Hi Guys,
this video will teach you a simple example how to calculate the WACC
Weighted Average Cost of Capital
Thanks for learning
www.i-hate-math.com
Hi Guys,
this video will teach you a simple example how to calculate the WACC
Weighted Average Cost of Capital
Thanks for learning
www.i-hate-math.com
https://wn.com/How_To_Calculate_Wacc_(Simple_Example)_Weighted_Average_Cost_Of_Capital_.Mp4
Hi Guys,
this video will teach you a simple example how to calculate the WACC
Weighted Average Cost of Capital
Thanks for learning
www.i-hate-math.com
- published: 31 Jul 2012
- views: 100475
WACC, Cost of Equity, and Cost of Debt in a DCF
- Order: Reorder
- Duration: 17:56
- Updated: 23 Sep 2014
- views: 41190
In this WACC and Cost of Equity tutorial, you'll learn how changes to assumptions in a DCF impact variables like the Cost of Equity, Cost of Debt.
By http://bre...
In this WACC and Cost of Equity tutorial, you'll learn how changes to assumptions in a DCF impact variables like the Cost of Equity, Cost of Debt.
By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers"
You'll also learn about WACC (Weighted Average Cost of Capital) - and why it is not always so straightforward to answer these questions in interviews.
Table of Contents:
2:22 Why Everything is Interrelated
4:22 Summary of Factors That Impact a DCF
6:37 Changes to Debt Percentages in the Capital Structure
11:38 The Risk-Free Rate, Equity Risk Premium, and Beta
12:49 The Tax Rate
14:55 Recap and Summary
Why Do WACC, the Cost of Equity, and the Cost of Debt Matter?
This is a VERY common interview question:
"If a company goes from 10% debt to 30% debt, does its WACC increase or decrease?"
"What if the Risk-Free Rate changes? How is everything else impacted?"
"What if the company is bigger / smaller?"
Plus, you need to use these concepts on the job all the time when valuing companies… these "costs" represent your
opportunity cost from investing in a specific company, and you use them to evaluate that company's cash flows and determine
how much the company is worth to you.
EX: If you can get a 10% yield by investing in other, similar companies in this market, you'd evaluate this company's cash flows against that 10% "discount rate"…
…and if this company's debt, tax rate, or overall size changes, you better know how the discount rate also changes! It could easily change the company's value to you, the investor.
The Most Important Concept…
Everything is interrelated - in other words, more debt will impact BOTH the equity AND the debt investors!
Why?
Because additional leverage makes the company riskier for everyone involved. The chance of bankruptcy is higher, so the "cost" even to the equity investors increases.
AND: Other variables like the Risk-Free Rate will end up impacting everything, including Cost of Equity and Cost of Debt, because both of them are tied to overall interest rates on "safe" government bonds.
Tricky: Some changes only make an impact when a company actually has debt (changes to the tax rate), and you can't always predict how the value derived from a DCF will change in response to this.
Changes to the DCF Analysis and the Impact on Cost of Equity, Cost of Debt, WACC, and Implied Value:
Smaller Company:
Cost of Debt, Equity, and WACC are all higher.
Bigger Company:
Cost of Debt, Equity, and WACC are all lower.
* Assuming the same capital structure percentages - if the capital structure is NOT the same, this could go either way.
Emerging Market:
Cost of Debt, Equity, and WACC are all higher.
No Debt to Some Debt:
Cost of Equity and Cost of Debt are higher. WACC is lower at first, but eventually higher.
Some Debt to No Debt:
Cost of Equity and Cost of Debt are lower. It's impossible to say how WACC changes because it depends on where you are in the "U-shaped curve" - if you're above the debt % that minimizes WACC, WACC will decrease.
Otherwise, if you're at that minimum or below it, WACC will increase.
Higher Risk-Free Rate:
Cost of Equity, Debt, and WACC are all higher; they're all lower with a lower Risk-Free Rate.
Higher Equity Risk Premium and Higher Beta:
Cost of Equity is higher, and so is WACC; Cost of Debt doesn't change in a predictable way in response to these.
When these are lower, Cost of Equity and WACC are both lower.
Higher Tax Rate:
Cost of Equity, Debt, and WACC are all lower; they're higher when the tax rate is lower.
** Assumes the company has debt - if it does not, taxes don't make an impact because there is no tax benefit to interest paid on debt.
https://wn.com/Wacc,_Cost_Of_Equity,_And_Cost_Of_Debt_In_A_Dcf
In this WACC and Cost of Equity tutorial, you'll learn how changes to assumptions in a DCF impact variables like the Cost of Equity, Cost of Debt.
