The seller calls out that the market value of Tianshan shares is 120 billion, and there may be nearly six times of growth space for Tianshan shares

category:Finance
 The seller calls out that the market value of Tianshan shares is 120 billion, and there may be nearly six times of growth space for Tianshan shares


According to the calculation of Anxin securities, the net profit of Southern cement is 5.95 billion yuan in 2019, with Zoomlion cement 1.5 billion yuan, southwest cement 1.35 billion yuan and Sinoma cement 2 billion yuan, totaling 10.8 billion yuan.

In addition, over the same period, the above-mentioned target net assets reached 73.6 billion yuan, which will provide support for the growth of the market value of Tianshan shares.

Further considering the impact of matching financing, assuming that the issue price of matching financing is 18.02 yuan / share and the number of shares issued is 3146.62 million shares: after issuing shares to purchase assets and raising matching funds, the total market value of the companys preparation for examination will reach 125.5 billion yuan - 176 billion yuan.

In other words, after the completion of the above asset acquisition, the overall market value of Tianshan shares is expected to exceed 120 billion.

There is also a reference system, that is, compared with the current industry leader conch cement.

According to the current target asset range, it is estimated that by the end of 2019, the designed clinker production capacity of the company after restructuring will reach 305 million tons, and the comprehensive sales volume of cement and clinker will reach 333 million tons in 2019, which are respectively 11.1 times and 15.5 times of that of Tianshan shares in 2019. In terms of production capacity and production and sales volume of self-produced products, the company has surpassed conch cement. Guosheng Securities pointed out. In contrast, the current market value of conch cement is as high as 325.6 billion yuan, and its profitability is also stronger. The net profit in 2019 will reach 33.593 billion yuan. The total net profit of Tianshan shares plus the above four assets to be purchased in 2019 is 12.4 billion yuan. In this way, the expected market value of 120 billion yuan given by the sellers organization is basically consistent with the profit scale of the two companies in 2019. Even if it is difficult to surpass conch cement, but fortunately, the share base of Tianshan is lower. Although the stock price of the company has been up and down today, the total market value is still no more than 20.8 billion yuan, which is still a long way from the above goal. Source: Yang Bin, editor in charge of economic report in the 21st century_ NF4368

According to the current target asset range, it is estimated that by the end of 2019, the designed clinker production capacity of the company after restructuring will reach 305 million tons, and the comprehensive sales volume of cement and clinker will reach 333 million tons in 2019, which are respectively 11.1 times and 15.5 times of that of Tianshan shares in 2019. In terms of production capacity and production and sales volume of self-produced products, the company has surpassed conch cement. Guosheng Securities pointed out.

In contrast, the current market value of conch cement is as high as 325.6 billion yuan, and its profitability is also stronger. The net profit in 2019 will reach 33.593 billion yuan. The total net profit of Tianshan shares plus the above four assets to be purchased in 2019 is 12.4 billion yuan.

In this way, the expected market value of 120 billion yuan given by the sellers organization is basically consistent with the profit scale of the two companies in 2019.

Even if it is difficult to surpass conch cement, but fortunately, the share base of Tianshan is lower. Although the stock price of the company has been up and down today, the total market value is still no more than 20.8 billion yuan, which is still a long way from the above goal.