CLEBI.IS WACC - Weighted Average Cost of Capital

The WACC of Celebi Hava Servisi AS (CLEBI.IS) is 25.3%.

The Cost of Equity of Celebi Hava Servisi AS (CLEBI.IS) is 29.80%.

The Cost of Debt of Celebi Hava Servisi AS (CLEBI.IS) is 14.95%.

	Range	Selected
Cost of equity	27.90% - 31.70%	29.80%
Tax rate	11.20% - 15.40%	13.30%
Cost of debt	4.50% - 25.40%	14.95%
WACC	21.6% - 29.0%	25.3%

WACC

CLEBI.IS WACC calculation

Category	Low	High

Long-term bond rate	21.4%	21.9%
Equity market risk premium	10.2%	11.2%
Adjusted beta	0.64	0.83

Additional risk adjustments	0.0%	0.5%
Cost of equity	27.90%	31.70%

Tax rate	11.20%	15.40%
Debt/Equity ratio	0.35	0.35
Cost of debt	4.50%	25.40%

After-tax WACC	21.6%	29.0%


Selected WACC	25.3%

CLEBI.IS'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 CLEBI.IS:

cost_of_equity (29.80%) = risk_free_rate (21.65%) + equity_risk_premium (10.70%) * adjusted_beta (0.64) + 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.