ENA.WA
Enea SA
Price:  
20.1 
PLN
Volume:  
464,685
Poland | Electric Utilities

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 12.1%.
The Cost of Debt of Enea SA (ENA.WA) is 5.1%.

RangeSelected
Cost of equity10.6% - 13.6%12.1%
Tax rate15.9% - 33.0%24.45%
Cost of debt4.0% - 6.2%5.1%
WACC7.6% - 9.7%8.6%
WACC

ENA.WA WACC calculation

CategoryLowHigh
Long-term bond rate5.5%6.0%
Equity market risk premium6.3%7.3%
Adjusted beta0.80.97
Additional risk adjustments0.0%0.5%
Cost of equity10.6%13.6%
Tax rate15.9%33.0%
Debt/Equity ratio
0.710.71
Cost of debt4.0%6.2%
After-tax WACC7.6%9.7%
Selected WACC8.6%

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 (12.10%) = risk_free_rate (5.75%) + equity_risk_premium (6.80%) * adjusted_beta (0.8) + 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.