300353.SZ WACC - Weighted Average Cost of Capital
The WACC of Kyland Technology Co Ltd (300353.SZ) is 9.5%.
| Range | Selected | |
| Cost of equity | 8.4% - 11.4% | 9.9% |
| Tax rate | 2.1% - 20.7% | 11.4% |
| Cost of debt | 5.0% - 5.0% | 5% |
| WACC | 8.2% - 10.8% | 9.5% |
| Category | Low | High |
| Long-term bond rate | 2.7% | 3.2% |
| Equity market risk premium | 6.1% | 7.1% |
| Adjusted beta | 0.94 | 1.08 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 8.4% | 11.4% |
| Tax rate | 2.1% | 20.7% |
| Debt/Equity ratio | 0.08 | 0.08 |
| Cost of debt | 5.0% | 5.0% |
| After-tax WACC | 8.2% | 10.8% |
| Selected WACC | 9.5% | |
| Debt/Equity | Unlevered | |||
| Peers | Company Name | ratio | Beta | beta |
| 300353.SZ | Kyland Technology Co Ltd | 0.08 | 1.52 | 1.41 |
| 000561.SZ | Shaanxi Fenghuo Electronics Co Ltd | 0.14 | 0.7 | 0.62 |
| 000836.SZ | Tianjin Futong Information Science & Technology Co Ltd | 2.17 | 1.74 | 0.56 |
| 002089.SZ | New Sea Union Technology Group Co Ltd | 1.65 | 0.45 | 0.17 |
| 002881.SZ | MeiG Smart Technology Co Ltd | 0.03 | 0.93 | 0.9 |
| 002935.SZ | Chengdu Spaceon Electronics Co Ltd | 0.05 | 1.23 | 1.17 |
| 300570.SZ | T&S Communications Co Ltd | 0 | 2.03 | 2.02 |
| 300698.SZ | Wanma Technology Co Ltd | 0.04 | 1.21 | 1.16 |
| 600345.SS | Wuhan Yangtze Communication Industry Group Co Ltd | 0.03 | 0.99 | 0.96 |
| 603703.SS | Zhejiang Shengyang Science and Technology Co Ltd | 0.18 | 0.91 | 0.78 |
| Low | High | |
| Unlevered beta | 0.85 | 1.04 |
| Relevered beta | 0.91 | 1.12 |
| Adjusted relevered beta | 0.94 | 1.08 |
300353.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 300353.SZ:
cost_of_equity (9.90%) = risk_free_rate (2.95%) + equity_risk_premium (6.60%) * adjusted_beta (0.94) + 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.