By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers"
You'll also learn about WACC (Weighted Average Cost of Capital) - and why it is not always so straightforward to answer these questions in interviews.
Table of Contents:
2:22 Why Everything is Interrelated
4:22 Summary of Factors That Impact a DCF
6:37 Changes to Debt Percentages in the Capital Structure
11:38 The Risk-Free Rate, Equity Risk Premium, and Beta
12:49 The Tax Rate
14:55 Recap and Summary
Why Do WACC, the Cost of Equity, and the Cost of Debt Matter?
This is a VERY common interview question:
"If a company goes from 10% debt to 30% debt, does its WACC increase or decrease?"
"What if the Risk-Free Rate changes? How is everything else impacted?"
"What if the company is bigger / smaller?"
Plus, you need to use these concepts on the job all the time when valuing companies… these "costs" represent your
opportunity cost from investing in a specific company, and you use them to evaluate that company's cash flows and determine
how much the company is worth to you.
EX: If you can get a 10% yield by investing in other, similar companies in this market, you'd evaluate this company's cash flows against that 10% "discount rate"…
…and if this company's debt, tax rate, or overall size changes, you better know how the discount rate also changes! It could easily change the company's value to you, the investor.
The Most Important Concept…
Everything is interrelated - in other words, more debt will impact BOTH the equity AND the debt investors!
Why?
Because additional leverage makes the company riskier for everyone involved. The chance of bankruptcy is higher, so the "cost" even to the equity investors increases.
AND: Other variables like the Risk-Free Rate will end up impacting everything, including Cost of Equity and Cost of Debt, because both of them are tied to overall interest rates on "safe" government bonds.
Tricky: Some changes only make an impact when a company actually has debt (changes to the tax rate), and you can't always predict how the value derived from a DCF will change in response to this.
Changes to the DCF Analysis and the Impact on Cost of Equity, Cost of Debt, WACC, and Implied Value:
Smaller Company:
Cost of Debt, Equity, and WACC are all higher.
Bigger Company:
Cost of Debt, Equity, and WACC are all lower.
* Assuming the same capital structure percentages - if the capital structure is NOT the same, this could go either way.
Emerging Market:
Cost of Debt, Equity, and WACC are all higher.
No Debt to Some Debt:
Cost of Equity and Cost of Debt are higher. WACC is lower at first, but eventually higher.
Some Debt to No Debt:
Cost of Equity and Cost of Debt are lower. It's impossible to say how WACC changes because it depends on where you are in the "U-shaped curve" - if you're above the debt % that minimizes WACC, WACC will decrease.
Otherwise, if you're at that minimum or below it, WACC will increase.
Higher Risk-Free Rate:
Cost of Equity, Debt, and WACC are all higher; they're all lower with a lower Risk-Free Rate.
Higher Equity Risk Premium and Higher Beta:
Cost of Equity is higher, and so is WACC; Cost of Debt doesn't change in a predictable way in response to these.
When these are lower, Cost of Equity and WACC are both lower.
Higher Tax Rate:
Cost of Equity, Debt, and WACC are all lower; they're higher when the tax rate is lower.
** Assumes the company has debt - if it does not, taxes don't make an impact because there is no tax benefit to interest paid on debt.
- published: 23 Sep 2014
- views: 41190
[Sunway HANU] - Chi phí sử dụng vốn bình quân - WACC là gì? - Investopedia
- Order: Reorder
- Duration: 2:37
- Updated: 23 Sep 2013
- views: 7449
Chi phí sử dụng vốn bình quân - một phương thức các nhà đầu tư dùng để nghiên cứu cân nhắc đầu tư và các nhà quản lý doanh nghiệp so sánh với chi phí vay nợ của...
Chi phí sử dụng vốn bình quân - một phương thức các nhà đầu tư dùng để nghiên cứu cân nhắc đầu tư và các nhà quản lý doanh nghiệp so sánh với chi phí vay nợ của công ty để quyết định đầu tư dự án mới.
Để xem thêm clip từ SunwayHANU, vui lòng đăng ký kênh Youtube của văn phòng.
Văn phòng Sunway HANU
Phòng 201B, Đại học Hà Nội, Km9 Nguyễn Trãi, Thanh Xuân, Hà Nội
Phone: (04) 3554 42 43
Website: sunway.hanu.vn
https://wn.com/Sunway_Hanu_Chi_Phí_Sử_Dụng_Vốn_Bình_Quân_Wacc_Là_Gì_Investopedia
Chi phí sử dụng vốn bình quân - một phương thức các nhà đầu tư dùng để nghiên cứu cân nhắc đầu tư và các nhà quản lý doanh nghiệp so sánh với chi phí vay nợ của công ty để quyết định đầu tư dự án mới.
