Fortune magazine recently published its famous Fortune Global 500 ranking for 2016. As usual US-based companies dominate the list. Of the thousands of Canadian companies only 12 made it to the list. The companies are selected based on revenues.
In terms of size, the top ranked Canadian firm in the list is George Weston with revenues of over $36 billion. The complete list of the 12 firms are shown below:
Click to enlarge
A few observations:
- Of the six major banks, Bank of Novo Scotia(BNS), Royal Bank (RY) and TD Bank(TD) are in the list with RY having the highest revenue.
- Toronto-based lie insurer(MFC) is still struggling to recover to reach its pre-global financial crisis levels. Ultra-low interest rates and lower investment returns are adversely impacting insurers. Manulife stock trades at about $13 a share. Before the crisis it traded above $46 a share.
- Oil and gas company Enbridge Inc(ENB) currently has a market cap of about $39 billion and a dividend yield of 3.90%.
- Auto parts maker Magna International Inc(MGA) has plenty of potential for growth since the stock price has fallen from over $53 a while ago to about $40 recently. Higher automation and on-board electronics systems in newer autos provides continued growth opportunities for auto components suppliers.
Note: Data noted above are as of Aug 12, 2016
Disclosure: Long BNS, MGA, RY and TD