ALCES.PA
Cesar SA
Price:  
0.04 
EUR
Volume:  
36,689.00
France | Leisure Products
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ALCES.PA WACC - Weighted Average Cost of Capital

The WACC of Cesar SA (ALCES.PA) is 4.0%.

The Cost of Equity of Cesar SA (ALCES.PA) is 11.20%.
The Cost of Debt of Cesar SA (ALCES.PA) is 5.00%.

Range Selected
Cost of equity 3.80% - 18.60% 11.20%
Tax rate 25.90% - 27.10% 26.50%
Cost of debt 5.00% - 5.00% 5.00%
WACC 3.7% - 4.2% 4.0%
WACC

ALCES.PA WACC calculation

Category Low High
Long-term bond rate 3.0% 3.5%
Equity market risk premium 5.8% 6.8%
Adjusted beta -0.63 1.48
Additional risk adjustments 4.5% 5.0%
Cost of equity 3.80% 18.60%
Tax rate 25.90% 27.10%
Debt/Equity ratio 26.3 26.3
Cost of debt 5.00% 5.00%
After-tax WACC 3.7% 4.2%
Selected WACC 4.0%

ALCES.PA'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 ALCES.PA:

cost_of_equity (11.20%) = risk_free_rate (3.25%) + equity_risk_premium (6.30%) * adjusted_beta (-0.63) + risk_adjustments (4.75%)

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