4479.T WACC - Weighted Average Cost of Capital
The WACC of Makuake Inc (4479.T) is 6.0%.
| Range | Selected | |
| Cost of equity | 6.5% - 9.4% | 7.95% |
| Tax rate | 15.6% - 22.7% | 19.15% |
| Cost of debt | 5.0% - 5.0% | 5% |
| WACC | 5.3% - 6.6% | 6.0% |
| Category | Low | High |
| Long-term bond rate | 1.4% | 1.9% |
| Equity market risk premium | 6.1% | 7.1% |
| Adjusted beta | 0.83 | 0.98 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 6.5% | 9.4% |
| Tax rate | 15.6% | 22.7% |
| Debt/Equity ratio | 1 | 1 |
| Cost of debt | 5.0% | 5.0% |
| After-tax WACC | 5.3% | 6.6% |
| Selected WACC | 6.0% | |
| Debt/Equity | Unlevered | |||
| Peers | Company Name | ratio | Beta | beta |
| 4479.T | Makuake Inc | 1.18 | 1.05 | 0.54 |
| 3768.T | Riskmonster.com | 0.1 | 0.36 | 0.34 |
| 4346.T | Nexyz.Group Corp | 0.51 | 0.85 | 0.61 |
| 4422.T | Valuenex Japan Inc | 0 | 0.79 | 0.79 |
| 4490.T | VisasQ Inc | 0.39 | 0.66 | 0.51 |
| 6067.T | Impact HD Inc | 0.08 | 0.44 | 0.42 |
| 6087.T | Abist Co Ltd | 0 | 0.27 | 0.27 |
| 6171.T | CE Management Integrated Laboratory Co Ltd | 0.13 | 0.46 | 0.41 |
| 6541.T | Grace Technology Inc | 0.25 | 1.3 | 1.08 |
| 6542.T | Founder's Consultants Holdings Inc | 0.02 | 0.37 | 0.36 |
| 688500.SS | HCR Co Ltd | 0.02 | 0.81 | 0.8 |
| Low | High | |
| Unlevered beta | 0.42 | 0.54 |
| Relevered beta | 0.75 | 0.97 |
| Adjusted relevered beta | 0.83 | 0.98 |
4479.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 4479.T:
cost_of_equity (7.95%) = risk_free_rate (1.65%) + equity_risk_premium (6.60%) * adjusted_beta (0.83) + 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.