3361.T WACC - Weighted Average Cost of Capital
The WACC of Toell Co Ltd (3361.T) is 5.1%.
| Range | Selected | |
| Cost of equity | 4.3% - 6.2% | 5.25% |
| Tax rate | 35.2% - 36.1% | 35.65% |
| Cost of debt | 4.0% - 4.5% | 4.25% |
| WACC | 4.2% - 6.0% | 5.1% |
| Category | Low | High |
| Long-term bond rate | 1.4% | 1.9% |
| Equity market risk premium | 6.1% | 7.1% |
| Adjusted beta | 0.47 | 0.54 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 4.3% | 6.2% |
| Tax rate | 35.2% | 36.1% |
| Debt/Equity ratio | 0.06 | 0.06 |
| Cost of debt | 4.0% | 4.5% |
| After-tax WACC | 4.2% | 6.0% |
| Selected WACC | 5.1% | |
| Debt/Equity | Unlevered | |||
| Peers | Company Name | ratio | Beta | beta |
| 3361.T | Toell Co Ltd | 0.06 | 0.29 | 0.28 |
| 1663.T | K&O Energy Group Inc | 0.01 | 1.14 | 1.13 |
| 2080.SR | National Gas and Industrialization Company SJSC | 0.02 | 0.91 | 0.89 |
| 2886.HK | Binhai Investment Co Ltd | 2.3 | 0.48 | 0.19 |
| 8174.T | Nippon Gas Co Ltd | 0.15 | 0.22 | 0.2 |
| 9534.T | Hokkaido Gas Co Ltd | 1.19 | 0.8 | 0.45 |
| 9535.T | Hiroshima Gas Co Ltd | 1.95 | 0.48 | 0.21 |
| 9537.T | Hokuriku Gas Co Ltd | 0.01 | 0.07 | 0.07 |
| 9539.T | Keiyo Gas Co Ltd | 0.8 | 0.31 | 0.2 |
| 9543.T | Shizuoka Gas Co Ltd | 0.22 | 0.37 | 0.32 |
| Low | High | |
| Unlevered beta | 0.21 | 0.3 |
| Relevered beta | 0.21 | 0.31 |
| Adjusted relevered beta | 0.47 | 0.54 |
3361.T'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 3361.T:
cost_of_equity (5.25%) = risk_free_rate (1.65%) + equity_risk_premium (6.60%) * adjusted_beta (0.47) + 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.