AST.WA WACC - Weighted Average Cost of Capital
The WACC of ASTARTA Holding NV (AST.WA) is 11.2%.
| Range | Selected | |
| Cost of equity | 8.0% - 10.7% | 9.35% |
| Tax rate | 6.9% - 9.7% | 8.3% |
| Cost of debt | 15.5% - 17.3% | 16.4% |
| WACC | 10.1% - 12.3% | 11.2% |
| Category | Low | High |
| Long-term bond rate | 5.5% | 6.0% |
| Equity market risk premium | 6.3% | 7.3% |
| Adjusted beta | 0.4 | 0.57 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 8.0% | 10.7% |
| Tax rate | 6.9% | 9.7% |
| Debt/Equity ratio | 0.49 | 0.49 |
| Cost of debt | 15.5% | 17.3% |
| After-tax WACC | 10.1% | 12.3% |
| Selected WACC | 11.2% | |
| Debt/Equity | Unlevered | |||
| Peers | Company Name | ratio | Beta | beta |
| AST.WA | ASTARTA Holding NV | 0.49 | 0.77 | 0.53 |
| ATRAV.HE | Atria Oyj | 0.74 | 0.15 | 0.09 |
| AVGR.L | AvangardCo Investments Public Ltd | 6.7 | 0.36 | 0.05 |
| BAIN.MC | Borges Agricultural & Industrial Nuts SA | 0.54 | 0.44 | 0.29 |
| BAKKA.OL | P/F Bakkafrost | 0.22 | 0.37 | 0.31 |
| GSF.OL | Grieg Seafood ASA | 0.8 | 0.69 | 0.4 |
| HKSAV.HE | HKScan Oyj | 5.38 | -0.04 | -0.01 |
| OVO.WA | Ovostar Union NV | 0.02 | -0.12 | -0.12 |
| SCHO.CO | Schouw & Co A/S | 0.42 | 0.05 | 0.04 |
| SCST.ST | Scandi Standard AB (publ) | 0.31 | 0.27 | 0.21 |
| Low | High | |
| Unlevered beta | 0.07 | 0.24 |
| Relevered beta | 0.1 | 0.36 |
| Adjusted relevered beta | 0.4 | 0.57 |
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 (9.35%) = risk_free_rate (5.75%) + equity_risk_premium (6.80%) * adjusted_beta (0.4) + 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.