HAD.VN
Hanoi Haiduong Beer JSC
Price:  
15,000.00 
VND
Volume:  
100.00
Viet Nam | Beverages
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HAD.VN WACC - Weighted Average Cost of Capital

The WACC of Hanoi Haiduong Beer JSC (HAD.VN) is 7.8%.

The Cost of Equity of Hanoi Haiduong Beer JSC (HAD.VN) is 10.90%.
The Cost of Debt of Hanoi Haiduong Beer JSC (HAD.VN) is 5.90%.

Range Selected
Cost of equity 9.60% - 12.20% 10.90%
Tax rate 18.70% - 20.50% 19.60%
Cost of debt 5.90% - 5.90% 5.90%
WACC 7.2% - 8.4% 7.8%
WACC

HAD.VN WACC calculation

Category Low High
Long-term bond rate 2.7% 3.2%
Equity market risk premium 9.5% 10.5%
Adjusted beta 0.72 0.81
Additional risk adjustments 0.0% 0.5%
Cost of equity 9.60% 12.20%
Tax rate 18.70% 20.50%
Debt/Equity ratio 1 1
Cost of debt 5.90% 5.90%
After-tax WACC 7.2% 8.4%
Selected WACC 7.8%

HAD.VN'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 HAD.VN:

cost_of_equity (10.90%) = risk_free_rate (2.95%) + equity_risk_premium (10.00%) * adjusted_beta (0.72) + 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.