BIOT.AT WACC - Weighted Average Cost of Capital

The WACC of Bioter SA (BIOT.AT) is 6.3%.

The Cost of Equity of Bioter SA (BIOT.AT) is 7.10%.

The Cost of Debt of Bioter SA (BIOT.AT) is 6.55%.

	Range	Selected
Cost of equity	5.50% - 8.70%	7.10%
Tax rate	2.20% - 6.50%	4.35%
Cost of debt	6.10% - 7.00%	6.55%
WACC	5.9% - 6.6%	6.3%

WACC

BIOT.AT WACC calculation

Category	Low	High

Long-term bond rate	3.3%	3.8%
Equity market risk premium	8.8%	9.8%
Adjusted beta	0.25	0.45

Additional risk adjustments	0.0%	0.5%
Cost of equity	5.50%	8.70%

Tax rate	2.20%	6.50%
Debt/Equity ratio	49.56	49.56
Cost of debt	6.10%	7.00%

After-tax WACC	5.9%	6.6%


Selected WACC	6.3%

BIOT.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 BIOT.AT:

cost_of_equity (7.10%) = risk_free_rate (3.55%) + equity_risk_premium (9.30%) * adjusted_beta (0.25) + 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.