KYRI.AT WACC - Weighted Average Cost of Capital

The WACC of Kiriacoulis Mediterranean Cruises Shipping SA (KYRI.AT) is 6.1%.

The Cost of Equity of Kiriacoulis Mediterranean Cruises Shipping SA (KYRI.AT) is 7.60%.

The Cost of Debt of Kiriacoulis Mediterranean Cruises Shipping SA (KYRI.AT) is 4.25%.

	Range	Selected
Cost of equity	6.60% - 8.60%	7.60%
Tax rate	9.20% - 14.50%	11.85%
Cost of debt	4.00% - 4.50%	4.25%
WACC	5.5% - 6.8%	6.1%

WACC

KYRI.AT WACC calculation

Category	Low	High

Long-term bond rate	3.3%	3.8%
Equity market risk premium	8.8%	9.8%
Adjusted beta	0.37	0.44

Additional risk adjustments	0.0%	0.5%
Cost of equity	6.60%	8.60%

Tax rate	9.20%	14.50%
Debt/Equity ratio	0.62	0.62
Cost of debt	4.00%	4.50%

After-tax WACC	5.5%	6.8%


Selected WACC	6.1%

KYRI.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 KYRI.AT:

cost_of_equity (7.60%) = risk_free_rate (3.55%) + equity_risk_premium (9.30%) * adjusted_beta (0.37) + 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.