Division
United Kingdom
Table 15
Cost of capital estimates for companies belonging to industry group ‘Utility (general)’ in the European Union
| Source: http://www.stern.nyu.edu/~adamodar/pc/datasets/Eurocompfirm.xls (retrieved on 14 June 2014). (The presented WACCs are nominal (in USD terms, using USD risk free rate = 3,04 per cent) & post-tax. For the various definitions used by Damodaran, see: http://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/variable.htm). | |||||
| (per cent) | |||||
| Company Name | Country | Cost of equity in USD | Pre-tax cost of debt in USD | After-tax cost of debt in USD | Cost of capital in USD |
|---|---|---|---|---|---|
| E.ON SE (DB:EOAN) | Germany | 8,25 | 4,04 | 3,19 | 5,78 |
| RWE AG (DB:RWE) | Germany | 7,95 | 4,54 | 3,59 | 5,54 |
| Centrica plc (LSE:CNA) | UK | 6,99 | 4,44 | 3,11 | 6,04 |
| Veolia Environnement S.A. (ENXTPA:VIE) | France | 11,62 | 5,44 | 4,30 | 6,46 |
| National Grid plc (LSE:NG.) | UK | 9,37 | 4,44 | 3,11 | 6,33 |
| Suez Environnement Company SA (ENXTPA:SEV) | France | 9,97 | 4,94 | 3,90 | 6,38 |
| A2A SpA. (BIT:A2A) | Italy | 13,72 | 7,44 | 5,88 | 8,68 |
| Hera SpA. (BIT:HER) | Italy | 12,65 | 5,94 | 4,69 | 7,94 |
| MVV Energie AG (XTRA:MVV1) | Germany | 8,31 | 4,04 | 3,19 | 5,70 |
| ACEA SpA. (BIT:ACE) | Italy | 12,15 | 6,44 | 5,09 | 7,68 |
| Iren SpA (BIT:IRE) | Italy | 13,85 | 7,94 | 6,27 | 8,80 |
| Mainova AG (DB:MNV6) | Germany | 6,96 | 5,54 | 4,38 | 6,30 |
| Gelsenwasser AG (DB:WWG) | Germany | 6,09 | 5,54 | 4,38 | 6,08 |
| Telecom Plus plc (LSE:TEP) | UK | 6,45 | 4,94 | 3,46 | 6,44 |
| Compagnie Parisienne de Chauffage Urbain (ENXTPA:CHAU) | France | 7,73 | 4,94 | 3,90 | 6,33 |
| Zespól Elektrocieplowni Wroclawskich KOGENERACJA Spólka Akcyjna (WSE:KGN) | Poland | 7,44 | 5,39 | 4,26 | 6,94 |
| Fintel Energia Group SpA (BIT:FTL) | Italy | 9,88 | 8,94 | 7,06 | 9,02 |
| REN — Redes Energéticas Nacionais, SGPS, S.A. (ENXTLS:RENE) | Portugal | 19,97 | 7,64 | 6,04 | 10,05 |
| GDF SUEZ S.A. (ENXTPA:GSZ) | France | 8,70 | 4,44 | 3,51 | 5,74 |
| Burgenland Holding Aktiengesellschaft (WBAG:BHD) | Austria | 6,08 | 5,54 | 4,38 | 6,08 |