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    • HDD.DE
    Heidelberger Druckmaschinen AG
    Price:  
    1.61 
    EUR
    Volume:  
    788,899
    Germany | Machinery
    ValuationOverviewFinancialsForecastCompareHistorical PriceDividendsTransactionsPeople
    Valuation Summary
    Discounted Cash Flow
    Trading Multiples
    Peter Lynch Fair Value
    Dividend Discount Model
    WACC
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    HDD.DE WACC - Weighted Average Cost of Capital

    The WACC of Heidelberger Druckmaschinen AG (HDD.DE) is 8.0%.

    The Cost of Equity of Heidelberger Druckmaschinen AG (HDD.DE) is 8.5%.
    The Cost of Debt of Heidelberger Druckmaschinen AG (HDD.DE) is 6.5%.

    RangeSelected
    Cost of equity7.3% - 9.7%8.5%
    Tax rate30.0% - 30.0%30%
    Cost of debt4.3% - 8.7%6.5%
    WACC6.7% - 9.2%8.0%
    WACC

    HDD.DE WACC calculation

    CategoryLowHigh
    Long-term bond rate2.8%3.3%
    Equity market risk premium5.1%6.1%
    Adjusted beta0.890.97
    Additional risk adjustments0.0%0.5%
    Cost of equity7.3%9.7%
    Tax rate30.0%30.0%
    Debt/Equity ratio
    		0.150.15
    Cost of debt4.3%8.7%
    After-tax WACC6.7%9.2%
    Selected WACC8.0%

    HDD.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 HDD.DE:

    cost_of_equity (8.50%) = risk_free_rate (3.05%) + equity_risk_premium (5.60%) * adjusted_beta (0.89) + 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.