AST.WA WACC - Weighted Average Cost of Capital

The WACC of ASTARTA Holding NV (AST.WA) is 11.0%.

The Cost of Equity of ASTARTA Holding NV (AST.WA) is 11.05%.

The Cost of Debt of ASTARTA Holding NV (AST.WA) is 12.55%.

	Range	Selected
Cost of equity	9.80% - 12.30%	11.05%
Tax rate	10.70% - 14.50%	12.60%
Cost of debt	10.70% - 14.40%	12.55%
WACC	9.7% - 12.3%	11.0%

WACC

AST.WA WACC calculation

Category	Low	High

Long-term bond rate	5.5%	6.0%
Equity market risk premium	6.3%	7.3%
Adjusted beta	0.68	0.79

Additional risk adjustments	0.0%	0.5%
Cost of equity	9.80%	12.30%

Tax rate	10.70%	14.50%
Debt/Equity ratio	0.48	0.48
Cost of debt	10.70%	14.40%

After-tax WACC	9.7%	12.3%


Selected WACC	11.0%

AST.WA'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 AST.WA:

cost_of_equity (11.05%) = risk_free_rate (5.75%) + equity_risk_premium (6.80%) * adjusted_beta (0.68) + 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.