MIR.WA WACC - Weighted Average Cost of Capital

The WACC of Miraculum SA (MIR.WA) is 7.3%.

The Cost of Equity of Miraculum SA (MIR.WA) is 9.50%.

The Cost of Debt of Miraculum SA (MIR.WA) is 5.50%.

	Range	Selected
Cost of equity	8.00% - 11.00%	9.50%
Tax rate	29.20% - 44.90%	37.05%
Cost of debt	4.00% - 7.00%	5.50%
WACC	6.1% - 8.4%	7.3%

WACC

MIR.WA WACC calculation

Category	Low	High

Long-term bond rate	5.5%	6.0%
Equity market risk premium	6.3%	7.3%
Adjusted beta	0.39	0.61

Additional risk adjustments	0.0%	0.5%
Cost of equity	8.00%	11.00%

Tax rate	29.20%	44.90%
Debt/Equity ratio	0.57	0.57
Cost of debt	4.00%	7.00%

After-tax WACC	6.1%	8.4%


Selected WACC	7.3%

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 (9.50%) = risk_free_rate (5.75%) + equity_risk_premium (6.80%) * adjusted_beta (0.39) + 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.