Để xem thêm clip từ SunwayHANU, vui lòng đăng ký kênh Youtube của văn phòng.
Văn phòng Sunway HANU
Phòng 201B, Đại học Hà Nội, Km9 Nguyễn Trãi, Thanh Xuân, Hà Nội
Phone: (04) 3554 42 43
Website: sunway.hanu.vn
- published: 23 Sep 2013
- views: 7449
Case study on WACC (with Additional Finance)
- Order: Reorder
- Duration: 9:45
- Updated: 24 Mar 2016
- views: 2364
FINANCIAL MANAGEMENT – A COMPLETE STUDY
If you enjoyed this content make sure to check the full course. Click on the following link to avail discount.
https://w...
FINANCIAL MANAGEMENT – A COMPLETE STUDY
If you enjoyed this content make sure to check the full course. Click on the following link to avail discount.
https://www.udemy.com/financial-management-a-complete-study/?couponCode=YTB10A
Indepth Analysis through 300+ lectures and case studies for CA / CFA / CPA / CMA / MBA Finance Exams and Professionals
------------------------------------------------------------------------------------------------------------------------
Welcome to one of the comprehensive ever course on Financial Management – relevant for any one aspiring to understand Financial Management and useful for students pursing courses like CA / CMA / CS / CFA / CPA, etc. A Course with close to 300 lectures explaining each and every concept in Financial Management followed by Solved Case Studies (Video), Conversational Style Articles explaining the concepts, Hand outs for download, Quizzes and what not??
------------------------------------------------------------------------------------------------------------------------
This course is about Financial Management. By taking up this course, you will have opportunity to learn the all facets of Financial Management.
Knowledge on Financial Management is important for every Entrepreneur and Finance Managers. Ignorance in Financial Management can be disastrous because it would invite serious trouble for the very functioning of the organisation.
This is a comprehensive course, covering each and every topic in detail. In this course,you will learn the Financial Management basic concepts, theories, and techniques which deals with conceptual frame work. Following topics will be covered in this course
a) Introduction to Financial Management (covering role of CFO, difference between Financial Management, Accounting and other disciplines)
b) Time Value of Money
c) Financial Analysis through Ratios (covering ratios for performance evaluation and financial health, application of ratio analysis in decision making).
d) Financial Analysis through Cash Flow Statement
e) Financial Analysis through Fund Flow Statement
f) Cost of Capital of Business (Weighted Average Cost of Capital and Marginal Cost of Capital)
g) Capital Structuring Decisions (Capital Structuring Patterns, Designing optimum capital structure, Capital Structure Theories).
h) Leverage Analysis (Operating Leverage, Financial Leverage and Combined Leverage)
I) Various Sources of Finance
j) Capital Budgeting Decisions (Payback, ARR, MPV, IRR, MIRR)
k) Working Capital Management (Working Capital Cycle, Cash Cost, Budgetary Control, Inventory Management, Receivables Management, Payables Management, Treasury Management)
This course is structured in self learning style.
It will have good number of video lectures covering all the above topics discussed.
Simple English used for presentation.
Take this course to understand Financial Management comprehensively.
Mandatory Disclosure regarding course contents:
This course is basically a bundle of following courses:
a) Time Value of Money
b) Cash Flow Statement Analysis
c) Fund Flow Statement Analysis
d) Finance Management Ratio Analysis
e) Learn how to find cost of funds
f) Learn Capital Structuring
g) Learn NPV and IRR Techniques
h) Working Capital Management.
If you are purchasing this course, make sure you don't purchase the above courses.
Also note, this course is also bundled in comprehensive course named
Accounting, Finance and Banking - A Comprehensive Study.
So if you are purchasing above course, make sure you don't purchase this course.
• Category:
Business
What's in the Course?
1. Over 346 lectures and 48 hours of content!
2. Understand Basics of Financial Management
3. Understand Importance of Time Value of Money
4. Understand Financial Ratio Analysis
5. Understand Cash Flow Analysis
6. Understand Fund Flow Analysis
7. Understand Cost of Capital
8. Understand Capital Structuring
9. Understand Capital Budgeting Process
10. Understand Working Capital Management
11. Understand Various sources of Finance
Course Requirements:
1. Students can approach with fresh mind
Who Should Attend?
