对价方案,究竟送多少股才合理?我们以国际成熟市场同行业市盈率为估值标准,发现大多公司对价后依旧高估,因此,投资者不仅要考虑送股比例,还要考虑估值水平。 Considering how many shares to send in the price plan, how many shares are reasonable? We take the industry’s P / E ratio in the mature international market as the valuation standard and find that most companies still overestimate the consideration after the consideration. Therefore, investors should not only consider the proportion of bonus shares, but also the valuation level.