DEV.L WACC - Weighted Average Cost of Capital
The WACC of Dev Clever Holdings PLC (DEV.L) is 7.8%.
| Range | Selected | |
| Cost of equity | 6.7% - 8.9% | 7.8% |
| Tax rate | 6.4% - 9.2% | 7.8% |
| Cost of debt | 7.0% - 19.4% | 13.2% |
| WACC | 6.7% - 8.9% | 7.8% |
| Category | Low | High |
| Long-term bond rate | 4.0% | 4.5% |
| Equity market risk premium | 6.0% | 7.0% |
| Adjusted beta | 0.45 | 0.56 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 6.7% | 8.9% |
| Tax rate | 6.4% | 9.2% |
| Debt/Equity ratio | 0 | 0 |
| Cost of debt | 7.0% | 19.4% |
| After-tax WACC | 6.7% | 8.9% |
| Selected WACC | 7.8% | |
| Debt/Equity | Unlevered | |||
| Peers | Company Name | ratio | Beta | beta |
| DEV.L | Dev Clever Holdings PLC | 0 | -1.1 | -1.1 |
| ACC.L | Access Intelligence PLC | 0.03 | -0.15 | -0.15 |
| ARCANE.ST | Arcane Crypto AB | 0.04 | 1.78 | 1.73 |
| ATQT.L | ATTRAQT Group plc | 0.03 | -0.11 | -0.11 |
| DAT.WA | Datawalk SA | 0 | 0.39 | 0.39 |
| FPIP.ST | FormPipe Software AB | 0.02 | 0.03 | 0.03 |
| GREAT.ST | Greater Than AB | 0 | 0.85 | 0.85 |
| IGE.PA | IGE + XAO SA | 0.01 | 0.31 | 0.31 |
| N4G.DE | Naga Group AG | 0.01 | 0.54 | 0.54 |
| SPEONE.ST | Spectrumone publ AB | 0.98 | 0.41 | 0.21 |
| Low | High | |
| Unlevered beta | 0.14 | 0.34 |
| Relevered beta | 0.18 | 0.34 |
| Adjusted relevered beta | 0.45 | 0.56 |
DEV.L'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 DEV.L:
cost_of_equity (7.80%) = risk_free_rate (4.25%) + equity_risk_premium (6.50%) * adjusted_beta (0.45) + 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.