I have a flow system

Chapter 126 Founder's Confidence
Wu Zhou was sitting in the main seat. He was actually a little lazy on weekdays, but this day, his back was straight.

This is also a respect for these investors.

When the person expires, after a simple and polite manner, we will enter the topic.

Most of these people have seen some financial report data that is not classified.

Wu Zhou didn't waste time reporting, just ask me and answer.

"Mr. Wu, according to the information given by Huashi, you think Aiying Group is worth at least 600 billion yuan for this financing. But you have to know that the market value of Little Mouse, the first online leisure snack company, after listing But it's only 100 billion, what makes you think that Qiao Fei's family is worth 6 little mice." A vc spoke directly.

The others looked at Wu Zhou with a smile in their eyes, and they were the first to beat the price.

Wu Zhou also glanced at the vc investor and recalled his information.Liu Qing, one of the domestic directors of Morgan Stanley Venture Capital Huaxia, born in 85, has a doctorate degree from a top Ivy League school, and is definitely young and promising.

Looking at Wu Zhou, the gaze is rigorous and prudent.

Wu Zhou just smiled when he heard his words.

"Then compare it with your little mouse."

"Little Mouse reported a net profit of 5% in the first three quarters of this year, while our Qiaofeijia's net profit was 31%, which is 5.16 times. In addition, our Aiying assets increased by 13.9 billion, while Little Mouse only increased by 1.28 million, which is 10.86 times. times."

"Little Mouse's performance and revenue in the first three quarters increased by 39% year-on-year, and our Qiaofeijia's performance this year increased by 1651%, which is 42 times."

"So, do you think our Aiying Group is comparable to Little Mouse?"

Wu Zhou asked with a smile.

However, even though Liu Qingfeng was bullied, his expression remained unchanged and he couldn't see his emotions clearly.

"When the performance is small, there can be high growth, but this year Qiao Fei's family will have nearly [-] billion in revenue. Will there continue to be such high growth?" Liu Qingfeng looked directly at Wu Zhou and continued to ask.

The data mentioned by Wu Zhou are all very good, but some data are too good to be replicated.

Although the scene was not as harmonious as imagined, Wu Zhou knew the company's data clearly.

If it weren't for the resources behind these capitals, Wu Zhou would have spent too much time and effort to achieve a similar effect, and Wu Zhou would really be unwilling to transfer the benefits.

But even so, it is impossible to sell it at a low price, which is why Wu Zhou and Hua Shi said that the case is at least 600 billion.

If you don't have this strength and mental preparation, don't even come here.

However, at this moment, Wu Zhou still took a look at the person in charge of Hua Industrial who came this time.

The eyes signaled, roughly meaning, "How did this kind of person pass their preliminary screening."

The person in charge of Huashi smiled a little embarrassedly.I made some mistakes at work, but it was fine when we talked before.

"Indeed, in 2020, it is impossible for us to grow another 16 times, but if we can really grow another 16 times, what do you think our valuation of Aiying should be?"

"Our current revenue is about 72.6 billion, and the current daily revenue is about 5000 million, which is still growing. It is estimated that in the last 40 days of this year, it will not be a big problem to increase another 23 billion. The total is 95.6 billion. The estimated profit increase is 11.2 billion. The annual net profit is more than 32 billion. If the net asset increase of 13.9 billion is included, the annual net profit is more than 45 billion.”

"So, if we maintain a 16-fold growth next year, our net profit in a single year will exceed 700 billion. Then what do you think our company's valuation should be? Calculated according to the logic of the little mouse's estimation." Wu Zhou smiled Look at him and ask back.

Not trying to lower the price.The current price-earnings ratio of Little Mouse fluctuates around 30 times.

Based on this calculation, if Wu Zhou really increases by 16 times next year, then the company's valuation will be more than 2 trillion yuan, and Moutai will be overtaken.
Therefore, Liu Qingfeng, who said such things as continuing to maintain high growth, is completely out of his mind.

Liu Qing was at a loss for words for a while, not knowing how to answer.

I didn't expect Wu Zhou to be so straightforward.

"Okay, okay, everyone is talking about cooperation, harmony makes money, harmony makes money, let's have a good chat. This year, Aiying Group has experienced explosive growth. Although it is based on the previous low base, it must be admitted that, Aiying Group, under the leadership of Mr. Wu, the revenue and profit are among all the casual snacks at present, the best, none of them." Zhou Lei suddenly interrupted with a smile, also as the person in charge of International Capital, Huaxia, Liu Qingfeng is just one of them, and he is the top person in charge.

But his attitude is much better than Liu Qingfeng.

And he has invested in those online brands in Huaxia, so he knows better than others present the horror of Qiao Fei's current revenue growth and profits.

However, Liu Qing would be like this, and Zhou Lei probably understood the reason. Capital giants like Morgan Stanley Venture Capital are the targets of most of the invested companies, so they are used to being strong.

Moreover, besides being backed by Morgan Stanley, Liu Qing also has domestic family capital.

