Rebirth 79: I opened a bank in the United States

Chapter 330 Investment Banks Are Not Scary

"Are you kidding? A million dollars, no matter the valuation?"

Julian's words startled Carter.As the supervisor and second shareholder of Tiger Asset Management, although Carter doesn't care about the business, he still knows the operation mode of Tiger Fund, or the business idea.

Although it is the same as private equity funds, there is no difference in nature.However, Tiger Fund mainly targets companies that have been listed, and makes venture capital investment in unlisted companies.This is not in Julian's plan at all, let alone
"If according to what you said, the company's net asset value is doubled by 20 times, it will be 2.4 million yuan! It's a bit difficult for you to come in with a million dollars, and even occupy 0.42% of the shares."

"I know! It's okay! My purpose is to wait for him to increase in value, and I believe it can increase!"

There was an uncontrollable smile in Julian's voice:

"You seem to be completely unaware of the value of your HT! Let me do the math for you. Suppose your A-round valuation is 2.4 million US dollars. Goldman Sachs and other investment banks, as well as private equity funds, have injected capital into you. 1 million, together accounting for 41.6% of the shares.”

"I got the 3 million dollars, according to the model you just told me. A new store, subsidy 3000 dollars, take out [-] million, add [-] stores, is it difficult?"

"It's not difficult!"

Carter held up the receiver and shook his head.

3 US dollars, almost equivalent to 15% of the total investment of a store!This kind of large-scale opening is good, McDonald's can't give franchisees
"That's right, with the rest of the money, use 1500 million yuan for operations and marketing, increase advertising efforts, and continue to grab the market! When this market already needs cheap food, and there is a lot of publicity, I believe it will 1000 stores will not saturate the market at all.”

"Son, there are many cities in the United States. You can digest 3000 to 5500 stores in the United States! As long as you don't get together with stores in the same area, your single store benefit will be almost zero when the total number of stores does not exceed [-]. We will not see the possibility of a decline in performance. The remaining US$[-] million will continue to upgrade and expand the original supply chain to match the demand for new stores.”

"Is this enough?"

"enough!"

Regardless of the fact that the previous 50 million construction investment can only supply 0 stores, it seems that the supply cost is very high.But that is the stage from 1 to [-]!I don't have any foundation in hand, the team, factory, raw material procurement... all have to spend money!

But now, it is only expanding on the original basis, let alone 5500 million.Carter estimates that the expansion cost of about 3000 million will be enough to support the thousand new stores!
"Okay, then let's continue to calculate! Using the current revenue as a model, I don't count your more advertising investment, which will bring about an increase of 50 stores, a monthly net profit of 60, and 1050 stores a month is 1260 million! [-] million a year!"

"By this time, your IPO roadshow should be almost done! Just go public and get a post-listing valuation. This time I'll give you a little less, no, this thing can't be calculated at all. It should be, plus the money from the A-round financing , before listing, HT's net asset value should be 1000 million! Assume a total share capital of [-] million shares!"

"Then, the post-listing valuation is calculated at 11 billion. Your goal is to continue to open 6000 more stores. To meet the cash expenditure for the opening subsidy, you need 10 million to meet the increase in the supply chain, labor costs, etc., and then you 111 million, a total of [-] million financing is required. It is exactly [-]% of the valuation, and [-] million additional shares need to be issued year-on-year to enter the open market.”

"The stock price is $100 per share, now, here comes the point!"

When Julian's words came to this point, there was a sudden pause.Then he asked a little excitedly:

"Have you ever thought about the annual dividend of this $100 share, how much will it be?"

"With the addition of 1050 stores, your annual net profit will increase by more than 46 million. Adding the original [-] stores, the total profit will be more than [-] million. I will call your company's accountant to do it. The tax is a mess, the annual corporate income tax is [-]%, and the profit can exceed [-] million, of which [-]% needs to be distributed to public market investors.”

"That is, the total dividend payout is 21 million, and the average annual dividend payout is nearly 100 yuan! Based on the price of 4.7 US dollars per share, the price-earnings ratio is [-]"

"You have to know that a normal company's price-earnings ratio of 14-20 is normal, and a price-earnings ratio of 4.7 means that the stock price is seriously undervalued! So do you think about its upside?"

"And I haven't calculated the situation of continuing to expand the scale in the future. I just said that [-] stores are nothing to the US market! [-] stores can only be said to be basically equal to market demand. Similarly, in the future, there will be an international market.”

hiss~
Thinking about Julian's words, it seems that it really feels a little weird.Only in theory, if the price-earnings ratio of 4.7 is to be restored to the normal level of 15, then in the case of unchanged profits, inversely, the stock price should be 315 US dollars per share to be the normal price range.

Then the value of 111 million tradable shares is close to [-] million, and the reverse market value is [-] billion!

Fuck, this shit has a market value of more than three billion US dollars? ? ?

Carter felt a little dizzy in his head.

To be reasonable, now 2 million. No, with a net worth of [-] million, Carter feels that the valuation of his small company can exceed [-] million, which is already awesome for Klass!In the end, how did you talk and talk, and went to more than three billion?More than three hundred times? !

The valuation of 2.4 million, which once felt very high, seems to be nothing, huh?
Suppose the capital invested 1 million and took 41.6% of the shares, or 416 million shares.After the listing, when the stock price returns to the normal level of 315 US dollars, the value of these 416 million shares will reach more than 13 billion. Compared with the [-] million US dollars, it can also be fully increased by [-] times!
Thinking of this, Carter realized!
This kind of good thing with a return rate of 1300% is not something that even the top big investment banks can meet casually, can it be done?

It seems that I don't need to lie to those investment banks at all. If they don't get in the car for such a great thing, there are plenty of people who are willing to get in the car!When it comes to financing negotiations, whoever is slandering me, I can just wave my hand, point to the faces of investment bank representatives, and say: "Please get out of here mellowly!"

Then he yelled out the sentence in Carter's imaginary foot-washing city, leaning on the sofa, and said lazily with a hint of casual words: "Change another batch!"

Think about those investment banks in my memory that are handy, high-end, and awesome, and I may be treated as a foot-washing city technician by myself.
There is some inexplicable contrast, huh? !

some some
The image of a blond, blue-eyed, and powerful investment banker kneeling on the ground calling for his father and shouting "The old driver takes me" instantly occupied Carter's mind.
"Eh? Eh?? Hello?! Didn't you hear that? You can call Peter Lynch first, he should have more funds than me, although we are all... Well, not a strong capital, but it can help you a little Confidence in valuation negotiations!"

"Hello?! Are you listening!!"

(End of this chapter)