Jiangxi Copper CoJIAXF -5.88%69 WACC % is 2.31% as of Jul. 04, 2026, which is 68% below its 10-year median of 7.23. GuruFocus rates JIAXF with a GF Score™ of 69/100 and a GF Value™ of $2.22 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 2,665 Metals & Mining companies, Jiangxi Copper Co ranks better than 57.67% on this metric.
As of today (2026-07-04), Jiangxi Copper Co's weighted average cost of capital is 2.31%%. Jiangxi Copper Co's ROIC % is 8.28% (calculated using TTM income statement data).
Jiangxi Copper Co generates higher returns on investment than it costs the company to raise the capital needed for that investment. It 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.
For a comprehensive WACC calculation, please access the WACC Calculator.
Jiangxi Copper Co (OTCPK:JIAXF) 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, Jiangxi Copper Co's weighted average cost of capital is 2.31%%. Jiangxi Copper Co's ROIC % is 8.28% (calculated using TTM income statement data).
Jiangxi Copper Co generates higher returns on investment than it costs the company to raise the capital needed for that investment. It 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.
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
Jiangxi Copper Co WACC % Historical Data
* Premium members only.
The historical data trend for Jiangxi Copper Co'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 Copper subindustry, Jiangxi Copper Co'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.
Jiangxi Copper Co WACC % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Jiangxi Copper Co's WACC % distribution charts can be found below:
* The bar in red indicates where Jiangxi Copper Co'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, Jiangxi Copper Co's market capitalization (E) is $18207.479 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, Jiangxi Copper Co's latest one-year quarterly average Book Value of Debt (D) is $13263.2866 Mil.
a) weight of equity = E / (E + D) = 18207.479 / (18207.479 + 13263.2866) = 0.5786
b) weight of debt = D / (E + D) = 13263.2866 / (18207.479 + 13263.2866) = 0.4214
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 4.485%. 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. Jiangxi Copper Co's beta is -0.3359.
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 = 4.485% + -0.3359 * 6% = 2.4696%
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, Jiangxi Copper Co's interest expense (positive number) was $378.432 Mil. Its total Book Value of Debt (D) is $13263.2866 Mil.
Cost of Debt = 378.432 / 13263.2866 = 2.8532%.
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 = 449.12 / 1667.637 = 26.93%.
Jiangxi Copper Co'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)
=
0.5786
*
2.4696%
+
0.4214
*
2.8532%
*
(1 - 26.93%)
=
2.31%
* 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.
Jiangxi Copper Co (JIAXF) has a WACC % of 2.31% as of Jul. 04, 2026. The weighted average cost of capital (WACC) is the average rate a company pays to finance assets. View historical data on Jiangxi Copper Co and its competitors. This is 68% below median its historical median of 7.23. Over the past decade, Jiangxi Copper Co's WACC % has ranged from 6.45 to 9.70. According to the industry distribution chart, Jiangxi Copper Co ranks #1128 out of 2665 companies in the Metals & Mining industry, placing it in the top 42.3%.
Is Jiangxi Copper Co's WACC % too high?
Jiangxi Copper Co's current WACC % of 2.31% is 68% below median its 10-year median of 7.23. Over the past 10 years, this metric has ranged from a low of 6.45 to a high of 9.70. The Metals & Mining industry median WACC % is 9.57. Jiangxi Copper Co's value of 2.31% is 75.9% below this industry median. Based on the distribution chart, Jiangxi Copper Co ranks #1128 out of 2665 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Jiangxi Copper Co has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Jiangxi Copper Co's WACC % compare to SCCO and FCX?
According to the Metals & Mining industry distribution chart, Jiangxi Copper Co ranks #1128 out of 2665 companies for WACC %. This puts Jiangxi Copper Co in the upper half of its industry. The industry median WACC % is 9.57. Jiangxi Copper Co's value of 2.31% is 75.9% below this benchmark. Historically, Jiangxi Copper Co's own WACC % has ranged from 6.45 to 9.70 over the past decade. While the company's 10-year median is 7.23 vs. the industry median of 9.57, Jiangxi Copper Co 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 Metals & Mining company?
The median WACC % among Metals & Mining companies is 9.57, based on 2,665 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. Jiangxi Copper Co's current WACC % of 2.31% is 75.9% 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 Jiangxi Copper Co and its competitors. For the Metals & Mining industry, the median WACC % is 9.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jiangxi Copper Co's current WACC % is 2.31%, which is 68% below median its own 10-year median of 7.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jiangxi Copper Co stock overvalued right now?
Based on GuruFocus' analysis, Jiangxi Copper Co (JIAXF) is currently considered Significantly Overvalued. The stock's GF Value™ is $2.22, compared to a current price of $3.68 — trading 65.8% above its estimated fair value. The current WACC % is 2.31%, which is 68% below median its 10-year median of 7.23 and 75.9% below the Metals & Mining industry median of 9.57. Jiangxi Copper Co's overall GF Score™ is 69/100 with 1 warning sign 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 Jiangxi Copper Co (JIAXF), the current WACC % is 2.31% as of Jul. 04, 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 Jiangxi Copper Co (JIAXF) Overvalued in 2026?
Based on GuruFocus' analysis, Jiangxi Copper Co stock appears to be overvalued.
The current stock price of $3.68 is trading 65.8% above its estimated GF Value™ of $2.22.
GuruFocus considers Jiangxi Copper Co to be Significantly Overvalued.
Key valuation signals for JIAXF:
WACC %: 2.31% (68% below median its 10-year median of 7.23)
GF Value™: $2.22 vs. price of $3.68 (65.8% above fair value)
Industry Position: 75.9% below the Metals & Mining median (#1128 of 2665)
No single metric tells the full story. See the JIAXF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Jiangxi Copper Co Ltd engages in copper and gold mining, dressing, smelting and processing; extraction and processing of rare and scattered metals; sectors such as sulphuric chemistry and trading. Its products include such as cathode copper, gold, silver, lead-zinc, and sulfuric acid; rare and precious metal products such as molybdenum, selenium, tellurium, rhenium, platinum, palladium, and bismuth; as well as copper processing products, new material products, and industrial manufacturing products. It has two operating segments: the production and sale of copper and other related products and services, and the production and sale of gold and other related products and services. The majority of the company's revenue is derived from the Copper related business.
69GF Score
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