DHOUSE.BK WACC - Weighted Average Cost of Capital
The WACC of Dhouse Pattana PCL (DHOUSE.BK) is 8.1%.
| Range | Selected | |
| Cost of equity | 7.4% - 10.1% | 8.75% |
| Tax rate | 7.9% - 12.7% | 10.3% |
| Cost of debt | 4.0% - 11.1% | 7.55% |
| WACC | 6.2% - 9.9% | 8.1% |
| Category | Low | High |
| Long-term bond rate | 2.6% | 3.1% |
| Equity market risk premium | 7.4% | 8.4% |
| Adjusted beta | 0.66 | 0.77 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 7.4% | 10.1% |
| Tax rate | 7.9% | 12.7% |
| Debt/Equity ratio | 0.48 | 0.48 |
| Cost of debt | 4.0% | 11.1% |
| After-tax WACC | 6.2% | 9.9% |
| Selected WACC | 8.1% | |
| Debt/Equity | Unlevered | |||
| Peers | Company Name | ratio | Beta | beta |
| DHOUSE.BK | Dhouse Pattana PCL | 0.48 | 0.45 | 0.32 |
| APEX.BK | Apex Development PCL | 47.52 | -0.93 | -0.02 |
| GREEN.BK | Green Resources PCL | 0.31 | 1.1 | 0.86 |
| JSP.BK | JSP Property PCL | 0.19 | 0.41 | 0.36 |
| KC.BK | KC Property PCL | 2.35 | 1.56 | 0.5 |
| KWG.BK | King Wai Group Thailand PCL | 1.75 | 1.36 | 0.53 |
| POLAR.BK | Polaris Capital PCL | 0.05 | 0.98 | 0.93 |
| RML.BK | Raimon Land PCL | 3.51 | 1.22 | 0.29 |
| SAMCO.BK | Sammakorn PCL | 5.08 | 0.64 | 0.12 |
| THANA.BK | Thanasiri Group PCL | 2.04 | 1.24 | 0.44 |
| Low | High | |
| Unlevered beta | 0.34 | 0.46 |
| Relevered beta | 0.49 | 0.66 |
| Adjusted relevered beta | 0.66 | 0.77 |
DHOUSE.BK'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 DHOUSE.BK:
cost_of_equity (8.75%) = risk_free_rate (2.85%) + equity_risk_premium (7.90%) * 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.