WACC Calculator
Output Input Cost of Debt Cost of Equity
Cost of Equity 8.34% Equity % 60.00% Risk free rate 3% Risk free rate 2.50%
Cost of Debt 4.23% Debt % 40.00% Corporate rating AA
Debt Ratio 40.00% Total 100.00% Corporate risk premium 400 pb Market Risk Premium * 6.50%
Equity Ratio 60.00% Cost of Debt (Pre-tax) 6.50% Country Risk Spread ** 0.00%
Levered Beta *** 1.28
Corporate Tax Rate 35% Equity Risk Premium 8.34%
WACC 6.70% D/E 0.67 Cost of Debt 4.23%
Cost of Equity 10.84%
Sensitivity Market Premium
9.0%
6.7% 6% 6.5% 7.0% 7.5% 8.0% 8.3%
5.0% 8.0% Cost of debt 4.2% Beta Calculator
10.0% 7.0% cost of equity 8.3%
6.7% Company Levered Beta Debt Equity Debt/Equity Tax Rate Unlevered Beta
20.0% WACC 6.7% Company A 1.23 520 1,125 46.22% 31% 0.93
6.0%
30.0% Company B 1.31 500 868 57.60% 30% 0.93
40.0% 5.0% Company C 1.15 460 788 58.41% 29% 0.81
4.2%
Equity % 50.0% 4.0% Company D 1.12 600 1,125 53.33% 33% 0.83
60.0% Company E 1.25 450 900 50.00% 30% 0.93
3.0%
70.0% Median 1.23 53.33% 30.00% 0.90
80.0% 2.0%
90.0% 1.0% Levered Beta 1.28
100.0%
0.0%
Cost of debt cost of equity WACC * Data source https://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/ctryprem.html
** Data source https://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/ctryprem.html
Notes *** unlevered beta= levered beta/(1+(1-tax rate)*D/E)
1 Market Premium and Country spread are sourcing from Home Page of Aswath Damodaran - NYU Stern which has been done and
updated periodically by professor Damodaran. The data is mostly based on American industries. For specific industry of other economic area,
more data research maight be performed.
Porfolio Optimization Calculator
Assumption
Portfolio Return % 0.15%
Expected Return % 0.15%
Portfolio
Stock Avg. Hist Return %
APPL 0.24% 94.66%
FACEBOOK (1.59%) 4.94%
MSFT (0.13%) 0.10%
AMZN (0.44%) 0.10%
P&G 0.14% 0.10%
JNJ (0.01%) 0.10%
Profolio Return 0.15% 100.0%
Covariance Metrics
APPL FB MSFT AMZN
APPL 0.001630 0.001035 0.001227 0.001394
FB 0.001035 0.003630 0.001140 0.000738
MSFT 0.001227 0.001140 0.001493 0.001314
AMZN 0.001394 0.000738 0.001314 0.002879
P&G 0.000647 0.000549 0.000518 0.000493
JNJ 0.000385 0.000230 0.000357 0.000314
Standard Deviation 0.03998 0.05967 0.03827 0.05314
Portfolio SD 0.00157
SOLVER Configuration
Objective Portfolio SD Minimize C29
Changing variables cells % of portfolio D10:D15
Restrictions C16= expected return
D10>=0
D11>=0
D12>=0
D13>=0
D14>=0
D15>=0
D16=1
APPL FB MSFT AMZN
8/23/2021 3.8% 1.0% 0.5% 3.8%
8/30/2021 (3.5%) 0.6% (1.8%) (0.3%)
9/6/2021 (2.0%) (3.8%) 1.4% (0.2%)
9/13/2021 0.6% (3.3%) (0.2%) (1.1%)
