APTK.ME WACC - Weighted Average Cost of Capital

The WACC of Aptechnaya Set' 36,6 PAO (APTK.ME) is 20.7%.

The Cost of Equity of Aptechnaya Set' 36,6 PAO (APTK.ME) is 21.70%.

The Cost of Debt of Aptechnaya Set' 36,6 PAO (APTK.ME) is 26.95%.

	Range	Selected
Cost of equity	20.70% - 22.70%	21.70%
Tax rate	31.60% - 38.80%	35.20%
Cost of debt	21.10% - 32.80%	26.95%
WACC	19.3% - 22.1%	20.7%

WACC

APTK.ME WACC calculation

Category	Low	High

Long-term bond rate	15.8%	16.3%
Equity market risk premium	11.7%	12.7%
Adjusted beta	0.42	0.47

Additional risk adjustments	0.0%	0.5%
Cost of equity	20.70%	22.70%

Tax rate	31.60%	38.80%
Debt/Equity ratio	0.29	0.29
Cost of debt	21.10%	32.80%

After-tax WACC	19.3%	22.1%


Selected WACC	20.7%

APTK.ME's CAPM model and how its cost of Equity is calculated

The Cost of Equity reflects the return a company needs to deliver to shareholders to justify the risk of investing in its shares. It’s computed using the Capital Asset Pricing Model (CAPM), which blends the risk-free rate, the stock’s beta, and the market risk premium.

This method evaluates the stock’s risk compared to a safe investment and the market’s overall volatility.

Here’s how we figure out the cost of equity for APTK.ME:

cost_of_equity (21.70%) = risk_free_rate (16.05%) + equity_risk_premium (12.20%) * adjusted_beta (0.42) + risk_adjustments (0.25%)

We include the risk adjustments, which range from 0% to 1%, to keep our WACC conservatives, especially for companies traded in developing markets.