002436.SZ WACC - Weighted Average Cost of Capital
The WACC of Shenzhen Fastprint Circuit Tech Co Ltd (002436.SZ) is 9.1%.
| Range | Selected | |
| Cost of equity | 8.9% - 11.2% | 10.05% |
| Tax rate | 8.1% - 9.1% | 8.6% |
| Cost of debt | 5.0% - 5.0% | 5% |
| WACC | 8.2% - 10.1% | 9.1% |
| Category | Low | High |
| Long-term bond rate | 2.7% | 3.2% |
| Equity market risk premium | 6.1% | 7.1% |
| Adjusted beta | 1.01 | 1.06 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 8.9% | 11.2% |
| Tax rate | 8.1% | 9.1% |
| Debt/Equity ratio | 0.2 | 0.2 |
| Cost of debt | 5.0% | 5.0% |
| After-tax WACC | 8.2% | 10.1% |
| Selected WACC | 9.1% | |
| Debt/Equity | Unlevered | |||
| Peers | Company Name | ratio | Beta | beta |
| 002436.SZ | Shenzhen Fastprint Circuit Tech Co Ltd | 0.2 | 1.9 | 1.61 |
| 000970.SZ | Beijing Zhong Ke San Huan High-Tech Co Ltd | 0.07 | 1.03 | 0.97 |
| 002273.SZ | Zhejiang Crystal-Optech Co Ltd | 0.02 | 0.87 | 0.86 |
| 002281.SZ | Accelink Technologies Co Ltd | 0.06 | 1.53 | 1.45 |
| 002387.SZ | Visionox Technology Inc | 1.64 | 1.74 | 0.7 |
| 002402.SZ | Shenzhen H&T Intelligent Control Co Ltd | 0.17 | 0.86 | 0.75 |
| 002449.SZ | Foshan Nationstar Optoelectronics Co Ltd | 0.23 | 0.79 | 0.65 |
| 002815.SZ | Suntak Technology Co Ltd | 0.21 | 1.46 | 1.22 |
| 600366.SS | Ningbo Yunsheng Co Ltd | 0.16 | 1.01 | 0.88 |
| 600552.SS | Triumph Science & Technology Co Ltd | 0.42 | 1.2 | 0.87 |
| Low | High | |
| Unlevered beta | 0.87 | 0.92 |
| Relevered beta | 1.01 | 1.09 |
| Adjusted relevered beta | 1.01 | 1.06 |
002436.SZ's CAPM model and how its cost of Equity is calculated
The Cost of Equity reflects the return a company needs to deliver to shareholders to justify the risk of investing in its shares. It’s computed using the Capital Asset Pricing Model (CAPM), which blends the risk-free rate, the stock’s beta, and the market risk premium.
This method evaluates the stock’s risk compared to a safe investment and the market’s overall volatility.
Here’s how we figure out the cost of equity for 002436.SZ:
cost_of_equity (10.05%) = risk_free_rate (2.95%) + equity_risk_premium (6.60%) * adjusted_beta (1.01) + risk_adjustments (0.25%)
We include the risk adjustments, which range from 0% to 1%, to keep our WACC conservatives, especially for companies traded in developing markets.