380. Chuangmeng's plan to make a fortune
Two hours later, there were still constant discussions in Chuangmeng's office.
Lin Xin and she was sitting on the main seat. At this time, Liang Xiaohui was talking about Meng Guang's valuation.
Liang Xiaohui said, "This month, Mengguang has conducted a round of C financing. Everyone knows Mengguang's plan. Mr. Lu means that this year, we will prepare for the entire Mengguang listing. Here, I think Chuangmeng can do some actions.
We see here below.”
Liang Xiaohui cut the slides and continued, "First of all, Mengguang is a company with relatively complex systems in the entire Menggu. This is the influence of the early Dream Creation Plan.
At present, among Mengguang's subsidiaries, Menggu Payment is the most important one. In the previous two rounds of financing, Mengguang successively injected hundreds of millions of funds into Menggu Payment.
Next are subsidiaries established by internal projects, including oranges, melon peels, mangoes, 233, and peaches.
The initial shareholding ratio of Mengguang, the above companies, is mostly greater than 70%. The remaining part is composed of option pools and management holdings. The management holdings are loaned to senior executives by the parent company, and executives make a capital injection. Most management holdings are 5% shares + 5% options.
In addition, the initial dream project was to invest in dozens of startups. The project performed well, and most of the initial holdings of Mengguang were around 10%.
Menggu Payment, as a subsidiary of Mengguang, also invests in companies such as Kuailaidai and Mushroom Chicken."
Liang Xiaohui changed the topic and said, "If all the subsidiaries return profits to the parent company, then Lu Yuan's requirement for Mengguang to go public is actually low. Because whether it is orange, melon peel or peach chasing light, they have been commercialized to a certain extent, and the financial data is also quite good.
Therefore, there should be only two main parts of Mengguang's listing. One is the parent company Mengguang and the other is Menggu Payment.
We see the financial situation of the two companies."
Liang Xiaohui pointed to the next page and said, "In the last fiscal year, Mengguang's main business profit was 600 million yuan. Menggu Payment was not disclosed.
Based on the 10-fold price-to-earnings ratio above the list, Mengguang can actually reach a market value of between 800 and 900 million US dollars.
As for the market value of US$2 billion raised by Mr. Lu, let’s take a look at the situation.
We still calculate it by 10 times PE. So when Mengguang's business grows by 0%, Menggu Payment needs to contribute 600 million to 700 million profits. In this way, only 10 times PE can meet Lu Zong's requirements.
For Menggu Payment, we have calculated Kuailaidai and Menggu Cloud Traffic Loan A business, and only look at the transaction flow of payment. Without considering many factors, it is necessary to achieve this profit value of at least 120 billion yuan.
As far as I know, the average daily transaction flow of WeXun Pay alone has reached 1 billion after the Spring Festival this year. Even if WeXun Pay cannot maintain growth in the next time, its annual payment transaction volume can already rank among the top three in China by value.
Just by these few points, I think that when it comes to Mengguang, Chuangmeng should be able to make a difference."
After hearing this, everyone in the conference room understood what Liang Xiaohui said. To put it bluntly, Mengguang's growth was 0%, WeChat Payment had a negative growth, and a market value of US$2 billion could be supported.
Managers can look at the current value conservatively, because no one can tell the future. But for investment institutions with gambling, conservatism is incredible in this situation. How can you make high returns if you don’t gamble?
For good businesses like Mengguang, I am afraid that Chuangmeng will find a way to pick up a treasure no matter what.
Lin Xinhe looked at Liang Xiaohui talking on stage and had a lot of thoughts in his heart. The top three in China sounded nice, but the first two, whether Alipay or Tenpay, were all annual transaction volumes calculated in trillions. Haven’t you seen that Alibaba has been doing Double Eleven in the past two years, and the transaction volume is already very high in one or two days.
Liang Xiaohui continued, "Everyone knows the situation of Mengguang round C. The valuation of a single stock is $10 and the valuation of 1.25 billion US dollars. With Mengguang's profit level alone, there is an overvalued situation. Therefore, the DST led the investment in the round C shows that this business is in the growth potential of Menggu Payment.
After all, the purpose of this C round of money Mengguang is undoubtedly obvious. A large part of it is to inject Menggu Payment, which directly accelerates the development of Menggu Payment.
So, I think..."
Lin Xinhe waved her hand when she heard this and interrupted Liang Xiaohui's topic.
"Xiaohui, set up a team and lead people to conduct investigations. Do it, you can do it, and invest in the name of Chuangmengc."
But having said that, Lin Xinhe felt that the funds in the middle were probably a little nervous.
In this round, Meng Guang directly raised 150 million US dollars. What about before the next round of listing? That's probably only high or low.
With a spoil of hundreds of millions of dollars, Chuangmeng Fund has the current financial resources and is really not confident to bid like this. However, everything is not clear, so it is necessary to arrange for subordinates to conduct investigations first.
In the conference room, discussions continued after Lin Xin and spoke.
Who is willing to stop when you smell the breath of wealth?
Especially when the big guys have to go back to Beijing after a while, taking advantage of this opportunity, the investment managers also ask whatever they think of.
As Lin Xinhe was about to get off work, she returned to her office. There were a lot of phone calls and emails on the phone, and there were also WeChat messages.
As soon as he clicked on his phone, a friend's WeChat message popped up in the notification bar, and he clicked it as soon as he saw it.
Bai Yu, "Mr. Lin. What are you busy with? Have you not come here to have coffee recently?
I have something to do. In recent days, I met a good guy who made takeaway items, similar to the business that a mushroom chicken invested in by your Menggu invested in.
bp I'm forwarding your email address. If you have time, take a look. It would be even better if you can come and have a cup of coffee haha."
Lin Xinhe saw that it was Bai Yu, and she smiled at the corner of her mouth.
In fact, this is the owner of the cafe that Rebus and the others went to last year. Rebus only went there once. After that, Rebus would occasionally ask himself to go for a walk, and after a while, he met Bai Yu.
He is a good person, and he has some ideas in his early thirties. He also runs a business cafe for entrepreneurs. Making money is second to second. Bai Yu had recommended one or two teams earlier, but Lin Xinhe failed to invest, but Rebs paid a little for each other. I don’t know whether he made money in the future, but he is a person’s temperament. Anyway, Rebs and Lin Xinhe also think it’s pretty good.
Lin Xin replied politely, "Okay. I'll take a look first. I'll go back to the capital in two days and go to your place when I have time."
You must be polite. After all, who can say the luck is accurate. If you really think it's good, then go to have a coffee and meet the entrepreneur, which will not waste any time for Lin Xinhe.
Chapter completed!