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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.
Future Bright Mining HoldingsHKSE:02212 48 WACC % is 8.03% as of Sep. 03, 2026, which is 2% below its 10-year median of 8.17. GuruFocus rates HKSE:02212 with a GF Score™ of 48/100 and a GF Value™ of HK$0.17 (Fairly Valued). The stock has 7 warning signs investors should review. Among 420 Building Materials companies, Future Bright Mining Holdings ranks better than 58.57% on this metric.
As of today (2026-09-03), Future Bright Mining Holdings's weighted average cost of capital is 8.03%%. Future Bright Mining Holdings's ROIC % is -10.22% (calculated using TTM income statement data).
Future Bright Mining Holdings 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.
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, Future Bright Mining Holdings's weighted average cost of capital is 8.03%%. Future Bright Mining Holdings's ROIC % is -10.22% (calculated using TTM income statement data).
Future Bright Mining Holdings 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
Future Bright Mining Holdings 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 Building Materials subindustry, Future Bright Mining Holdings'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.
Future Bright Mining Holdings WACC % vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Future Bright Mining Holdings's WACC % distribution charts can be found below:
* The bar in red indicates where Future Bright Mining Holdings'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, Future Bright Mining Holdings's market capitalization (E) is HK$197.168 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 Jun. 2026, Future Bright Mining Holdings's latest one-year semi-annual average Book Value of Debt (D) is HK$40.3027 Mil.
a) weight of equity = E / (E + D) = 197.168 / (197.168 + 40.3027) = 0.8303
b) weight of debt = D / (E + D) = 40.3027 / (197.168 + 40.3027) = 0.1697
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 4.774%. 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. Future Bright Mining Holdings's beta is 0.4183.
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 = 4.774% + 0.4183 * 6% = 7.2838%
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 Jun. 2026, Future Bright Mining Holdings's interest expense (positive number) was HK$5.26 Mil. Its total Book Value of Debt (D) is HK$40.3027 Mil.
Cost of Debt = 5.26 / 40.3027 = 13.0512%.
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 = -2.363 / -22.947 = 10.3%.
* 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.
Future Bright Mining Holdings (HKSE:02212) has a WACC % of 8.03% as of Sep. 03, 2026. The weighted average cost of capital (WACC) is the average rate a company pays to finance assets. View historical data on Future Bright Mining Holdings and its competitors. This is near median its historical median of 8.17. Over the past decade, Future Bright Mining Holdings' WACC % has ranged from 6.03 to 10.26. According to the industry distribution chart, Future Bright Mining Holdings ranks #174 out of 420 companies in the Building Materials industry, placing it in the top 41.4%.
Is Future Bright Mining Holdings' WACC % too high?
Future Bright Mining Holdings' current WACC % of 8.03% is near median its 10-year median of 8.17. Over the past 10 years, this metric has ranged from a low of 6.03 to a high of 10.26. The Building Materials industry median WACC % is 8.60. Future Bright Mining Holdings' value of 8.03% is 6.6% below this industry median. Based on the distribution chart, Future Bright Mining Holdings ranks #174 out of 420 companies in the Building Materials industry, which is above the industry midpoint. Overall, Future Bright Mining Holdings has a GF Score™ of 48/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Future Bright Mining Holdings' WACC % compare to CRH and MLM?
According to the Building Materials industry distribution chart, Future Bright Mining Holdings ranks #174 out of 420 companies for WACC %. This puts Future Bright Mining Holdings in the upper half of its industry. The industry median WACC % is 8.60. Future Bright Mining Holdings' value of 8.03% is 6.6% below this benchmark. Historically, Future Bright Mining Holdings' own WACC % has ranged from 6.03 to 10.26 over the past decade. While the company's 10-year median is 8.17 vs. the industry median of 8.60, Future Bright Mining Holdings 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 Building Materials company?
The median WACC % among Building Materials companies is 8.60, based on 420 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. Future Bright Mining Holdings's current WACC % of 8.03% is 6.6% 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 Future Bright Mining Holdings and its competitors. For the Building Materials industry, the median WACC % is 8.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Future Bright Mining Holdings's current WACC % is 8.03%, which is near median its own 10-year median of 8.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Future Bright Mining Holdings stock overvalued right now?
Based on GuruFocus' analysis, Future Bright Mining Holdings (HKSE:02212) is currently considered Fairly Valued. The stock's GF Value™ is HK$0.17, compared to a current price of HK$0.16 — trading 8.2% below its estimated fair value. The current WACC % is 8.03%, which is near median its 10-year median of 8.17 and 6.6% below the Building Materials industry median of 8.60. Future Bright Mining Holdings' overall GF Score™ is 48/100 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 Future Bright Mining Holdings (HKSE:02212), the current WACC % is 8.03% as of Sep. 03, 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 Future Bright Mining Holdings (HKSE:02212) Overvalued in 2026?
Based on GuruFocus' analysis, Future Bright Mining Holdings stock appears to be undervalued.
The current stock price of HK$0.16 is trading 8.2% below its estimated GF Value™ of HK$0.17.
GuruFocus considers Future Bright Mining Holdings to be Fairly Valued.
Key valuation signals for HKSE:02212:
WACC %: 8.03% (near median its 10-year median of 8.17)
GF Value™: HK$0.17 vs. price of HK$0.16 (8.2% below fair value)
Industry Position: 6.6% below the Building Materials median (#174 of 420)
No single metric tells the full story. See the HKSE:02212 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Future Bright Mining Holdings Ltd is a marble mining company whose core business has been the development of the Yiduoyan Project, an open-pit mine located in Hubei Province. It is engaged in the excavation and sale of marble blocks; production and sale of marble-related products; trading of mineral commodities; and trading of coal. The company operates in two segments, namely the Marble Block segment, which supplies marble blocks mainly for further processing, construction, or trading; and the Commodity Trading segment, which conducts the trading business of commodities. It derives revenue from the Commodity trading segment. All of its revenue is derived from Mainland China.
48GF Score
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