TIX.VN
Tan Binh Import Export Joint Stock Corp
Price:  
38.00 
VND
Volume:  
1,000.00
Viet Nam | Real Estate Management & Development
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TIX.VN WACC - Weighted Average Cost of Capital

The WACC of Tan Binh Import Export Joint Stock Corp (TIX.VN) is 9.4%.

The Cost of Equity of Tan Binh Import Export Joint Stock Corp (TIX.VN) is 14.70%.
The Cost of Debt of Tan Binh Import Export Joint Stock Corp (TIX.VN) is 5.00%.

Range Selected
Cost of equity 11.70% - 17.70% 14.70%
Tax rate 18.80% - 19.00% 18.90%
Cost of debt 5.00% - 5.00% 5.00%
WACC 7.9% - 10.9% 9.4%
WACC

TIX.VN WACC calculation

Category Low High
Long-term bond rate 2.7% 3.2%
Equity market risk premium 9.5% 10.5%
Adjusted beta 0.94 1.33
Additional risk adjustments 0.0% 0.5%
Cost of equity 11.70% 17.70%
Tax rate 18.80% 19.00%
Debt/Equity ratio 1 1
Cost of debt 5.00% 5.00%
After-tax WACC 7.9% 10.9%
Selected WACC 9.4%

TIX.VN'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 TIX.VN:

cost_of_equity (14.70%) = risk_free_rate (2.95%) + equity_risk_premium (10.00%) * adjusted_beta (0.94) + 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.