DYOBY.IS WACC - Weighted Average Cost of Capital

The WACC of DYO Boya Fabrikalari Sanayi ve Ticaret AS (DYOBY.IS) is 27.3%.

The Cost of Equity of DYO Boya Fabrikalari Sanayi ve Ticaret AS (DYOBY.IS) is 32.75%.

The Cost of Debt of DYO Boya Fabrikalari Sanayi ve Ticaret AS (DYOBY.IS) is 20.55%.

	Range	Selected
Cost of equity	31.50% - 34.00%	32.75%
Tax rate	14.20% - 33.50%	23.85%
Cost of debt	17.40% - 23.70%	20.55%
WACC	26.3% - 28.2%	27.3%

WACC

DYOBY.IS WACC calculation

Category	Low	High

Long-term bond rate	21.4%	21.9%
Equity market risk premium	10.2%	11.2%
Adjusted beta	1	1.04

Additional risk adjustments	0.0%	0.5%
Cost of equity	31.50%	34.00%

Tax rate	14.20%	33.50%
Debt/Equity ratio	0.46	0.46
Cost of debt	17.40%	23.70%

After-tax WACC	26.3%	28.2%


Selected WACC	27.3%

DYOBY.IS'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 DYOBY.IS:

cost_of_equity (32.75%) = risk_free_rate (21.65%) + equity_risk_premium (10.70%) * adjusted_beta (1) + 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.