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Topic: WACC

In the News (Tue 2 Dec 08)

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	WACC \| 10. Christchurch International Airport \| Part A - Main Report
		The cost of debt is estimated for the same period as that used to determine the risk-free rate (the period for which prices are set) and not the duration of the airport's assets or its debt.
		The Commission uses a nominal WACC in order to be consistent with its approach to asset base and analysis of historical returns.
		This WACC was used by CIAL to determine its new landing charges announced December 2000.
	www.med.govt.nz /templates/MultipageDocumentPage____10492.aspx (789 words)

	The Weighted Average Cost of Capital
		The weighted cost of capital (WACC) and the return on invested capital (ROIC) are the most important elements in company valuation and the basis for most strategy and performance evaluation methods.
		WACC is the discount rate (time value of money) used to convert expected future cash flow into present value for all investors.
		Now, to be able to calculate WACc we need to know the value of the company, but to calculate that value we need to know the WACc.
	www.fenews.com /fen49/best-of-fen/best-fen.htm (521 words)

	WACC
		Weighted average cost of capital (WACC) is the return that the providers of a company's capital require.
		The WACC is the weighted average of the costs of each of the different types of capital.
		WACC unifies the costs of sources of capital that are subject to different tax treatments.
	moneyterms.co.uk /wacc (342 words)

	GMMP - Who is WACC
		WACC's key concerns are media diversity, equal and affordable access to communication and knowledge, media and gender justice, and the relationship between communication and power.
		WACC's worldwide membership works with faith-based and secular partners at grassroots, regional and global levels, giving preference to the needs of the poor, marginalised and dispossessed.
		WACC is an international ecumenical professional organisation that promotes communication rights for social change.
	www.whomakesthenews.org /about_us/who_is_wacc (504 words)

	Manual for Discounting Oil and Gas Income
		The WACC is measured by weighting the typical oil company debt and equity costs by the typical oil company debt and equity capital structure percentages, and then adding the weighted costs.
		If the appraiser calculates a typical effective income tax rate from a representative sample of petroleum companies that could participate in the market for the property that he or she is appraising, he or she may substitute that typical effective income tax rate for the statutory rate.
		The WACC estimating technique is illustrated in Appendix 2.
	www.window.state.tx.us /taxinfo/proptax/ogman (3665 words)

	Partner Interview: "Taking Sides" with the WACC
		WACC: There has been a progressive decline in the numbers of journalists from the North actually living in the developing world.
		WACC: In order for change to happen, there is a need to make some basic improvements in the teaching of journalism as a craft.
		Most importantly, WACC was recognized as standing with those who might otherwise stand alone in their communications ministry and for us that means we were able to live our motto: WACC.
	www.churchworldservice.org /news/archives/2004/08/230.html (1002 words)

	Home - World Association for Christian Communication (Site not responding. Last check: 2007-10-10)
		WACC General Secretary The Rev. Randy Naylor has signed a Statement in Favor of Life, of Peace, of Equality.
		WACC's sign is hung above main entrance to the new global offices in Toronto, Canada.
		The new global offices of the World Association for Christian Communication (WACC) in Toronto, Canada were inaugurated Monday, 2 October at a service of celebration in the sanctuary of Hope United Church.
	www.wacc.org.uk (482 words)

	About WACC / About WACC / Home - World Association for Christian Communication (via CobWeb/3.1 ... (Site not responding. Last check: 2007-10-10)
		WACC is genuinely ecumenical in its membership and communication activities.
		WACC offers professional guidance on communication policies, interprets developments in global communications, and discusses the consequences which such developments have for Churches and communities everywhere, especially in the South.
		WACC enjoys the support of many funding Partners and works closely with other organisations and movements in Alliances.
	www.wacc.org.uk.cob-web.org:8888 /wacc/about_wacc/about_wacc (437 words)

	Calculating the WACC
		It may be helpful to think of a company's WACC in relation to the weighted average return on your own investment portfolio.
		It's simply the weighted average expected cost for the company's various types of obligations—debt, preferred stock, and common stock—that are issued by the corporation to finance its operations and investments.
		The company's WACC is a very important number, both to the stock market for stock valuation purposes and to the company's management for capital budgeting purposes.
	www.valuepro.net /approach/wacc/wacc.shtml (258 words)

	WACC
		WACC (Weighted Average Cost of Capital) is an expression of this cost.
		For example, if a company works with a WACC of 12%, than this means that only investments should be made and all investments should be made, that give a return higher than the WACC of 12%.
		The costs of capital for any investment, whether for an entire company or for a project, is the rate of return which capital providers would want to receive if they would invest their capital elsewhere.
	www.12manage.com /methods_wacc.html (361 words)

