NFAZ.ME WACC - Weighted Average Cost of Capital

The WACC of NEFAZ PAO (NFAZ.ME) is 20.2%.

The Cost of Equity of NEFAZ PAO (NFAZ.ME) is 30.70%.

The Cost of Debt of NEFAZ PAO (NFAZ.ME) is 11.70%.

	Range	Selected
Cost of equity	27.30% - 34.10%	30.70%
Tax rate	23.80% - 30.50%	27.15%
Cost of debt	4.00% - 19.40%	11.70%
WACC	15.9% - 24.5%	20.2%

WACC

NFAZ.ME WACC calculation

Category	Low	High

Long-term bond rate	15.8%	16.3%
Equity market risk premium	11.7%	12.7%
Adjusted beta	0.99	1.37

Additional risk adjustments	0.0%	0.5%
Cost of equity	27.30%	34.10%

Tax rate	23.80%	30.50%
Debt/Equity ratio	0.88	0.88
Cost of debt	4.00%	19.40%

After-tax WACC	15.9%	24.5%


Selected WACC	20.2%

NFAZ.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 NFAZ.ME:

cost_of_equity (30.70%) = risk_free_rate (16.05%) + equity_risk_premium (12.20%) * adjusted_beta (0.99) + 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.