MATHIO.AT WACC - Weighted Average Cost of Capital

The WACC of Mathios Refractory SA (MATHIO.AT) is 12.5%.

The Cost of Equity of Mathios Refractory SA (MATHIO.AT) is 22.25%.

The Cost of Debt of Mathios Refractory SA (MATHIO.AT) is 6.95%.

	Range	Selected
Cost of equity	19.00% - 25.50%	22.25%
Tax rate	6.30% - 11.60%	8.95%
Cost of debt	6.90% - 7.00%	6.95%
WACC	11.3% - 13.7%	12.5%

WACC

MATHIO.AT WACC calculation

Category	Low	High

Long-term bond rate	3.3%	3.8%
Equity market risk premium	8.8%	9.8%
Adjusted beta	1.79	2.18

Additional risk adjustments	0.0%	0.5%
Cost of equity	19.00%	25.50%

Tax rate	6.30%	11.60%
Debt/Equity ratio	1.57	1.57
Cost of debt	6.90%	7.00%

After-tax WACC	11.3%	13.7%


Selected WACC	12.5%

MATHIO.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 MATHIO.AT:

cost_of_equity (22.25%) = risk_free_rate (3.55%) + equity_risk_premium (9.30%) * adjusted_beta (1.79) + 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.