	Weighted Average Cost Of Capital - WACC
		WACC is calculated by multiplying the cost of each capital component by its proportional weight and then summing:
		WACC is the average of the costs of these sources of financing, each of which is weighted by its respective use in the given situation.
		A firm's WACC is the overall required return on the firm as a whole and, as such, it is often used internally by company directors to determine the economic feasibility of expansionary opportunities and mergers.
	www.investopedia.com /terms/w/wacc.asp (384 words)

	The Weighted Average Cost of Capital
		Usually it is calculated both assuming a constant cost of capital and a fixed set of target market value weights [i] throughout the time frame of the analysis.
		As such WACC is a stochastic variable– determined by the probability distributions for yield curves, exchange rates, sale, prices, costs and investments.
		To estimate WACC we then first need to establish the opportunity cost of equity and non-equity financing and then the market value weights for the capital structure.
	www.fenews.com /fen29/sim_in_financialeng_files/sim_in_financialeng.htm (610 words)

	Weighted average cost of capital - Wikipedia, the free encyclopedia
		The weighted average cost of capital (WACC) is used in finance to measure a firm's cost of capital.
		The WACC takes into account the relative weights of each component of the capital structure and presents the expected cost of new capital for a firm.
		In addition, other, more "exotic" sources of financing, such as convertible/callable bonds, convertible preferred stock, etc., would normally be included in the formula if they exist in any significant amounts - since the cost of those financing methods is usually different from the plain vanilla bonds and equity due to their extra features.
	en.wikipedia.org /wiki/WACC (941 words)

	Investors Need A Good WACC
		In discounted cash flow analysis, for instance, WACC is used as the discount rate applied to future cash flows for deriving a business's net present value.
		WACC can be used as a hurdle rate against which to assess ROIC performance.
		The WACC is the weighted average of the cost of equity and the cost of debt based on the proportion of debt and equity in the company's capital structure.
	www.investopedia.com /articles/fundamental/03/061103.asp (1622 words)

	WACC \| 9. Wellington International Airport \| Part A - Main Report
		The Commission considers that the appropriate WACC for the airfield activities of WIAL, as at its last price reset on 1 July 1997, is as follows:
		Using the benchmarks adopted in Chapter 6, and based on advice from Dr Lally, the Commission considers that an asset beta of 0.5, within a range of 0.4 to 0.6, is appropriate for WIAL's airfield activities.
		While not strictly comparable to the current estimates of WIAL, the Commission notes that its WACC range of 8.07% to 10.67% overlaps slightly (at the upper end) with the current WACC range adopted by WIAL.
	www.med.govt.nz /templates/MultipageDocumentPage____10477.aspx (805 words)

	WACC - Weighted Average Cost of Capital
		WACC (Weighted Average Cost of Capital) is an expression of this cost and is used to see if certain intended investments or strategies or projects or purchases are worthwhile to undertake.
		So for example if a company works with a WACC of 12%, than this means that only (and all) investments should be made that give a return higher than the WACC of 12%.
		The cost of capital for any investment, whether for an entire company or for a project, is the rate of return capital providers would expect to receive if they would invest their capital elsewhere.
	www.valuebasedmanagement.net /methods_wacc.html (394 words)

	ArtInc
		The WACC office must be notified seven (7) days in advance and the office staff will post the activity on the tennis court gates..
		Outside Groups in Which a WACC Property Owner is a Member and Sponsor: Clubhouse use by outside groups is discouraged and requires WACC Board approval prior to making a reservation.
		A reasonable effort shall be made by the WACC to provide snow removal sufficient to allow access to the Clubhouse facility.
	www.citlink.net /~wacc/Policies.html (3296 words)

	Scoop: WACC "out of whack with reality"
		WACC is currently at the centre of a dispute between the Commission and Telecom in calculating the cost of the Kiwi Share service obligation.
		WACC is also likely to be used by the Commerce Commission under Part4A of the Commerce Act to apply some form of price control to lines companies that have breached allowable price and profit thresholds.
		He said CAPM-based WACC estimates were subject to error and “should be treated with considerable caution” because they were “likely to be biased downwards”.
	www.scoop.co.nz /stories/BU0309/S00285.htm (1605 words)

