INLOT.AT WACC - Weighted Average Cost of Capital
The WACC of Intralot Integrated Lottery Systems & Services SA (INLOT.AT) is 9.2%.
| Range | Selected | |
| Cost of equity | 9.0% - 12.9% | 10.95% |
| Tax rate | 10.3% - 21.6% | 15.95% |
| Cost of debt | 7.3% - 8.6% | 7.95% |
| WACC | 8.0% - 10.4% | 9.2% |
| Category | Low | High |
| Long-term bond rate | 3.3% | 3.8% |
| Equity market risk premium | 8.8% | 9.8% |
| Adjusted beta | 0.65 | 0.88 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 9.0% | 12.9% |
| Tax rate | 10.3% | 21.6% |
| Debt/Equity ratio | 0.68 | 0.68 |
| Cost of debt | 7.3% | 8.6% |
| After-tax WACC | 8.0% | 10.4% |
| Selected WACC | 9.2% | |
| Debt/Equity | Unlevered | |||
| Peers | Company Name | ratio | Beta | beta |
| INLOT.AT | Intralot Integrated Lottery Systems & Services SA | 0.68 | 0.86 | 0.54 |
| 888.L | 888 Holdings PLC | 3.87 | 1.14 | 0.26 |
| BAIN.PA | Societe Anonyme des Bains de Mer et du Cercle des Etrangers a Monaco SA | 0.01 | 0.3 | 0.29 |
| BETS B.ST | Betsson AB | 0.01 | 0.55 | 0.55 |
| CDR.MC | Codere SA | 61.71 | 1.12 | 0.02 |
| KAMBI.ST | Kambi Group PLC | 0.03 | 0.51 | 0.49 |
| PARP.PA | Groupe Partouche SA | 1.62 | 0.31 | 0.13 |
| PTEC.L | Playtech PLC | 0.38 | 1.37 | 1.03 |
| RAKE.ST | Raketech Group Holding PLC | 0.21 | 0.36 | 0.3 |
| RNK.L | Rank Group PLC | 0.35 | 0.87 | 0.67 |
| Low | High | |
| Unlevered beta | 0.3 | 0.51 |
| Relevered beta | 0.48 | 0.82 |
| Adjusted relevered beta | 0.65 | 0.88 |
INLOT.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 INLOT.AT:
cost_of_equity (10.95%) = risk_free_rate (3.55%) + equity_risk_premium (9.30%) * 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.