NYSE: GNW - Genworth Financial, Inc.

Price = EPS * (1 + CAGR EPS) / (Key Rate * Excess Key Rate)
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 = 0.16
CAGR EPS = -30.96%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 0.16 * (1 + -30.96%) / (0.0433 * 2) = 1.28

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) = 0.305
Ebitda Yield = -0.0793
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 = 0.118
Debt = 1.59
Market Cap = 2.68
Weight Debt = Market Cap / (Market Cap + Debt) = 2.68 / (2.68 + 1.59) = 0.627
Weight Cost Debt = 100% - 0.627 = 0.373
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) = 3
β = 1.84
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 1.84 * 5.94 + 0 = 0.1394
WACC = (0.118 / 1.59) * (100% - 0.627) * (1 - 0.21) + 0.1394 + 0.627 = 5.9
Terminal Value = Discount (0.305 * (1 + -0.0793) / (5.9 - -0.0793)) = 1.52
Company Value = ∑ (0.305 / (1 + 5.9) ^ 5) = 1.54
Price = (Terminal Value + Company Value) / Count shares = (1.52 + 1.54) / 474900000 = 6.46

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) = 0.2258
FCF Yield = -0.1767
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 = 0.118
Debt = 1.59
Market Cap = 2.68
Weight Debt = Market Cap / (Market Cap + Debt) = 2.68 / (2.68 + 1.59) = 0.627
Weight Cost Debt = 100% - 0.627 = 0.373
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) = 3
β = 1.84
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 1.84 * 5.94 + 0 = 0.1394
WACC = (0.118 / 1.59) * (100% - 0.627) * (1 - 0.21) + 0.1394 + 0.627 = 5.9
Terminal Value = Discount (0.2258 * (1 + -0.1767) / (5.9 - -0.1767)) = 0.592
Company Value = ∑ (0.2258 / (1 + 5.9) ^ 5) = 1.49
Price = (Terminal Value + Company Value) / Count shares = (0.592 + 1.49) / 474900000 = 4.39