JNOS.ME WACC - Weighted Average Cost of Capital

The WACC of Slavneft' Yaroslavnefteorgsintez PAO (JNOS.ME) is 15.3%.

The Cost of Equity of Slavneft' Yaroslavnefteorgsintez PAO (JNOS.ME) is 24.40%.

The Cost of Debt of Slavneft' Yaroslavnefteorgsintez PAO (JNOS.ME) is 5.00%.

	Range	Selected
Cost of equity	22.90% - 25.90%	24.40%
Tax rate	20.80% - 21.40%	21.10%
Cost of debt	5.00% - 5.00%	5.00%
WACC	14.5% - 16.1%	15.3%

WACC

JNOS.ME WACC calculation

Category	Low	High

Long-term bond rate	15.8%	16.3%
Equity market risk premium	11.7%	12.7%
Adjusted beta	0.61	0.72

Additional risk adjustments	0.0%	0.5%
Cost of equity	22.90%	25.90%

Tax rate	20.80%	21.40%
Debt/Equity ratio	0.8	0.8
Cost of debt	5.00%	5.00%

After-tax WACC	14.5%	16.1%


Selected WACC	15.3%

JNOS.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 JNOS.ME:

cost_of_equity (24.40%) = risk_free_rate (16.05%) + equity_risk_premium (12.20%) * adjusted_beta (0.61) + 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.