NASDAQ: DTIL - Precision BioSciences, Inc.

Price = Avg Price + (Avg Price * CAGR EPS% / 100)
EPS = Earning Per Share
CAGR EPS = CAGR 5 EPS
Key Rate — 关键利率
Excess Key Rate — 期望超出关键利率
EPS = -18.16
CAGR EPS = 46.69%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 7.85 + (7.85 * 46.69% / 100) = 11.51

Price = (Terminal Value + Company Value) / Count shares
Price - 价格公道
Terminal Value — 预测后期间的成本
Company Value — 预测期内的成本
Count shares - 股份数量
Terminal Value = Discount Ebitda(5) * (1 + Ebitda Yield) / (WACC - Ebitda Yield)
Company Value = ∑ (Discount Ebitda / (1 + WACC) ^ 5)
Discount Ebitda(5) = -0.0146
Ebitda Yield = -0.1455
WACC = (Interest Expense / Debt) * (Weight Cost Debt) * (1 - Tax) + Cost Of Equity * Weight Debt
Interest Expense - 偿债成本
Debt - 责任
Weight Debt - 相对于债务的资本权重
Weight Cost Debt - 债务权重相对于资本总额
Tax - 税
Interest Expense = 0.0022
Debt = 0.0313
Market Cap = 0.0552
Weight Debt = Market Cap / (Market Cap + Debt) = 0.0552 / (0.0552 + 0.0313) = 0.6384
Weight Cost Debt = 100% - 0.6384 = 0.3616
Tax = 0.21
Cost Of Equity — 贴现率
Cost Of Equity = k(f) + β * Risk Premium + Country Premium (Damodaran table)
k(f) — 无风险回报率
β (beta) — 确定股票（资产）相对于市场的风险度量，并显示股票盈利能力变化相对于市场盈利能力变化的敏感性。
Risk Premium — 风险溢价——投资股票的风险溢价
Country Premium - 国家风险
k(f) = 2.75
β = -4.15
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + -4.15 * 5.94 + 0 = -0.2191
WACC = (0.0022 / 0.0313) * (100% - 0.6384) * (1 - 0.21) + -0.2191 + 0.6384 = 5.46
Terminal Value = Discount (-0.0146 * (1 + -0.1455) / (5.46 - -0.1455)) = -0.0478
Company Value = ∑ (-0.0146 / (1 + 5.46) ^ 5) = -0.0891
Price = (Terminal Value + Company Value) / Count shares = (-0.0478 + -0.0891) / 3840000 = -35.64

Price = (Terminal Value + Company Value) / Count shares
Price - 价格公道
Terminal Value — 预测后期间的成本
Company Value — 预测期内的成本
Count shares - 股份数量
Terminal Value = Discount FCF(5) * (1 + FCF Yield) / (WACC - FCF Yield)
Company Value = ∑ (Discount FCF / (1 + WACC) ^ 5)
Discount FCF(5) = -0.0796
FCF Yield = -0.0162
WACC = (Interest Expense / Debt) * (Weight Cost Debt) * (1 - Tax) + Cost Of Equity * Weight Debt
Interest Expense - 偿债成本
Debt - 责任
Weight Debt - 相对于债务的资本权重
Weight Cost Debt - 债务权重相对于资本总额
Tax - 税
Interest Expense = 0.0022
Debt = 0.0313
Market Cap = 0.0552
Weight Debt = Market Cap / (Market Cap + Debt) = 0.0552 / (0.0552 + 0.0313) = 0.6384
Weight Cost Debt = 100% - 0.6384 = 0.3616
Tax = 0.21
Cost Of Equity — 贴现率
Cost Of Equity = k(f) + β * Risk Premium + Country Premium (Damodaran table)
k(f) — 无风险回报率
β (beta) — 确定股票（资产）相对于市场的风险度量，并显示股票盈利能力变化相对于市场盈利能力变化的敏感性。
Risk Premium — 风险溢价——投资股票的风险溢价
Country Premium - 国家风险
k(f) = 2.75
β = -4.15
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + -4.15 * 5.94 + 0 = -0.2191
WACC = (0.0022 / 0.0313) * (100% - 0.6384) * (1 - 0.21) + -0.2191 + 0.6384 = 5.46
Terminal Value = Discount (-0.0796 * (1 + -0.0162) / (5.46 - -0.0162)) = -0.8483
Company Value = ∑ (-0.0796 / (1 + 5.46) ^ 5) = -0.3524
Price = (Terminal Value + Company Value) / Count shares = (-0.8483 + -0.3524) / 3840000 = -312.67