Shanghai is prosperous

Chapter 451 How much to sell?
After returning to Shanghai, Wang Yiyuan did not go home directly, but first found Ren Xueming, Du Jianfeng and Kang Lixin, and discussed together in the office how to implement the agency's next work arrangements.

Made a pot of hot tea.Wang Yiyuan got straight to the point and Kang Lixin first talked about the intermediary company's plan to sell and the decision-making process for expanding the store in the next month and a half.

Originally, Kang Lixin only knew that the management cadre meeting of the intermediary company would be held tomorrow, and the time was still very tight, so he asked to be there tomorrow.He was still wondering about the hasty meeting this time, because he didn't know the specific reason.

Hearing what Wang Yiyuan said now, he suddenly understood.But Kang Lixin was still very surprised at the beginning, and said, the intermediary company is doing well now, why should he sell it in such a hurry?

He put down his teacup and said while counting his fingers, the company is now very good in terms of employee spirit, number of stores and coverage, market share, net profit over the past year, asset value and performance, etc.

Wang Yiyuan said that I couldn't figure out how to sell the intermediary company at first.My thoughts are the same as yours, Lao Kang. I feel that it is a pity that the intermediary company has reached its current scale with great difficulty and has the strength to continue to develop.

He said, it was only later that I suddenly remembered the saying that buying a store is raising pigs that I had discussed before.Lao Ren, Lao Du, do you still remember that one night at the teahouse on Qibao Old Street?

Ren Xueming nodded and said, of course I remember, didn't you put forward this theory at the beginning?I remember what you said at the beginning that raising a prosperous shop is like raising a fattened pig.

Du Jianfeng said, let me think about it.Xiao Wang, what you said at the time was that we should first carefully select and buy cheap but very likely to "grow fat" from shops in the future, and then raise it patiently and slowly, carefully choosing the right "food" for it , dedicated to cultivating it to appreciate in value, and finally sold it calmly after the real fattening and appreciation, and then carried out the next round of similar breeding process.That's what I mean, am I not mistaken?

Wang Yiyuan smiled and said, Lao Du still has a good memory.Having said that, in fact, isn't it the same reason we bought a company this time?So I figured it out on my own.Lao Kang, do you think what I said makes sense?
The truth is this truth.But to be honest, I still can't bear to let the intermediary company sell it like this.Kang Lixin took a sip of hot tea and continued, but what you said is also very reasonable.After all, it is just a sale, as long as all aspects are suitable, there is really no reason why it cannot be sold.

Then you figured it out too?Wang Yiyuan asked.

But that's fine too.It can be regarded as finding a better way out for the intermediary company, Kang Lixin pondered for a while, and said, no matter what, we still retain the business of the school district housing, and one day we can still make a comeback.

Ren Xueming knew Kang Lixin's true thoughts, and knew that it was still a bit painful for him to sell the intermediary company.With Kang Lixin's personality, the two years of experience in the agency company have been the fastest, most beneficial, and most comfortable two years for him.Of course, the intermediary company is also the company that Kang Lixin pays more, and is also the company with the most affection.

Kang Lixin asked, but I am concerned about two other issues.One is people. How should these employees be arranged after the company is sold?Should we continue to stay in the agency, or come back to our own company?
He said, of course, staying in the agency is the best result, which is good for everyone and can ensure a smooth handover of the company.In addition, after all, the other party is a company planning to go public, so they should not treat them badly.But what if you don't want to go to the other party's company?
Wang Yiyuan said, there are two possibilities.One is to continue to focus on housing in school districts. After all, this is a market that is being vigorously expanded, and the prospects are not bad. We also have experience and technical strength in this area.

If you don't want to, then there are only two ways to resign and go to our other companies.Wang Yiyuan said, but no matter what the situation is, everyone can rest assured that I will never treat all employees badly in the end.Everyone earns money, this is the principle I have always adhered to.

Kang Lixin said sadly, Xiao Wang, we all recognize your character.Otherwise, with so many of us, we wouldn't have worked with you for so long with one heart and one mind.

The second question, since we have decided to sell, the next step is how to sell and how much to sell.How to sell, Xiao Wang has already talked about it just now.The final question is how much to sell.Kang Lixin asked, how can we reflect the valuation of our intermediary company?

Du Jianfeng said that Lao Kang studied finance after all.Investment is to invest in the future of a company, and it is to give the current price to the company's future operating ability.In the domestic venture capital market, the P/E method and the P/S method are relatively common valuation methods.

He said that first, select listed companies that are comparable or comparable to non-listed companies in the same industry, calculate the main financial ratios based on the stock prices and financial data of similar companies, and then use these ratios as market price multipliers to infer the target company the value of.

Kang Lixin laughed and said, there are usually two types of price-earnings ratios we talk about: historical price-earnings ratio and forecasted price-earnings ratio, so the P/E method of valuation is the multiplier of the forecasted price-earnings ratio and the company's profits in the next twelve months.Generally speaking, the forward price-earnings ratio is a discount of the historical price-earnings ratio.

He said that the company's profit in the next twelve months can be estimated through the company's financial forecast, so the biggest problem in valuation is how to determine the forecast price-earnings ratio.Therefore, there are still many articles that can be done on how to increase the price-earnings ratio and thereby increase the company's consideration.

Du Jianfeng said, you mean to make the data in the report look better, such as P/E, P/S, Lao Kang, is that what you mean?You are an expert in this aspect, so you can give us some advice?

Kang Lixin stood up and took the kettle to refill the water.He said, let me think about it again, I will go back tonight and come up with a feasible and feasible plan, and we will discuss it together at that time.

Wang Yiyuan said, don't be too anxious, and do it safely as the standard.In the next one and a half months, the consulting companies, including Lao Ren and Lao Du, will focus on our intermediary company. Let's work together to make this matter a reality.

(End of this chapter)