MAKS.MC WACC - Weighted Average Cost of Capital

The WACC of Making Science Group SA (MAKS.MC) is 8.0%.

The Cost of Equity of Making Science Group SA (MAKS.MC) is 8.45%.

The Cost of Debt of Making Science Group SA (MAKS.MC) is 11.25%.

	Range	Selected
Cost of equity	7.10% - 9.80%	8.45%
Tax rate	26.30% - 36.80%	31.55%
Cost of debt	7.60% - 14.90%	11.25%
WACC	6.4% - 9.6%	8.0%

WACC

MAKS.MC WACC calculation

Category	Low	High

Long-term bond rate	3.1%	3.6%
Equity market risk premium	7.4%	8.4%
Adjusted beta	0.54	0.68

Additional risk adjustments	0.0%	0.5%
Cost of equity	7.10%	9.80%

Tax rate	26.30%	36.80%
Debt/Equity ratio	0.77	0.77
Cost of debt	7.60%	14.90%

After-tax WACC	6.4%	9.6%


Selected WACC	8.0%

MAKS.MC'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 MAKS.MC:

cost_of_equity (8.45%) = risk_free_rate (3.35%) + equity_risk_premium (7.90%) * adjusted_beta (0.54) + 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.