NASDAQ: RAPT - RAPT Therapeutics, 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 = -3.05
CAGR EPS = 8.66%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 4.8 + (4.8 * 8.66% / 100) = 5.21

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) = -0.2988
Ebitda Yield = 0.1888
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 = 0.001
Debt = 0.0069
Market Cap = 0.7728
Weight Debt = Market Cap / (Market Cap + Debt) = 0.7728 / (0.7728 + 0.0069) = 0.9911
Weight Cost Debt = 100% - 0.9911 = 0.0089
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) = 2.39
β = 1.47
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.39 + 1.47 * 5.94 + 0 = 0.1111
WACC = (0.001 / 0.0069) * (100% - 0.9911) * (1 - 0.21) + 0.1111 + 0.9911 = 11.44
Terminal Value = Discount (-0.2988 * (1 + 0.1888) / (11.44 - 0.1888)) = -2.78
Company Value = ∑ (-0.2988 / (1 + 11.44) ^ 5) = -0.7671
Price = (Terminal Value + Company Value) / Count shares = (-2.78 + -0.7671) / 38340000 = -92.44

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) = -0.2206
FCF Yield = 0.1758
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 = 0.001
Debt = 0.0069
Market Cap = 0.7728
Weight Debt = Market Cap / (Market Cap + Debt) = 0.7728 / (0.7728 + 0.0069) = 0.9911
Weight Cost Debt = 100% - 0.9911 = 0.0089
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) = 2.39
β = 1.47
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.39 + 1.47 * 5.94 + 0 = 0.1111
WACC = (0.001 / 0.0069) * (100% - 0.9911) * (1 - 0.21) + 0.1111 + 0.9911 = 11.44
Terminal Value = Discount (-0.2206 * (1 + 0.1758) / (11.44 - 0.1758)) = -2.46
Company Value = ∑ (-0.2206 / (1 + 11.44) ^ 5) = -0.5783
Price = (Terminal Value + Company Value) / Count shares = (-2.46 + -0.5783) / 38340000 = -79.17