SHIP.JK WACC - Weighted Average Cost of Capital
The WACC of Sillo Maritime Perdana Tbk PT (SHIP.JK) is 9.9%.
| Range | Selected | |
| Cost of equity | 10.7% - 14.0% | 12.35% |
| Tax rate | 12.3% - 12.4% | 12.35% |
| Cost of debt | 4.0% - 7.0% | 5.5% |
| WACC | 8.4% - 11.5% | 9.9% |
| Category | Low | High |
| Long-term bond rate | 6.6% | 7.1% |
| Equity market risk premium | 7.9% | 8.9% |
| Adjusted beta | 0.52 | 0.71 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 10.7% | 14.0% |
| Tax rate | 12.3% | 12.4% |
| Debt/Equity ratio | 0.47 | 0.47 |
| Cost of debt | 4.0% | 7.0% |
| After-tax WACC | 8.4% | 11.5% |
| Selected WACC | 9.9% | |
| Debt/Equity | Unlevered | |||
| Peers | Company Name | ratio | Beta | beta |
| SHIP.JK | Sillo Maritime Perdana Tbk PT | 0.47 | 0.31 | 0.22 |
| 4030.SR | National Shipping Company of Saudi Arabia JSC | 0.43 | 0.43 | 0.31 |
| 600026.SS | COSCO Shipping Energy Transportation Co Ltd | 0.73 | 0.9 | 0.55 |
| 601872.SS | China Merchants Energy Shipping Co Ltd | 0.49 | 0.98 | 0.68 |
| HITS.JK | Humpuss Intermoda Transportasi Tbk PT | 0.59 | -1.19 | -0.79 |
| KOPI.JK | Mitra Energi Persada Tbk PT | 0.5 | -0.01 | 0 |
| QGTS.QA | Qatar Gas Transport Nakilat Co Ltd QPSC | 0.72 | 1.24 | 0.76 |
| RAJA.JK | Rukun Raharja Tbk PT | 0.19 | 1.41 | 1.21 |
| SOCI.JK | Soechi Lines Tbk PT | 2.33 | 0.53 | 0.17 |
| TRNFP.ME | Transneft' PAO | 1.14 | -0.1 | -0.05 |
| Low | High | |
| Unlevered beta | 0.2 | 0.41 |
| Relevered beta | 0.28 | 0.57 |
| Adjusted relevered beta | 0.52 | 0.71 |
SHIP.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 SHIP.JK:
cost_of_equity (12.35%) = risk_free_rate (6.85%) + equity_risk_premium (8.40%) * adjusted_beta (0.52) + 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.