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Nation Media GroupDAR:NMG 100 WACC % is 10.56% as of Aug. 07, 2026, which is 23% above its 10-year median of 8.57. GuruFocus rates DAR:NMG with a GF Score™ of 100/100 and a GF Value™ of TZS279.29. The stock has 3 warning signs investors should review. Among 1,037 Media - Diversified companies, Nation Media Group ranks worse than 72.71% on this metric.
As of today (2026-08-07), Nation Media Group's weighted average cost of capital is 10.56%%. Nation Media Group's ROIC % is -9.76% (calculated using TTM income statement data).
Nation Media Group earns returns that do not match up to its cost of capital. It will destroy value as it grows.
*Note: The beta of this company cannot be obtained because it has a price history shorter than 3 years. It will thus be set to 1 as default to calculate WACC.
For a comprehensive WACC calculation, please access the WACC Calculator.
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, Nation Media Group's weighted average cost of capital is 10.56%%. Nation Media Group's ROIC % is -9.76% (calculated using TTM income statement data).
Nation Media Group earns returns that do not match up to its cost of capital. It will destroy value as it grows.
*Note: The beta of this company cannot be obtained because it has a price history shorter than 3 years. It will thus be set to 1 as default to calculate WACC.
Be Aware
1. GuruFocus uses book value of debt (D) to do the calculation. It is simplified by adding latest one-year 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 annual Interest Expense divided by the latest one-year annual average debt to get the simplified cost of debt.
Related Terms
Nation Media Group WACC % Historical Data
* Premium members only.
The historical data trend for Nation Media Group'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 Entertainment subindustry, Nation Media Group'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.
Nation Media Group WACC % vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Nation Media Group's WACC % distribution charts can be found below:
* The bar in red indicates where Nation Media Group'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, Nation Media Group's market capitalization (E) is TZS45811.571 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 annual average Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation together. As of Dec. 2025, Nation Media Group's latest one-year annual average Book Value of Debt (D) is TZS5082.3825 Mil.
a) weight of equity = E / (E + D) = 45811.571 / (45811.571 + 5082.3825) = 0.9001
b) weight of debt = D / (E + D) = 5082.3825 / (45811.571 + 5082.3825) = 0.0999
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 4.66%. 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. Nation Media Group's beta cannot be obtained because it has a price history shorter than 3 years. It will thus be set to 1 as default to calculate WACC.
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 = 4.66% + 1 * 6% = 10.66%
3. Cost of Debt:
GuruFocus uses latest annual Interest Expense divided by the latest one-year annual average debt to get the simplified cost of debt.
As of Dec. 2025, Nation Media Group's interest expense (positive number) was TZS508.957 Mil. Its total Book Value of Debt (D) is TZS5082.3825 Mil.
Cost of Debt = 508.957 / 5082.3825 = 10.0141%.
4. Multiply by one minus annual Tax Rate:
GuruFocus uses the most recent annual Tax Expense divided by the most recent annual Pre-Tax Income to calculate the tax rate. The calculated annual 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 annual Tax Rate = -250.374 / -6583.599 = 3.8%.
Nation Media Group'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)
=
0.9001
*
10.66%
+
0.0999
*
10.0141%
*
(1 - 3.8%)
=
10.56%
* 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.
Nation Media Group (DAR:NMG) has a WACC % of 10.56% as of Aug. 07, 2026. The weighted average cost of capital (WACC) is the average rate a company pays to finance assets. View historical data on Nation Media Group and its competitors. This is 23% above median its historical median of 8.57. Over the past decade, Nation Media Group's WACC % has ranged from 6.12 to 10.58. According to the industry distribution chart, Nation Media Group ranks #754 out of 1037 companies in the Media - Diversified industry, placing it in the top 72.7%.
Is Nation Media Group's WACC % too high?
Nation Media Group's current WACC % of 10.56% is 23% above median its 10-year median of 8.57. Over the past 10 years, this metric has ranged from a low of 6.12 to a high of 10.58. The Media - Diversified industry median WACC % is 7.39. Nation Media Group's value of 10.56% is 42.9% above this industry median. Based on the distribution chart, Nation Media Group ranks #754 out of 1037 companies in the Media - Diversified industry, which is below the industry midpoint. Overall, Nation Media Group has a GF Score™ of 100/100, reflecting its overall financial health beyond just this single metric.
How does Nation Media Group's WACC % compare to NFLX and DIS?
According to the Media - Diversified industry distribution chart, Nation Media Group ranks #754 out of 1037 companies for WACC %. This places Nation Media Group in the lower half of its industry. The industry median WACC % is 7.39. Nation Media Group's value of 10.56% is 42.9% above this benchmark. Historically, Nation Media Group's own WACC % has ranged from 6.12 to 10.58 over the past decade. While the company's 10-year median is 8.57 vs. the industry median of 7.39, Nation Media Group 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 Media - Diversified company?
The median WACC % among Media - Diversified companies is 7.39, based on 1,037 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. Nation Media Group's current WACC % of 10.56% is 42.9% 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 Nation Media Group and its competitors. For the Media - Diversified industry, the median WACC % is 7.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nation Media Group's current WACC % is 10.56%, which is 23% above median its own 10-year median of 8.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nation Media Group stock overvalued right now?
Nation Media Group (DAR:NMG) has a current WACC % of 10.56%. The stock's GF Value™ is TZS279.29, compared to a current price of TZS270.00 — trading 3.3% below its estimated fair value. The current WACC % is 10.56%, which is 23% above median its 10-year median of 8.57 and 42.9% above the Media - Diversified industry median of 7.39. Nation Media Group's overall GF Score™ is 100/100 with 3 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 Nation Media Group (DAR:NMG), the current WACC % is 10.56% as of Aug. 07, 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 Nation Media Group (DAR:NMG) Overvalued in 2026?
Based on GuruFocus' analysis, Nation Media Group stock appears to be undervalued.
The current stock price of TZS270.00 is trading 3.3% below its estimated GF Value™ of TZS279.29.
Key valuation signals for DAR:NMG:
WACC %: 10.56% (23% above median its 10-year median of 8.57)
GF Value™: TZS279.29 vs. price of TZS270.00 (3.3% below fair value)
Industry Position: 42.9% above the Media - Diversified median (#754 of 1037)
No single metric tells the full story. See the DAR:NMG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nation Media Group PLC is an independent media house in East and Central Africa with operations in print, broadcast and digital media which attract and serve unparalleled audiences across East Africa. It is engaged in the publication, printing and distribution of newspapers, radio and television broadcasting and digital online products, in the East African countries of Kenya, Uganda, Rwanda and Tanzania. Its segment include Newspapers and Digital incorporating sale of newspapers, advertisements published in the newspapers, advertisements in the digital platforms and subscriptions of e-paper, and Broadcasting incorporating advertisements and other content aired on television and radio. The majority of revenue is derived from Newspapers and Digital segment.
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