N0Z.SI WACC - Weighted Average Cost of Capital
The WACC of Combine Will International Holdings Ltd (N0Z.SI) is 8.5%.
| Range | Selected | |
| Cost of equity | 13.7% - 21.9% | 17.8% |
| Tax rate | 12.8% - 17.5% | 15.15% |
| Cost of debt | 5.9% - 6.3% | 6.1% |
| WACC | 7.4% - 9.6% | 8.5% |
| Category | Low | High |
| Long-term bond rate | 2.7% | 3.2% |
| Equity market risk premium | 5.1% | 6.1% |
| Adjusted beta | 2.15 | 2.98 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 13.7% | 21.9% |
| Tax rate | 12.8% | 17.5% |
| Debt/Equity ratio | 2.75 | 2.75 |
| Cost of debt | 5.9% | 6.3% |
| After-tax WACC | 7.4% | 9.6% |
| Selected WACC | 8.5% | |
| Debt/Equity | Unlevered | |||
| Peers | Company Name | ratio | Beta | beta |
| N0Z.SI | Combine Will International Holdings Ltd | 2.75 | 0.1 | 0.03 |
| 000017.SZ | Shenzhen China Bicycle Company Holdings Ltd | 0.01 | 1.24 | 1.23 |
| 002348.SZ | Goldlok Holdings Guangdong Co Ltd | 0.03 | 1.72 | 1.67 |
| 002575.SZ | Guangdong Qunxing Toys Joint Stock Co Ltd | 0 | 0.64 | 0.63 |
| 002862.SZ | Shifeng Cultural Development Co Ltd | 0.06 | 0.96 | 0.91 |
| 1237.HK | China Environmental Technology and Bioenergy Holdings Ltd | 2.57 | 1.02 | 0.31 |
| 300329.SZ | Hailun Piano Co Ltd | 0.17 | 1.83 | 1.6 |
| 603908.SS | Comefly Outdoor Co Ltd | 0.1 | 1.4 | 1.28 |
| 6918.HK | Kidztech Holdings Ltd | 2.02 | 0.76 | 0.28 |
| 8406.HK | Alpha Era International Holdings Ltd | 0.04 | 1.16 | 1.12 |
| Low | High | |
| Unlevered beta | 0.8 | 1.17 |
| Relevered beta | 2.72 | 3.96 |
| Adjusted relevered beta | 2.15 | 2.98 |
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 (17.80%) = risk_free_rate (2.95%) + equity_risk_premium (5.60%) * adjusted_beta (2.15) + 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.