After returning to Shanghai, Wang Yiyuan did not go home directly, but first found Ren Xueming, Du Jianfeng and Kang Lixin, and discussed in the office how to implement the next work arrangements of the intermediary company.

After brewing a pot of hot tea, Wang Yiyuan and Kang Lixin first talked about the agency's plan to sell it, and the decision-making process of focusing on expanding the store in the next month and a half.

Kang Lixin originally only knew that he would hold a management cadre meeting of the intermediary company tomorrow, and the time was still tight, so he asked that he would arrive tomorrow. He was still wondering about this hasty and hastily meeting this time, because he actually didn't know what the specific reason was.

Now that Wang Yiyuan said this, I suddenly understood. But Kang Lixin was still very surprised at first and said, "The agency is doing well now, why should I sell it in such a hurry?"

He put down the teacup and counted his fingers and said that the company is now very good, whether it is the employee spirit, store number and coverage, market share, or the net profit, asset value and performance over the past year.

Wang Yiyuan said, I couldn't figure it out at the beginning when I sold the agency. My idea was the same as Lao Kang. I felt that it was difficult to achieve the current scale of the agency and also had the ability to continue to develop. It was a pity.

He said, but later I suddenly remembered the saying that buying a shop is just a pig farming issue that I had discussed before. Lao Ren and Lao Du, do you still remember it? One night, I was in a teahouse on Qibao Old Street?

Ren Xueming nodded and said, of course, remember, didn’t this theory be the one you proposed at the beginning? I remember what you said was that raising a prosperous shop is like raising a fattening pig.

Du Jianfeng said, I think about it. Xiao Wang, what you said at the time was that you should first carefully select and buy the shops that are cheap but are very likely to "fat" in the future, and then patiently raise it slowly, carefully select the right "food" for it, and cultivate it to appreciate and "fat" and finally sell it calmly after it is truly fattening and appreciation, and then carry out the next round of similar breeding process. This is what I mean, am I remembering correctly?

Wang Yiyuan smiled and said, "Old Du has a good memory." Having said that, in fact, isn't the same reason for buying a company this time? So I figured it out later. Lao Kang, do you think what I said makes sense?

This is the truth. But to be honest, I am still reluctant to let the agency sell it like this. Kang Lixin took a sip of hot tea and continued, but what you said makes sense. After all, it is just a transaction. As long as all aspects are suitable, there is indeed no reason not to be sold.

Then you have figured it out too? Wang Yiyuan asked.

But this is also good. It can be considered as finding a better way out for the agency. Kang Lixin pondered for a while and said, "Anyway, we still retain the business of school district housing. One day we can make a comeback."

Ren Xueming knew Kang Lixin’s true thoughts and knew that it was still a bit painful for him to sell an intermediary company. With Kang Lixin’s personality, his experience in an intermediary company has been the fastest progress, most benefiting, and most comfortable two years. Of course, the intermediary company is also the company that Kang Lixin has made more efforts and is also the most affectionate.

Kang Lixin asked, but I still have two questions. One is the people, how should these employees arrange for the company after the sale? Should we continue to stay in the agency, or come back to our own company?

He said, of course, it is the best result to be able to stay in the intermediary, which is good for everyone and ensures a smooth handover of the company. In addition, after all, the other party is a listed company and should not treat them unfairly. But what if they are unwilling to go to the other party’s company?

Wang Yiyuan said, there are two possibilities. One is to continue to be in the school district housing sector. After all, this is a market that is being vigorously expanded and has good prospects. We also have experience and technical strength in this area.

If you don’t want to, you will have to leave and go to 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. If you have money, everyone will make money. This is the principle I have always adhered to.

Kang Lixin said sadly, Xiao Wang, we all recognize your character. Otherwise, so many of us would not be so united and virtuous as you dared for so long.

The second question is, since we decided to sell it, the next question is how to sell it and how much to sell it. Xiao Wang has already mentioned it just now. The final question is how much to sell it. Kang Lixin asked, how can the valuation of our intermediary company be reflected?

Du Jianfeng said that Lao Kang is studying finance. Investing is to invest in the future of a company, and to give the current price of the company's future operating capabilities. In the domestic venture capital market, the PE method and the PS method are relatively common valuation methods.

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

Kang Lixin smiled and said, "There are two types of price-to-earnings ratios we usually talk about: historical price-to-earnings ratio and forecast price-to-earnings ratio, so using the PE method is the multiplier of predicting the price-to-earnings ratio and the company's profit in the next twelve months. Generally speaking, predicting the price-to-earnings ratio is a discount to the historical price-to-earnings ratio.

He said that the company's profits in the next twelve months can be estimated through the company's financial forecasts, so the biggest problem with valuation is how to determine the predicted price-to-earnings ratio. Therefore, there are still many articles to do to increase the company's consideration.

Du Jianfeng said, what you mean is to make the data in the report look better, such as pe, ps, Lao Kang, do you mean this? You are an expert in this regard, so why would you give us suggestions?

Kang Lixin stood up and took the kettle to refille the water. He said, "Let me think about it again. I will go back tonight and make a feasible plan that can be operated, and we will discuss it together at that time."

Wang Yiyuan said, don’t be too anxious, do it safely as the standard. In the next month and a half, consulting companies, including Lao Ren and Lao Du, will focus their main energy on our agency, and let’s do this together.
Chapter completed!