NAUK.ME WACC - Weighted Average Cost of Capital

The WACC of NPO Nauka PAO (NAUK.ME) is 20.4%.

The Cost of Equity of NPO Nauka PAO (NAUK.ME) is 21.55%.

The Cost of Debt of NPO Nauka PAO (NAUK.ME) is 5.50%.

	Range	Selected
Cost of equity	20.40% - 22.70%	21.55%
Tax rate	17.70% - 21.50%	19.60%
Cost of debt	4.00% - 7.00%	5.50%
WACC	19.2% - 21.6%	20.4%

WACC

NAUK.ME WACC calculation

Category	Low	High

Long-term bond rate	15.8%	16.3%
Equity market risk premium	11.7%	12.7%
Adjusted beta	0.39	0.47

Additional risk adjustments	0.0%	0.5%
Cost of equity	20.40%	22.70%

Tax rate	17.70%	21.50%
Debt/Equity ratio	0.07	0.07
Cost of debt	4.00%	7.00%

After-tax WACC	19.2%	21.6%


Selected WACC	20.4%

NAUK.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 NAUK.ME:

cost_of_equity (21.55%) = risk_free_rate (16.05%) + equity_risk_premium (12.20%) * adjusted_beta (0.39) + 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.