NOBINA.ST WACC - Weighted Average Cost of Capital
The WACC of Nobina AB (publ) (NOBINA.ST) is 5.0%.
| Range | Selected | |
| Cost of equity | 5.2% - 8.2% | 6.7% |
| Tax rate | 22.7% - 23.5% | 23.1% |
| Cost of debt | 4.0% - 4.5% | 4.25% |
| WACC | 4.2% - 5.9% | 5.0% |
| Category | Low | High |
| Long-term bond rate | 0.6% | 1.1% |
| Equity market risk premium | 5.2% | 6.2% |
| Adjusted beta | 0.87 | 1.05 |
| Additional risk adjustments | 0.0% | 0.5% |
| Cost of equity | 5.2% | 8.2% |
| Tax rate | 22.7% | 23.5% |
| Debt/Equity ratio | 0.93 | 0.93 |
| Cost of debt | 4.0% | 4.5% |
| After-tax WACC | 4.2% | 5.9% |
| Selected WACC | 5.0% | |
| Debt/Equity | Unlevered | |||
| Peers | Company Name | ratio | Beta | beta |
| NOBINA.ST | Nobina AB (publ) | 0.93 | 1.05 | 0.62 |
| LNSX.DE | Sixt Leasing SE | 2.99 | 0.18 | 0.06 |
| METRO.IS | Metro Ticari ve Mali Yatirimlar Holding AS | 0 | 0.67 | 0.67 |
| NEX.L | National Express Group PLC | 2.76 | 1.47 | 0.48 |
| PKP.WA | PKP Cargo SA | 3.66 | 0.46 | 0.12 |
| STF.PA | Stef SA | 0.87 | 0.69 | 0.42 |
| TRN.WA | Trans Polonia SA | 0.99 | 0.08 | 0.05 |
| WABERERS.BD | Waberer's International Nyrt | 1.53 | 0.29 | 0.14 |
| MTL.TO | Mullen Group Ltd | 0.81 | 0.67 | 0.42 |
| ULH | Universal Logistics Holdings Inc | 1.25 | 1.16 | 0.6 |
| Low | High | |
| Unlevered beta | 0.31 | 0.44 |
| Relevered beta | 0.81 | 1.07 |
| Adjusted relevered beta | 0.87 | 1.05 |
NOBINA.ST'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 NOBINA.ST:
cost_of_equity (6.70%) = risk_free_rate (0.85%) + equity_risk_premium (5.70%) * adjusted_beta (0.87) + 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.