ADEL.IS WACC - Weighted Average Cost of Capital

The WACC of Adel Kalemcilik Ticaret ve Sanayi AS (ADEL.IS) is 26.1%.

The Cost of Equity of Adel Kalemcilik Ticaret ve Sanayi AS (ADEL.IS) is 27.55%.

The Cost of Debt of Adel Kalemcilik Ticaret ve Sanayi AS (ADEL.IS) is 34.25%.

	Range	Selected
Cost of equity	26.30% - 28.80%	27.55%
Tax rate	28.50% - 34.50%	31.50%
Cost of debt	29.70% - 38.80%	34.25%
WACC	24.5% - 27.6%	26.1%

WACC

ADEL.IS WACC calculation

Category	Low	High

Long-term bond rate	21.4%	21.9%
Equity market risk premium	10.2%	11.2%
Adjusted beta	0.48	0.57

Additional risk adjustments	0.0%	0.5%
Cost of equity	26.30%	28.80%

Tax rate	28.50%	34.50%
Debt/Equity ratio	0.53	0.53
Cost of debt	29.70%	38.80%

After-tax WACC	24.5%	27.6%


Selected WACC	26.1%

ADEL.IS's CAPM model and how its cost of Equity is calculated

The Cost of Equity reflects the return a company needs to deliver to shareholders to justify the risk of investing in its shares. It’s computed using the Capital Asset Pricing Model (CAPM), which blends the risk-free rate, the stock’s beta, and the market risk premium.

This method evaluates the stock’s risk compared to a safe investment and the market’s overall volatility.

Here’s how we figure out the cost of equity for ADEL.IS:

cost_of_equity (27.55%) = risk_free_rate (21.65%) + equity_risk_premium (10.70%) * adjusted_beta (0.48) + risk_adjustments (0.25%)

We include the risk adjustments, which range from 0% to 1%, to keep our WACC conservatives, especially for companies traded in developing markets.