ANGL.TA WACC - Weighted Average Cost of Capital

The WACC of Salomon A Angel Ltd (ANGL.TA) is 9.7%.

The Cost of Equity of Salomon A Angel Ltd (ANGL.TA) is 12.35%.

The Cost of Debt of Salomon A Angel Ltd (ANGL.TA) is 8.75%.

	Range	Selected
Cost of equity	10.50% - 14.20%	12.35%
Tax rate	24.20% - 40.90%	32.55%
Cost of debt	7.00% - 10.50%	8.75%
WACC	8.4% - 11.0%	9.7%

WACC

ANGL.TA WACC calculation

Category	Low	High

Long-term bond rate	4.8%	5.3%
Equity market risk premium	6.1%	7.1%
Adjusted beta	0.92	1.17

Additional risk adjustments	0.0%	0.5%
Cost of equity	10.50%	14.20%

Tax rate	24.20%	40.90%
Debt/Equity ratio	0.65	0.65
Cost of debt	7.00%	10.50%

After-tax WACC	8.4%	11.0%


Selected WACC	9.7%

ANGL.TA'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 ANGL.TA:

cost_of_equity (12.35%) = risk_free_rate (5.05%) + equity_risk_premium (6.60%) * adjusted_beta (0.92) + 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.