NASDAQ: LFST - LifeStance Health Group, 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 = -0.5069
CAGR EPS = 25.94%
Key Rate = 0.0458
Excess Key Rate = 2
Price = 6.54 + (6.54 * 25.94% / 100) = 8.24

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) = 0.0744
Ebitda Yield = -1.93
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 = 0.0212
Debt = 0.3297
Market Cap = 2.87
Weight Debt = Market Cap / (Market Cap + Debt) = 2.87 / (2.87 + 0.3297) = 0.897
Weight Cost Debt = 100% - 0.897 = 0.103
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) = 2.6
β = 3.14
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.6 + 3.14 * 5.94 + 0 = 0.2126
WACC = (0.0212 / 0.3297) * (100% - 0.897) * (1 - 0.21) + 0.2126 + 0.897 = 5.23
Terminal Value = Discount (0.0744 * (1 + -1.93) / (5.23 - -1.93)) = -0.0271
Company Value = ∑ (0.0744 / (1 + 5.23) ^ 5) = 0.0772
Price = (Terminal Value + Company Value) / Count shares = (-0.0271 + 0.0772) / 367460000 = 0.1365

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) = 0.1708
FCF Yield = -2.24
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 = 0.0212
Debt = 0.3297
Market Cap = 2.87
Weight Debt = Market Cap / (Market Cap + Debt) = 2.87 / (2.87 + 0.3297) = 0.897
Weight Cost Debt = 100% - 0.897 = 0.103
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) = 2.6
β = 3.14
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.6 + 3.14 * 5.94 + 0 = 0.2126
WACC = (0.0212 / 0.3297) * (100% - 0.897) * (1 - 0.21) + 0.2126 + 0.897 = 5.23
Terminal Value = Discount (0.1708 * (1 + -2.24) / (5.23 - -2.24)) = -0.0717
Company Value = ∑ (0.1708 / (1 + 5.23) ^ 5) = 0.1028
Price = (Terminal Value + Company Value) / Count shares = (-0.0717 + 0.1028) / 367460000 = 0.0846