3683.T WACC - Weighted Average Cost of Capital
The WACC of Cyberlinks Co Ltd (3683.T) is 7.5%.
| Range | Selected | |
| Cost of equity | 6.4% - 10.5% | 8.45% |
| Tax rate | 33.3% - 33.8% | 33.55% |
| Cost of debt | 4.0% - 4.5% | 4.25% |
| WACC | 5.8% - 9.2% | 7.5% |
| Category | Low | High |
| Long-term bond rate | 1.4% | 1.9% |
| Equity market risk premium | 6.1% | 7.1% |
| Adjusted beta | 0.82 | 1.14 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 6.4% | 10.5% |
| Tax rate | 33.3% | 33.8% |
| Debt/Equity ratio | 0.21 | 0.21 |
| Cost of debt | 4.0% | 4.5% |
| After-tax WACC | 5.8% | 9.2% |
| Selected WACC | 7.5% | |
| Debt/Equity | Unlevered | |||
| Peers | Company Name | ratio | Beta | beta |
| 3683.T | Cyberlinks Co Ltd | 0.21 | 0.52 | 0.46 |
| 3633.T | GMO Pepabo Inc | 0.13 | 0.7 | 0.64 |
| 3778.T | Sakura Internet Inc | 0.16 | 1.31 | 1.19 |
| 3788.T | GMO GlobalSign Holdings KK | 0.13 | 1.16 | 1.07 |
| 3909.T | Showcase Inc | 0.57 | 0.61 | 0.44 |
| 3985.T | Temona Inc | 0.26 | 0.75 | 0.64 |
| 4444.T | InfoNet Inc | 0.11 | 0.28 | 0.26 |
| 4477.T | Base Inc | 0.01 | 1.17 | 1.16 |
| 4499.T | Speee Inc | 0.06 | 1.84 | 1.77 |
| 6185.T | SMN Corp | 0.01 | 1.06 | 1.05 |
| Low | High | |
| Unlevered beta | 0.64 | 1.06 |
| Relevered beta | 0.73 | 1.21 |
| Adjusted relevered beta | 0.82 | 1.14 |
3683.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 3683.T:
cost_of_equity (8.45%) = risk_free_rate (1.65%) + equity_risk_premium (6.60%) * adjusted_beta (0.82) + 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.