NYSE: RKT - Rocket Companies, 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 = -0.0078
CAGR EPS = -124.52%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 0 + (0 * -124.52% / 100) = 0.0222

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) = 0.0076
Ebitda Yield = -0.354
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 = 0.36
Debt = 6.18
Market Cap = 1.35
Weight Debt = Market Cap / (Market Cap + Debt) = 1.35 / (1.35 + 6.18) = 0.1793
Weight Cost Debt = 100% - 0.1793 = 0.8207
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) = 2.82
β = 1.86
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 1.86 * 5.94 + 0 = 0.1387
WACC = (0.36 / 6.18) * (100% - 0.1793) * (1 - 0.21) + 0.1387 + 0.1793 = 4.62
Terminal Value = Discount (0.0076 * (1 + -0.354) / (4.62 - -0.354)) = 0.0098
Company Value = ∑ (0.0076 / (1 + 4.62) ^ 5) = 0.099
Price = (Terminal Value + Company Value) / Count shares = (0.0098 + 0.099) / 1980520000 = 0.0549

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) = 0.088
FCF Yield = 0.1196
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 = 0.36
Debt = 6.18
Market Cap = 1.35
Weight Debt = Market Cap / (Market Cap + Debt) = 1.35 / (1.35 + 6.18) = 0.1793
Weight Cost Debt = 100% - 0.1793 = 0.8207
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) = 2.82
β = 1.86
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + 1.86 * 5.94 + 0 = 0.1387
WACC = (0.36 / 6.18) * (100% - 0.1793) * (1 - 0.21) + 0.1387 + 0.1793 = 4.62
Terminal Value = Discount (0.088 * (1 + 0.1196) / (4.62 - 0.1196)) = 1.07
Company Value = ∑ (0.088 / (1 + 4.62) ^ 5) = 0.3078
Price = (Terminal Value + Company Value) / Count shares = (1.07 + 0.3078) / 1980520000 = 0.6957