TKWY.AS WACC - Weighted Average Cost of Capital

The WACC of Just Eat Takeaway.com NV (TKWY.AS) is 6.0%.

The Cost of Equity of Just Eat Takeaway.com NV (TKWY.AS) is 6.35%.

The Cost of Debt of Just Eat Takeaway.com NV (TKWY.AS) is 5.50%.

	Range	Selected
Cost of equity	5.10% - 7.60%	6.35%
Tax rate	2.30% - 4.40%	3.35%
Cost of debt	4.00% - 7.00%	5.50%
WACC	4.7% - 7.3%	6.0%

WACC

TKWY.AS WACC calculation

Category	Low	High

Long-term bond rate	2.6%	3.1%
Equity market risk premium	5.1%	6.1%
Adjusted beta	0.5	0.66

Additional risk adjustments	0.0%	0.5%
Cost of equity	5.10%	7.60%

Tax rate	2.30%	4.40%
Debt/Equity ratio	0.59	0.59
Cost of debt	4.00%	7.00%

After-tax WACC	4.7%	7.3%


Selected WACC	6.0%

TKWY.AS'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 TKWY.AS:

cost_of_equity (6.35%) = risk_free_rate (2.85%) + equity_risk_premium (5.60%) * adjusted_beta (0.5) + 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.