The Top 100 Latin American Multinational Companies 2014

Posted by David Hunkar on 4 November 2014, 2:43 am

The Top 100 Latin American Multinational Companies for 2014 were published by America Economia earlier this year. The ranking was based on the “MultiLatino Index” score (not shown below). All these firms have had at least US $250 million in annual sales 2013 and operates in more than one country in the region.

2014 Rank	Company	Country	Sector	2013 Total Sales US $ Million	Outside Sales 2013%
1	CEMEX	MEX	CEMENT	14953.9	88
2	LATAM	CHI	AIRLINES	13266.1	87.2
3	BRIGHTSTAR	USA / BO	TELECOM.	10600	56
4	JBS GROUP - Friboi	BRA	FOOD	39658	84
5	SOUTH AMERICAN STEAM	CHI	SHIPPING	3206	90
6	TENARIS	ARG	STEEL METALLURGY	10597	75.6
7	TERNIUM	ARG	STEEL METALLURGY	8530	73.8
8	Avianca-TACA	CO / SV	AIRLINES	4609.6	79
9	MEXICHEM	MEX	PETROCHEMICAL	5177	70.4
10	AJEGROUP	PER	BEVERAGE LIQUOR	1745	81
11	TELMEX	MEX	TELECOM.	10277.1	80
12	Gerdau	BRA	STEEL METALLURGY	17016.6	62
13	Gruma	MEX	FOOD	4138	60.9
14	AMERICAN MOBILE	MEX	TELECOM	60079.7	58.7
15	MASISA	CHI	MANUFACTURING	1364.7	63.8
16	Arauco	CHI	PAPER PULP	5145.5	96
17	CENCOSUD	CHI	RETAIL	19648	61.8
18	NEMAK	MEX	AUTOMOTIVE AUTO PARTS	4390.9	64.5
19	PROBE	CHI	SOFTWARE DATA	1277.3	55.9
20	SIGMA	MEX	FOOD	3744.1	31.2
21	Artecola	BRA	CHEMISTRY	128,196.00	40.9
22	EMBOTELLADORA Andina	CHI	BEVERAGE LIQUOR	2905.3	62.2
23	CMPC	CHI	PAPER PULP	4974.5	75
24	MARFRIG	BRA	FOOD	8007.2	60.1
25	INDRA	BRA	MULTISECTOR	4011.6	61.4
26	COPA AIRLINES	PAN	AIRLINES	2608.3	86.3
27	ALFA GROUP	MEX	MULTISECTOR	15560.3	61.5
28	ISA (Interconex ELEC)	COL	ELECTRICITY	1872.7	62
29	FEMSA	MEX	BEVERAGES	19640.4	97.4
30	BELCORP GROUP	PER	CHEMISTRY	1963	29
31	GRUPO BIMBO	MEX	FOOD	13785	55
32	Marcopolo	BRA	AUTOMOTIVE AUTO PARTS	1766.8	26.7
33	PDVSA	VEN	OIL GAS	116,256.00	95
34	IMPSA	ARG	ENERGY	689.6	32.1
35	SQM	CHI	MINING	2203	80
36	MADECO	CHI	MANUFACTURING	415.9	75
37	VALE	BRA	MINING	43323.5	13.2
38	COCA-COLA FEMSA	MEX	BEVERAGE LIQUOR	11931.7	43.9
39	Find	BRA	LOGISTICS	1483.8	Not Available
40	WEG	BRA	MANUFACTURING	2915.1	44.5
41	NUTRESA GROUP	COL	FOOD	3156.1	34.1
42	PETROBRAS	BRA	OIL GAS	130,150.30	37
43	Pollo Campero	GUA	FOOD	400	75
44	NATURA	BRA	PHARMACEUTICAL CHEMISTRY	2966.7	12.1
45	CONSTRUTORA Norberto Odebrecht	BRA	CONSTRUCTION	4101.5	34.6
46	GROUP MODEL	MEX	BEVERAGES	6771.7	51.6
47	Suzano Pulp and Paper	BRA	PAPER PULP	2428.3	78
48	ALICORP	PER	FOOD	2047.8	36
49	METALFRIO	BRA	ELECTRO.	344.1	52.1
50	FALABELLA	CHI	RETAIL	12653.3	36.5
51	TOTVS	BRA	TECHNOLOGY	682.1	1,7
52	BRASIL FOODS	BRA	FOOD	13028.7	43.8
53	ANDRADE GUTIERREZ	BRA	MULTISECTOR	3641.2	38.7
54	GRUPO SURA	COL	FINANCIAL SECTOR	4960	20.6
55	CONCHA Y TORO	CHI	BEVERAGE LIQUOR	903.7	45.9
56	XIGNUX	MEX	STEEL METALLURGY	2808.5	54
57	SIGDO KOPPERS	CHI	CONSTRUCTION	2953	45
58	Braskem	BRA	PETROCHEMICAL	17488.9	22
59	FIBRIA	BRA	PAPER PULP	2952.9	58
60	Votorantim Cement	BRA	CEMENT	5183.3	25
61	BAGÓ LABORATORIES	ARG	PHARMACEUTICAL CHEMISTRY	SD	23
62	ARGOS GROUP	COL	CEMENT	2583.4	45.1
63	ARCOR	ARG	FOOD	2649	15
64	MINERVA	BRA	FOOD	2329.3	70
65	GRUPO ELEKTRA	MEX	MULTISECTOR	5409.6	25
66	EMBRAER	BRA	IND. AEROSPACE	5820.8	21
67	CONST. E COM.Camargo Correa	BRA	CONSTRUCTION	1945.8	18
68	CH INDUSTRIES	MEX	STEEL METALLURGY	2114.3	42.5
69	GCC	MEX	CEMENT	642.9	67.7
70	GROUP EPM	COL	MULTISECTOR	6948	26
71	RIPLEY	CHI	RETAIL	2623.9	34.6
72	TIGER (PIPE CONNECTION)	BRA	CONSTRUCTION	1098.1	24
73	INTERCEMENT	BRA	CEMENT	2244.6	39
74	TERPEL	COL	OIL / GAS	7195.6	22
75	GRUPO CASA SABA	MEX	RETAIL	3215.8	41
76	ENAP	CHI	OIL GAS	11210.7	36.1
77	CIA. NATIONAL STEEL	BRA	STEEL METALLURGY	7390.3	13.8
78	ULTRAPAR PARTICIPAÇÕES	BRA	OIL GAS	26013.9	Not Available
79	Grupo Televisa	MEX	MEDIA	5639.6	17
80	CCU	CHI	BEVERAGE LIQUOR	2274.7	24.2
81	CINÉPOLIS	MEX	ENTERTAINMENT	1049.4	13
82	COLUMBUS	COL	FOOD	741	33.6
83	GLORIA GROUP	PER	FOOD	1379.6	18
84	AEROMÉXICO	MEX	AIRLINES	3045.6	Not Available
85	RANDON PART	BRA	AUTOMOTIVE AUTO PARTS	1,815.60	Not Available
86	Alsea	MEX	FOOD	1202.2	25.6
87	ARCA CONTINENTAL	MEX	BEVERAGE LIQUOR	4616.3	Not Available
88	ESPADRILLES	BRA	MANUFACTURING	1462.4	28
89	GOL	BRA	AIRLINES	3823.2	Not Available
90	COSAN	BRA	BIO ENERGY	15438.1	Not Available
91	FAMSA GROUP	MEX	RETAIL	1150.9	11.6
92	KLABIN	BRA	PAPER PULP	1963.3	25.5
93	Bancolombia	COL	FINANCIAL SECTOR	8372.1	6,7
94	VITRO	MEX	GLASS	1675	3,1
95	Maseca Group	MEX	FOOD	1256.1	Not Available
96	INTEROCEANIC	CHI	SHIPPING	841.5	4,0
97	LUPATECH	BRA	MANUFACTURING	261.6	7,1
98	Arezzo	BRA	CONSUMER GOODS	411.1	Not Available
99	TV AZTECA	MEX	MEDIA	922.2	7,2
100	Tecnoquímicas	COL	CHEMISTRY	582.1	6,5

