EYAPS.AT WACC - Weighted Average Cost of Capital

The WACC of Thessaloniki Water and Sewage Co SA (EYAPS.AT) is 8.3%.

The Cost of Equity of Thessaloniki Water and Sewage Co SA (EYAPS.AT) is 8.30%.

The Cost of Debt of Thessaloniki Water and Sewage Co SA (EYAPS.AT) is 43.95%.

	Range	Selected
Cost of equity	7.30% - 9.30%	8.30%
Tax rate	28.60% - 29.50%	29.05%
Cost of debt	4.00% - 83.90%	43.95%
WACC	7.2% - 9.4%	8.3%

WACC

EYAPS.AT WACC calculation

Category	Low	High

Long-term bond rate	3.3%	3.8%
Equity market risk premium	8.8%	9.8%
Adjusted beta	0.45	0.51

Additional risk adjustments	0.0%	0.5%
Cost of equity	7.30%	9.30%

Tax rate	28.60%	29.50%
Debt/Equity ratio	0	0
Cost of debt	4.00%	83.90%

After-tax WACC	7.2%	9.4%


Selected WACC	8.3%

EYAPS.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 EYAPS.AT:

cost_of_equity (8.30%) = risk_free_rate (3.55%) + equity_risk_premium (9.30%) * 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.