What is Cordish Dixon Private Equity Fund III WACC %?
Cordish Dixon Private Equity Fund IIIASX:CD3 33 WACC % is 6.36% as of Jul. 04, 2026, which is 8% below its 10-year median of 6.89. GuruFocus rates ASX:CD3 with a GF Score™ of 33/100. Among 1,650 Asset Management companies, Cordish Dixon Private Equity Fund III ranks worse than 59.45% on this metric.
As of today (2026-07-04), Cordish Dixon Private Equity Fund III's weighted average cost of capital is 6.36%%. Cordish Dixon Private Equity Fund III's ROIC % is 0.00% (calculated using TTM income statement data).
Cordish Dixon Private Equity Fund III earns returns that do not match up to its cost of capital. It will destroy value as it grows.
For a comprehensive WACC calculation, please access the WACC Calculator.
Cordish Dixon Private Equity Fund III (ASX:CD3) WACC % Explanation
Because it costs money to raise capital. A firm that generates higher ROIC % than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.
As of today, Cordish Dixon Private Equity Fund III's weighted average cost of capital is 6.36%%. Cordish Dixon Private Equity Fund III's ROIC % is 0.00% (calculated using TTM income statement data).
Cordish Dixon Private Equity Fund III earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Be Aware
1. GuruFocus uses book value of debt (D) to do the calculation. It is simplified by adding latest one-year semi-annual average Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation together.
For companies that report quarterly, GuruFocus combines all of the most recent year's quarterly debt data from the beginning of the year to the year-end and calculates the average.
For companies that report semi-annually, GuruFocus combines all of the most recent year's semi-annual debt data from the start of the year to the year-end and calculates the average.
For companies that report annually, GuruFocus combines the beginning and ending annual debt data from the most recent year and then calculates the average.
2. The WACC formula discussed above does not include Preferred Stock. Please adjust if preferred stock is considered.
3. (Expected Return of the Market - Risk-Free Rate of Return) is also called market premium. GuruFocus requires market premium to be 6%.
4. GuruFocus uses the latest TTM Interest Expense divided by the latest one-year semi-annual average debt to get the simplified cost of debt.
Related Terms
Cordish Dixon Private Equity Fund III WACC % Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Cordish Dixon Private Equity Fund III WACC % Chart
For the Asset Management subindustry, Cordish Dixon Private Equity Fund III's WACC %, along with its competitors' market caps and WACC % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Cordish Dixon Private Equity Fund III WACC % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Cordish Dixon Private Equity Fund III's WACC % distribution charts can be found below:
* The bar in red indicates where Cordish Dixon Private Equity Fund III's WACC % falls into.
Cordish Dixon Private Equity Fund III WACC % Calculation
The weighted average cost of capital (WACC) is the rate that a company is expected to pay on average to all its security holders to finance its assets. The WACC is commonly referred to as the firm's cost of capital. Generally speaking, a company's assets are financed by debt and equity. WACC is the average of the costs of these sources of financing, each of which is weighted by its respective use in the given situation. By taking a weighted average, we can see how much interest the company has to pay for every dollar it finances.
WACC
=
E
/
(E + D)
*
Cost of Equity
+
D
/
(E + D)
*
Cost of Debt
*
(1 - Tax Rate)
1. Weights:
Generally speaking, a company's assets are financed by debt and equity. We need to calculate the weight of equity and the weight of debt.
The market value of equity (E) is also called "Market Cap". As of today, Cordish Dixon Private Equity Fund III's market capitalization (E) is A$63.025 Mil.
The market value of debt is typically difficult to calculate, therefore, GuruFocus uses book value of debt (D) to do the calculation. It is simplified by adding the latest one-year semi-annual average Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation together. As of Mar. 2026, Cordish Dixon Private Equity Fund III's latest one-year semi-annual average Book Value of Debt (D) is A$0 Mil.
a) weight of equity = E / (E + D) = 63.025 / (63.025 + 0) = 1
b) weight of debt = D / (E + D) = 0 / (63.025 + 0) = 0
2. Cost of Equity:
GuruFocus uses Capital Asset Pricing Model (CAPM) to calculate the required rate of return. The formula is:
Cost of Equity = Risk-Free Rate of Return + Beta of Asset * (Expected Return of the Market - Risk-Free Rate of Return)
a) GuruFocus uses 10-Year Treasury Constant Maturity Rate as the risk-free rate. It is updated daily. The current risk-free rate is 4.99%. Please go to Economic Indicators page for more information. Please note that we use the 10-Year Treasury Constant Maturity Rate of the country/region where the company is headquartered. If the data for that country/region is not available, then we will use the 10-Year Treasury Constant Maturity Rate of the United States as default.
b) Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. Cordish Dixon Private Equity Fund III's beta is 0.2291.
c) (Expected Return of the Market - Risk-Free Rate of Return) is also called market premium. GuruFocus requires market premium to be 6%.
