WHA.AS WACC - Weighted Average Cost of Capital

The WACC of Wereldhave NV (WHA.AS) is 5.9%.

The Cost of Equity of Wereldhave NV (WHA.AS) is 7.95%.

The Cost of Debt of Wereldhave NV (WHA.AS) is 4.25%.

	Range	Selected
Cost of equity	6.00% - 9.90%	7.95%
Tax rate	0.50% - 0.70%	0.60%
Cost of debt	4.00% - 4.50%	4.25%
WACC	4.9% - 6.9%	5.9%

WACC

WHA.AS WACC calculation

Category	Low	High

Long-term bond rate	2.6%	3.1%
Equity market risk premium	5.1%	6.1%
Adjusted beta	0.67	1.05

Additional risk adjustments	0.0%	0.5%
Cost of equity	6.00%	9.90%

Tax rate	0.50%	0.70%
Debt/Equity ratio	1.21	1.21
Cost of debt	4.00%	4.50%

After-tax WACC	4.9%	6.9%


Selected WACC	5.9%

WHA.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 WHA.AS:

cost_of_equity (7.95%) = risk_free_rate (2.85%) + equity_risk_premium (5.60%) * adjusted_beta (0.67) + 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.