The WACC of Aton HT SA w restrukturyzacji (ATO.WA) is 6.6%.
Range | Selected | |
Cost of equity | 8.8% - 12.3% | 10.55% |
Tax rate | 19.0% - 19.0% | 19% |
Cost of debt | 5.0% - 5.0% | 5% |
WACC | 5.9% - 7.3% | 6.6% |
Category | Low | High |
Long-term bond rate | 5.5% | 6.0% |
Equity market risk premium | 6.3% | 7.3% |
Adjusted beta | 0.52 | 0.79 |
Additional risk adjustments | 0.0% | 0.5% |
Cost of equity | 8.8% | 12.3% |
Tax rate | 19.0% | 19.0% |
Debt/Equity ratio | 1.52 | 1.52 |
Cost of debt | 5.0% | 5.0% |
After-tax WACC | 5.9% | 7.3% |
Selected WACC | 6.6% | |
Debt/Equity | Unlevered | |||
Peers | Company Name | ratio | Beta | beta |
ATO.WA | Aton HT SA w restrukturyzacji | 1.52 | 0 | 0 |
ALEUP.PA | Europlasma SA | 2 | -1.29 | -0.49 |
FLTA.L | Filta Group Holdings PLC | 0.12 | 1.77 | 1.61 |
GRC.WA | Grupa Recykl SA | 0.38 | 0.3 | 0.23 |
QFUEL.OL | Quantafuel AS | 0.11 | -0.04 | -0.04 |
SAMAT.IS | Saray Matbaacilik Kagitcilik Kirtasiyecilik Ticaret ve Sanayi AS | 0.1 | 1.56 | 1.45 |
SAXG.ST | Saxlund Group AB | 0.04 | 0.48 | 0.46 |
SES.ST | Scandinavian Enviro Systems AB | 0 | -0.26 | -0.26 |
WATR.L | Water Intelligence PLC | 0.21 | 0.25 | 0.21 |
GEVI | General Environmental Management Inc | 0.01 | 1.06 | 1.05 |
Low | High | |
Unlevered beta | 0.13 | 0.32 |
Relevered beta | 0.28 | 0.69 |
Adjusted relevered beta | 0.52 | 0.79 |
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 ATO.WA:
cost_of_equity (10.55%) = risk_free_rate (5.75%) + equity_risk_premium (6.80%) * adjusted_beta (0.52) + 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.