Chapter 126: The Founder's Confidence
Wu Zhou sat on the main seat, and on weekdays, he was actually a little lazy, but on this day, his waist was straight.
This is also a respect for these investors.
The person is due, and after being simple and polite, it gets to the point.
Most of these people have seen some financial report data that is not confidential.
Wu Zhou didn't waste time in reporting, just ask me and answer directly.
"Mr. Wu, I read the information given by Huashi, do you think Aiying Group is worth at least 60 billion in this financing. But you have to know that the current market value of the little mouse in the first stock of online casual snacks is only 10 billion after listing, what makes you think that Qiaofei's family is worth 6 little mice." There is a direct opening.
The others looked at Wu Zhou, their eyes smiling, taking the lead and lowering the price.
Wu Zhou also glanced at this investor and recalled this person's information. Liu Qing, one of the heads of Da Mo Venture Capital in China, was born in 85 years, has a doctorate degree from a top Ivy League university, and is absolutely promising.
Looking at Wu Zhou's gaze, he was rigorous and cautious.
Wu Zhou, who just heard his words, smiled.
"Then compare that to your little mouse."
"The little mouse reported a net profit of 5% in the first three quarters of this year, while our Qiaofeijia net profit was 31%, which is 5.16 times, in addition, our Aiying assets increased by 1.39 billion, while the little mouse only increased by 128 million, which is 10.86 times."
"The performance revenue of Little Mouse in the first three quarters increased by 39% year-on-year, and our Qiaofeijia performance increased by 1651% this year, which is 42 times."
"So, do you think that our Aiying Group is comparable to the little mouse?"
Wu Zhou asked with a smile.
However, even if Liu Qingfeng was scolded, his face remained unchanged, and he couldn't see his emotions clearly.
"When the performance is small, there can be high growth, but this year, Qiaofeijia will have nearly 10 billion revenue, will there continue to be such high growth in the future?" Liu Qingfeng looked directly at Wu Zhou and continued to ask.
The data that Wu Zhou said are all very good, but some of the data are too good to be reproducible.
Although the scene was not as harmonious as imagined, Wu Zhou, the company's data, was well understood.
If it weren't for the resources behind these capitals, Wu Zhou would have spent too much time and energy to achieve similar results, and Wu Zhou would really be unwilling to give up his interests.
But even so, it is impossible to sell it cheaply, which is why Wu Zhou and Huashi said that at least 60 billion starts.
If you don't have this strength and psychological preparation, don't come.
However, at this moment, Wu Zhou still glanced at the person in charge of Hua Industry this time.
The glance gestured, which roughly meant, "How did this kind of person pass their initial screening?"
The person in charge of Huashi's side smiled a little awkwardly. There were some mistakes at work, but it was good when we talked about it before.
"It's true that in 2020, we can't grow by as much as 16 times, but if we can really grow by 16 times again, what do you think our valuation should be?"
"Our current revenue is about 7.26 billion, and now our daily revenue is about 50 million, and it is still growing, and it is estimated that in the last 40 days of this year, it is not a big problem to increase by about 2.3 billion, which is a total of 9.56 billion. The estimated profit increased by 1.12 billion. The annual net profit is more than 3.2 billion, and if the net increase in assets of 1.39 billion is taken into account, the annual net profit is more than 4.5 billion."
"So, if we maintain a 16-fold growth next year, our net profit in a single year will exceed 70 billion. So what do you think the valuation of our company should be? According to the estimation logic of the little mouse." Wu Zhou looked at him with a smile and asked rhetorically.
It's not that you want to drive down the price. Little Mouse's current price-to-earnings ratio is around 30 times.
According to this calculation, if Wu Zhou really rises 16 times again next year, the company's valuation will have to be more than 2 trillion, and Moutai will have to be surpassed
Therefore, Liu Qingfeng, who said that he would continue to maintain high growth, was completely just a brain.
Liu Qing was speechless for a while, not knowing how to answer.
also
I didn't expect Wu Zhou to be so direct.
"Okay, okay, everyone is talking about cooperation, harmony makes money, harmony makes money, and has a good chat, this year's Aiying Group is explosive growth, although it is based on the previous low base, but it must be admitted that Aiying Group, under the leadership of Mr. Wu, revenue and profit are the best among all the current leisure snacks, there is no one." Zhou Lei suddenly interjected with a smile, as the person in charge of international capital and Huaxia, Liu Qingfeng is only one of them, and he is the highest person in charge.
But his attitude is much better than Liu Qingfeng.
And I have invested in those online brands in China, and I know better than others present that the horror of Qiaofeijia's current revenue growth and profits.
However, Liu Qing will be like this, and Zhou Lei probably understands the reason, a capital giant like Da Mo Venture Capital is the target of the vast majority of invested companies, so he is used to being strong.
And in addition to Liu Qing's backing on Da Mo, he also has domestic family capital.
The journey is smooth, the pride of the sky, of course, with its own arrogance.
"It's because we all have this kind of understanding that we will get together from the south and the north of the world."