1. Any one who wants to learn Financial Management comprehensively
2. MBA (Finance) students
3. CA / CMA / CS / CFA / CPA / CIMA
https://wn.com/Case_Study_On_Wacc_(With_Additional_Finance)
FINANCIAL MANAGEMENT – A COMPLETE STUDY
If you enjoyed this content make sure to check the full course. Click on the following link to avail discount.
https://www.udemy.com/financial-management-a-complete-study/?couponCode=YTB10A
Indepth Analysis through 300+ lectures and case studies for CA / CFA / CPA / CMA / MBA Finance Exams and Professionals
------------------------------------------------------------------------------------------------------------------------
Welcome to one of the comprehensive ever course on Financial Management – relevant for any one aspiring to understand Financial Management and useful for students pursing courses like CA / CMA / CS / CFA / CPA, etc. A Course with close to 300 lectures explaining each and every concept in Financial Management followed by Solved Case Studies (Video), Conversational Style Articles explaining the concepts, Hand outs for download, Quizzes and what not??
------------------------------------------------------------------------------------------------------------------------
This course is about Financial Management. By taking up this course, you will have opportunity to learn the all facets of Financial Management.
Knowledge on Financial Management is important for every Entrepreneur and Finance Managers. Ignorance in Financial Management can be disastrous because it would invite serious trouble for the very functioning of the organisation.
This is a comprehensive course, covering each and every topic in detail. In this course,you will learn the Financial Management basic concepts, theories, and techniques which deals with conceptual frame work. Following topics will be covered in this course
a) Introduction to Financial Management (covering role of CFO, difference between Financial Management, Accounting and other disciplines)
b) Time Value of Money
c) Financial Analysis through Ratios (covering ratios for performance evaluation and financial health, application of ratio analysis in decision making).
d) Financial Analysis through Cash Flow Statement
e) Financial Analysis through Fund Flow Statement
f) Cost of Capital of Business (Weighted Average Cost of Capital and Marginal Cost of Capital)
g) Capital Structuring Decisions (Capital Structuring Patterns, Designing optimum capital structure, Capital Structure Theories).
h) Leverage Analysis (Operating Leverage, Financial Leverage and Combined Leverage)
I) Various Sources of Finance
j) Capital Budgeting Decisions (Payback, ARR, MPV, IRR, MIRR)
k) Working Capital Management (Working Capital Cycle, Cash Cost, Budgetary Control, Inventory Management, Receivables Management, Payables Management, Treasury Management)
This course is structured in self learning style.
It will have good number of video lectures covering all the above topics discussed.
Simple English used for presentation.
Take this course to understand Financial Management comprehensively.
Mandatory Disclosure regarding course contents:
This course is basically a bundle of following courses:
a) Time Value of Money
b) Cash Flow Statement Analysis
c) Fund Flow Statement Analysis
d) Finance Management Ratio Analysis
e) Learn how to find cost of funds
f) Learn Capital Structuring
g) Learn NPV and IRR Techniques
h) Working Capital Management.
If you are purchasing this course, make sure you don't purchase the above courses.
Also note, this course is also bundled in comprehensive course named
Accounting, Finance and Banking - A Comprehensive Study.
So if you are purchasing above course, make sure you don't purchase this course.
• Category:
Business
What's in the Course?
1. Over 346 lectures and 48 hours of content!
2. Understand Basics of Financial Management
3. Understand Importance of Time Value of Money
4. Understand Financial Ratio Analysis
5. Understand Cash Flow Analysis
6. Understand Fund Flow Analysis
7. Understand Cost of Capital
8. Understand Capital Structuring
9. Understand Capital Budgeting Process
10. Understand Working Capital Management
11. Understand Various sources of Finance
Course Requirements:
1. Students can approach with fresh mind
Who Should Attend?
1. Any one who wants to learn Financial Management comprehensively
2. MBA (Finance) students
3. CA / CMA / CS / CFA / CPA / CIMA
- published: 24 Mar 2016
- views: 2364
What is the Weighted Average Cost of Capital, WACC?
- Order: Reorder
- Duration: 1:55
- Updated: 16 Oct 2012
- views: 10624
http://www.katsonga.com/girlbanker
Get, To Become An Investment Banker (The Book)
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UK: http://amzn.to/2aIoQAx
@GirlBanker: https://tw...
