作者shayneliu (呼叫同在雪梨的乡民)
看板Accounting
标题分析公司财务结构cost of debt/equity/WACC
时间Wed Sep 23 11:45:40 2009
CPA(Commonwealth Property Office) financial snapshot in 2009
Distribution per unit(DPU) 8.8 cpu
net property income $233.4 million
gross assets $ 3.0 billion
NTA $1.15 per unit
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Debt statistics
total borrowing$m 856.8
borrowing to total assets 27.4%
Weighted average interest rate (incl. Margin and Line fee) (%)7.1
Weighted average maturity3.0%
weighted average interest rate on hedged debt 5.9%
debt hedged 105%
weighted average duration of hedged debt 6.2yrs
Credit rating -
Moody's
Short-term P-2
Long-term A3 -
Standard & Poor's
Short-term A2
Long-term A-
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Cost of Equity
CPA have given FY 2010 DPS guidance of 5.3cps
CPA’s current share price is $0.74
The distribution yield is 7.16%, ignoring whatever discount CPA would need to issue at
问题:
1.What factors are likely to influence the cost of debt for CPA in the next two years?
2. calculate the cost of debt?
3.What factors are likely to influence CPA’s cost of equity over the next two years?
4.assessment of WACC
麻烦各位了如果需要补充任何资料请说谢谢
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