TNPV.TA WACC - Weighted Average Cost of Capital
The WACC of Technoplus Ventures Ltd (TNPV.TA) is 8.4%.
| Range | Selected | |
| Cost of equity | 7.6% - 9.3% | 8.45% |
| Tax rate | 23.0% - 23.0% | 23% |
| Cost of debt | 5.0% - 5.0% | 5% |
| WACC | 7.6% - 9.2% | 8.4% |
| Category | Low | High |
| Long-term bond rate | 4.8% | 5.3% |
| Equity market risk premium | 5.6% | 6.6% |
| Adjusted beta | 0.49 | 0.52 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 7.6% | 9.3% |
| Tax rate | 23.0% | 23.0% |
| Debt/Equity ratio | 0.01 | 0.01 |
| Cost of debt | 5.0% | 5.0% |
| After-tax WACC | 7.6% | 9.2% |
| Selected WACC | 8.4% | |
| Debt/Equity | Unlevered | |||
| Peers | Company Name | ratio | Beta | beta |
| TNPV.TA | Technoplus Ventures Ltd | 0.01 | -0.27 | -0.27 |
| 204.HK | China Investment Development Ltd | 1.11 | 0.5 | 0.27 |
| 277070.KQ | Lindeman Asia Investment Corp | 0 | 0.98 | 0.98 |
| 42T.SI | Trendlines Group Ltd | 0.16 | 0.41 | 0.36 |
| 8439.HK | Somerley Capital Holdings Ltd | 0.06 | 0.21 | 0.2 |
| 8657.HK | True Partner Capital Holding Ltd | 0 | 0.27 | 0.27 |
| AVC.AX | Auctus Investment Group Ltd | 0.05 | 0.17 | 0.16 |
| CIW.AX | Clime Investment Management Ltd | 0.02 | 0.11 | 0.11 |
| MAM.AX | Microequities Asset Management Group Ltd | 0.08 | 1.33 | 1.26 |
| MTDS.TA | Meitav Dash Investments Ltd | 2.63 | 0.88 | 0.29 |
| T55.SI | TIH Ltd | 0 | 0.16 | 0.16 |
| Low | High | |
| Unlevered beta | 0.2 | 0.27 |
| Relevered beta | 0.24 | 0.28 |
| Adjusted relevered beta | 0.49 | 0.52 |
TNPV.TA'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 TNPV.TA:
cost_of_equity (8.45%) = risk_free_rate (5.05%) + equity_risk_premium (6.10%) * adjusted_beta (0.49) + 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.