4813.T WACC - Weighted Average Cost of Capital
The WACC of Access Co Ltd (4813.T) is 6.6%.
| Range | Selected | |
| Cost of equity | 8.1% - 10.5% | 9.3% |
| Tax rate | 7.0% - 10.8% | 8.9% |
| Cost of debt | 4.0% - 4.5% | 4.25% |
| WACC | 5.9% - 7.3% | 6.6% |
| Category | Low | High |
| Long-term bond rate | 1.4% | 1.9% |
| Equity market risk premium | 6.1% | 7.1% |
| Adjusted beta | 1.09 | 1.14 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 8.1% | 10.5% |
| Tax rate | 7.0% | 10.8% |
| Debt/Equity ratio | 1 | 1 |
| Cost of debt | 4.0% | 4.5% |
| After-tax WACC | 5.9% | 7.3% |
| Selected WACC | 6.6% | |
| Debt/Equity | Unlevered | |||
| Peers | Company Name | ratio | Beta | beta |
| 4813.T | Access Co Ltd | 1.17 | 0.46 | 0.22 |
| 3741.T | Systems Engineering Consultants Co Ltd | 0 | 1.01 | 1.01 |
| 3850.T | NTT Data Intramart Corp | 0.87 | 0.5 | 0.28 |
| 3917.T | iRidge Inc | 0.37 | 0.74 | 0.55 |
| 3919.T | PiPEDO HD Inc | 0.07 | 1.32 | 1.24 |
| 3921.T | NEOJAPAN Inc | 0 | 1 | 1 |
| 4057.T | Interfactory Inc | 0.18 | 0.47 | 0.4 |
| 4389.T | Property Data Bank Inc | 0 | 0.64 | 0.64 |
| 4482.T | Wills Inc | 0.02 | 0.51 | 0.5 |
| 4496.T | Commerce One Holdings Inc | 0.01 | 0.62 | 0.62 |
| 6172.T | Metaps Inc | 0.2 | 0.73 | 0.61 |
| Low | High | |
| Unlevered beta | 0.55 | 0.62 |
| Relevered beta | 1.13 | 1.21 |
| Adjusted relevered beta | 1.09 | 1.14 |
4813.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 4813.T:
cost_of_equity (9.30%) = risk_free_rate (1.65%) + equity_risk_premium (6.60%) * adjusted_beta (1.09) + 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.