WACC over the last 12 months

Software Apr 2024 May 2024 Jun 2024 Jul 2024 Aug 2024 Sep 2024 Oct 2024 Nov 2024 Dec 2024 Jan 2025 Feb 2025 Mar 2025 WACC bandwidth WACC average 8,8% 8,7% 8,8% 8,9% 8,9% 8,9% 8,9% 8,9% 8,9% 8,9% 9,0% 9,3%

WACC summary

Software, March 2025 Beta 1,2 Market risk premium 4,5% – 6,0% Cost of equity 8,4% – 10,2% Cost of debt 2,9% Risk free rate 3,00% Credit Spread 0,8% Tax Shield 1,0% Risk free rate 3,00% Cost of equity Cost of debt 8,4% – 10,2% WACC 100,0% Equity ratio 0,0% Debt ratio

Trading multiples over the last 12 quarters

Software Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 0x 5x 10x 15x 20x 25x 30x EBIT multiple EBITDA multiple

Trendradar

Figure of the month 7.8% – WACC in media industry decreases to 7.8%!

Viktoria Gass

Questions?

Viktoria Gass

Partner, Austria
Vienna Office
Tel: +43 1 501 88-2860