blenderwars Chapter 214 Valuation Of 800 Billion, Terrifying Profit Margins!
Chapter 214 Valuation Of 800 Billion, Terrifying Profit Margins!
In Wang Jianlin's eyes,
Wang Sicong is indeed very brainless in doing business,
Since you want to choose a partner, at least you have to understand the other party's situation clearly, right?
I don't know anything, but just because I feel that the other party is very powerful, I thought~ I want to cooperate with the other party.
As the saying goes, the heart of defense against others is indispensable,
According to his style of doing business,
If you meet some "cunning and cunning"-people,
Believe it or not, you can fool your stupid son into limping within minutes of keeping it.
However, Wang Jianlin didn't interfere too much with Wang Sicong's actions.
Because there are some things, it would be better for him to comprehend them by himself.
But now, after hearing these words from his old man,
Wang Sicong also roughly understood what the old man wanted to express.
In the next second, Wang Sicong defended himself strongly:
"Dad, who said I didn't get to know Jiaxing well?"
"I have carefully understood their strength and scale, as well as their development process, okay?"
"Now in my office, there are still many analysis reports on the line.
Hearing Wang Sicong's "forced defense"
Wang Jian sneered when Linton said:
"In your office, there are still many analysis reports about Jiaxing?"
"If this is the case, then you don't even know how much Jiaxing is worth now?"
Hearing this, Wang Sicong immediately opened his mouth and said:
"No, Dad!"
"How much Jiaxing is worth, I have carefully analyzed this."
"It's because I think they only have a valuation of tens of billions to 100 billion.
"That's why I don't understand the quotation given by [Ah Li]."
"Come up with such a frightening offer, isn't it obvious that there is something wrong with this matter?"
Forget it, it's rare that my son can take the initiative to call and humbly ask for advice once,
Wang Jian Lin felt that he should also give him a good talk and analyze this matter.
In the next second, Wang Jianlin took out a document from the drawer,
Then he began to give Wang Shacong a brief description:
"Do you know what industries Jiaxing currently owns?"
"Tear the onion, listen carefully!"
"Let me analyze for you first, the property they put on the bright side."
"First of all [Mo's Bicycle]!"
"The current market value of [Mo's Bicycle] is around 280!"
"The total shareholding of Jiaxing is 49%!"
"This industry alone is already worth nearly 14 billion."
"[Mituan] has a market value of 10 billion yuan, and Jiaxing holds 50% of the shares. This is also an industry with a value of nearly 5 billion yuan."
"Adding the two together, it is estimated to be 20 billion, which is almost the same.
"[Mi Xianyou] and [Pin Xixi], including the [Black Bear Live Streaming] you created!"
"The combined valuations of these industries can be worth more or less 5 billion!"
"Not long ago, Jiaxing acquired the [Gushan Mine], and you must have known about it."
"Although there is no specific disclosure, how much money they earned from this transaction."
"But I can show you the bottom line here. Their profit from this transaction, conservatively estimated, is no less than 50 billion!"
"In addition, under Jiaxing, it has also invested in several companies such as [Station B]."
"And they have invested in several movies and TV shows!"
"Just add these industries together."
"I can tell you unceremoniously that Jiaxing can at least get a conservative valuation of around 100 billion."
"But from a business point of view, in addition to [conservative valuation], do you know that there is another word called [potential valuation]?"
"[Conservative Valuation] is just the lowest price!"
“[Potential Valuation] is the real big deal.”
"Why did they [Ah Li] make such an unbelievable quotation? It is because they are making quotations based on Jiaxing's [potential valuation]!"
"How about you, have you considered the [potential valuation] of [Jiaxing]?"
"You still think that Jiaxing is almost on the same level as you?"
"You are the only one who stays in the dark all day long, and you don't even understand the reality."
"I guess, if you don't suffer a big loss, you will never remember this."
After listening to the old man's reprimand,
Wang Sicong finally knew what he had neglected.
correct!
