Chapter 327 Academicians Come to Estimate?
The speaker has a heart, and the listener has a heart.
The live broadcast of Xishu University's New Year's Eve party has not yet ended, and the news of Jiuzhou Technology's listing has directly rushed to the top of the hot search list, and there are many related posts on Jiuzhou Community and other platforms.
Due to objective reasons of historical development, Daxia does not have many listed giants in the field of science and technology.
In the past few years, Xiawei had the loudest voice for listing, but due to Xiawei's unique equity structure and technological innovation and progress capabilities, Xiawei has not been listed, and it is highly likely that it will not be listed in the future.
In recent years, Jiuzhou Technology, as the fastest-growing and innovative technology company, has actually been heard by both the public and the official.
"If Jiuzhou Technology is fully listed, how much market value can it reach?"
There are countless people arguing about this question.
According to a data released by Hurun in 2019, Jiuzhou Technology ranked among the top ten private technology companies in Daxia and the top five private medical and livelihood companies, with a valuation of one trillion Xia yuan.
Among them, bionic mechanical prostheses account for hundreds of billions, and now Jiuzhou Technology's business projects have already expanded to a level that ordinary listed companies can only dream of. Many people even believe that Jiuzhou Technology's valuation should exceed 1.5 trillion Xiayuan.
In comparison, Da Mi's current market value is only 300 billion Xiayuan. Although the gap between the two seems a bit exaggerated, there is indeed this consideration.
After all, Da Mi does not have core technology in other industries, and its derivative home appliances are almost all OEM products, and it has not made much progress in the core technology semiconductor business of mobile phone products.
Because the Jiuzhou community is constantly supervised by Xuanwu, the community public opinion tends to be more positive and high-quality, so now there are many industry leaders and scholars who have taken the initiative to settle in.
An academician of the Daxia Academy of Engineering made a value assessment of Jiuzhou Technology under this issue, and also let many ordinary people see how this elite "calculates" others.
"As a private enterprise, Jiuzhou Technology has not actively released financial reports, and has been enjoying the benefits of tax exemption policies in the early stage, so it is impossible to find too many accurate tax records, but we can make inferences from its investment scale and the benefits generated by the cooperation between related companies and it. The following are multiple pictures for warning.
These are the cooperation announcements between Jiuzhou Technology and Beijing Beifang, Xiaxin Technology, Pudong Microelectronics, Xiawei Company, Rice, Opo and other companies. There are also some excerpts from the financial reports released by these companies, as well as the approximate registration data of foreign users of bionic mechanical prostheses in relevant departments in Chengdu.
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Valuation generally refers to the discounted value of all free cash flows of an enterprise throughout its life cycle, and is also a comprehensive consideration of business insight.
As a non-listed company, Jiuzhou Technology's valuation generally requires selecting listed companies that are comparable or referenced to the same industry as the non-listed company, and calculating the main financial ratios based on the stock prices and financial data of similar companies, and then using these ratios as market price multipliers to infer the value of the target company.
Or select companies in the same industry as Jiuzhou Technology that were invested or acquired in a suitable period before the valuation, and use the pricing basis of small and medium-sized enterprise financing or M&A transactions as a reference.
But unfortunately and fortunately, there are no companies similar to Jiuzhou Technology in the current stock market in Daxia, and this is the first time I have encountered such a situation.
This When the most fundamental, simplest, yet most tedious and difficult method of valuation is applied - to thoroughly understand the company.
But in fact, this operation seems meaningless under this problem, because I speculate that Jiuzhou Technology may not go public. If you know how many venture capitals, industry capitals and even some large foreign capitals favored Jiuzhou Technology in the year when it was first established, you should know that Jiuzhou Technology has always been zero acceptance of financing.
Gu Qing, the helmsman of Jiuzhou Technology, is a young genius who is fundamentally different from ordinary business owners.
He is a genius in the field of science and technology, and does not pursue fame and fortune. For example, based on his R&D capabilities, he would have been admitted to Tsinghua University or Peking University or other schools as long as he was willing to reveal it, but he did not do so.
Through the media, his teacher In an interview with his classmates, Gu Qing was very low-key and weird at school. He almost went to the cafeteria, dormitory, and library. He didn't even go to the classroom very often. He never had any female friends, didn't like sports cars, games, and didn't smoke, drink, or play cards.
An extremely self-disciplined learning genius will naturally have his own pride, which is reflected in the fact that Jiuzhou Technology will never bow its head or compromise in any situation.
And finally, I think everyone should not forget that Jiuzhou Technology has a first-level confidentiality project. Even colleagues from Xia Ziwei talked to me about this topic, but they couldn't participate in it, so the business in it is probably not something that ordinary people like us can explore.
Finally, from the actual needs, Jiuzhou Technology's strong cash flow does not need to raise funds through IPOs on the stock market. "
He said a lot and cited a lot of information, but this academician didn't really give a real valuation number. However, if you look carefully, there will still be some results based on the information and valuation model.
If it weren't for the good community environment and the official certification of this account, this kind of "expert" would probably be sprayed for dozens of pages on Tieba.
"Look at these chip concept stocks in Daxia, which have a market value of 200 billion or 300 billion. Can their business be one tenth of Jiuzhou Technology?
Jiuzhou Technology also has the world's only high-end lithography light source and the world's most advanced wafer manufacturing technology. Pudong Microelectronics, Xiaxin Technology and even TSMC all require it. The starting price of the semiconductor valuation should be around 900 billion.
Anyway, if Jiuzhou Technology is really listed, I plan to invest a few hundred shares to support domestic production."
"But I am uneducated and can only say "wow-cao".
"I will just give a few dozen to show my appreciation for the hundreds of big guys who can do it easily."
When it comes to interests, people will become very direct.
After Gu Qing finished his speech and went backstage to deal with the leaders of Xishu University, he picked up Jiaolong X1 and saw these public opinions on the Internet, and his mouth twitched unconsciously.
Now there is almost no negative news about Jiuzhou Technology in Daxia's public opinion.
When it became a first-class confidential enterprise, any media with official attributes knew the rules very well.
When the lawmen of Jiuzhou Technology's legal department came out to wield the big stick, many self-media were also thrown into a panic. Coupled with the previous announcements by relevant departments, the self-media sector was completely locked down.
Recalling the chaos on the Internet in the past, it was a mixture of good and bad.