NASDAQ: ORIC - ORIC Pharmaceuticals, 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 = -1.96
CAGR EPS = 6.93%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 8.65 + (8.65 * 6.93% / 100) = 9.25

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) = -0.3414
Ebitda Yield = 0.2548
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 = 0.0026
Debt = 0.0102
Market Cap = 0.4616
Weight Debt = Market Cap / (Market Cap + Debt) = 0.4616 / (0.4616 + 0.0102) = 0.9784
Weight Cost Debt = 100% - 0.9784 = 0.0216
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 = -1.95
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + -1.95 * 5.94 + 0 = -0.0885
WACC = (0.0026 / 0.0102) * (100% - 0.9784) * (1 - 0.21) + -0.0885 + 0.9784 = 19.83
Terminal Value = Discount (-0.3414 * (1 + 0.2548) / (19.83 - 0.2548)) = -3.07
Company Value = ∑ (-0.3414 / (1 + 19.83) ^ 5) = -0.6315
Price = (Terminal Value + Company Value) / Count shares = (-3.07 + -0.6315) / 51450000 = -71.9

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) = -0.2475
FCF Yield = 0.2339
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 = 0.0026
Debt = 0.0102
Market Cap = 0.4616
Weight Debt = Market Cap / (Market Cap + Debt) = 0.4616 / (0.4616 + 0.0102) = 0.9784
Weight Cost Debt = 100% - 0.9784 = 0.0216
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 = -1.95
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + -1.95 * 5.94 + 0 = -0.0885
WACC = (0.0026 / 0.0102) * (100% - 0.9784) * (1 - 0.21) + -0.0885 + 0.9784 = 19.83
Terminal Value = Discount (-0.2475 * (1 + 0.2339) / (19.83 - 0.2339)) = -3.47
Company Value = ∑ (-0.2475 / (1 + 19.83) ^ 5) = -0.4729
Price = (Terminal Value + Company Value) / Count shares = (-3.47 + -0.4729) / 51450000 = -76.61