- Mining giant BHP is the only Australian company to rank among the top 100 companies in the world.
- BHP ranked 63rd, behind Nike, with a market capitalisation of of $131 billion on March 31 2019.
- Microsoft topped the list, dethroning Apple for the first time in eight years.
Mining giant BHP is the only Australian company to make it on the list of the top 100 companies in the world.
The Global Top 100 companies list, compiled by consulting services company PwC, highlights the top 100 public companies by market capitalisation as at March 2019.
At the top of the list is Microsoft – US$905 billion – which dethroned Apple – $896 billion – for the first time in eight years. It was followed by Amazon.com.au, Alphabet (Google’s parent company) and Warren Buffet’s Berkshire Hathaway.
Aussie BHP was ranked 63rd, just behind Nike, with a market capitalisation of $131 billion. While, technology platform Salesforce and pharmaceutical company, Eli Lilly, had meteoritic rises this year with both jumping up 61 spots.
The total market capitalisation of all the 100 companies was 21.1 trillion, a 5% increase from 2018.
Not surprisingly, technology is the largest sector for the third year in a row. However the healthcare, telecommunications and consumer services experienced the largest growth, each growing by 15%.
The worst performing sector? Financial, which had a 3% decline in market capitalisation. This downward trend was visible as the financial sector had the most companies fall out of the top 100, including Allianz, Commonwealth Bank of Australia, Goldman Sachs and Santander Group.
More than half of the companies on the list are from the US and represent 63% of overall value. In second spot was greater China, including Hong Kong and Taiwan, which had 15 companies on the list. The UK came in third, with six companies representing. Meanwhile, Australia had just one company on the list.
Saudi Arabia joined the list for the first time with manufacturing company Saudi Basic Industries Corp. And India featured on the list for the first time since 2009, with the return of Reliance Industries and the entry of IT company Tata Consultancy.
PwC UK IPO Centre Leader Ross Hunter said that while the US continues to be the powerhouse of the list, the company expects a growing contribution from companies in developing markets.
“Longer term, we expect to see a growing contribution from India and other developing markets with Greater China technology companies, in particular, challenging the current position,” he said, according to the company’s website. “The prominence of companies from Greater China amongst the leading global unicorns may be a precursor of this.”
At March 2019, there were 326 unicorns – companies valued at more than $1 billion – across the world, according to analysis in the report but none of them were valuable enough to make the top 100 list. Chinese technology company, Bytedance, is the largest unicorn in the world at $75 billion, after it scored $3 billion in investment from SoftBank in late 2018 and knocked off Uber as the most powerful unicorn in the world.
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