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Get, To Become An Investment Banker (The Book)
USA: http://amzn.to/2bb5OFH
UK: http://amzn.to/2aIoQAx
@GirlBanker: https://twitter.com/#!/GirlBanker
What is the Weighted Average Cost of Capital, WACC?
http://www.katsonga.com/girlbanker/what-is-wacc-the-weight-average-cost-of-capital
https://wn.com/What_Is_The_Weighted_Average_Cost_Of_Capital,_Wacc
http://www.katsonga.com/girlbanker
Get, To Become An Investment Banker (The Book)
USA: http://amzn.to/2bb5OFH
UK: http://amzn.to/2aIoQAx
@GirlBanker: https://twitter.com/#!/GirlBanker
What is the Weighted Average Cost of Capital, WACC?
http://www.katsonga.com/girlbanker/what-is-wacc-the-weight-average-cost-of-capital
- published: 16 Oct 2012
- views: 10624
WACC - Средневзвешенная стоимость капитала (+CAPM)
- Order: Reorder
- Duration: 31:06
- Updated: 28 Apr 2016
- views: 3299
Weighted Average Cost of Capital (WACC) Breakdown
- Order: Reorder
- Duration: 22:03
- Updated: 09 Feb 2016
- views: 1284
- Playlist
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9:29
Weighted Average Cost of Capital (WACC)
This video explains the concept of WACC (the Weighted Average Cost of Capital). An exampl...
published: 11 Feb 2014
Weighted Average Cost of Capital (WACC)
Weighted Average Cost of Capital (WACC)
- Report rights infringement
- published: 11 Feb 2014
- views: 114698
9:50
Weighted Average Cost of Capital (WACC) in 3 Easy Steps: How to Calculate WACC
OMG I'm SHOCKED so easy clicked here http://mbabullshit.com/blog/2011/08/06/wacc-weighted-...
published: 08 Mar 2010
Weighted Average Cost of Capital (WACC) in 3 Easy Steps: How to Calculate WACC
Weighted Average Cost of Capital (WACC) in 3 Easy Steps: How to Calculate WACC
- Report rights infringement
- published: 08 Mar 2010
- views: 342721
2:17
3 Minutes! Weighted Average Cost of Capital (wacc)
omg I'm SHOCKED so easy clicked here http://mbabullshit.com/ for Weighted Average Cost of ...
published: 28 Mar 2013
3 Minutes! Weighted Average Cost of Capital (wacc)
3 Minutes! Weighted Average Cost of Capital (wacc)
- Report rights infringement
- published: 28 Mar 2013
- views: 230744
6:48
how to calculate WACC (simple example) Weighted Average Cost of Capital .mp4
Hi Guys,
this video will teach you a simple example how to calculate the WACC
Weighted Av...
published: 31 Jul 2012
how to calculate WACC (simple example) Weighted Average Cost of Capital .mp4
how to calculate WACC (simple example) Weighted Average Cost of Capital .mp4
- Report rights infringement
- published: 31 Jul 2012
- views: 100475
17:56
WACC, Cost of Equity, and Cost of Debt in a DCF
In this WACC and Cost of Equity tutorial, you'll learn how changes to assumptions in a DCF...
published: 23 Sep 2014
WACC, Cost of Equity, and Cost of Debt in a DCF
WACC, Cost of Equity, and Cost of Debt in a DCF
- Report rights infringement
- published: 23 Sep 2014
- views: 41190
2:37
[Sunway HANU] - Chi phí sử dụng vốn bình quân - WACC là gì? - Investopedia
Chi phí sử dụng vốn bình quân - một phương thức các nhà đầu tư dùng để nghiên cứu cân nhắc...
published: 23 Sep 2013
[Sunway HANU] - Chi phí sử dụng vốn bình quân - WACC là gì? - Investopedia
[Sunway HANU] - Chi phí sử dụng vốn bình quân - WACC là gì? - Investopedia
- Report rights infringement
- published: 23 Sep 2013
- views: 7449
9:45
Case study on WACC (with Additional Finance)
FINANCIAL MANAGEMENT – A COMPLETE STUDY
If you enjoyed this content make sure to check the...
published: 24 Mar 2016
Case study on WACC (with Additional Finance)
Case study on WACC (with Additional Finance)
- Report rights infringement
- published: 24 Mar 2016
- views: 2364
1:55
What is the Weighted Average Cost of Capital, WACC?
http://www.katsonga.com/girlbanker
Get, To Become An Investment Banker (The Book)
USA: htt...
published: 16 Oct 2012
What is the Weighted Average Cost of Capital, WACC?
What is the Weighted Average Cost of Capital, WACC?
- Report rights infringement
- published: 16 Oct 2012
- views: 10624
31:06
WACC - Средневзвешенная стоимость капитала (+CAPM)
WACC (включая CAPM) - подробное пошаговое объяснение финансового инструмента .
published: 28 Apr 2016
WACC - Средневзвешенная стоимость капитала (+CAPM)
WACC - Средневзвешенная стоимость капитала (+CAPM)
- Report rights infringement
- published: 28 Apr 2016
- views: 3299
22:03
Weighted Average Cost of Capital (WACC) Breakdown
University Corporate Finance
Ryerson - FIN 401, FIN401
published: 09 Feb 2016
Weighted Average Cost of Capital (WACC) Breakdown
Weighted Average Cost of Capital (WACC) Breakdown
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- published: 09 Feb 2016
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Weighted Average Cost of Capital (WACC)...
