ENA.WA WACC - Weighted Average Cost of Capital

The WACC of Enea SA (ENA.WA) is 8.6%.

The Cost of Equity of Enea SA (ENA.WA) is 12.05%.

The Cost of Debt of Enea SA (ENA.WA) is 5.10%.

	Range	Selected
Cost of equity	10.50% - 13.60%	12.05%
Tax rate	15.90% - 33.00%	24.45%
Cost of debt	4.00% - 6.20%	5.10%
WACC	7.5% - 9.7%	8.6%

WACC

ENA.WA WACC calculation

Category	Low	High

Long-term bond rate	5.5%	6.0%
Equity market risk premium	6.3%	7.3%
Adjusted beta	0.78	0.97

Additional risk adjustments	0.0%	0.5%
Cost of equity	10.50%	13.60%

Tax rate	15.90%	33.00%
Debt/Equity ratio	0.71	0.71
Cost of debt	4.00%	6.20%

After-tax WACC	7.5%	9.7%


Selected WACC	8.6%

ENA.WA'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 ENA.WA:

cost_of_equity (12.05%) = risk_free_rate (5.75%) + equity_risk_premium (6.80%) * adjusted_beta (0.78) + 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.