NYSE: RF - Regions

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 = 2.21
CAGR EPS = 6.95%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 21.55 + (21.55 * 6.95% / 100) = 23.05

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 = 0.98
g = 0.0641
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 = 1.72
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 1.72 * 5.94 + 0 = 0.132
Price = (0.98 * (1 + 0.0641)) / (0.132 - 0.0641) = 15.35

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) = 2.81
Ebitda Yield = -0.0021
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 = 0.322
Debt = 2.42
Market Cap = 18.34
Weight Debt = Market Cap / (Market Cap + Debt) = 18.34 / (18.34 + 2.42) = 0.8833
Weight Cost Debt = 100% - 0.8833 = 0.1167
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 = 1.72
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 1.72 * 5.94 + 0 = 0.132
WACC = (0.322 / 2.42) * (100% - 0.8833) * (1 - 0.21) + 0.132 + 0.8833 = 10.53
Terminal Value = Discount (2.81 * (1 + -0.0021) / (10.53 - -0.0021)) = 15.86
Company Value = ∑ (2.81 / (1 + 10.53) ^ 5) = 10.57
Price = (Terminal Value + Company Value) / Count shares = (15.86 + 10.57) / 938000000 = 28.18

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) = 1.87
FCF Yield = -0.0274
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 = 0.322
Debt = 2.42
Market Cap = 18.34
Weight Debt = Market Cap / (Market Cap + Debt) = 18.34 / (18.34 + 2.42) = 0.8833
Weight Cost Debt = 100% - 0.8833 = 0.1167
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 = 1.72
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 3 + 1.72 * 5.94 + 0 = 0.132
WACC = (0.322 / 2.42) * (100% - 0.8833) * (1 - 0.21) + 0.132 + 0.8833 = 10.53
Terminal Value = Discount (1.87 * (1 + -0.0274) / (10.53 - -0.0274)) = 8.32
Company Value = ∑ (1.87 / (1 + 10.53) ^ 5) = 7.45
Price = (Terminal Value + Company Value) / Count shares = (8.32 + 7.45) / 938000000 = 16.82