The WACC of Clasquin SA (ALCLA.PA) is 6.2%.
Range | Selected | |
Cost of equity | 5.5% - 8.1% | 6.8% |
Tax rate | 27.6% - 29.8% | 28.7% |
Cost of debt | 4.0% - 4.5% | 4.25% |
WACC | 5.1% - 7.3% | 6.2% |
Category | Low | High |
Long-term bond rate | 3.0% | 3.5% |
Equity market risk premium | 5.8% | 6.8% |
Adjusted beta | 0.42 | 0.6 |
Additional risk adjustments | 0.0% | 0.5% |
Cost of equity | 5.5% | 8.1% |
Tax rate | 27.6% | 29.8% |
Debt/Equity ratio | 0.18 | 0.18 |
Cost of debt | 4.0% | 4.5% |
After-tax WACC | 5.1% | 7.3% |
Selected WACC | 6.2% | |
Debt/Equity | Unlevered | |||
Peers | Company Name | ratio | Beta | beta |
ALCLA.PA | Clasquin SA | 0.18 | 0.13 | 0.12 |
CTT.LS | CTT Correios de Portugal SA | 4.26 | 0.4 | 0.1 |
DX.L | DX (Group) PLC | 0.41 | 0.93 | 0.71 |
IDL.PA | ID Logistics SAS | 0.5 | 0.93 | 0.68 |
JETPAK.ST | Jetpak Top Holding AB (publ) | 0.16 | -0.11 | -0.1 |
MLL.DE | Mueller Die lila Logistik SE | 3.14 | 0.04 | 0.01 |
NLG1V.HE | Nurminen Logistics Oyj | 0.53 | 0.4 | 0.29 |
POST.VI | Oesterreichische Post AG | 2.21 | 0.33 | 0.13 |
RYSAS.IS | Reysas Tasimacilik ve Lojistik Ticaret AS | 1.76 | 1.03 | 0.45 |
XPD.L | Xpediator PLC | 1.23 | 1.51 | 0.8 |
Low | High | |
Unlevered beta | 0.12 | 0.35 |
Relevered beta | 0.13 | 0.4 |
Adjusted relevered beta | 0.42 | 0.6 |
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 ALCLA.PA:
cost_of_equity (6.80%) = risk_free_rate (3.25%) + equity_risk_premium (6.30%) * adjusted_beta (0.42) + 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.