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Market Views

Top 5 most profitable global companies in 2020

These are the top five most profitable companies around the globe.

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The list of the leading profitable companies around the world offers a glimpse of which business sectors are commanding the most economic influence.

Unsurprisingly, three of such companies (Berkshire Hathaway, Apple, Microsoft) are headquartered in the world’s largest economy.

Methodology: Their most recent annual earning results were used. This means the 2019 earnings of the companies below were the metrics used in compiling their profitability.

Saudi Aramco $88.2 billion

  • Saudi Aramco leads the top spot as the world’s most profitable company. The oil juggernaut is known to have by far the largest oil reserves in the world.
  • Saudi Aramco is the national energy company of Saudi Arabia. It produces five grades of crude oil and natural gas liquids.
    It also produces refined energy products that include liquefied petroleum gas, ethanol, naphtha, and other products.
  • It exports about 75% of its crude oil to foreign markets, most often with its oil tankers.
  • Saudi Aramco has access to crude oil reserves of about 260 billion barrels.

Berkshire Hathaway $81.4 billion

  • Berkshire Hathaway is a holding company for many businesses that include GEICO and Netjets. It is managed by arguably the most popular investor, Warren Buffett.
  • Berkshire Hathaway is headquartered in Omaha, Nebraska, and was originally a business that focused on just textile milling plants.
  • Buffett is the Chairman and biggest shareholder of Berkshire Hathaway, the investment group. According to the Bloomberg Billionaire Index, Warren Buffet is now worth $85.7billion. Surprisingly, he misses out of the top five rankings of the richest people on earth.

Apple $55.2 billion

  • Apple is the most valuable U.S. company listed on the Stock Exchange with a market capitalization of over $2 trillion, with most of its revenues coming from iPhones and Macbooks.
  • The world’s most valuable tech company designs, manufacture and market personal computers and related personal computing and mobile communication devices, along with a variety of related software, services, peripherals, and networking solutions.

Industrial and Commercial Bank of China $45.19 billion

  • ICBC is the world’s leading bank by the number of customers and asset its controls. ICBC presently has over 607 million retail customers with over $4.3 trillion in assets. Yet with such an astronomical size, the financial juggernaut managed to attract 40 million more retail customers in 2018.
  • That said, ICBC has recently been displaced as the most valuable public business listed in mainland China. First place was taken by Kweichow Moutai, a liquor maker.

Microsoft $39.2 billion

  • Microsoft is an American software company founded by Bill Gates and Paul Allen over four decades ago and quickly rose to become the leading software company globally.
  • Its software popularly referred to as Windows is the most popular desktop operating system, including Office – the most popular productivity suite.
  • Some months back, the software giant won the most prized cloud-computing contract with the Pentagon, worth up about $10 billion, a deal that would help solidify the company’s standing as a leading cloud vendor.

Data Source; Fortune

What you should know

  • Net income or net profit is widely regarded as the business profitability.
  • Net profit accounts for the total cash inflows and outflows within a company. Numerically it is calculated as the revenue of a company less all operating expenses, income from subsidiary holdings, debt payments, interest paid, and also taxes.

Olumide Adesina is a France-born Nigerian. He is a Certified Investment Trader, with more than 15 years of working expertise in Investment trading. Follow Olumide on Twitter @tokunboadesina. He is a Member of the Chartered Financial Analyst Society.

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Market Views

Bears take Nigerian stocks hostage, investors lose N82.4 billion

Investor sentiment as measured by the market breadth closed negative with 12 advancers and 47 decliners.

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Bears

Nigeria’s all-share index fell further at the close of trading today, down by -0.40% to 39,364.67 points. Investors losses today stood at N82.35 billion.

  • Year-to-date return and market capitalization settled at -2.26% and N20.5 trillion, respectively.
  • Investor sentiment as measured by the market breadth closed negative with 12 advancers and 47 decliners.
  • Across coverage sectors, the performance was bearish. The NSE insurance, banking, consumer goods, and oil & gas sectors dipped 4.04%, 1.54%, 1.47%, 64 basis points, and 0.65%, respectively.
  • The flip side saw only the industrials improved marginally by 0.19%.

Top gainers

  1. UPL up 9.91% to close at N1.22
  2. MORISON up 9.09% to close at N0.6
  3. CAP up 5.26% to close at N20
  4. WAPCO up 3.59% to close at N20.2
  5. LIVESTOCK up 3.17% to close at N2.28

Top losers

  1. FIDSON down 10.00% to close at N4.41
  2. NNFM down 9.97% to close at N6.32
  3. ENAMELWA down 9.95% to close at N19.9
  4. NEM down 9.95% to close at N1.72
  5. NCR down 9.91% to close at N3.09

Outlook

Nigerian stocks ended the fourth trading session on a weaker note amid soaring oil prices prevailing at the U.S trading session.

  • Today’s bearish trading session was inclined by sell pressure on consumer ticker, DANGSUGAR which lost -6.25%. JBERGER, ARDOVA, and UBA also declined by -7.88%, 9.85%, and -3.64%, respectively.
  • Nairametrics expects intending buyers to seek the advice of certified stockbrokers.

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Market Views

Nigerian stocks plunge, as WEMA, CHAMPION, MANSARD slump

The market breadth closed negative as LASACO led 17 Gainers as against 23 Losers topped by CHAMPION at the end of today’s session.

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Nigerian banking stocks remain most liquid stocks, as investors gain N25.1 billion, DANGOTE CEMENT, OKOMUOIL and GUINNESS drag Nigerian Stock market down,  SEPLAT, GUINNESS, Breaks Nigerian Bourse Support Levels, Investors Lose N49 Billion  

Nigerian stocks wrapped up the week on a bearish note after the benchmark index registered its third negative close in the last five sessions.

  • Sentiments notably picked up where they left off yesterday, as selloffs persisted in bellwether ticker – ZENITHBANK (-1.55%) as well as in Telco giant – MTN Nigeria (-3.28%).
  • The 74 basis points pullback recorded today kept the All Share Index return firmly rooted in the red and also lowering the Year date returns to -1.88%.
  • Save for the Oil and Gas (+0.25%) index lifted by sustained interest in OANDO (+2.99%), all other sectors closed in the negative territory.
  • The Insurance (-2.32%), Banking (-0.48%), Consumer Goods (-0.40%), and Industrial Goods (-0.19) indices declined following price dips in MANSARD (-5.36%), ZENITHBANK (-1.55%), INTBREW (-3.65%), and WAPCO (-2.94%) respectively.
  • The market breadth closed negative as LASACO led 17 Gainers as against 23 Losers topped by CHAMPION at the end of today’s session

Top gainers

  1. LASACO down 9.82% to close at N1.23
  2. MBENEFIT down 8.11% to close at N0.37
  3. COURTVILLE down 5.00% to close at N0.21
  4. OANDO down 2.99% to close at N3.45
  5. NAHCO down 2.70% to close at N2.28

Top losers

  1. WEMABANK down 10.00% to close at N0.63
  2. CHAMPION down 10.00% to close at N2.52
  3. SUNUASSUR down 9.59% to close at N0.66
  4. AFRIPRUD down 5.74% to close at N5.75
  5. MANSARD down 5.36% to close at N1.06

Outlook

Nigerian stocks ended the last trading session of the week on a bearish note amid profit-taking across the market spectrum.

  • Downtrend was driven by price depreciation medium capitalized stocks amongst which are; WEMA, CHAMPION, MANSARD.
  • That being said, Nairametrics envisages cautious buying on the account that certain market indicators reveal investors are taking some of their gains across the market spectrum.

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