Weighted Average Cost of Capital (WACC) in 3 Easy ...
3 Minutes! Weighted Average Cost of Capital (wacc)...
how to calculate WACC (simple example) Weighted Av...
WACC, Cost of Equity, and Cost of Debt in a DCF...
![[Sunway HANU] - Chi phí sử dụng vốn bình quân - WACC là gì?](http://web.archive.org./web/20170629084744/https://i.ytimg.com/vi/2qznksPrj1U/0.jpg)
[Sunway HANU] - Chi phí sử dụng vốn bình quân - WA...
Case study on WACC (with Additional Finance)...
What is the Weighted Average Cost of Capital, WACC...
WACC - Средневзвешенная стоимость капитала (+CAPM)...
Weighted Average Cost of Capital (WACC) Breakdown...
See more photos of wacc
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Lyrics list:lyrics
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My World, O.C.
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Let It Slide, O.C.
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Jewelz, O.C.
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Dangerous, O.C.
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Born 2 Live, O.C.
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No Main Topic, O.C.
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Memory Lane, O.C.
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You And Yours, O.C.
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Ya Don't Stop, O.C.
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Xorcise, O.C.
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My World
Uh, yeah y'know, shit is wild he, heh
Can't complain though I'm alive
Healthy and all a that knahmsayin?
Just tryin' to do my thang, praise to all
Bust it that nigga Slick Rick said, I waited long time sweatin' it
I got jerked but now I'm gettin' it, hazy like asthma bizarre disaster
Stress almost held me down from bein' a master
The faster preacher, poet, a teacher, it's been so long like Monifah
Believe that I'm needed, in rappin', I breathe this
Some pick up a microphone and can't even achieve this
Oscar award winning your shit, I'm bored with it
Stop copy-catting son
(Why?)
'Cause your dog did it
Get your own lingo, make up your own jingle
Ten years later you be bitin' my single
Primo, take it downtown, swing it
Intervenin' on the board, sensimil steamin', yeah
Catch the vibe like a tribal dance
In the clubs on the low with the boy stance
Money rubbin' with a shorty got bumped by a chump
Tell him, step off, I'm doin' the hump, yeah
I say it's my world and I won't stop
And if you stand in my way you bound to get dropped
Some wish that I was gone 'cause they know I'ma win
In a minute, I'll be makin' six G's times ten
I'm the computer, printin' out data take notes
Then analyze the information and press send
Freaky like porno, Ron Jeremy saw no
Obstacle or pussy to stop him from bonin' a hoe
Me and the mic double trouble
Chicks look at us like twins, all lovable and huggable
Prognosis, on the, mic I choke out
Had the same effects from coughin', blowin' smoke out
Architect, rap technician, man listen
It's no doubt you gonna pump this in your system
My skills ill and all of that above
Confidence, I'm not worried 'bout a street buzz
I'm O.C., who you? I never heard of ya
Get out my face 'fore I turn into a motherfuckin' murderer
I want the green like indo, a mansion, a car
A wife who's never been a bimbo
Too much to ask, well, to me that's simple
Wanna retire on a yacht called the S. S. Minnow
I say it's my world and I won't stop
And if you stand in my way, you bound to get dropped
I say it's my world and I won't stop
And if you stand in my way, you bound to get dropped
I say it's my world and I won't stop
And if you stand in my way, you bound to get dropped
I say it's my world and I won't stop
And if you stand in my way, you bound to get dropped
Top choice, this here nigga got poise
Ain't a man alive who could stop my noise
I snatch a star from the sky, spark up your lye
You stand astounded wonderin' how I did it
Now you're star struck, like I truck gold
Treatin' me like a nigga havin' a million records sold
Now a star child, phenomenon like the X-Files
Rappers know I'm comin' so they go in exile
Czar in this rap shit, comin' on your mattress
Microphone fiend, I make beats do back flips
Fear me like genocide, serious
How I do it through your stereo, mysterious
O.C. do demolition, nil competition
Like robot Kong on a destroy mission
A matter of life and death you try to fight for breath
I snatch your heart from a slice through your chest
Who the best from New York to Bogota?
Who got face thinkin' they scare me with a scar, shit?
