ATEB.BR WACC - Weighted Average Cost of Capital
The WACC of Atenor SA (ATEB.BR) is 6.5%.
| Range | Selected | |
| Cost of equity | 4.8% - 6.5% | 5.65% |
| Tax rate | 21.4% - 29.4% | 25.4% |
| Cost of debt | 4.0% - 14.6% | 9.3% |
| WACC | 3.5% - 9.6% | 6.5% |
| Category | Low | High |
| Long-term bond rate | 2.9% | 3.4% |
| Equity market risk premium | 6.0% | 7.0% |
| Adjusted beta | 0.32 | 0.38 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 4.8% | 6.5% |
| Tax rate | 21.4% | 29.4% |
| Debt/Equity ratio | 4.32 | 4.32 |
| Cost of debt | 4.0% | 14.6% |
| After-tax WACC | 3.5% | 9.6% |
| Selected WACC | 6.5% | |
| Debt/Equity | Unlevered | |||
| Peers | Company Name | ratio | Beta | beta |
| ATEB.BR | Atenor SA | 4.32 | 0.07 | 0.02 |
| ALEUA.PA | Eurasia Groupe SA | 11.3 | -0.39 | -0.04 |
| CCAP.DE | Corestate Capital Holding SA | 12.27 | 0.5 | 0.05 |
| DMRE.DE | Demire Deutsche Mittelstand Real Estate AG | 6.76 | 0.8 | 0.13 |
| FREN.SW | Fundamenta Real Estate AG | 1.23 | 0.01 | 0 |
| GTY.DE | Gateway Real Estate AG | 6.55 | -0.27 | -0.04 |
| NREN.SW | Novavest Real Estate AG | 1.42 | -0.08 | -0.04 |
| ORIA.PA | Fiducial Real Estate SA | 0.41 | -0.02 | -0.01 |
| REITIR.IC | Reitir fasteignafelag hf | 1.69 | 0.75 | 0.33 |
| STEF B.ST | Stendorren Fastigheter AB | 1.37 | 0.04 | 0.02 |
| Low | High | |
| Unlevered beta | 0 | 0.02 |
| Relevered beta | -0.01 | 0.07 |
| Adjusted relevered beta | 0.32 | 0.38 |
ATEB.BR'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 ATEB.BR:
cost_of_equity (5.65%) = risk_free_rate (3.15%) + equity_risk_premium (6.50%) * adjusted_beta (0.32) + 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.