GOLD.TA WACC - Weighted Average Cost of Capital
The WACC of Gold Bond Group Ltd (GOLD.TA) is 9.1%.
| Range | Selected | |
| Cost of equity | 8.4% - 10.6% | 9.5% |
| Tax rate | 8.5% - 9.6% | 9.05% |
| Cost of debt | 4.0% - 5.8% | 4.9% |
| WACC | 8.0% - 10.2% | 9.1% |
| Category | Low | High |
| Long-term bond rate | 4.8% | 5.3% |
| Equity market risk premium | 6.1% | 7.1% |
| Adjusted beta | 0.58 | 0.67 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 8.4% | 10.6% |
| Tax rate | 8.5% | 9.6% |
| Debt/Equity ratio | 0.09 | 0.09 |
| Cost of debt | 4.0% | 5.8% |
| After-tax WACC | 8.0% | 10.2% |
| Selected WACC | 9.1% | |
| Debt/Equity | Unlevered | |||
| Peers | Company Name | ratio | Beta | beta |
| GOLD.TA | Gold Bond Group Ltd | 0.09 | 0.39 | 0.36 |
| 1719.HK | China Infrastructure & Logistics Group Ltd | 0.2 | 0.23 | 0.2 |
| 498.HK | PYI Corporation Ltd | 0.29 | 1.18 | 0.94 |
| CDN.VN | Danang Port JSC | 0.14 | 0.84 | 0.75 |
| IPCC.JK | Indonesia Kendaraan Terminal Tbk PT | 0.24 | 0.56 | 0.46 |
| IPCM.JK | Jasa Armada Indonesia Tbk PT | 0.06 | 0.46 | 0.44 |
| NYT.BK | Namyong Terminal PCL | 0.72 | 0.3 | 0.18 |
| PDN.VN | Dong Nai Port JSC | 0.11 | 0.5 | 0.46 |
| PORT.BK | Sahathai Terminal PCL | 3.92 | 0.64 | 0.14 |
| SPN.NZ | South Port New Zealand Ltd | 0.2 | -0.1 | -0.08 |
| SURIA.KL | Suria Capital Holdings Bhd | 0.04 | 0.72 | 0.7 |
| Low | High | |
| Unlevered beta | 0.36 | 0.46 |
| Relevered beta | 0.37 | 0.51 |
| Adjusted relevered beta | 0.58 | 0.67 |
GOLD.TA'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 GOLD.TA:
cost_of_equity (9.50%) = risk_free_rate (5.05%) + equity_risk_premium (6.60%) * adjusted_beta (0.58) + 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.