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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Kina SecuritiesASX:KSL -0.80%82 WACC % is 8.73% as of Jul. 24, 2026, which is 12% below its 10-year median of 9.89. GuruFocus rates ASX:KSL with a GF Score™ of 82/100 and a GF Value™ of A$1.18 (Fairly Valued). Among 581 Diversified Financial Services companies, Kina Securities ranks better than 71.6% on this metric.
As of today (2026-07-24), Kina Securities's weighted average cost of capital is 8.73%%. Kina Securities's ROIC % is 0.00% (calculated using TTM income statement data).
Kina Securities 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.
Kina Securities (ASX:KSL) 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, Kina Securities's weighted average cost of capital is 8.73%%. Kina Securities's ROIC % is 0.00% (calculated using TTM income statement data).
Kina Securities 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
Kina Securities WACC % Historical Data
* Premium members only.
The historical data trend for Kina Securities's WACC % can be seen below:
* 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.
For the Financial Conglomerates subindustry, Kina Securities'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.
Kina Securities WACC % vs Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, Kina Securities's WACC % distribution charts can be found below:
* The bar in red indicates where Kina Securities's WACC % falls into.
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, Kina Securities's market capitalization (E) is A$367.915 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 Dec. 2025, Kina Securities's latest one-year semi-annual average Book Value of Debt (D) is A$13.6223 Mil.
a) weight of equity = E / (E + D) = 367.915 / (367.915 + 13.6223) = 0.9643
b) weight of debt = D / (E + D) = 13.6223 / (367.915 + 13.6223) = 0.0357
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 4.695%. 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. Kina Securities's beta is 0.0683.
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 = 4.695% + 0.0683 * 6% = 5.1048%
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 Dec. 2025, Kina Securities's interest expense (positive number) was A$25.219 Mil. Its total Book Value of Debt (D) is A$13.6223 Mil.
Cost of Debt = 25.219 / 13.6223 = 185.1303%.
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 = 27.362 / 64.497 = 42.42%.
Kina Securities's Weighted Average Cost Of Capital (WACC) for Today is calculated as:
WACC
=
E / (E + D)
*
Cost of Equity
+
D / (E + D)
*
Cost of Debt
*
(1 - Tax Rate)
=
0.9643
*
5.1048%
+
0.0357
*
185.1303%
*
(1 - 42.42%)
=
8.73%
* 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.
Kina Securities (ASX:KSL) has a WACC % of 8.73% as of Jul. 24, 2026. The weighted average cost of capital (WACC) is the average rate a company pays to finance assets. View historical data on Kina Securities and its competitors. This is 12% below median its historical median of 9.89. Over the past decade, Kina Securities' WACC % has ranged from 7.71 to 13.39. According to the industry distribution chart, Kina Securities ranks #165 out of 581 companies in the Diversified Financial Services industry, placing it in the top 28.4%.
Is Kina Securities' WACC % too high?
Kina Securities' current WACC % of 8.73% is 12% below median its 10-year median of 9.89. Over the past 10 years, this metric has ranged from a low of 7.71 to a high of 13.39. The Diversified Financial Services industry median WACC % is 10.63. Kina Securities' value of 8.73% is 17.9% below this industry median. Based on the distribution chart, Kina Securities ranks #165 out of 581 companies in the Diversified Financial Services industry, which is above the industry midpoint. Overall, Kina Securities has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Kina Securities' WACC % compare to VOYA and FRHC?
According to the Diversified Financial Services industry distribution chart, Kina Securities ranks #165 out of 581 companies for WACC %. This puts Kina Securities in the upper half of its industry. The industry median WACC % is 10.63. Kina Securities' value of 8.73% is 17.9% below this benchmark. Historically, Kina Securities' own WACC % has ranged from 7.71 to 13.39 over the past decade. While the company's 10-year median is 9.89 vs. the industry median of 10.63, Kina Securities has consistently been below 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 a Diversified Financial Services company?
The median WACC % among Diversified Financial Services companies is 10.63, based on 581 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. Kina Securities's current WACC % of 8.73% is 17.9% below 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 Kina Securities and its competitors. For the Diversified Financial Services industry, the median WACC % is 10.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kina Securities's current WACC % is 8.73%, which is 12% below median its own 10-year median of 9.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kina Securities stock overvalued right now?
Based on GuruFocus' analysis, Kina Securities (ASX:KSL) is currently considered Fairly Valued. The stock's GF Value™ is A$1.18, compared to a current price of A$1.24 — trading 5.1% above its estimated fair value. The current WACC % is 8.73%, which is 12% below median its 10-year median of 9.89 and 17.9% below the Diversified Financial Services industry median of 10.63. Kina Securities' overall GF Score™ is 82/100. 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 Kina Securities (ASX:KSL), the current WACC % is 8.73% as of Jul. 24, 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.
Is Kina Securities (ASX:KSL) Overvalued in 2026?
Based on GuruFocus' analysis, Kina Securities stock appears to be overvalued.
The current stock price of A$1.24 is trading 5.1% above its estimated GF Value™ of A$1.18.
GuruFocus considers Kina Securities to be Fairly Valued.
Key valuation signals for ASX:KSL:
WACC %: 8.73% (12% below median its 10-year median of 9.89)
GF Value™: A$1.18 vs. price of A$1.24 (5.1% above fair value)
Industry Position: 17.9% below the Diversified Financial Services median (#165 of 581)
No single metric tells the full story. See the ASX:KSL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kina Securities Ltd provides diversified financial products and services. The company offers banking services, personal and commercial loans, money market operations, provision of share brokerage, fund administration, investment management services asset financing, and corporate advice. The Group's reportable segments include Banking & Finance and Wealth Management. The Banking & Finance segment includes the operations of the Bank while the Wealth Management segment includes fund management and fund administration business. It derives the majority of its revenues from the banking segment.
82GF Score
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