Source: América Economía

Download: The Top 100 Latin American Multinational Companies 2014 (in Excel)

The 14 Largest European Automobiles & Parts Makers

Posted by David Hunkar on 3 November 2014, 7:01 am

The automotive industry is one of the important industries in Europe. Germany and France are two of the top players in the global automotive market accounting for 35% of the global share of the industry in 2012.The German auto industry employed 1.6 million workers and France had
671,000 workers according to one Mazars Survey 2013.

In order to identify some of the major European auto and parts suppliers I referred to the STOXX® Europe 600 Automobiles & Parts index. In the past 5 years, the index is up over 110% in price terms.

Source: STOXX

The following 14 firms are components of the index with the ADR ticker, if available:

1.Company: BMW (BAMXY)
Current Dividend Yield: 3.33%
Country: Germany

2.Company: Continental (CTTAY)
Current Dividend Yield: 1.76%
Country: Germany

3.Company: Daimler (DDAIY)
Current Dividend Yield: 4.01%
Country: Germany

4.Company: Fiat Chrysler Automobiles
Country: Italy

5.Company: GKN (GKNLY)
Current Dividend Yield: 2.64%
Country: UK

6.Company: Michelin (MGDDY)
Current Dividend Yield: 3.94%
Country: France

7.Company: Nokian Renkaat
Country: Finland

8.Company: Peugeot (PUGOY)
Current Dividend Yield: 4.3%
Country: France

9.Company: Porsche Preferred
Country: Germany

10.Company: Renault
Country: France

11.Company: Pirelli & Co
Country: Italy

12.Company: Rheinmetall (RNMBY)
Current Dividend Yield: 1.29%
Country: Germany

13.Company: Valeo (VLEEY)
Current Dividend Yield: 2.06%
Country: France

14.Company: Volkswagen Pref (VLKAY)
Current Dividend Yield: 2.57%
Country: Germany
Ticker shown is for the common.

