Lissafta matsakaicin kuɗin jari (WACC) — ƙimar rangwame da ake amfani da ita don kimanta kamfani ko aiki (DCF). Tare da dabarar CAPM don kuɗin ãdalci.
| Sashe | Daraja |
|---|---|
| WACC | (E/V) × Re + (D/V) × Rd × (1 − Tc) |
| CAPM (Re) | Re = Rf + β × (Rm − Rf), inda (Rm−Rf) = ƙarin haɗarin kasuwa |
| Kariya daga haraji kan bashi | (1 − Tc) — interest reduces taxable profit |
Ana amfani da WACC a matsayin ƙimar rangwame a cikin hanyoyin kimanta DCF (rangwamen kuɗi) — yayin da haɗari ya ƙaru (β mafi girma, nauyin bashi mafi girma), WACC yana ƙaruwa kuma ƙimar yanzu na aikin/kamfani tana raguwa.
WACC ita ce ƙimar rangwamen da ake amfani da ita don kimanta kamfani ko aikin zuba jari ta hanyar DCF (hanyar rangwamen kuɗi). Ƙaramin WACC yana nufin ƙarin ƙimar yanzu na kuɗin da za a samu nan gaba.
Ribar da ake biya akan lamuni tana rage ribar kamfani da ake haraji (garkuwar haraji), don haka ainihin kuɗin bashi ga kamfani ya fi ƙasa da adadin riba na suna.
Ga kamfanoni da aka jera, ana lissafta beta daga saurin canjin farashin hannun jari dangane da kasuwa (duba kasuwar hannun jari data). Ga kamfanoni masu zaman kansu, ana amfani da beta na wani kamfani na jama'a mai kama da shi, wanda aka daidaita da tsarin Hamada don rabon bashi zuwa daidaito.
Ya dogara da fannin da haɗari — ga fannoni masu karko (kayan aiki, ababen more rayuwa) WACC yakan kasance 6–9%, yayin da ga kamfanonin fasaha/haɓaka zai iya kasancewa 10–15% ko fiye.
e-Buhalteris na samar da duk bayanan kuɗi (riba, basussuka, takardar ma'aunin kuɗi) da kake buƙata don kimanta aiki.
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