There is also such a thing as [potential valuation].
Damn it, why didn't I think of this before?
Give a very simple example.
Take [Ahli Group] for example.
Suppose they were valued at 100 billion RMB before listing,
But if you want to buy 10% of their shares with 10 billion,
Do you think [Ahli Group] will sell it to you?
Don't even think about it, just know that this matter can't be negotiated at all!
Because it's already reached this time, everyone has already seen the future development potential of [Ah Li Group],
As long as it goes public, the company's valuation will be more than ten times higher in no time.
So at this time, if you sell your shares according to the guaranteed valuation, you will know with your toes that it is impossible to negotiate this matter.
Only a big fool would sell you.
The so-called [potential valuation] is reflected at this time.
To buy some stake in the business, you have to pay a premium.
As for the premium, it depends on how optimistic you are about this company.
For example, when [Ahli Group] conducted the last round of fundraising in the early stage of listing,
There are really many people who are willing to pay eight times or ten times the premium.
That's it, whether people are willing to sell you or not depends on their mood and relationship.
Understood!
Now Wang Sicong finally understood the key point of the problem.
In the next second, he hesitated for a moment, and asked Wang Jianlin:
"Dad, in your opinion."
"What is the premium multiple of Jiaxing?"
Hearing Wang Sicong's question, Wang Jianlin replied:
"Just today, I heard some gossip."
"It is said that in addition to the people from [Ah Li], there are people from several other companies, and they have also contacted Jiaxing three times."
"Among them, there are people from [Goose Factory], and there are people from [Qiandu]!"
"[Tianxia Investment] has always had a good relationship with Jiaxing, so I reckon that they should also make some moves."
"In the eyes of some other companies, how optimistic they are about Jiaxing, I can't analyze it for the time being.
"However, I have inadvertently learned about the situation here at [Goose Factory].
"Brother Ma of [Goose Factory], at the meeting of the board of directors, he made a repayment."
"They are willing to use up to 210 billion yuan to acquire 30% of Jiahang's shares.
"Almost 70 billion, 10%!"
"This means that in the eyes of [Goose Factory], Jiaxing's [potential valuation] can at least be 7 times higher than the [conservative valuation]!"
"7 times the premium, can you now figure out the true value of Jiaxing?"
Wang Jianlin has already spoken so clearly,
How could Wang Shicong still not understand?
In the next second, Mr. Wang was a little numb all over.
7 times the premium!
This is a 7 times premium.
Jiaxing's [conservative valuation] is: 100 billion!
That is to say, in the eyes of [Goose Factory], is the potential of Jiaxing at least higher than the price of 700 billion?
Thinking of this terrifying figure,
Wang Shacong's scalp is really numb.
"Dad, Jiaxing, this is too valuable.
"I...I really can't believe it."
Wang Jianlin did not choose to talk nonsense on this topic,
Instead, it said something else:
"Tear onion, what do you think, if you were an investor, what valuation would you give for Kuaiyizheng?"
Hearing Wang Jianlin's question, Wang Sicong thought about it seriously,
In the next second, he said cautiously:
"Probably 10-20 billion.
Wang Jianlin sighed helplessly,
With this vision, how can he safely hand over [Yida Group] to Wang Sicong in the future?
The registration data on the first day has reached 15 million.
For this kind of potential stock, in Wang Sicong's eyes, the valuation is only 10-20 billion?
In the next second, Wang Jianlin organized the words in his mind, and continued to analyze the matter with Wang Sicong:
"Okay, you said [Quick One Hand] project, the valuation in your mind is only 10 to 20 billion."
"Then let me ask you, why did you give this project such a low valuation?"
"Is there any flaw in this project in your eyes?"
Hearing Wang Jianlin's question, Wang Sicong immediately gave an answer:
"Because this product is just a [short video community] product."
"What's the use of having more users?"
"Isn't it just a software for watching short videos?"
"A valuation of 10 to 20 billion is not too small."
