ARYN.SW WACC - Weighted Average Cost of Capital
The WACC of Aryzta AG (ARYN.SW) is 6.3%.
| Range | Selected | |
| Cost of equity | 3.2% - 5.4% | 4.3% |
| Tax rate | 14.7% - 24.3% | 19.5% |
| Cost of debt | 4.6% - 25.1% | 14.85% |
| WACC | 3.4% - 9.2% | 6.3% |
| Category | Low | High |
| Long-term bond rate | 1.0% | 1.5% |
| Equity market risk premium | 5.1% | 6.1% |
| Adjusted beta | 0.45 | 0.57 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 3.2% | 5.4% |
| Tax rate | 14.7% | 24.3% |
| Debt/Equity ratio | 0.39 | 0.39 |
| Cost of debt | 4.6% | 25.1% |
| After-tax WACC | 3.4% | 9.2% |
| Selected WACC | 6.3% | |
| Debt/Equity | Unlevered | |||
| Peers | Company Name | ratio | Beta | beta |
| ARYN.SW | Aryzta AG | 0.39 | 0.81 | 0.61 |
| AGR.VI | Agrana Beteiligungs AG | 0.8 | 0.41 | 0.25 |
| BELL.SW | Bell Food Group AG | 0.65 | 0 | 0 |
| BON.PA | Bonduelle SA | 2.08 | 0.45 | 0.16 |
| EBRO.MC | Ebro Foods SA | 0.19 | 0.1 | 0.08 |
| FBEL.PA | BEL SA | 0.31 | 0.51 | 0.41 |
| GREEN.BR | Greenyard NV | 1.57 | 0.68 | 0.29 |
| SCHO.CO | Schouw & Co A/S | 0.43 | 0.04 | 0.03 |
| TATE.L | Tate & Lyle PLC | 0.56 | 1.19 | 0.81 |
| UNBL.PA | Unibel SA | 0.53 | -0.08 | -0.05 |
| Low | High | |
| Unlevered beta | 0.13 | 0.27 |
| Relevered beta | 0.18 | 0.36 |
| Adjusted relevered beta | 0.45 | 0.57 |
ARYN.SW'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 ARYN.SW:
cost_of_equity (4.30%) = risk_free_rate (1.25%) + equity_risk_premium (5.60%) * adjusted_beta (0.45) + 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.