Madvertise SA (ALMNG.PA) WACC Analysis

As of May 22, 2025, Madvertise SA (ALMNG.PA) carries a Weighted Average Cost of Capital (WACC) of 7.0%. WACC reflects the blended rate Madvertise SA must pay to both equity and debt holders.

Within that, the cost of equity is 6.5%, the cost of debt is 5.0%, and the effective tax rate is 7.7%.

Breakdown of WACC Components

• Long-term bond rate: 3.1% – 3.6%
• Equity market risk premium: 6.2% – 7.2%
• Adjusted beta: 0.54 – 0.64
• Additional risk adjustment: 0.0% – 0.5%
• Debt-to-equity ratio: 0.26

What It Means for Investors

With a selected WACC of 7.0%, Madvertise SA must ensure any new investment returns exceed this threshold to generate shareholder value. This level reflects an attractive low cost of capital.