N0Z.SI WACC - Weighted Average Cost of Capital

The WACC of Combine Will International Holdings Ltd (N0Z.SI) is 8.5%.

The Cost of Equity of Combine Will International Holdings Ltd (N0Z.SI) is 16.65%.

The Cost of Debt of Combine Will International Holdings Ltd (N0Z.SI) is 5.45%.

	Range	Selected
Cost of equity	12.60% - 20.70%	16.65%
Tax rate	11.70% - 12.80%	12.25%
Cost of debt	5.00% - 5.90%	5.45%
WACC	7.0% - 10.0%	8.5%

WACC

N0Z.SI WACC calculation

Category	Low	High

Long-term bond rate	2.7%	3.2%
Equity market risk premium	5.1%	6.1%
Adjusted beta	1.94	2.79

Additional risk adjustments	0.0%	0.5%
Cost of equity	12.60%	20.70%

Tax rate	11.70%	12.80%
Debt/Equity ratio	2.2	2.2
Cost of debt	5.00%	5.90%

After-tax WACC	7.0%	10.0%


Selected WACC	8.5%

N0Z.SI'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 N0Z.SI:

cost_of_equity (16.65%) = risk_free_rate (2.95%) + equity_risk_premium (5.60%) * adjusted_beta (1.94) + 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.