The journey has been smooth and smooth, the proud son of heaven, of course he has his own arrogance.

"It is also because of this understanding that everyone gathers together from all over the world."

"Haha, Mr. Zhou is right."

The others laughed and echoed. The figures that Wu Zhou just said, after a little thought, the value of the company will probably come out, but everyone has concerns, is it sustainable?How long can it last?

However, in the financial report of Qiao Fei's family, this is roughly described as evidence.

The repurchase rate of Qiao Fei's old customers is much higher than that of its peers.

This means that consumers recognize that as long as Wu Zhou does not mess around, there is still continuity.

"Mr. Wu's Aiying Company, we have studied it before, and it is indeed much higher than its peers. Our company's researchers are also very impressed."

"Mr. Wu, if you are willing to sell more, our company is willing to estimate it at a valuation of 800 billion." Someone couldn't help it this time, and hurriedly spoke.

"Our company is willing to invest in an estimated 900 billion shares"

Some people are arrogant and spoiled, but there are also people who regard peace as the most important thing and grab shares to make money.
At this moment, the people present were gradually getting a little noisy.

And Liu Qing's complexion gradually became a little ugly, after all, these people were slapping him in the face in disguise.

He said that he wanted to suppress Wu Zhou's price, which meant that Wu Zhou's company was not worth 600 billion.

And these people actually raised their prices.

It's just a food company. The industry's threshold is so low, so it's not worth such a high price.

Liu Qing crossed his hands in front of his chest, and looked at Wu Zhou with a slight 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, there are so many people here.

However, releasing these shares at most does not mean that these shares must be released.

After all, no contract was signed, and Wu Zhou, as the absolute controlling shareholder, has the final decision.

"Mr. Wu, Aiying's daily revenue can reach about 5000 million, so is Mr. Wu confident to reach 200 billion next year?" Zhou Lei said again at this time, he couldn't let other people continue to quarrel, but smiled asked Wu Zhou.

The scene was quiet.

According to the current 47% net profit of Wuzhou Company, if it can achieve a revenue of 200 billion next year, the net profit will be as high as 94 billion. Even if it is estimated at 20 times the price-earnings, it will be 1880 billion.

Of course, even 20 times is unlikely. After all, if it is not listed, 15 times is almost the same, so if what Wu Zhou said is true, the normal valuation of Aiying Group should be about 1400 billion.

From the perspective of current profits, in the medium and long term, within 1400 billion is still reasonable.

The 800 billion valuation mentioned by another vc is also considered cheap.

Zhou Lei understood, and of course, other people present also understood.

At this moment, everyone understands that the lowest price of 600 billion is definitely not available.

"In 2020, our company's goal is not 200 billion." Wu Zhou said suddenly shaking his head.

As soon as this remark came out, everyone present looked at Wu Zhou in surprise.

Zhou Lei felt that Wu Zhou had sensed the trap in his words.

But Liu Qing looked at Wu Zhou with a slight sarcasm, thinking that Wu Zhou lacked confidence.

"Next year, our Aiying company's initial goal is 300 billion. We will sprint sales in the form of lower gross profit. 200 billion is our normal revenue estimate, and 300 billion is our first small sprint goal."

"300 billion is the first sprint goal, so does Mr. Wu have a second or even a third goal?" Zhou Lei looked at Wu Zhou with a kind smile on his face but with burning eyes.

"The second one is 500 billion. As for the third one, that's my own goal and has nothing to do with Aiying." Wu Zhou didn't care.

The explosive growth of the food industry next year is inevitable, and he has been making horizontal and vertical acquisitions during this period, expanding the industrial chain, improving production efficiency, and increasing production capacity. 300 billion is not a big problem.

500 billion is not impossible. As for the higher value, that is the business of Wu Zhou's other company.

As for better financing next year, you can get a better price, then hehe, will these old foxes recognize the high revenue of special markets?

But even so, Wu Zhou's big words shocked everyone present.

According to Wu Zhou, 300 billion is a sure thing, and 500 billion seems impossible.

"Then Mr. Wu, how much will the marketing expenses next year account for the sales, and how much profit will be left in the end?" Someone asked with a smile. Some people are concerned about high growth, while others are concerned about real profits.

The purpose of investment is to make money, and any details that Wu Zhou casually said on the spot will be paid attention to, analyzed, and questioned by them.

Growth and profit are mutually influential, and both will affect their valuation of Wu Zhou's company.

The valuation model of casual snacks is generally a fixed model, mainly considering growth, financial characteristics, and discounted earnings.

So it is necessary to figure out the dedication behind Wu Zhougao's growth.

Wu Zhou sat at the main seat and was the focus of everyone present.

After finishing speaking, the details of his expression will be carefully considered by these people who have been in the mall for a long time.

At this moment, the impressions of some people present towards Wu Zhou changed three times a day.

When we first met, I felt that Wu Zhou had a calmness that didn't match his age. When we talked, Wu Zhou showed his sharpness. Now, I feel a little arrogant.

What if that's founder confidence, though.

(End of this chapter)