CMS
CMS Energy Corp
Price:  
60.87 
USD
Volume:  
2,479,524.00
United States | Multi-Utilities
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CMS WACC - Weighted Average Cost of Capital

The WACC of CMS Energy Corp (CMS) is 5.8%.

The Cost of Equity of CMS Energy Corp (CMS) is 7.40%.
The Cost of Debt of CMS Energy Corp (CMS) is 4.60%.

Range Selected
Cost of equity 6.30% - 8.50% 7.40%
Tax rate 18.40% - 19.20% 18.80%
Cost of debt 4.00% - 5.20% 4.60%
WACC 5.0% - 6.6% 5.8%
WACC

CMS WACC calculation

Category Low High
Long-term bond rate 3.9% 4.4%
Equity market risk premium 4.6% 5.6%
Adjusted beta 0.53 0.65
Additional risk adjustments 0.0% 0.5%
Cost of equity 6.30% 8.50%
Tax rate 18.40% 19.20%
Debt/Equity ratio 0.78 0.78
Cost of debt 4.00% 5.20%
After-tax WACC 5.0% 6.6%
Selected WACC 5.8%