CNLCAP.AT WACC - Weighted Average Cost of Capital

The WACC of CNL Capital EKES AIFM (CNLCAP.AT) is 12.4%.

The Cost of Equity of CNL Capital EKES AIFM (CNLCAP.AT) is 11.65%.

The Cost of Debt of CNL Capital EKES AIFM (CNLCAP.AT) is 15.55%.

	Range	Selected
Cost of equity	8.60% - 14.70%	11.65%
Tax rate	8.40% - 16.10%	12.25%
Cost of debt	5.50% - 25.60%	15.55%
WACC	6.9% - 17.9%	12.4%

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	0.6	1.06

Additional risk adjustments	0.0%	0.5%
Cost of equity	8.60%	14.70%

Tax rate	8.40%	16.10%
Debt/Equity ratio	0.89	0.89
Cost of debt	5.50%	25.60%

After-tax WACC	6.9%	17.9%


Selected WACC	12.4%

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 (11.65%) = risk_free_rate (3.55%) + equity_risk_premium (9.30%) * adjusted_beta (0.6) + 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.