Cost of Equity = 4.99% + 0.2291 * 6% = 6.3646%
3. Cost of Debt:
GuruFocus uses latest TTM Interest Expense divided by the latest one-year semi-annual average debt to get the simplified cost of debt.
As of Mar. 2026, Cordish Dixon Private Equity Fund III's interest expense (positive number) was A$-0 Mil. Its total Book Value of Debt (D) is A$0 Mil.
Cost of Debt = -0 / 0 = %.
4. Multiply by one minus TTM Tax Rate:
GuruFocus uses the most recent TTM Tax Expense divided by the most recent TTM Pre-Tax Income to calculate the tax rate. The calculated TTM tax rate is limited to between 0% and 100%. If the calculated tax rate is higher than 100%, it is set to 100%. If the calculated tax rate is less than 0%, it is set to 0%.
The latest calculated TTM Tax Rate = -0.703 / -9.717 = 7.23%.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Cordish Dixon Private Equity Fund III (ASX:CD3) has a WACC % of 6.36% as of Jul. 04, 2026. The weighted average cost of capital (WACC) is the average rate a company pays to finance assets. View historical data on Cordish Dixon Private Equity Fund III and its competitors. This is near median its historical median of 6.89. Over the past decade, Cordish Dixon Private Equity Fund III's WACC % has ranged from 1.60 to 8.50. According to the industry distribution chart, Cordish Dixon Private Equity Fund III ranks #981 out of 1650 companies in the Asset Management industry, placing it in the top 59.5%.
Is Cordish Dixon Private Equity Fund III's WACC % too high?
Cordish Dixon Private Equity Fund III's current WACC % of 6.36% is near median its 10-year median of 6.89. Over the past 10 years, this metric has ranged from a low of 1.60 to a high of 8.50. The Asset Management industry median WACC % is 5.69. Cordish Dixon Private Equity Fund III's value of 6.36% is 11.8% above this industry median. Based on the distribution chart, Cordish Dixon Private Equity Fund III ranks #981 out of 1650 companies in the Asset Management industry, which is below the industry midpoint. Overall, Cordish Dixon Private Equity Fund III has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does Cordish Dixon Private Equity Fund III's WACC % compare to BLK and BX?
According to the Asset Management industry distribution chart, Cordish Dixon Private Equity Fund III ranks #981 out of 1650 companies for WACC %. This places Cordish Dixon Private Equity Fund III in the lower half of its industry. The industry median WACC % is 5.69. Cordish Dixon Private Equity Fund III's value of 6.36% is 11.8% above this benchmark. Historically, Cordish Dixon Private Equity Fund III's own WACC % has ranged from 1.60 to 8.50 over the past decade. While the company's 10-year median is 6.89 vs. the industry median of 5.69, Cordish Dixon Private Equity Fund III has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good WACC % for an Asset Management company?
The median WACC % among Asset Management companies is 5.69, based on 1,650 companies in the industry. Companies in the top quartile (top 25%) have a WACC % significantly above this median, while those in the bottom quartile fall well below. However, WACC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cordish Dixon Private Equity Fund III's current WACC % of 6.36% is 11.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high WACC % mean?
A high WACC % can signal that a stock is expensive relative to its fundamentals. The weighted average cost of capital (WACC) is the average rate a company pays to finance assets. View historical data on Cordish Dixon Private Equity Fund III and its competitors. For the Asset Management industry, the median WACC % is 5.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cordish Dixon Private Equity Fund III's current WACC % is 6.36%, which is near median its own 10-year median of 6.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cordish Dixon Private Equity Fund III stock overvalued right now?
Cordish Dixon Private Equity Fund III (ASX:CD3) has a current WACC % of 6.36%. The current WACC % is 6.36%, which is near median its 10-year median of 6.89 and 11.8% above the Asset Management industry median of 5.69. Cordish Dixon Private Equity Fund III's overall GF Score™ is 33/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is WACC % calculated?
WACC % is calculated from a company's financial statements. For Cordish Dixon Private Equity Fund III (ASX:CD3), the current WACC % is 6.36% as of Jul. 04, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Cordish Dixon Private Equity Fund III Business Description
Cordish Dixon Private Equity Fund III invests in small-to-mid-market private investment funds and privately held companies with a predominant focus in the United States. The objective of the Fund is to achieve capital growth over a medium- to long-term investment time horizon through exposure to a portfolio of investments in small and mid-market private investment funds and privately held companies. Its private investment funds focus on a range of industries, including health care, business services, software businesses, and food and consumer products.
33GF Score
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