PDES.JK WACC - Weighted Average Cost of Capital
The WACC of Destinasi Tirta Nusantara Tbk PT (PDES.JK) is 8.7%.
| Range | Selected | |
| Cost of equity | 9.9% - 12.4% | 11.15% |
| Tax rate | 16.6% - 21.1% | 18.85% |
| Cost of debt | 4.0% - 7.0% | 5.5% |
| WACC | 7.5% - 9.9% | 8.7% |
| Category | Low | High |
| Long-term bond rate | 6.6% | 7.1% |
| Equity market risk premium | 7.9% | 8.9% |
| Adjusted beta | 0.42 | 0.54 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 9.9% | 12.4% |
| Tax rate | 16.6% | 21.1% |
| Debt/Equity ratio | 0.56 | 0.56 |
| Cost of debt | 4.0% | 7.0% |
| After-tax WACC | 7.5% | 9.9% |
| Selected WACC | 8.7% | |
| Debt/Equity | Unlevered | |||
| Peers | Company Name | ratio | Beta | beta |
| PDES.JK | Destinasi Tirta Nusantara Tbk PT | 0.56 | 0.46 | 0.31 |
| 1235.HK | Travel Expert (Asia) Enterprises Ltd | 0.18 | 0.16 | 0.14 |
| 1701.HK | Tu Yi Holding Co Ltd | 0.64 | 0.23 | 0.15 |
| 500213.BO | International Travel House Ltd | 0 | 1.33 | 1.33 |
| 8069.HK | WWPKG Holdings Company Ltd | 0.18 | 0.48 | 0.42 |
| 8668.HK | Ying Hai Group Holdings Company Ltd | 0.02 | -0.29 | -0.28 |
| 900929.SS | Shanghai Jinjiang International Travel Co Ltd | 0.01 | 1 | 1 |
| BUVA.JK | Bukit Uluwatu Villa Tbk PT | 0.38 | -1.09 | -0.83 |
| PANR.JK | Panorama Sentrawisata Tbk PT | 0.47 | 0.02 | 0.01 |
| PNSE.JK | Pudjiadi And Sons Tbk PT | 0.18 | 0 | 0 |
| Low | High | |
| Unlevered beta | 0.09 | 0.21 |
| Relevered beta | 0.13 | 0.31 |
| Adjusted relevered beta | 0.42 | 0.54 |
PDES.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 PDES.JK:
cost_of_equity (11.15%) = risk_free_rate (6.85%) + equity_risk_premium (8.40%) * adjusted_beta (0.42) + 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.