AGII.JK WACC - Weighted Average Cost of Capital
The WACC of Aneka Gas Industri Tbk PT (AGII.JK) is 9.0%.
| Range | Selected | |
| Cost of equity | 11.8% - 15.0% | 13.4% |
| Tax rate | 22.2% - 24.1% | 23.15% |
| Cost of debt | 4.0% - 7.0% | 5.5% |
| WACC | 7.6% - 10.3% | 9.0% |
| Category | Low | High |
| Long-term bond rate | 6.6% | 7.1% |
| Equity market risk premium | 7.9% | 8.9% |
| Adjusted beta | 0.66 | 0.83 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 11.8% | 15.0% |
| Tax rate | 22.2% | 24.1% |
| Debt/Equity ratio | 0.93 | 0.93 |
| Cost of debt | 4.0% | 7.0% |
| After-tax WACC | 7.6% | 10.3% |
| Selected WACC | 9.0% | |
| Debt/Equity | Unlevered | |||
| Peers | Company Name | ratio | Beta | beta |
| AGII.JK | Aneka Gas Industri Tbk PT | 0.93 | 0.48 | 0.28 |
| 002971.SZ | Hubei Heyuan Gas Co Ltd | 0.69 | 1.25 | 0.82 |
| 104830.KQ | Wonik Materials Co Ltd | 0.25 | 1.21 | 1.01 |
| APLI.JK | Asiaplast Industries Tbk PT | 0.08 | 0.49 | 0.46 |
| CLPI.JK | Colorpak Indonesia Tbk PT | 0.16 | 0.47 | 0.42 |
| IMPC.JK | Impack Pratama Industri Tbk PT | 0.09 | 0.31 | 0.29 |
| INCF.JK | Indo Komoditi Korpora Tbk PT | 8.14 | 0.45 | 0.06 |
| MOLI.JK | Madusari Murni Indah Tbk PT | 0.75 | 0.44 | 0.28 |
| SAMF.JK | Saraswanti Anugerah Makmur PT | 0.21 | 0.88 | 0.76 |
| SRSN.JK | Indo Acidatama Tbk PT | 1.05 | 0.01 | 0.01 |
| Low | High | |
| Unlevered beta | 0.29 | 0.44 |
| Relevered beta | 0.49 | 0.75 |
| Adjusted relevered beta | 0.66 | 0.83 |
AGII.JK'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 AGII.JK:
cost_of_equity (13.40%) = risk_free_rate (6.85%) + equity_risk_premium (8.40%) * adjusted_beta (0.66) + 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.