What I be bringin' is a terrible sight
A performance never again performed on the mic
I say it's my world and I won't stop
And if you stand in my way, you bound to get dropped
I say it's my world and I won't stop
And if you stand in my way, you bound to get dropped
I say it's my world and I won't stop
And if you stand in my way, you bound to get dropped
I say it's my world and I won't stop
And if you stand in my way, you bound to get dropped
back
Australian Cardinal, Top Adviser to Pope, Charged With Sex Offenses
Edit WorldNews.com 29 Jun 2017
A cardinal that is in charge of the Vatican's finances was charged by Australian police on Thursday with multiple sexual offenses, according to The Washington Post ... Victoria police said they notified Pell's legal representation that he was charged and needs to appear in court on July 18 ... Pell serves as the secretariat of the economy in the Vatican in aj job that's been called the second-most-powerful role in Rome after the pope ... ....
back
Mariah Carey Stirs Controversy in Israel
Edit The Oklahoman 28 Jun 2017
The pop star is at the center of a media storm after fielding questions about former fiancée James Packer's link to a corruption investigation involving Israeli Prime Minister Benjamin Netanyahu ... “How am I supposed to know? I don’t know, for real....
back
North Korea to give death penalty to Kim Jong Un assassination plotters
Edit Mid Day 29 Jun 2017
North Korean leader Kim Jong-Un. Pic/AFP. North Korea said it would impose the death penalty on those involved in an assassination plot against its top leader Kim Jong Un ... North Korea has got enough evidence to prove that Park started plotting to kill Kim since late 2015, said the statement ... ....
back
Italy Threatens EU With Closing Ports To Boats With Migrants
Edit WorldNews.com 29 Jun 2017
Italy's European Union representative, Maurizio Massari, sent a letter on Wednesday that warned Italy was considering closing their ports to vessels from foreign countries that are bringing migrants, according to BBC News. Massari called the situation "unsustainable" with Italian Prime Minister Paolo Gentiloni accusing of their European neighbors of "looking the other way." ... -WN.com, Maureen Foody....
back
United Flight Fiasco: Baby Rushed To Hospital After Sitting On 90° F Plane For Two Hours
Edit WorldNews.com 28 Jun 2017
United Airlines is red-faced again following another bad publicity incident last week involving the airline and a 4-month-old passenger who was rushed to the hospital after sitting on a hot plane in record-breaking heat, NBC News reported ... The report said France and her son boarded United Airlines flight 4644 around 1.20 p.m. Thursday expecting to take off 30 minutes later ... “And then he went limp in my arms ... – WN.com, Jack Durschlag....
Nvidia Is Fundamentally Strong - A DCF Analysis
Edit Seeking Alpha 29 Jun 2017
The stock of Nvidia (NVDA) has surged more than 200% over last year, and now many investors are cautious about the price and wait for a correction ... However, I believe Nvidia is fairly valued, which is supported by the company’s fundamentals ... Thus, in this article, I value the company using DCF model to determine whether the current stock price is fundamentally justified ... 2 ... Then goes the WACC ... The WACC is, therefore, estimated to be 13% ... ....
Cisco 840-425 pdf dumps
Edit Community news 29 Jun 2017
Passtcert Cisco 840-425 pdf dumps are no other sites in the world can match. Of course, this is not only the problem of quality, it goes without saying that our quality is certainly the best. More important is that Passtcert Cisco 840-425 pdf dumps are applicable to all the IT exam. So the website of Passtcert can get the attention of a lot of candidates. They believe and rely on us ... ... A. KPI's. B. TCO. C. ROI. D. ROCE. E. WACC. Answer. A ... A ... B ... C ... D ... E....
NIC Inc.: Niche Government Play
Edit Seeking Alpha 28 Jun 2017
Its revenues are "sticky" and recurring, coming primarily from long-dated contracts ... It also provides them to multiple government agencies, including many states. The business ... Despite what appears to be a very cash-rich, lucrative niche business, there's still some concern for me personally, mostly revolving around its attractive economic profits (aka the spread between its ROIC and its weighted average cost of capital, or WACC) ... ....
Will National Health Investors Become A Consolidator?
Edit Seeking Alpha 28 Jun 2017
We all know that repealing healthcare is an essential part of President Trump's broader agenda, especially now that the Better Care Reconciliation Act of 2017 is on center stage ... I intend to provide a deeper dive in the upcoming edition of The Forbes Real Estate Investor ... an aging population ... (Photo Source) ... Note ... ... In the July edition of the Forbes Real Estate Investor, I will be providing a dashboard for WACC for all Net Lease REITs ... ....
