HAW.DE WACC - Weighted Average Cost of Capital
The WACC of Hawesko Holding AG (HAW.DE) is 6.0%.
| Range | Selected | |
| Cost of equity | 6.1% - 11.5% | 8.8% |
| Tax rate | 33.1% - 37.1% | 35.1% |
| Cost of debt | 4.0% - 4.5% | 4.25% |
| WACC | 4.5% - 7.4% | 6.0% |
| Category | Low | High |
| Long-term bond rate | 2.8% | 3.3% |
| Equity market risk premium | 5.1% | 6.1% |
| Adjusted beta | 0.65 | 1.27 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 6.1% | 11.5% |
| Tax rate | 33.1% | 37.1% |
| Debt/Equity ratio | 0.89 | 0.89 |
| Cost of debt | 4.0% | 4.5% |
| After-tax WACC | 4.5% | 7.4% |
| Selected WACC | 6.0% | |
| Debt/Equity | Unlevered | |||
| Peers | Company Name | ratio | Beta | beta |
| HAW.DE | Hawesko Holding AG | 0.89 | 0.05 | 0.03 |
| CRFSA.IS | CarrefourSA Carrefour Sabanci Ticaret Merkezi AS | 0.42 | 1.24 | 0.97 |
| DNP.WA | Dino Polska SA | 0.02 | 1.11 | 1.1 |
| FIVE.L | X5 Retail Group NV | 2.6 | 0.67 | 0.24 |
| MLGRC.PA | Groupe Carnivor SA | 2.52 | -0.11 | -0.04 |
| SOKM.IS | Sok Marketler Ticaret AS | 0.3 | 0.98 | 0.82 |
| TKM1T.TL | Tallinna Kaubamaja Grupp AS | 0.85 | -0.1 | -0.06 |
| VILN.SW | Villars Holding SA | 0.52 | 0.03 | 0.03 |
| WINE.L | Naked Wines PLC | 0.28 | 1.74 | 1.47 |
| CLIQ.TO | Alcanna Inc | 0.72 | 1.55 | 1.05 |
| Low | High | |
| Unlevered beta | 0.16 | 0.88 |
| Relevered beta | 0.48 | 1.4 |
| Adjusted relevered beta | 0.65 | 1.27 |
HAW.DE'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 HAW.DE:
cost_of_equity (8.80%) = risk_free_rate (3.05%) + equity_risk_premium (5.60%) * adjusted_beta (0.65) + 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.