Manufaturas de Brinquedos EstrelaBSP:ESTR4 48 WACC % is 90.31% as of Jul. 02, 2026, which is 57% above its 10-year median of 57.35. GuruFocus rates BSP:ESTR4 with a GF Score™ of 48/100 and a GF Value™ of R$3.62 (Modestly Undervalued). The stock has 11 warning signs investors should review. Among 868 Travel & Leisure companies, Manufaturas de Brinquedos Estrela ranks worse than 99.77% on this metric.
As of today (2026-07-02), Manufaturas de Brinquedos Estrela's weighted average cost of capital is 90.31%%. Manufaturas de Brinquedos Estrela's ROIC % is 58.15% (calculated using TTM income statement data).
Manufaturas de Brinquedos Estrela 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.
Manufaturas de Brinquedos Estrela (BSP:ESTR4) 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, Manufaturas de Brinquedos Estrela's weighted average cost of capital is 90.31%%. Manufaturas de Brinquedos Estrela's ROIC % is 58.15% (calculated using TTM income statement data).
Manufaturas de Brinquedos Estrela 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 quarterly 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 quarterly average debt to get the simplified cost of debt.
Related Terms
Manufaturas de Brinquedos Estrela 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.
For the Leisure subindustry, Manufaturas de Brinquedos Estrela'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.
Manufaturas de Brinquedos Estrela WACC % vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Manufaturas de Brinquedos Estrela's WACC % distribution charts can be found below:
* The bar in red indicates where Manufaturas de Brinquedos Estrela's WACC % falls into.
Manufaturas de Brinquedos Estrela 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, Manufaturas de Brinquedos Estrela's market capitalization (E) is R$25.706 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 quarterly average Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation together. As of Dec. 2025, Manufaturas de Brinquedos Estrela's latest one-year quarterly average Book Value of Debt (D) is R$117.2222 Mil.
a) weight of equity = E / (E + D) = 25.706 / (25.706 + 117.2222) = 0.1799
b) weight of debt = D / (E + D) = 117.2222 / (25.706 + 117.2222) = 0.8201
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 4.493%. 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. Manufaturas de Brinquedos Estrela's beta is -0.2825.
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 = 4.493% + -0.2825 * 6% = 2.798%
3. Cost of Debt:
GuruFocus uses latest TTM Interest Expense divided by the latest one-year quarterly average debt to get the simplified cost of debt.
As of Dec. 2025, Manufaturas de Brinquedos Estrela's interest expense (positive number) was R$128.366 Mil. Its total Book Value of Debt (D) is R$117.2222 Mil.
Cost of Debt = 128.366 / 117.2222 = 109.5066%.
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 / 142.139 = 0%.
* 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.
Manufaturas de Brinquedos Estrela (BSP:ESTR4) has a WACC % of 90.31% as of Jul. 02, 2026. The weighted average cost of capital (WACC) is the average rate a company pays to finance assets. View historical data on Manufaturas de Brinquedos Estrela and its competitors. This is 57% above median its historical median of 57.35. Over the past decade, Manufaturas de Brinquedos Estrela's WACC % has ranged from 9.93 to 90.07. According to the industry distribution chart, Manufaturas de Brinquedos Estrela ranks #866 out of 868 companies in the Travel & Leisure industry, placing it in the top 99.8%.
Is Manufaturas de Brinquedos Estrela's WACC % too high?
Manufaturas de Brinquedos Estrela's current WACC % of 90.31% is 57% above median its 10-year median of 57.35. Over the past 10 years, this metric has ranged from a low of 9.93 to a high of 90.07. The Travel & Leisure industry median WACC % is 7.69. Manufaturas de Brinquedos Estrela's value of 90.31% is 1075.1% above this industry median. Based on the distribution chart, Manufaturas de Brinquedos Estrela ranks #866 out of 868 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Manufaturas de Brinquedos Estrela has a GF Score™ of 48/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Manufaturas de Brinquedos Estrela's WACC % compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Manufaturas de Brinquedos Estrela ranks #866 out of 868 companies for WACC %. This places Manufaturas de Brinquedos Estrela in the lower half of its industry. The industry median WACC % is 7.69. Manufaturas de Brinquedos Estrela's value of 90.31% is 1075.1% above this benchmark. Historically, Manufaturas de Brinquedos Estrela's own WACC % has ranged from 9.93 to 90.07 over the past decade. While the company's 10-year median is 57.35 vs. the industry median of 7.69, Manufaturas de Brinquedos Estrela 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 a Travel & Leisure company?
The median WACC % among Travel & Leisure companies is 7.69, based on 868 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. Manufaturas de Brinquedos Estrela's current WACC % of 90.31% is 1075.1% 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 Manufaturas de Brinquedos Estrela and its competitors. For the Travel & Leisure industry, the median WACC % is 7.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manufaturas de Brinquedos Estrela's current WACC % is 90.31%, which is 57% above median its own 10-year median of 57.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manufaturas de Brinquedos Estrela stock overvalued right now?
Based on GuruFocus' analysis, Manufaturas de Brinquedos Estrela (BSP:ESTR4) is currently considered Modestly Undervalued. The stock's GF Value™ is R$3.62, compared to a current price of R$3.18 — trading 12.2% below its estimated fair value. The current WACC % is 90.31%, which is 57% above median its 10-year median of 57.35 and 1075.1% above the Travel & Leisure industry median of 7.69. Manufaturas de Brinquedos Estrela's overall GF Score™ is 48/100 with 11 warning signs to review. 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 Manufaturas de Brinquedos Estrela (BSP:ESTR4), the current WACC % is 90.31% as of Jul. 02, 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 Manufaturas de Brinquedos Estrela (BSP:ESTR4) Overvalued in 2026?
Based on GuruFocus' analysis, Manufaturas de Brinquedos Estrela stock appears to be undervalued.
The current stock price of R$3.18 is trading 12.2% below its estimated GF Value™ of R$3.62.
GuruFocus considers Manufaturas de Brinquedos Estrela to be Modestly Undervalued.
Key valuation signals for BSP:ESTR4:
WACC %: 90.31% (57% above median its 10-year median of 57.35)
GF Value™: R$3.62 vs. price of R$3.18 (12.2% below fair value)
Industry Position: 1075.1% above the Travel & Leisure median (#866 of 868)
No single metric tells the full story. See the BSP:ESTR4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Manufaturas de Brinquedos Estrela Business Description
Manufaturas de Brinquedos Estrela SA manufactures and sells toys in Brazil and internationally. The company sells its products through online and physical stores. It manufactures and trades dolls, wooden toys, games, balls, radio-controlled helicopters and cars, railway models, play dough and toy cars.
48GF Score
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