9/20/2021 (2.9%) (2.9%) (3.5%) (4.2%)
9/27/2021 0.2% (3.9%) 2.0% 0.2%
10/4/2021 1.3% (1.6%) 3.1% 3.6%
10/11/2021 2.6% (0.0%) 1.6% (2.2%)
10/18/2021 0.7% (0.3%) 7.0% 1.1%
10/25/2021 1.0% 5.3% 1.3% 4.3%
11/1/2021 (0.7%) (0.1%) 0.2% 0.2%
11/8/2021 6.8% 1.3% 1.9% 4.2%
11/15/2021 (2.4%) (3.6%) (3.8%) (4.8%)
P&G JNJ 11/22/2021 3.2% (8.2%) (2.0%) (3.3%)
0.000647 0.000385 11/29/2021 10.3% 7.2% 5.9% 1.6%
0.000549 0.000230 12/6/2021 (4.7%) 1.2% (5.6%) (1.3%)
0.000518 0.000357 12/13/2021 3.0% 0.4% 3.3% 0.6%
0.000493 0.000314 12/20/2021 0.7% 0.3% 0.5% (2.6%)
0.000891 0.000281 12/27/2021 (3.1%) (1.4%) (6.9%) (2.5%)
0.000281 0.000502 1/3/2022 0.5% 0.0% (1.2%) (0.3%)
1/10/2022 (6.4%) (9.1%) (4.7%) (12.8%)
0.02956 0.02219 1/17/2022 4.8% (0.5%) 4.0% 0.9%
1/24/2022 1.2% (24.1%) (0.8%) 9.1%
1/31/2022 (2.1%) (7.7%) (3.6%) (2.8%)
2/7/2022 (0.8%) (6.3%) (2.4%) (0.5%)
2/14/2022 (1.5%) 2.1% 3.4% 0.8%
2/21/2022 (1.0%) (5.1%) (2.5%) (5.4%)
2/28/2022 (5.3%) (6.4%) (3.4%) (0.1%)
3/7/2022 5.8% 14.3% 7.0% 10.3%
3/14/2022 6.3% 2.4% 1.1% 2.2%
3/21/2022 (0.2%) 1.4% 1.9% (0.7%)
3/28/2022 (2.5%) (1.1%) (4.1%) (5.7%)
4/4/2022 (2.9%) (5.6%) (5.9%) (1.8%)
4/11/2022 (2.1%) (13.2%) (2.1%) (5.0%)
4/18/2022 (2.6%) 8.5% 1.3% (15.0%)
4/25/2022 (0.2%) 1.6% (1.0%) (8.0%)
5/2/2022 (6.5%) (2.6%) (5.1%) (1.5%)
5/9/2022 (6.7%) (2.6%) (3.3%) (5.0%)
5/16/2022 8.4% 0.8% 8.1% 6.8%
5/23/2022 (2.9%) (2.3%) (1.2%) 6.1%
5/30/2022 (5.8%) (8.3%) (6.5%) (11.0%)
6/6/2022 (4.1%) (7.0%) (2.1%) (3.2%)
6/13/2022 7.4% 3.8% 7.8% 9.2%
6/20/2022 (1.9%) (6.1%) (3.1%) (6.1%)
6/27/2022 5.7% 6.6% 3.1% 5.3%
7/4/2022 2.1% (3.7%) (4.2%) (1.7%)
7/11/2022 2.6% 2.7% 1.4% 7.5%
7/18/2022 5.3% (6.2%) 7.5% 9.7%
7/25/2022 1.7% 4.9% 0.8% 4.2%
8/1/2022 4.1% 7.7% 3.1% 1.9%
8/8/2022 (0.3%) (7.2%) (2.0%) (3.8%)
8/15/2022 (2.3%) (3.0%) (2.8%) (3.7%)
P&G JNJ APPL FB MSFT AMZN
1.2% 1.8% 8/23/2021 147.77 372.63 297.23 167.48
0.1% (4.7%) 8/30/2021 153.44 376.26 298.64 173.90
0.1% (1.3%) 9/6/2021 148.14 378.69 293.25 173.46
(0.5%) (0.2%) 9/13/2021 145.25 364.72 297.38 173.13
(2.8%) (2.4%) 9/20/2021 146.10 352.96 296.86 171.28
1.5% 0.3% 9/27/2021 141.86 343.01 286.70 164.16
1.9% 0.2% 10/4/2021 142.10 330.05 292.40 164.43
(2.5%) 1.5% 10/11/2021 144.03 324.76 301.68 170.45
2.1% (0.5%) 10/18/2021 147.86 324.61 306.59 166.78
2.1% 0.3% 10/25/2021 148.97 323.57 328.87 168.62
0.4% 1.0% 11/1/2021 150.44 341.13 333.27 175.95
0.2% (1.3%) 11/8/2021 149.37 340.89 333.92 176.26
0.4% (2.3%) 11/15/2021 159.89 345.30 340.26 183.83
1.6% 0.8% 11/22/2021 156.16 333.12 327.54 175.23
3.7% 3.8% 11/29/2021 161.17 306.84 320.91 169.49
1.3% 1.6% 12/6/2021 178.71 329.75 340.32 172.21
