092460.KQ WACC - Weighted Average Cost of Capital
The WACC of Hanla IMS Co Ltd (092460.KQ) is 7.5%.
| Range | Selected | |
| Cost of equity | 6.6% - 8.8% | 7.7% |
| Tax rate | 10.3% - 12.1% | 11.2% |
| Cost of debt | 4.0% - 4.5% | 4.25% |
| WACC | 6.4% - 8.5% | 7.5% |
| Category | Low | High |
| Long-term bond rate | 3.1% | 3.6% |
| Equity market risk premium | 5.8% | 6.8% |
| Adjusted beta | 0.61 | 0.7 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 6.6% | 8.8% |
| Tax rate | 10.3% | 12.1% |
| Debt/Equity ratio | 0.06 | 0.06 |
| Cost of debt | 4.0% | 4.5% |
| After-tax WACC | 6.4% | 8.5% |
| Selected WACC | 7.5% | |
| Debt/Equity | Unlevered | |||
| Peers | Company Name | ratio | Beta | beta |
| 092460.KQ | Hanla IMS Co Ltd | 0.06 | 0.3 | 0.28 |
| 002230.KQ | PS Tec Co Ltd | 0.34 | 0.32 | 0.24 |
| 004770.KS | Sunny Electronics Co Ltd | 0.01 | 0.57 | 0.57 |
| 019490.KS | Hitron Systems Inc | 0.51 | 0.9 | 0.62 |
| 044780.KQ | HK Co Ltd | 0.57 | 0.5 | 0.33 |
| 064090.KQ | FN Republic Co Ltd | 0.01 | 0.13 | 0.13 |
| 094840.KQ | Suprema HQ Inc | 0 | 0.86 | 0.86 |
| 131220.KQ | Daihan Scientific Co Ltd | 0.06 | 0.51 | 0.48 |
| 181340.KQ | IsMedia Co Ltd | 0.08 | 1.42 | 1.32 |
| 203450.KQ | Union Community Co Ltd | 0.18 | 0.5 | 0.43 |
| Low | High | |
| Unlevered beta | 0.39 | 0.52 |
| Relevered beta | 0.42 | 0.55 |
| Adjusted relevered beta | 0.61 | 0.7 |
092460.KQ'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 092460.KQ:
cost_of_equity (7.70%) = risk_free_rate (3.35%) + equity_risk_premium (6.30%) * adjusted_beta (0.61) + 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.