Express industry stuffy sound rich: Shun Fung valuation 32 billion ranked first

Pettibone Logistics Co., Ltd. is currently listed on the Shanghai Joint Equity Exchange to transfer its 3.325% stake, called the price of 332.5 million, which led to the logistics sector of China's large logistics enterprises valuation of the first inventory. According to the price of the transaction, the total market value of the German state logistics is about 10 billion yuan. Prior to that, Shun Fung was valued about 32 billion yuan, the daily value of about 4.3 billion yuan, home urgent send about 3.333 billion yuan.

The valuation of logistics enterprises

South all reporters yesterday on the Shanghai Joint Equity Exchange website, Pettibone the transfer of the shares, the company's third largest shareholder of Shanghai New Development Technology Development Co., Ltd., the transfer of shares is its own shares. After the completion of the project, Shanghai New development will withdraw from the German state logistics.

Shanghai new development of the transfer of shares accounted for 3.325%, the listing price of 332.5 million yuan, which calculated the German state valuation of about 10 billion yuan. Not only is Pettibone, because the recent year the Logistics enterprise frequently carries on the capital operation, this lets the Chinese large-scale logistics enterprise's valuation to become an arithmetic problem.

China Logistics and Supply chain Management high-end Alliance director, Hansen Century supply chain management consulting general manager Huanggang first in the circle of Friends and micro-blog on the valuation of the above enterprise inventory. At present, can be calculated out of the enterprise, the highest valuation for Shun Fung, the end of last year, Shun Fung and the Yuan Wo Holding, China Merchants Group, CITIC Capital signed strategic cooperation Agreement, the three total investment does not exceed Shun Fung 25% of the shares, the total amount of 8 billion yuan. So the valuation is about 32 billion.

The second row is Pettibone. Japan and Japan Shun ranked third, more than a year ago, Ali invested 541 million Hong Kong dollars directly subscribed to the Haier Group's daily Shun logistics 9 9% of the equity, calculated the valuation of about 4.3 billion. Then is the house urgent send, this October, the house rush to send 30% of the equity, the introduction of Fosun Group, investment securities, Haitong Securities, Hong Tai Capital, China's new Investment fund strategic financing of 1 billion yuan, calculated a valuation of about 33.3.3 billion. Finally for heaven and earth Huayu, the company was CITIC 750 million acquisition. However, 8 years ago, TNT bought the world Huayu Logistics spent more than 1.1 billion yuan, the visible selling price is significantly lower. So the market estimates that it has risen to 2 billion.

Huanggang also contrasted with the large logistics companies in the United States. He said that the largest logistics company in North America, C-H Robinson market value of 101, 8.5 billion U.S. dollars, the United States taxi Uber applied to logistics, start-up less than a year, valued as high as 17 billion U.S. dollars. Through the comparison, we can see the gap of Chinese logistics enterprises, but it also shows that China's logistics enterprises have great potential for market value growth.

The logistics industry has made a lot of noise

How to look at the value of logistics enterprises? Huanggang reporters said that the above inventory, only in response to the transaction price calculation, now the time has changed, the valuation should have taken place. In particular, Pettibone, currently only listed prices, not the actual price. However, through this inventory, you can still understand the size of the enterprise and industry role.

He said that compared to North American logistics companies, it is certain that a single entity logistics enterprises and the integration of the concept of electricity and platform of the logistics enterprises, compared to the valuation is not too high, since the establishment of the Platform Logistics enterprise valuation, will not be compared to create a socialized open platform of logistics enterprises.

Sing, an analyst at Analysys think-tank, said in an interview with the South reporters that the valuation of the logistics enterprise represents the value judgment of the investor's heart, and the outsider is not good at evaluating it. If compares the logistics enterprise with the Internet enterprise, can obviously see the investor to the industry choice preference and the tendency. He said that the logistics enterprises in recent years, has been "stuffy sound rich", it can be said that the industry is making money. Internet companies, however, are burning more money. But even so, internet companies are still a hot spot in investors ' minds, more attractive. Visible, logistics enterprises have the ability to profit, but the internet companies are more "reputation outside."

Since there is no shortage of money, why is the recent capital operation so frequent? Huanggang said that this year is a logistics enterprise's transformation, is the industry inflection point. Under the impact of the Internet, traditional logistics enterprises have to change. At present, to shun Fung as the representative, are selective financing, rather than rashly for money. Sing said that the mature market, the general will only have 2-3 large enterprises, can be seen in the future logistics express industry is bound to face a big shuffle. In addition, China's express industry has just announced a comprehensive opening to foreign capital, in this case, local logistics enterprises must enhance the strength, speed up the layout, early to do. And all this needs money.