AFC Ajax NV (AJAX.AS) WACC Analysis

As of June 14, 2025, AFC Ajax NV (AJAX.AS) carries a Weighted Average Cost of Capital (WACC) of 4.7%. WACC reflects the blended rate AFC Ajax NV must pay to both equity and debt holders.

Within that, the cost of equity is 4.2%, the cost of debt is 4.0%, and the effective tax rate is 24.3%.

Breakdown of WACC Components

• Long-term bond rate: 2.6% – 3.1%
• Equity market risk premium: 5.1% – 6.1%
• Adjusted beta: 0.33 – 0.4
• Additional risk adjustment: 0.0% – 0.5%
• Debt-to-equity ratio: 0.61

What It Means for Investors

With a selected WACC of 4.7%, AFC Ajax NV must ensure any new investment returns exceed this threshold to generate shareholder value. This level reflects an attractive low cost of capital.