Chapter 26 Valuation of the US Shopping Network
Looking at the information, Zhou Da habitually calculated the current valuation of Meigou.com.
When calculating the value of Internet companies, especially e-commerce platform companies, the number of registered users is of course the most important thing. Meigou.com now has 20 million registered users. Based on one user's 100 yuan, that is a valuation of 2 billion yuan.
Of course, there must be some moisture among these 20 million users, that is, some users are invalid users. However, now there is no need to calculate so detailedly. Only when you really need to invest, you will be petty about these things.
The transaction volume in these three days was 420 million, which is also because the website has just opened and there are large-scale events. The transaction volume should not be so high in the later stage. But how to calculate it, the annual sales of 10 billion should not be outrageous.
This sales are amazing. As far as Zhou Da knows, Lefeng.com and Jumei Youpin's sales targets this year are 500 million! These two cosmetics e-commerce platforms were considered leading companies in this industry before Meigou.com was released, but now it would be a terrible sight to compare with Meigou.com.
With a sales of 10 billion, Zhou Da calculated the settlement conditions of the brands sold on Meigou.com and the platform. That is a gross profit of 15%. Excluding the website operation costs and personnel costs, if you do not conduct large-scale promotion activities, you will actually make a lot of profits!
Although I don’t know how much net profit can be, it’s profitable! Let’s take a look at the Internet companies all over the world. Except for those game companies wearing Internet skins, can real Internet companies make profits?!
This discovery greatly increased Zhou Da’s interest. Even if Meigou’s profit is only 100 million, giving it a 50-fold PE is not high at all, which is another valuation of 5 billion!
By doing this, the valuation of Meigou.com is as high as 7 billion. In addition, don’t forget that there is nearly 3 billion cash in the company’s account. Including this part, this is an Internet company with a valuation of 10 billion!
Is it inflated? Maybe. But for Internet companies, it is difficult to have an accurate calculation method for valuation.
In a word, technology stocks represent the future and call it the new economy. "The future" or "new" is uncertain. This is the biggest difference between traditional companies. It is precisely because they plant many dreams in the minds of investors and interpret infinite longing. Therefore, in addition to passion and dreams, the biggest challenge facing Internet companies' valuation is uncertainty.
After calculating this, Zhou Da became more interested in Wang Ye, the major shareholder of Meigou.com. He picked up the folder and read the investigation information about Wang Ye in detail.
While watching, he exclaimed: "This is the real young talent! The future achievements are limitless!"
In addition to looking at the development and prospects of the company, investment depends on the management of the company. If a person with a leadership temperament leads a group of outstanding talents to do something together, then this matter will most likely not be messed up, even if it is difficult.
But if a mediocre person leads a team to do things, there will generally be no good results.
From the information, Zhou Da can see that Wang Ye is excellent. Not only can he see, but anyone can see that Wang Ye is excellent at first sight. Isn’t this obvious? Wang Ye has spent a year proving himself. From being empty-handed to having a net worth of billions now, this is the most powerful proof!
Such a person took a year to create a listed clothing company worth tens of billions of dollars, and now he has spent two months to create an Internet company worth tens of billions of dollars. Moreover, this Internet company has a better foundation than that clothing company. It is conceivable that the future of this company will be far greater than that of Huashang International.
"Invest! If I miss this kind of company, I will regret it for the rest of my life!" Zhou Da slapped the table suddenly, and he made up his mind to participate in the next round of financing of Meigou.com.
Such a "unicorn" company is a once-in-a-lifetime experience. Anyone who invests always dreams of such an investment opportunity. Of course, the amount of money involved in investing in such a "unicorn" company is definitely terrifying, but Sequoia Capital is not afraid!
Not only Sequoia Capital has seen the potential of UG.com, but also the same time as the major investment banks such as IDG, SoftBank, and Temasek have made the decision to participate in UG.com's subsequent financing.
There are more small investment banks, although they are also jealous of the big fat meat of Meigou.com, but after reading the information, you will know that this is not a game they can participate in. Meigou.com is too strong, and its valuation is now over 10 billion! So once Meigou.com raises funds, if there are not a few billion, I will be embarrassed to come and say that I want to invest. This is a game for giants and has nothing to do with the weak...
Investment banks all pay attention to high efficiency. Since they are moved, they will act immediately.
On May 5, Wang Ye arrived at the company. As soon as he heard Liu An’s work report, he saw his secretary Liu Ruome knocking on the door and walking in.