Hearing this, Wang Jianlin said calmly:
"What's the use of having more users?"
"Then you know, what is the valuation of [vx] made by [Goose Factory]?"
【vx】?
Wang Sicong frowned slightly,
The next second, he suddenly took a breath,
This time, he finally knew how superficial his previous analysis and judgment were.
……ask for flowers…
Why didn't Wang Sicong give [Kuai Yishou] a higher valuation before?
Because in his eyes, this APP is a simple software for browsing short videos and jokes.
It's a mess, there are all kinds of videos,
Even himself, in order to help Lin Fei, even posted a short video of Luli.
There are users, but no room for profit,
This is the real shortcoming of [Quick Hand] in the eyes of Wang Sicong.
But now, with Wang Jianlin's reminder,
Wang Sicong suddenly discovered,
It turns out that popularity can be directly equated with money.
Isn't the most obvious one reflected in the [x] of [Goose Factory]?
[vx] This product itself does not generate any profit.
But what is the valuation of [vx] by the outside world now?
8000/Z!
A full 800 billion RMB!
Sound amazing?
A product without any profit point has a valuation of 800 billion!
In fact, it is because [vx]'s huge user base is very valuable
money.
The product itself does not generate profit, that's right!
Look at [Goose Factory], [vx] and [Penguin], which they rely on for survival, do these two products have room for direct profit?
But how did the Trillion Empire of [Goose Factory] be built?
All rely on "peripheral profits", okay?
As long as there is a large enough user base,
..........0...
They can create a variety of money-making [products] around this [APP].
To give the simplest example,
It's like [vx]'s official account, with 900 million [x] users worldwide, there are 30 million official accounts.
According to the previous charging standard, an official account is 300 yuan a year,
How much profit can you generate this year?
9 billion net profit for a full year!
The official account is only a profit point of [vx].
Now let’s look at 【Quick One Hand】, as long as their user base is large enough, can they also create some kind of enterprise account?
The more he thought about it, the more Wang Shacong felt that the huge user base was terrifying.
Fuck, I am really blind,
[Fast first hand] This product, the original profit margin is so scary.
On the phone, Wang Jianlin's voice soon continued:
"[Kuai Yishou] registered 15 million on the first day!"
"As long as they don't kill themselves, they will die early."
"Then, in a short time, the user base of this product will be comparable to [w]."
"[Popularity] does not represent money, but the amount of [Popularity] largely determines how much you can earn.
"In my opinion, it is aimed at the current development potential of [Kuai Yishou]."
"The [valuation] of this product will definitely not be lower than [x]!"
"Of course, because they haven't officially developed yet, no one knows the direction of the follow-up market."
"So 800 billion, this product is definitely not worth it now.
"But 100-200 billion, I think this valuation is definitely appropriate."
"So, do you still dare to underestimate Jiaxing?"
"Wang Shicong, I will tell you clearly.
"It's about the current scale of Jiaxing."
"Compared with [Yida] in our family, they are not much different."
"My old man, anyone who sees Jiaxing has to talk to Fang Ping and others!"
"Do you understand it?"
Now [Yida Group] is valued at around 900 billion.
Indeed, if calculated in this way, Jiaxing seems to be on the same level as [Yida Group].
Thinking of this, Wang Shicong suddenly felt that calling himself Lin Fei, Brother Lin, was not a loss at all.
In fact, it seems to be taking advantage of itself.
Thinking about it carefully, Jiaxing is really awesome.
No wonder Ma Yun came to discuss business with them in person.
Amazing,
If I can have a good relationship with the people in Jiaxing, this will definitely bring me a loss.
But thinking of this, Wang Sicong became suspicious again:
"Dad, I probably know how awesome Jiaxing is."
"However, even if this is the case, it is not as good as (Ah Li.
"Isn't Ma Yun's asking price still high?"
"A 1:1 cross-shareholding is at least a 20-fold premium, right?"
The third one!!!
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