CNLCAP.AT WACC - Weighted Average Cost of Capital

The WACC of CNL Capital EKES AIFM (CNLCAP.AT) is 12.5%.

The Cost of Equity of CNL Capital EKES AIFM (CNLCAP.AT) is 11.60%.

The Cost of Debt of CNL Capital EKES AIFM (CNLCAP.AT) is 17.40%.

	Range	Selected
Cost of equity	9.20% - 14.00%	11.60%
Tax rate	14.90% - 22.60%	18.75%
Cost of debt	8.60% - 26.20%	17.40%
WACC	8.4% - 16.6%	12.5%

WACC

CNLCAP.AT WACC calculation

Category	Low	High

Long-term bond rate	3.3%	3.8%
Equity market risk premium	8.8%	9.8%
Adjusted beta	0.67	0.99

Additional risk adjustments	0.0%	0.5%
Cost of equity	9.20%	14.00%

Tax rate	14.90%	22.60%
Debt/Equity ratio	0.74	0.74
Cost of debt	8.60%	26.20%

After-tax WACC	8.4%	16.6%


Selected WACC	12.5%

CNLCAP.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 CNLCAP.AT:

cost_of_equity (11.60%) = risk_free_rate (3.55%) + equity_risk_premium (9.30%) * adjusted_beta (0.67) + 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.