012690.KS WACC - Weighted Average Cost of Capital
The WACC of Monalisa Co Ltd (012690.KS) is 6.9%.
| Range | Selected | |
| Cost of equity | 5.8% - 8.2% | 7% |
| Tax rate | 17.6% - 20.1% | 18.85% |
| Cost of debt | 4.0% - 4.5% | 4.25% |
| WACC | 5.7% - 8.1% | 6.9% |
| Category | Low | High |
| Long-term bond rate | 3.1% | 3.6% |
| Equity market risk premium | 5.8% | 6.8% |
| Adjusted beta | 0.46 | 0.6 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 5.8% | 8.2% |
| Tax rate | 17.6% | 20.1% |
| Debt/Equity ratio | 0.01 | 0.01 |
| Cost of debt | 4.0% | 4.5% |
| After-tax WACC | 5.7% | 8.1% |
| Selected WACC | 6.9% | |
| Debt/Equity | Unlevered | |||
| Peers | Company Name | ratio | Beta | beta |
| 012690.KS | Monalisa Co Ltd | 0.01 | 0.2 | 0.19 |
| 004540.KS | Kleannara Co Ltd | 3.98 | 0.63 | 0.15 |
| 065950.KQ | Welcron Co Ltd | 2.76 | 0.53 | 0.16 |
| 1730.TW | Farcent Enterprise Co Ltd | 0 | 0.19 | 0.19 |
| 2023.HK | China Ludao Technology Company Ltd | 2.09 | -0.16 | -0.06 |
| 3895.T | Havix Corp | 0.35 | 0.42 | 0.33 |
| LIX.VN | LIX Detergent JSC | 0.03 | 0.72 | 0.7 |
| NET.VN | NET Detergent JSC | 0.08 | 0.59 | 0.56 |
| PTL.AX | Pental Ltd | 0 | 1.34 | 1.34 |
| RUBEREX.KL | Rubberex Corporation M Bhd | 0.02 | 1.5 | 1.47 |
| Low | High | |
| Unlevered beta | 0.19 | 0.42 |
| Relevered beta | 0.19 | 0.4 |
| Adjusted relevered beta | 0.46 | 0.6 |
012690.KS'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 012690.KS:
cost_of_equity (7.00%) = risk_free_rate (3.35%) + equity_risk_premium (6.30%) * adjusted_beta (0.46) + 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.