	After 25 Years, Christian Communicators Reflect on Their Role in Addressing Poverty Issues (Site not responding. Last check: 2007-10-10)
		Past and present members of the Central Committee and friends of the World Association for Christian Communication gathered in London for the 25th anniversary of WACC around the theme "Communication and the Globalisation of Poverty", 21-27 June 2000.
		Naylor, formerly a WACC president and currently the Associate General Secretary of the communication division of the National Council of the Churches of Christ in the USA, will take office in July 2001.
		In the final session representatives of some of WACC's partner agencies, including Roel Aalbersberg (ICCO), Kristine Greenaway (WCC), Glenine Hamlyn (EMW), Peter Malone (OCIC), Randy Naylor (NCC-USA), led a panel discussion on how WACC should respond to the challenges posed by the globalisation of poverty.
	gbgm-umc.org /mission/news2000/wacc062700waccsc.stm (477 words)

	Fool.com: A Look at Return on Invested Capital [Fool on the Hill] September 27, 2000
		The WACC represents the minimum rate of return (adjusted for risk) that a company must earn to create value for shareholders and debtholders.
		When the ROIC is greater than the WACC, it means that the firm creates value; otherwise it destroys value.
		The difference between ROIC and WACC is called the ROIC-WACC spread (%), which is one of the most important valuation tools in securities analysis (For more information on the WACC, please read Dale Wettlaufer's Equity Isn't Free).
	www.fool.com /news/foth/2000/foth000927.htm (1263 words)

	WACC '99
		WACC '99 brings together researchers and practitioners from a variety of disciplines who are addressing or facing issues in work activities coordination and collaboration.
		WACC '99 provides a multi-purpose forum for the presentation, discussion, and demonstration of key ideas in this important area.
		WACC '99 invites Panel, Poster, and Informal Research Demonstration submissions.
	serl.cs.colorado.edu /wacc99 (403 words)

	Worked All California Counties
		The Northern California Contest Club sponsors the WACC award for stations working all 58 California counties.
		An excellent way to do this is during the annual CQP (California QSO Party) held the first weekend of October.
		Also be sure to visit Contesting On-Line for the latest news and features about Amateur Radio contesting.
	www.nccc.cc /wacc.html (169 words)

	Valuation Forum: Wd (in WACC formula) (via CobWeb/3.1 planetlab1.netlab.uky.edu) (Site not responding. Last check: 2007-10-10)
		In viewing a recent valuation report, I noticed that the consultant didn't use the actual debt on the balance sheet in the WACC calculation.
		The percentage debt used was 33.3%, which appears to have been derived from an "ideal" debt to equity ratio of 1:2, although differentiation was not expressed anywhere in the report.
		They argument (¿?) the company will move to the optimal capital structure in the future, which can be different from the current capital structure.
	www.managementlogs.com.cob-web.org:8888 /2004/08/wd-in-wacc-formula.html (182 words)

	ValueSim - WACC - WACC
		The correct procedure to calculate the weighted average cost of capital (WACC) is to solve the simultaneous equations giving the unique WACC for every period in the forecast period.
		This is not often done due to the complexity, but ValueSim has this as a standard.
		For more information please download the WACC article.
	www.valuesim.no /wacc/wacc.html (53 words)

	Flickr: The WACC Photographic Competition 2006
		Taking the side of justice and human dignity in media, and promoting diverse media ownership, WACC works for the right to communicate especially in situations of censorship and oppression.
		Un panel de jueces que incluye a miembros de la WACC seleccionará a los ganadores del certamen y además seleccionará las fotografías que serán destinadas a la exposición.
		Tomando partido con la justicia y la dignidad en los medios la WACC lucha por los Derechos de la Comunicación especialmente en situaciones de censura y opresión.
	www.flickr.com /groups/wacc (683 words)

	North American Broadcast Section, World Association for Christian Communication
		The North American Broadcast Section was created in 1970 to hold an annual conference which would be open to all persons in Canada and the United States having an interest in the field of Christian broadcasting.
		From the beginning it affiliated with the WACC in order to assure an international dimension.
		WACC has its office in Toronto, Canada and supports projects in Africa, Asia, the Caribbean, Europe, Latin America, the Middle East, North America, and the Pacific Islands.
	users.aol.com /nabswacc (206 words)

	Westmont - Leadership and Character Development - WACC
		The Westmont Activities and Clubs Council (WACC), working in tandem with WCSA, plans campus-wide events and activities for our students.
		They organize retreats, plan forums and panel discussions, blood drives, concerts, dances, barbecues, study breaks, coffee houses, bring guest speakers to campus, and generally do whatever else brings our students together to help foster community.
		The co-directors are Ryan Lonac and Elizabeth Rusinak, who can be reached at x6795.
	www.westmont.edu /_current_students/pages/leadership/wacc/index.html (88 words)

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