WACC comparison by sector

September 2019 2% 4% 6% 8% 10% 12% AutomotiveHealthcare & PharmaceuticalsRetail & Consumer GoodsIndustrial ProductsMediaSoftwareTechnologyTelecommunicationsTransportation & LogisticsUtilitiesMaterials

Multiple comparison by sector

Q2, 2019 AutomotiveHealthcare & PharmaceuticalsRetail & Consumer GoodsIndustrial ProductsMediaSoftwareTechnologyTelecommunicationsTransportation & LogisticsUtilitiesMaterials 0x 5x 10x 15x 20x 25x EBITDA multiple EBIT multiple

The WACC takes into account a small firm premium of 3.67%
in the cost of equity reflecting a market cap smaller than €500m.

Cost of equity in finance sector

September 2019 6% 8% 10% 12% BanksInsurance

Multiples in finance sector

Q2, 2019 BanksInsurance 0x 3x 6x 9x 12x 15x P/B P/E