MIR.WA WACC - Weighted Average Cost of Capital
The WACC of Miraculum SA (MIR.WA) is 7.5%.
| Range | Selected | |
| Cost of equity | 8.5% - 11.0% | 9.75% |
| Tax rate | 29.2% - 44.9% | 37.05% |
| Cost of debt | 4.0% - 7.0% | 5.5% |
| WACC | 6.5% - 8.5% | 7.5% |
| Category | Low | High |
| Long-term bond rate | 5.5% | 6.0% |
| Equity market risk premium | 6.3% | 7.3% |
| Adjusted beta | 0.47 | 0.61 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 8.5% | 11.0% |
| Tax rate | 29.2% | 44.9% |
| Debt/Equity ratio | 0.55 | 0.55 |
| Cost of debt | 4.0% | 7.0% |
| After-tax WACC | 6.5% | 8.5% |
| Selected WACC | 7.5% | |
| Debt/Equity | Unlevered | |||
| Peers | Company Name | ratio | Beta | beta |
| MIR.WA | Miraculum SA | 0.55 | 0.39 | 0.29 |
| BIE.MI | Bioera SpA | 12.98 | -0.02 | 0 |
| HRP.WA | Harper Hygienics SA | 3.66 | 0.3 | 0.09 |
| MPH.WA | Master Pharm SA | 0.05 | 0.35 | 0.34 |
| NATTO.OL | Nattopharma ASA | 0.02 | 1.22 | 1.2 |
| NICO.ST | Nicoccino Holding AB (publ) | 0.03 | -1.29 | -1.26 |
| NNH.ST | New Nordic Healthbrands AB | 0.26 | 0.17 | 0.15 |
| PAP.AT | Papoutsanis Industrial and Commercial of Consumer Goods SA | 0.37 | 0.48 | 0.38 |
| PHR.WA | Pharmena SA | 0.19 | 0.38 | 0.33 |
| VLG.L | Venture Life Group PLC | 0.42 | 0.21 | 0.16 |
| Low | High | |
| Unlevered beta | 0.16 | 0.31 |
| Relevered beta | 0.21 | 0.42 |
| Adjusted relevered beta | 0.47 | 0.61 |
MIR.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 MIR.WA:
cost_of_equity (9.75%) = risk_free_rate (5.75%) + equity_risk_premium (6.80%) * adjusted_beta (0.47) + 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.