BELU.ME WACC - Weighted Average Cost of Capital

The WACC of Beluga Group PAO (BELU.ME) is 22.6%.

The Cost of Equity of Beluga Group PAO (BELU.ME) is 29.15%.

The Cost of Debt of Beluga Group PAO (BELU.ME) is 15.30%.

	Range	Selected
Cost of equity	26.40% - 31.90%	29.15%
Tax rate	21.30% - 22.50%	21.90%
Cost of debt	11.20% - 19.40%	15.30%
WACC	19.7% - 25.5%	22.6%

WACC

BELU.ME WACC calculation

Category	Low	High

Long-term bond rate	15.8%	16.3%
Equity market risk premium	11.7%	12.7%
Adjusted beta	0.91	1.19

Additional risk adjustments	0.0%	0.5%
Cost of equity	26.40%	31.90%

Tax rate	21.30%	22.50%
Debt/Equity ratio	0.62	0.62
Cost of debt	11.20%	19.40%

After-tax WACC	19.7%	25.5%


Selected WACC	22.6%

BELU.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 BELU.ME:

cost_of_equity (29.15%) = risk_free_rate (16.05%) + equity_risk_premium (12.20%) * adjusted_beta (0.91) + 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.