2 Excellent High-Yield Dividend Growers And Why They Should Merge
Edit Seeking Alpha 28 Jun 2017
8Point3 Energy Partners (CAFD) is one of my favorite high-yield, renewable energy investments ... That in turn, has allowed 8Point3 to provide a very generous, secure, and fast growing (12% to 15% per year) dividend ... NEP Total Return Price data by YCharts ... Source. Earnings Release ... CAFD data by YCharts ... Source ... NextEra Energy Partners ... That's because NEP currently enjoys the lowest weighted average cost of capital (WACC) of any YieldCo by far ... ....
Public Storage Is Dangerously Overvalued
Edit Seeking Alpha 28 Jun 2017
The Short Thesis. Public Storage (NYSE.PSA) is overpriced relative to its former pace of growth and dangerously overpriced relative to future growth ... A bold claim ... I believe all of this is about to change and potentially even reverse ... How do spreads come in? ... Source ... (%) ... Since it would be materially accretive and represent a new avenue of growth for PSA, it may be wise to consider covering if PSA starts using its low WACC to its advantage....
Alphabet: Detailed DCF Valuation
Edit Seeking Alpha 27 Jun 2017
Investment Thesis ... In turn, 87% of Google’s revenue was brought by advertising ... First of all, here is the WACC calculation. ... The result of the model is most sensitive to the WACC and the forecasted revenue growth ... As you can see, the DCF-based target price of Alphabet's shares will correspond to the current level in the case if the CAGR of the revenue decreases to 12% over the next 10 years and the WACC increases to 10% ... Disclosure ... ....
High Multiples, Negative Earnings Proving To Be Toxic For Tesla
Edit Seeking Alpha 27 Jun 2017
Earnings Yield vs ... PEG ... I set the median WACC at 8% ... The model above in the sensitivity analysis shows different WACC values to account for fluctuations in market risk premiums and interest rate/debt fluctuations. If the Fed raises interest rates, that could lower the valuation of Tesla even more because it would increase the WACC towards around 9%. Lower interest rates would increase the value of Tesla because its WACC would go down ... ....
Tesla Overvalued On Diminished Prospects Of Profitability
Edit Seeking Alpha 27 Jun 2017
*This report was released exclusively to Cho’s Investment Research subscribers first. Tesla Inc ... While Tesla continues the perception of being a tech-focused auto franchise with various capabilities within the solar, battery and car automation segment ... Model revision ... Source. Cho’s Investment Research ... EPS then discount the forward multiple by 11% using the firms WACC, which suggests a valuation of $201 versus our prior PT of $306 ... Source ... ....
Mr. Buffett, It's Time For Tanger
Edit Seeking Alpha 27 Jun 2017
Most all Retail REITs got a nice boost yesterday thanks to Berkshire Hathaway (BRK.A) (NYSE.BRK.B). As I explained in a recent article,. Net Lease REITs should get a nice boost today thanks to Warren Buffett. More specifically, Berkshire Hathaway is now a 9.8% owner in Scottsdale-based STORE Capital ... Forth Worth, TX ... In the July edition of the Forbes Real Estate Investor, I will be providing a dashboard for WACC for all Net Lease REITs ... ....
As The Wealthy Get Wealthier, So May Wal-Mart's Investors
Edit Seeking Alpha 27 Jun 2017
(Note. Subscribers to Main Street Value Investor Marketplace received the first look at this research.). Wal-Mart Stores, Inc ... WMT PE Ratio data by YCharts ... Wal-Mart U.S ... To be sure, the return on capital is only as good as the company's weighted average cost of capital (OTC.WACC) ... At 2.62% WACC, as of this writing, Wal-Mart is generating returns on invested capital that is more than six times the company's average cost of that capital ... ....
Valuing Starbucks With Economic Profit Models
Edit Seeking Alpha 26 Jun 2017
Starbucks WACC. Given the low interest rate environment, I calculated Starbucks' WACC to be around 6.62% ... 10 Year, then Starbuck's WACC increased to 8.2% ... My economic profit model projects the next 10 years for ROIC, Invested Capital, WACC, and NOPAT (Net Operating Profit After Tax) ... For WACC, I used the average WACC for the Food and Beverage Industry ... I brought this down to equal WACC ... WACC Discount Rate ... WACC Discount Rate....
Starbucks Stock: A Solid Buy
Edit Seeking Alpha 26 Jun 2017
With WACC of 6.43% and return on invested capital around 32.3% the economic profit generated is huge ... For the DCF calculation, I have used a WACC of 6.43%. The table below contains the key values used for arriving at the final WACC value. Input for WACC Calculation Beta 0.775. Risk Free Rate 2.19% ... WACC 6.43% ... The value of shares varies from $50.83 (when growth rate is 7% and WACC is 8%) to $141.55 (when growth rate is 9% and WACC is 5%) ... ....
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