2636.TW WACC - Weighted Average Cost of Capital
The WACC of T3EX Global Holdings Corp (2636.TW) is 5.7%.
| Range | Selected | |
| Cost of equity | 5.9% - 8.4% | 7.15% |
| Tax rate | 20.9% - 22.0% | 21.45% |
| Cost of debt | 4.0% - 4.5% | 4.25% |
| WACC | 4.8% - 6.6% | 5.7% |
| Category | Low | High |
| Long-term bond rate | 2.0% | 2.5% |
| Equity market risk premium | 6.0% | 7.0% |
| Adjusted beta | 0.64 | 0.77 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 5.9% | 8.4% |
| Tax rate | 20.9% | 22.0% |
| Debt/Equity ratio | 0.6 | 0.6 |
| Cost of debt | 4.0% | 4.5% |
| After-tax WACC | 4.8% | 6.6% |
| Selected WACC | 5.7% | |
| Debt/Equity | Unlevered | |||
| Peers | Company Name | ratio | Beta | beta |
| 2636.TW | T3EX Global Holdings Corp | 0.6 | 0.7 | 0.47 |
| 2608.TW | Kerry TJ Logistics Co Ltd | 0.49 | 0.14 | 0.1 |
| 2642.TW | Taiwan Pelican Express Co Ltd | 0.58 | 0.31 | 0.21 |
| 300240.SZ | Jiangsu Feiliks International Logistics Inc | 0.41 | 0.76 | 0.57 |
| 5607.TW | Farglory F T Z Investment Holding Co Ltd | 1.07 | 0.78 | 0.43 |
| 6123.HK | YTO Express (International) Holdings Ltd | 0.09 | 0.91 | 0.85 |
| 8367.TW | Chien Shing Harbour Service Co Ltd | 2.61 | 0.54 | 0.18 |
| 9304.T | Shibusawa Warehouse Co Ltd | 0.51 | 0.69 | 0.49 |
| KSC.AX | K&S Corporation Ltd | 0.14 | -0.23 | -0.21 |
| POS.KL | Pos Malaysia Bhd | 2.8 | 1.21 | 0.38 |
| Low | High | |
| Unlevered beta | 0.31 | 0.45 |
| Relevered beta | 0.46 | 0.66 |
| Adjusted relevered beta | 0.64 | 0.77 |
2636.TW'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 2636.TW:
cost_of_equity (7.15%) = risk_free_rate (2.25%) + equity_risk_premium (6.50%) * adjusted_beta (0.64) + 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.