|
Representative company | Market index | | Beta of debt | Tax | Levered beta | Unlevered beta |
|
Transurban Group | All Ordinaries | 1.17 | 0.80 | 0.30 | 0.36 | 0.56 |
Beijing Capital Co., Ltd. | SSE Composite | 2.15 | 0.16 | 0.25 | 1.28 | 0.59 |
Chongqing Road & Bridge Co., Ltd. | SSE Composite | 1.61 | 0.05 | 0.25 | 0.80 | 0.39 |
Dongguan Development (Holdings) Co., Ltd | SSE Composite | 1.61 | 0.28 | 0.25 | 1.02 | 0.62 |
Fujian Expressway Development Co., Ltd. | SSE Composite | 0.96 | 0.23 | 0.25 | 0.80 | 0.56 |
Guangxi Wuzhou Communications Co Ltd | SSE Composite | 2.69 | 0.53 | 0.25 | 0.85 | 0.64 |
Henan Zhongyuan Expressway Co Ltd | SSE Composite | 3.40 | 0.67 | 0.25 | 0.95 | 0.75 |
Huabei Expressway Co., Ltd. | SSE Composite | 1.61 | 0.28 | 0.25 | 0.67 | 0.46 |
Jiangsu Expressway Co Ltd | SSE Composite | 0.26 | 0.05 | 0.25 | 0.70 | 0.60 |
Jiangxi Ganyue Expressway Co., Ltd | SSE Composite | 1.07 | 0.16 | 0.25 | 0.92 | 0.58 |
Xiandai Investment Co., Ltd | SSE Composite | 1.61 | 0.28 | 0.25 | 0.66 | 0.45 |
Shenzhen Expressway Company Limited | SSE Composite | 0.71 | 0.16 | 0.25 | 1.06 | 0.75 |
Sichuan Expressway Co Ltd | SSE Composite | 1.10 | 0.16 | 0.25 | 1.29 | 0.78 |
Hopewell Highway Infrastructure Ltd | Hang Seng | 1.61 | 0.33 | 0.17 | 0.35 | 0.34 |
Road King Infrastructure Limited | Hang Seng | 1.61 | 0.33 | 0.17 | 0.78 | 0.52 |
Zhejiang Expressway Co., Ltd. | Hang Seng | 1.61 | 0.33 | 0.17 | 0.57 | 0.43 |
Autrostrada Torino-Milano SPA | FTSE Midcap | 1.61 | 0.25 | 0.31 | 1.04 | 0.63 |
Societa Iniziative Autostradali e Servizi | FTSE Midcap | 1.68 | 0.14 | 0.31 | 0.72 | 0.41 |
Autostrade Meridionali S.p.A. | FTSE Midcap | 1.69 | 0.60 | 0.31 | 0.57 | 0.59 |
Abertis Infraestructuras S.A. | IBEX 35 | 2.47 | 0.05 | 0.30 | 0.80 | 0.33 |
Obrascon Huarte Lain SA | IBEX 35 | 3.25 | 0.23 | 0.30 | 1.07 | 0.49 |
Sacyr SA | IBEX 35 | 1.61 | 0.28 | 0.30 | 1.66 | 0.93 |
Unlevered Beta of Equity (average) | ā | 0.56 |
|