NASDAQ: TIL - Instil Bio, Inc.

Price = Avg Price + (Avg Price * CAGR EPS% / 100)
EPS = Earning Per Share
CAGR EPS = CAGR 5 EPS
Key Rate — Nøkkelrente
Excess Key Rate — Ønsket overskridelse av styringsrenten
EPS = -11.39
CAGR EPS = 79.56%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 15.49 + (15.49 * 79.56% / 100) = 27.81

Price = (Terminal Value + Company Value) / Count shares
Price - Fair pris
Terminal Value — kostnad i perioden etter prognose
Company Value — kostnad i prognoseperioden
Count shares - Antall aksjer
Terminal Value = Discount Ebitda(5) * (1 + Ebitda Yield) / (WACC - Ebitda Yield)
Company Value = ∑ (Discount Ebitda / (1 + WACC) ^ 5)
Discount Ebitda(5) = -0.1023
Ebitda Yield = 0.1035
WACC = (Interest Expense / Debt) * (Weight Cost Debt) * (1 - Tax) + Cost Of Equity * Weight Debt
Interest Expense - Gjeldsbetjeningskostnader
Debt - Plikt
Weight Debt - Kapitaliseringsvekt i forhold til gjeld
Weight Cost Debt - Gjeldsvekt i forhold til kapitalisering
Tax - Avgift
Interest Expense = 0.008
Debt = 0.001
Market Cap = 0.0613
Weight Debt = Market Cap / (Market Cap + Debt) = 0.0613 / (0.0613 + 0.001) = 0.9837
Weight Cost Debt = 100% - 0.9837 = 0.0163
Tax = 0.21
Cost Of Equity — diskonteringsrente
Cost Of Equity = k(f) + β * Risk Premium + Country Premium (Damodaran table)
k(f) — risikofri avkastning
β (beta) — bestemmer risikomålet for en aksje (aktiva) i forhold til markedet og viser sensitiviteten til endringer i aksjens lønnsomhet i forhold til endringer i markedslønnsomheten.
Risk Premium — risikopremie - premie for risikoen ved å investere i aksjer
Country Premium - landrisiko
k(f) = 2.82
β = 3.63
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 3.63 * 5.94 + 0 = 0.2438
WACC = (0.008 / 0.001) * (100% - 0.9837) * (1 - 0.21) + 0.2438 + 0.9837 = 615.33
Terminal Value = Discount (-0.1023 * (1 + 0.1035) / (615.33 - 0.1035)) = 0
Company Value = ∑ (-0.1023 / (1 + 615.33) ^ 5) = -0.0114
Price = (Terminal Value + Company Value) / Count shares = (0 + -0.0114) / 6510000 = -1.75

Price = (Terminal Value + Company Value) / Count shares
Price - Fair pris
Terminal Value — kostnad i perioden etter prognose
Company Value — kostnad i prognoseperioden
Count shares - Antall aksjer
Terminal Value = Discount FCF(5) * (1 + FCF Yield) / (WACC - FCF Yield)
Company Value = ∑ (Discount FCF / (1 + WACC) ^ 5)
Discount FCF(5) = -0.0418
FCF Yield = -0.0559
WACC = (Interest Expense / Debt) * (Weight Cost Debt) * (1 - Tax) + Cost Of Equity * Weight Debt
Interest Expense - Gjeldsbetjeningskostnader
Debt - Plikt
Weight Debt - Kapitaliseringsvekt i forhold til gjeld
Weight Cost Debt - Gjeldsvekt i forhold til kapitalisering
Tax - Avgift
Interest Expense = 0.008
Debt = 0.001
Market Cap = 0.0613
Weight Debt = Market Cap / (Market Cap + Debt) = 0.0613 / (0.0613 + 0.001) = 0.9837
Weight Cost Debt = 100% - 0.9837 = 0.0163
Tax = 0.21
Cost Of Equity — diskonteringsrente
Cost Of Equity = k(f) + β * Risk Premium + Country Premium (Damodaran table)
k(f) — risikofri avkastning
β (beta) — bestemmer risikomålet for en aksje (aktiva) i forhold til markedet og viser sensitiviteten til endringer i aksjens lønnsomhet i forhold til endringer i markedslønnsomheten.
Risk Premium — risikopremie - premie for risikoen ved å investere i aksjer
Country Premium - landrisiko
k(f) = 2.82
β = 3.63
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 3.63 * 5.94 + 0 = 0.2438
WACC = (0.008 / 0.001) * (100% - 0.9837) * (1 - 0.21) + 0.2438 + 0.9837 = 615.33
Terminal Value = Discount (-0.0418 * (1 + -0.0559) / (615.33 - -0.0559)) = 0
Company Value = ∑ (-0.0418 / (1 + 615.33) ^ 5) = -0.0085
Price = (Terminal Value + Company Value) / Count shares = (0 + -0.0085) / 6510000 = -1.3