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As of today (2026-07-27), Golden Harvest Agro Industries's weighted average cost of capital is 7.53%%. Golden Harvest Agro Industries's ROIC % is 2.16% (calculated using TTM income statement data).
Golden Harvest Agro Industries 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.
Golden Harvest Agro Industries (DHA:GHAIL) 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, Golden Harvest Agro Industries's weighted average cost of capital is 7.53%%. Golden Harvest Agro Industries's ROIC % is 2.16% (calculated using TTM income statement data).
Golden Harvest Agro Industries 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 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
Golden Harvest Agro Industries 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 Packaged Foods subindustry, Golden Harvest Agro Industries'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.
Golden Harvest Agro Industries WACC % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Golden Harvest Agro Industries's WACC % distribution charts can be found below:
* The bar in red indicates where Golden Harvest Agro Industries'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, Golden Harvest Agro Industries's market capitalization (E) is BDT3259.148 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 Mar. 2026, Golden Harvest Agro Industries's latest one-year quarterly average Book Value of Debt (D) is BDT2557.0742 Mil.
a) weight of equity = E / (E + D) = 3259.148 / (3259.148 + 2557.0742) = 0.5604
b) weight of debt = D / (E + D) = 2557.0742 / (3259.148 + 2557.0742) = 0.4396
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 4.63%. 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. Golden Harvest Agro Industries'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 = 4.63% + 1 * 6% = 10.63%
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 Mar. 2026, Golden Harvest Agro Industries's interest expense (positive number) was BDT217.779 Mil. Its total Book Value of Debt (D) is BDT2557.0742 Mil.
Cost of Debt = 217.779 / 2557.0742 = 8.5167%.
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 = -83.989 / -145.075 = 57.89%.
* 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.
Golden Harvest Agro Industries (DHA:GHAIL) has a WACC % of 7.53% as of Jul. 27, 2026. The weighted average cost of capital (WACC) is the average rate a company pays to finance assets. View historical data on Golden Harvest Agro Industries and its competitors. This is near median its historical median of 8.01. Over the past decade, Golden Harvest Agro Industries' WACC % has ranged from 5.51 to 8.98. According to the industry distribution chart, Golden Harvest Agro Industries ranks #1012 out of 2041 companies in the Consumer Packaged Goods industry, placing it in the top 49.6%.
Is Golden Harvest Agro Industries' WACC % too high?
Golden Harvest Agro Industries' current WACC % of 7.53% is near median its 10-year median of 8.01. Over the past 10 years, this metric has ranged from a low of 5.51 to a high of 8.98. The Consumer Packaged Goods industry median WACC % is 7.66. Golden Harvest Agro Industries' value of 7.53% is 1.7% below this industry median. Based on the distribution chart, Golden Harvest Agro Industries ranks #1012 out of 2041 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Golden Harvest Agro Industries has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Golden Harvest Agro Industries' WACC % compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Golden Harvest Agro Industries ranks #1012 out of 2041 companies for WACC %. This puts Golden Harvest Agro Industries in the upper half of its industry. The industry median WACC % is 7.66. Golden Harvest Agro Industries' value of 7.53% is 1.7% below this benchmark. Historically, Golden Harvest Agro Industries' own WACC % has ranged from 5.51 to 8.98 over the past decade. While the company's 10-year median is 8.01 vs. the industry median of 7.66, Golden Harvest Agro Industries 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 Consumer Packaged Goods company?
The median WACC % among Consumer Packaged Goods companies is 7.66, based on 2,041 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. Golden Harvest Agro Industries's current WACC % of 7.53% is 1.7% 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 Golden Harvest Agro Industries and its competitors. For the Consumer Packaged Goods industry, the median WACC % is 7.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Golden Harvest Agro Industries's current WACC % is 7.53%, which is near median its own 10-year median of 8.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Golden Harvest Agro Industries stock overvalued right now?
Based on GuruFocus' analysis, Golden Harvest Agro Industries (DHA:GHAIL) is currently considered Fairly Valued. The stock's GF Value™ is BDT14.47, compared to a current price of BDT15.10 — trading 4.4% above its estimated fair value. The current WACC % is 7.53%, which is near median its 10-year median of 8.01 and 1.7% below the Consumer Packaged Goods industry median of 7.66. Golden Harvest Agro Industries' overall GF Score™ is 76/100 with 7 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 Golden Harvest Agro Industries (DHA:GHAIL), the current WACC % is 7.53% as of Jul. 27, 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 Golden Harvest Agro Industries (DHA:GHAIL) Overvalued in 2026?
Based on GuruFocus' analysis, Golden Harvest Agro Industries stock appears to be overvalued.
The current stock price of BDT15.10 is trading 4.4% above its estimated GF Value™ of BDT14.47.
GuruFocus considers Golden Harvest Agro Industries to be Fairly Valued.
Key valuation signals for DHA:GHAIL:
WACC %: 7.53% (near median its 10-year median of 8.01)
GF Value™: BDT14.47 vs. price of BDT15.10 (4.4% above fair value)
Industry Position: 1.7% below the Consumer Packaged Goods median (#1012 of 2041)
No single metric tells the full story. See the DHA:GHAIL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Golden Harvest Agro Industries Business Description
Golden Harvest Agro Industries Ltd engages in owning and controlling a frozen food processing plant. The company offers frozen food products, including vegetables, ready-to-eat foods, finger foods, and other products, as well as ice cream and milk. It is also involved in vegetable processing activities. The company's business activities include growing, procuring, purchasing, processing, packaging, warehousing, transporting, exporting, importing, distributing, and selling its products. The company operates in two segments: frozen snacks and dairy, with the majority of its revenue derived from the frozen snacks segment.
76GF Score
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