"Haha, Mr. Zhou is right."
The others smiled and agreed, the numbers that Wu Zhou just said, after a little thought, the value of the company will probably come out, but everyone has the points of worry, is it sustainable? How long does it last?
However, in the financial report of Qiao Feijia, there is a general description of this to testify.
The repurchase rate of Qiaofeijia's old customers is much higher than that of its peers.
This represents consumer recognition that as long as Wu Zhou is not blind, there is still sustainability.
"Mr. Wu's Aiying Company, we have studied it before this, and it is indeed far higher than its peers. The researchers in our company are also very impressed."
"Mr. Wu, if you are willing to give up some more, our company is willing to estimate at a valuation of 80 billion." Someone couldn't help it this time and hurriedly spoke.
"Our company is willing to invest 90 billion in estimated shares."
Some people are strong and arrogant, but there are also people who value harmony and grab shares to make money
At this moment, the words of everyone present gradually became a little noisy.
And Liu Qing's face gradually began to look a little ugly, after all, these people were equivalent to slapping him in the face in disguise.
He opened his mouth to suppress Wu Zhou's price, which means that Wu Zhou's company is not worth 60 billion.
And what about these people, they actually raised the price.
It's just a food company, and the threshold of this industry is so low, how can it be worth such a high price.
Liu Qing crossed his hands in front of his chest and looked at Wu Zhou with a slightly contemptuous smile.
It's just that Wu Zhou didn't look at him at all.
This time, Wu Zhou will release up to 20% of the shares. After all, so many people came.
However, the release of these shares at most does not necessarily mean that these shares will be released.
After all, no contract has been signed, and Wu Zhou, as the absolute controlling shareholder, has the final decision.
"Mr. Wu, Aiying's daily revenue can reach about 50 million now, so Mr. Wu is confident that it will reach 20 billion next year?" Zhou Lei said again at this time, he couldn't let the others continue to quarrel, but asked Wu Zhou with a smile.
The scene was silent.
According to the current 47% net profit of Wuzhou Company, if it can achieve a revenue of 20 billion next year, the net profit will be as high as 9.4 billion, even if it is estimated at 20 times the price-earning, there will be 188 billion.
Of course, even 20 times is unlikely, after all, it is not listed, and 15 times is about the same, so if what Wu Zhou said is true, the normal valuation of Aiying Group should be about 140 billion.
From the perspective of current profits, in the medium and long term, less than 140 billion is quite reasonable.
The other said that the valuation of 80 billion is also cheap.
Zhou Lei understands, of course, the others present also understand.
At this moment, everyone understands that the lowest price of 60 billion will definitely not be able to be taken.
"In 2020, our company's goal is not 20 billion." Wu Zhou suddenly
Shaking his head, he said.
As soon as these words came out, everyone present looked at Wu Zhou with a little surprise.
Zhou Lei felt that Wu Zhou had sensed the trap in his words.
Liu Qing looked at Wu Zhou with a slight sneer, thinking that Wu Zhou was not confident.
"Next year, our initial target of Aiying Company is 30 billion, which will be in the form of reducing gross profit, sprint sales, 20 billion is our normal revenue estimate, and 30 billion is our first sprint small goal."
"30 billion is the first sprint goal, so does Mr. Wu have a second or even a third goal?" Zhou Lei had a kind smile on his face, but his eyes were burning and he looked at Wu Zhou.
"The second is 50 billion. As for the third one, that's my own goal, and it has nothing to do with Ai Ying." Wu Zhou is full of indifference.
The explosive growth of the food industry next year is inevitable, and he has been making horizontal and vertical acquisitions during this time, expanding the industrial chain, improving production efficiency, and increasing production capacity, and 30 billion is not a big problem.
&000 million, it's not impossible, as for the higher, that's Wu Zhou's other company.
As for next year's financing is better, you can get a better price, then hehe, the high revenue of the special market, will these old foxes admit it?
But even so, Wu Zhou's words shocked everyone present.
Listening to Wu Zhou's meaning, 30 billion is nine out of ten, and 50 billion seems to be impossible.
"Then Mr. Wu, next year's marketing expenses are estimated to account for how much of sales, and how much profit can be left in the end?" Some people asked with a smile, some people pay attention to high growth, and some people pay attention to real profits.
The purpose of investment is to make money, and any detail that Wu Zhou said at random on the spot will be concerned, analyzed, and questioned by them.
Growth and profit are mutually influencing and will affect their valuation of Wu Zhou's company.
The valuation model of leisure snacks is generally fixed, mainly considering growth, financial characteristics, and discounted earnings.
So we must figure out the effort behind Wu Zhou's high growth.
Wu Zhou sat in the main seat and was the focus of everyone present.
After finishing speaking, the details of his expression will be carefully pondered by these people who have been in the mall for a long time.
At this time, some people present had a feeling of Wu Zhou changing three times a day.
When I first met, I felt that Wu Zhou had a calm that did not match his age, and when talking, Wu Zhou behaved sharply, and now, I feel a little arrogant.
But what if that's the founder's confidence.
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