"Dr. Wang, I just received a call from Sequoia Capital, IDG, and SoftBank. I wanted to meet you and talk about financing."
Wang Ye smiled slightly after hearing this. This was not beyond his expectations. No Internet company that has made its debut can avoid dealing with investment banks, and these investment banks are among the best!
Meigo.com is not short of money, and it doesn’t even need to raise a penny to survive until it goes public, but Wang Ye does not intend to reject the olive branches extended by investment banks.
In this world, especially if you want to invest in a stock, you cannot do without the escort of those financial giants. These top investment banks not only bring a steady stream of huge funds to the invested companies, but also various invisible resources and benefits.
Wang Ye’s usual style is to not eat alone and to appropriately divide some benefits to these financial giants, so that they will bring more benefits to themselves in the future.
"Tell them that in ten days, wait a little longer and take a look." Wang Ye smiled and ordered Liu Ruomei.
Liu Ruomei took the order to reply to those investment banks. After receiving Liu Ruomei's reply, the heads of the investment bank were confused. I wonder why Wang Ye asked everyone to wait for more than ten days. Could it be that something big will happen in these ten days? Will the valuation and magnitude of Meigou.com be greatly improved?
They don’t understand now, but what happened in the next few days completely overturned their perceptions. They made another change in their views on Meigou.com and Wang Ye!
Meigou.com's amazing performance in the past three days not only shocked people in the Internet circle and investment banking industry, but also surprised people in traditional industries.
Ge Wei, general manager of Magic City Home Furnishing, has been in a good mood recently since the company was acquired by Weiye Home Furnishing and had a long talk with Wang Ye. Through this restructuring, the company has completely gotten rid of the constraints of various previous rules and regulations, and has strong funds to support it, and finally can do a big fight.
A few days ago, Li Qinghuan contacted him on behalf of Meigou.com and asked him to launch all the brands of Modu Homemade online Meigou.com. This is a good thing. It has opened up a sales channel for Modu Homemade. Of course, Ge Wei cooperated happily.
According to his vision, through the online channel of Meigou.com, it should be able to help Modu Home Improvement increase sales by 100 million or 200 million yuan a year, which is also a big channel. Ge Wei has also studied the Internet boom and the rise of e-commerce platforms in recent years.
For example, Lefeng.com and Jumei Youpin, if it weren’t for the acquisition of Magic City Home Furnishing this year, he might have to take the initiative to contact those two websites to see if there is any chance to cooperate. Now it’s simple. The headquarters has its own cosmetics e-commerce platform and just hand over the online sales to the headquarters.
However, the performance of Meigou.com surprised him so much, and it far exceeded his most optimistic estimate. It sold more than 400 million yuan in three days after it was launched. What does this mean?
However, he was still a little nervous. After all, there are super big brands such as Estee Lauder and Lancome on Meigou, as well as the popular product of Flower Story. Among these more than 400 million, how many sales will be considered as Magic City homemade brands in the future? He was really unsure.
Until the morning of May 5, he got the sales data sent by Meigou.com. His assistant came to the office excitedly early in the morning and even forgot to knock on the door.
"Mr. Ge! The sales summary on Meigou.com has been sent. This is the sales data of our brand in the past three days. Please take a look!"
Looking at the assistant's happy look, Ge Wei estimated that the sales should be good. Could it be that there is 30 to 40 million yuan? If there are so many, then there will be hundreds of millions of yuan in that year...
He reached out to take the data summary handed over by his assistant, took a look, his hand shook, and hurriedly got closer and looked carefully.
"I'm right, have you checked this data with Meigou.com? There are so many things?!" Ge Wei was afraid that he would be happy and asked his assistant cautiously.
"This is the number that's right! I checked it with Meigou.com, and there was absolutely no problem!" When the assistant received the data, he also responded like this, so he checked it with Meigou.com twice and three times before he could believe that the data was real.
"150 million! This is 150 million yuan! It's only three days before our brand has sold so much on the US Shopping website? How many can it be in that month? What's the year?" Ge Wei murmured with his eyes blank.
This number has a huge impact on him. It is a sales of 50 million a day, even if it is a big event in Meigou.com. But you should know that Meigou.com has just been launched. Even if there is no big event in the future, according to this base, there will always be a sales of 10 or 20 million a day, or be cautious, 10 million a day can always be guaranteed!
Ten million a day, what about that year, 3.6 billion?!
Chapter completed!