NASDAQ: RPID - Rapid Micro Biosystems, 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 = -1.22
CAGR EPS = 4.26%
Key Rate = 0.0458
Excess Key Rate = 2
Price = 0.99 + (0.99 * 4.26% / 100) = 1.03

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) = -0.137
Ebitda Yield = 0.2071
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 = 0.0018
Debt = 0.0073
Market Cap = 0.0398
Weight Debt = Market Cap / (Market Cap + Debt) = 0.0398 / (0.0398 + 0.0073) = 0.8442
Weight Cost Debt = 100% - 0.8442 = 0.1558
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 = 1.54
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.6 + 1.54 * 5.94 + 0 = 0.1172
WACC = (0.0018 / 0.0073) * (100% - 0.8442) * (1 - 0.21) + 0.1172 + 0.8442 = 19.29
Terminal Value = Discount (-0.137 * (1 + 0.2071) / (19.29 - 0.2071)) = -4.83
Company Value = ∑ (-0.137 / (1 + 19.29) ^ 5) = -0.277
Price = (Terminal Value + Company Value) / Count shares = (-4.83 + -0.277) / 43020000 = -118.8

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) = -0.0837
FCF Yield = 0.1226
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 = 0.0018
Debt = 0.0073
Market Cap = 0.0398
Weight Debt = Market Cap / (Market Cap + Debt) = 0.0398 / (0.0398 + 0.0073) = 0.8442
Weight Cost Debt = 100% - 0.8442 = 0.1558
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 = 1.54
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.6 + 1.54 * 5.94 + 0 = 0.1172
WACC = (0.0018 / 0.0073) * (100% - 0.8442) * (1 - 0.21) + 0.1172 + 0.8442 = 19.29
Terminal Value = Discount (-0.0837 * (1 + 0.1226) / (19.29 - 0.1226)) = -0.5531
Company Value = ∑ (-0.0837 / (1 + 19.29) ^ 5) = -0.1963
Price = (Terminal Value + Company Value) / Count shares = (-0.5531 + -0.1963) / 43020000 = -17.42