NASDAQ: EWBC - East West Bancorp, 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 = 8.18
CAGR EPS = 12.16%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 83.87 + (83.87 * 12.16% / 100) = 94.06

Price = (DPS * (1 + g)) / (Cost Of Equity - g)
Price - 价格公道
DPS — 当期股息
g — 预期增长率
DPS = 2.2
g = 0.0612
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 = 0.9442
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 0.9442 * 5.94 + 0 = 0.0836
Price = (2.2 * (1 + 0.0612)) / (0.0836 - 0.0612) = 104.36

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) = 1.83
Ebitda Yield = 0.024
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 = 0.1745
Debt = 4.65
Market Cap = 7.75
Weight Debt = Market Cap / (Market Cap + Debt) = 7.75 / (7.75 + 4.65) = 0.6248
Weight Cost Debt = 100% - 0.6248 = 0.3752
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 = 0.9442
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 0.9442 * 5.94 + 0 = 0.0836
WACC = (0.1745 / 4.65) * (100% - 0.6248) * (1 - 0.21) + 0.0836 + 0.6248 = 3
Terminal Value = Discount (1.83 * (1 + 0.024) / (3 - 0.024)) = 271.87
Company Value = ∑ (1.83 / (1 + 3) ^ 5) = 7.98
Price = (Terminal Value + Company Value) / Count shares = (271.87 + 7.98) / 141900000 = 1972.11

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) = 2.46
FCF Yield = 0.1155
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 = 0.1745
Debt = 4.65
Market Cap = 7.75
Weight Debt = Market Cap / (Market Cap + Debt) = 7.75 / (7.75 + 4.65) = 0.6248
Weight Cost Debt = 100% - 0.6248 = 0.3752
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 = 0.9442
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 0.9442 * 5.94 + 0 = 0.0836
WACC = (0.1745 / 4.65) * (100% - 0.6248) * (1 - 0.21) + 0.0836 + 0.6248 = 3
Terminal Value = Discount (2.46 * (1 + 0.1155) / (3 - 0.1155)) = 27.69
Company Value = ∑ (2.46 / (1 + 3) ^ 5) = 9.11
Price = (Terminal Value + Company Value) / Count shares = (27.69 + 9.11) / 141900000 = 259.34