IMP.WA WACC - Weighted Average Cost of Capital
The WACC of Impera Capital Alternatywna Spolka Inwestycyjna SA (IMP.WA) is 8.3%.
| Range | Selected | |
| Cost of equity | 8.7% - 13.2% | 10.95% |
| Tax rate | 19.0% - 19.0% | 19% |
| Cost of debt | 7.0% - 7.0% | 7% |
| WACC | 7.2% - 9.5% | 8.3% |
| Category | Low | High |
| Long-term bond rate | 5.5% | 6.0% |
| Equity market risk premium | 6.3% | 7.3% |
| Adjusted beta | 0.5 | 0.92 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 8.7% | 13.2% |
| Tax rate | 19.0% | 19.0% |
| Debt/Equity ratio | 1 | 1 |
| Cost of debt | 7.0% | 7.0% |
| After-tax WACC | 7.2% | 9.5% |
| Selected WACC | 8.3% | |
| Debt/Equity | Unlevered | |||
| Peers | Company Name | ratio | Beta | beta |
| IMP.WA | Impera Capital Alternatywna Spolka Inwestycyjna SA | 1.19 | 0.46 | 0.24 |
| ADV.WA | Adiuvo Investments SA | 1.12 | -0.54 | -0.28 |
| BLU.WA | Blumerang Investors SA | 0.81 | -1.49 | -0.9 |
| CNLCAP.AT | CNL Capital EKES AIFM | 0.89 | 0.13 | 0.08 |
| GEQ.MI | Gequity SpA | 1.66 | 0.18 | 0.08 |
| LOUD.HE | Loudspring Plc | 0.5 | 1.06 | 0.76 |
| MAFL.L | Mineral & Financial Investments Ltd | 0 | 0.19 | 0.19 |
| MARKA.IS | Marka Yatirim Holding AS | 0 | 1.62 | 1.62 |
| MWT.WA | M.W. Trade SA | 0.05 | 0.38 | 0.36 |
| RHEAG.IS | Rhea Girisim Sermayesi Yatirim Ortakligi AS | 0.11 | 0.73 | 0.67 |
| VTI.WA | Venture Inc SA | 0 | 1.16 | 1.15 |
| Low | High | |
| Unlevered beta | 0.19 | 0.36 |
| Relevered beta | 0.25 | 0.88 |
| Adjusted relevered beta | 0.5 | 0.92 |
IMP.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 IMP.WA:
cost_of_equity (10.95%) = risk_free_rate (5.75%) + equity_risk_premium (6.80%) * adjusted_beta (0.5) + 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.