NOBU.JK WACC - Weighted Average Cost of Capital
The WACC of Bank Nationalnobu Tbk PT (NOBU.JK) is 8.1%.
| Range | Selected | |
| Cost of equity | 10.9% - 12.9% | 11.9% |
| Tax rate | 23.3% - 24.1% | 23.7% |
| Cost of debt | 5.0% - 5.0% | 5% |
| WACC | 7.6% - 8.7% | 8.1% |
| Category | Low | High |
| Long-term bond rate | 6.6% | 7.1% |
| Equity market risk premium | 7.9% | 8.9% |
| Adjusted beta | 0.54 | 0.59 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 10.9% | 12.9% |
| Tax rate | 23.3% | 24.1% |
| Debt/Equity ratio | 0.87 | 0.87 |
| Cost of debt | 5.0% | 5.0% |
| After-tax WACC | 7.6% | 8.7% |
| Selected WACC | 8.1% | |
| Debt/Equity | Unlevered | |||
| Peers | Company Name | ratio | Beta | beta |
| NOBU.JK | Bank Nationalnobu Tbk PT | 0.87 | 0.64 | 0.39 |
| AMAR.JK | Bank Amar Indonesia PT | 0 | 0.54 | 0.54 |
| BBHI.JK | Bank Harda Internasional Tbk PT | 0.02 | 0.81 | 0.8 |
| BBMD.JK | Bank Mestika Dharma Tbk PT | 0.12 | 0.23 | 0.21 |
| BBSI.JK | Bank Bisnis Internasional PT | 0 | -0.03 | -0.03 |
| BINA.JK | Bank Ina Perdana Tbk PT | 0 | -0.07 | -0.07 |
| BMAS.JK | Bank Maspion Indonesia Tbk PT | 0 | 0.27 | 0.27 |
| BNII.JK | Bank Maybank Indonesia Tbk PT | 2.2 | 0.52 | 0.2 |
| MEGA.JK | Bank Mega Tbk PT | 0.41 | 0.25 | 0.19 |
| PNBS.JK | Bank Panin Dubai Syariah Tbk PT | 0.21 | 0.13 | 0.11 |
| Low | High | |
| Unlevered beta | 0.19 | 0.23 |
| Relevered beta | 0.31 | 0.39 |
| Adjusted relevered beta | 0.54 | 0.59 |
NOBU.JK'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 NOBU.JK:
cost_of_equity (11.90%) = risk_free_rate (6.85%) + equity_risk_premium (8.40%) * adjusted_beta (0.54) + 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.