ATEK.AT WACC - Weighted Average Cost of Capital

The WACC of Attica Publications SA (ATEK.AT) is 9.4%.

The Cost of Equity of Attica Publications SA (ATEK.AT) is 13.15%.

The Cost of Debt of Attica Publications SA (ATEK.AT) is 6.55%.

	Range	Selected
Cost of equity	7.50% - 18.80%	13.15%
Tax rate	15.50% - 24.50%	20.00%
Cost of debt	6.50% - 6.60%	6.55%
WACC	6.5% - 12.3%	9.4%

WACC

ATEK.AT WACC calculation

Category	Low	High

Long-term bond rate	3.3%	3.8%
Equity market risk premium	8.8%	9.8%
Adjusted beta	0.48	1.48

Additional risk adjustments	0.0%	0.5%
Cost of equity	7.50%	18.80%

Tax rate	15.50%	24.50%
Debt/Equity ratio	0.88	0.88
Cost of debt	6.50%	6.60%

After-tax WACC	6.5%	12.3%


Selected WACC	9.4%

ATEK.AT'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 ATEK.AT:

cost_of_equity (13.15%) = risk_free_rate (3.55%) + equity_risk_premium (9.30%) * adjusted_beta (0.48) + 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.