*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.
Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi (IST:MAKIM) 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, Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi's weighted average cost of capital is 9.43%%. Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi's ROIC % is 1.77% (calculated using TTM income statement data).
Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi 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
Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi 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.
Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi WACC % Chart
Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi Annual Data
* 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.
Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi WACC % vs Industrial Products Industry
Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi 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, Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi's market capitalization (E) is ₺2133.600 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, Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi's latest one-year quarterly average Book Value of Debt (D) is ₺334.2206 Mil.
a) weight of equity = E / (E + D) = 2133.600 / (2133.600 + 334.2206) = 0.8646
b) weight of debt = D / (E + D) = 334.2206 / (2133.600 + 334.2206) = 0.1354
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 4.463%. 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. Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi'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 = 4.463% + 1 * 6% = 10.463%
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, Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi's interest expense (positive number) was ₺69.382 Mil. Its total Book Value of Debt (D) is ₺334.2206 Mil.
Cost of Debt = 69.382 / 334.2206 = 20.7593%.
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 = 44.68 / 51.812 = 86.23%.
* 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.
Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi (IST:MAKIM) has a WACC % of 9.43% as of Jun. 30, 2026. The weighted average cost of capital (WACC) is the average rate a company pays to finance assets. View historical data on Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi and its competitors. This is 12% below median its historical median of 10.72. Over the past decade, Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi's WACC % has ranged from 9.37 to 105.54. According to the industry distribution chart, Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi ranks #1456 out of 3086 companies in the Industrial Products industry, placing it in the top 47.2%.
Is Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi's WACC % too high?
Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi's current WACC % of 9.43% is 12% below median its 10-year median of 10.72. Over the past 10 years, this metric has ranged from a low of 9.37 to a high of 105.54. The Industrial Products industry median WACC % is 9.67. Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi's value of 9.43% is 2.4% below this industry median. Based on the distribution chart, Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi ranks #1456 out of 3086 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi's WACC % compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi ranks #1456 out of 3086 companies for WACC %. This puts Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi in the upper half of its industry. The industry median WACC % is 9.67. Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi's value of 9.43% is 2.4% below this benchmark. Historically, Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi's own WACC % has ranged from 9.37 to 105.54 over the past decade. While the company's 10-year median is 10.72 vs. the industry median of 9.67, Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi 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 an Industrial Products company?
The median WACC % among Industrial Products companies is 9.67, based on 3,086 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. Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi's current WACC % of 9.43% is 2.4% 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 Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi and its competitors. For the Industrial Products industry, the median WACC % is 9.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi's current WACC % is 9.43%, which is 12% below median its own 10-year median of 10.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi stock overvalued right now?
Based on GuruFocus' analysis, Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi (IST:MAKIM) is currently considered Modestly Undervalued. The stock's GF Value™ is ₺26.30, compared to a current price of ₺19.05 — trading 27.6% below its estimated fair value. The current WACC % is 9.43%, which is 12% below median its 10-year median of 10.72 and 2.4% below the Industrial Products industry median of 9.67. Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi's overall GF Score™ is 82/100 with 8 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 Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi (IST:MAKIM), the current WACC % is 9.43% as of Jun. 30, 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 Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi (IST:MAKIM) Overvalued in 2026?
Based on GuruFocus' analysis, Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi stock appears to be undervalued.
The current stock price of ₺19.05 is trading 27.6% below its estimated GF Value™ of ₺26.30.
GuruFocus considers Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi to be Modestly Undervalued.
Key valuation signals for IST:MAKIM:
WACC %: 9.43% (12% below median its 10-year median of 10.72)
GF Value™: ₺26.30 vs. price of ₺19.05 (27.6% below fair value)
Industry Position: 2.4% below the Industrial Products median (#1456 of 3086)
No single metric tells the full story. See the IST:MAKIM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Makim Makina Teknolojilerinayi Ve Ticaret Anonim Sirketi Business Description
Makim Makina Teknolojileri Sanayi Ve Ticaret Anonim Sirketi engages in production of own designed plunge electro erosion machines. It works on the design, development, and production issues of the electromechanical devices. It offers Turnstile Systems, Biometric Systems, Access Control Systems, Cameras and Accessories, and Alarm Systems, among others. It operates in three main sectors namely Access Control, Investment Casting, and Doner Cutting Equipment.
82GF Score
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