Note: Dividend yields noted above are as of Oct 31, 2014. Data is known to be accurate from sources used.Please use your own due diligence before making any investment decisions.

Disclosure: Long CTTAY

Which Brazilian Companies Are Multinationals?

Posted by David Hunkar on 2 November 2014, 9:31 am

The Top 100 Latin American Multinational firms were published by América Economía earlier this year. The list was created based on two criteria: their annual sales must exceed US $250 million in 2013 and they must operate in more than one country in the region. The ranking was done using a calculated field called the “MultiLatino Index” (not shown below).

In this post lets take a look at Brazilian companies that appeared in this list. Brazilian multinationals topped the list in terms of sales figures, activity and representation. Out of the 100 companies 34 were from Brazil with the majority of them in the food production and export sectors.

The Top Brazilian Multinationals are shown in the table below:

S.No.	Company	Sector	2013 Total Sales US $ Millions	Sales % from abroad 2013
1	JBS GROUP - Friboi (1)	FOOD	$39,658.00	84
2	PETROBRAS (1)	OIL GAS	$130,150.30	37
3	Artecola	CHEMISTRY	$128,196.00	40.9
4	VALE	MINING	$43,323.50	13.2
5	ULTRAPAR PARTICIPAÇÕES (1)	OIL GAS	$26,013.90	Not Available
6	Braskem	PETROCHEMICAL	$17,488.90	22
7	Gerdau	STEEL METALLURGY	$17,016.60	62
8	Cosan (1)	BIO ENERGY	$15,438.10	Not Available
9	BRASIL FOODS	FOOD	$13,028.70	43.8
10	MARFRIG	FOOD	$8,007.20	60.1
11	CIA. NATIONAL STEEL	STEEL METALLURGY	$7,390.30	13.8
12	EMBRAER	IND. AEROSPACE	$5,820.80	21
13	Votorantim Cement (1)	CEMENT	$5,183.30	25
14	CONSTRUTORA Norberto Odebrecht	CONSTRUCTION	$4,101.50	34.6
15	INDRA	MULTISECTOR	$4,011.60	61.4
16	GOL (1)	AIRLINES	$3,823.20	Not Available
17	ANDRADE GUTIERREZ	MULTISECTOR	$3,641.20	38.7
18	NATURA	PHARMACEUTICAL CHEMISTRY	$2,966.70	12.1
19	FIBRIA	PAPER PULP	$2,952.90	58
20	WEG	MANUFACTURING	$2,915.10	44.5
21	Suzano Pulp and Paper	PAPER PULP	$2,428.30	78
22	MINERVA	FOOD	$2,329.30	70
23	INTERCEMENT	CEMENT	$2,244.60	39
24	KLABIN	PAPER PULP	$1,963.30	25.5
25	CONST. E COM. Camargo Correa (1)	CONSTRUCTION	$1,945.80	18
26	RANDON PART (1)	AUTOMOTIVE AUTO PARTS	$1,815.60	Not Available
27	Marcopolo	AUTOMOTIVE AUTO PARTS	$1,766.80	26.7
28	Find (1)	LOGISTICS	$1,483.80	Not Available
29	ESPADRILLES	MANUFACTURING	$1,462.40	28
30	TIGER (PIPE CONNECTION) (1)	CONSTRUCTION	$1,098.10	24
31	TOTVS	TECHNOLOGY	$682.10	1,7
32	Arezzo (1)	CONSUMER GOODS	$411.10	Not Available
33	METALFRIO	ELECTRO.	$344.10	52.1
34	LUPATECH	MANUFACTURING	$261.60	7,1

Note:
(1) – Estimated Sales Data
The actual rank of these companies in the complete top 100 list is not depicted above.

Source: América Economía

Here are a few observations:

Food producer JBL Group has the most of sales per employee earned from operations abroad. It is the top ranked Brazilian multinational based on this factor.
Some of these firm trading on the US exchanges include: Brazil Foods (BRFS), Vale (VALE), Petrobras (PBR), Embraer(EBR), GOL(GOL), etc.
In terms of absolute annual sales oil giant Petrobras tops the ranking.
None of the financial firms made it to the list.

Disclosure: Long Petrobras, Ultrapar