1.7% 0.0% 12/13/2021 170.43 333.79 321.70 170.02
2.2% 1.7% 12/20/2021 175.55 335.24 332.52 171.07
(0.5%) 1.7% 12/27/2021 176.84 336.35 334.14 166.72
(1.8%) (3.6%) 1/3/2022 171.46 331.79 312.00 162.55
1.7% (1.8%) 1/10/2022 172.36 331.90 308.19 162.14
(0.8%) 4.1% 1/17/2022 161.74 303.17 294.11 142.64
0.6% (0.1%) 1/24/2022 169.63 301.71 306.26 143.98
(3.3%) (2.3%) 1/31/2022 171.68 237.09 303.95 157.64
2.3% (2.6%) 2/7/2022 168.16 219.55 293.12 153.29
(1.0%) 2.2% 2/14/2022 166.82 206.16 286.06 152.60
(2.0%) 2.1% 2/21/2022 164.38 210.48 295.99 153.79
(8.0%) (0.1%) 2/28/2022 162.70 200.06 288.57 145.64
4.7% 3.2% 3/7/2022 154.29 187.61 278.83 145.52
1.8% 1.2% 3/14/2022 163.51 216.49 299.10 161.25
1.5% 0.7% 3/21/2022 174.22 221.82 302.33 164.77
3.2% 2.2% 3/28/2022 173.81 224.85 308.05 163.56
(1.0%) (1.2%) 4/4/2022 169.60 222.33 295.65 154.46
1.7% 0.9% 4/11/2022 164.82 210.18 278.59 151.71
0.1% (0.6%) 4/18/2022 161.33 184.11 272.81 144.35
(2.9%) (2.3%) 4/25/2022 157.20 200.47 276.29 124.28
(1.5%) 0.3% 5/2/2022 156.83 203.77 273.51 114.77
(8.0%) 0.1% 5/9/2022 146.91 198.62 259.96 113.06
4.8% 2.3% 5/16/2022 137.40 193.54 251.44 107.59
(1.9%) (2.0%) 5/23/2022 149.43 195.13 272.66 115.15
(2.7%) (2.2%) 5/30/2022 145.18 190.78 269.45 122.35
(7.0%) (1.8%) 6/6/2022 136.94 175.57 252.45 109.65
8.7% 7.3% 6/13/2022 131.38 163.74 247.13 106.22
1.2% (1.5%) 6/20/2022 141.46 170.16 267.13 116.46
(0.7%) (0.7%) 6/27/2022 138.74 160.03 259.03 109.56
0.0% (0.0%) 7/4/2022 146.84 170.88 267.09 115.54
(1.4%) (3.5%) 7/11/2022 149.96 164.70 256.18 113.55
(2.3%) 1.4% 7/18/2022 153.88 169.27 259.81 122.42
4.1% (2.0%) 7/25/2022 162.28 159.10 280.15 134.95
1.3% (3.5%) 8/1/2022 165.12 167.11 282.31 140.80
2.1% 2.4% 8/8/2022 172.10 180.50 291.29 143.55
(0.3%) (1.0%) 8/15/2022 171.52 167.96 285.54 138.23
8/22/2022 167.57 163.05 277.75 133.22
P&G JNJ
138.99 167.49
140.69 170.54
140.76 162.68
140.97 160.52
140.20 160.14
136.32 156.35
138.42 156.80
141.05 157.16
137.54 159.51
140.52 158.70
143.51 159.23
144.02 160.77
144.28 158.70
144.92 155.11
147.29 156.30
152.77 162.29
154.74 164.98
157.33 165.00
160.75 167.77
159.92 170.59
157.05 164.60
159.81 161.69
158.58 168.47
159.59 168.32
154.42 164.47
157.98 160.21
156.34 163.84
153.28 167.27
141.50 167.15
148.35 172.56
151.00 174.62
153.23 175.87
158.18 179.75
156.67 177.56
159.32 179.18
159.51 178.11
154.99 174.07
152.63 174.55
140.88 174.68
147.76 178.73
144.95 175.24
141.03 171.40
131.51 168.33
143.42 181.07
145.17 178.32
144.08 177.09
144.13 177.04
142.10 170.97
138.91 173.36
144.72 169.97
146.67 164.20
149.73 168.18
149.33 166.47
