Total capitalization of Russian companies. Ria rating

In February 2017, the RIA Rating agency released another rating of the hundred most valuable Russian companies. Their total capitalization for 2016 amounted to 635 billion dollars, which is 58% (233 billion dollars) higher than in 2015. At the same time, the value of all Russian companies included in the top 100 corresponds to the capitalization of Apple alone ($630 billion). However, the potential of many companies has not been fully realized and their shares on the market may still soar in price.

Top 10 most valuable public companies in Russia 2017

10. VTB Bank

Capitalization - 15,827 million dollars.

The main shareholders of this bank are government agencies - the Federal Property Management Agency and the Ministry of Finance of the Russian Federation. They own 60.9% of voting shares. To size authorized capital VTB Bank ranks first among the country's credit institutions, and second in terms of assets. In 2016, VTB Bank and Russian Post entered into an agreement to create Post Bank. Dmitry Rudenko became its head, who intends to increase the bank’s loan portfolio to 4 billion rubles by 2023.

9. Gazprom Neft

Capitalization - 16,888 million dollars.

The company was founded in 1995 by order of Boris Yeltsin and was then called “Siberian oil company" In 2005, its controlling stake was bought by Gazprom. Gazprom Neft was the first company to begin producing oil on the Russian Arctic shelf. By 2020, the company plans to increase total oil production to 100 million tons of oil equivalent per year.

8. Magnet

Capitalization - 17,005 million dollars.

Almost all Russian cities are covered by a “magnetic” network. The total number of Magnit stores as of July 2016 reached 12.9 thousand. The first of the Magnits was opened in 1998 in Krasnodar and initially sold household chemicals there. And the development of the hypermarket network began in 2006. In 2007, the first of them was also opened in Krasnodar. Apparently, this is a happy city for the owners of Magnit.

7. Surgutneftegaz

Capitalization - 18,217 million dollars.

The largest enterprise in the city of Surgut and one of the largest players in the Russian oil market. For the entire 2016, Surgutneftegas produced 61 million 848.6 thousand tons of oil and produced 9 billion 663 million cubic meters of gas. And the non-state pension fund under the brand of the same name has become one of the most profitable in Russia.

6. MMC Norilsk Nickel

Capitalization - 26,201 million dollars.

Russian mining and metallurgical giant, which produces 100% of platinum on the Russian market, 96% of nickel, 95% of cobalt and 55% of copper. The mining and metals industry accounts for 1.9% of Russia's GDP. Vladimir Potanin, who holds the position of General Director of Norilsk Nickel, said at a meeting with Vladimir Putin that by 2023 he intends to invest about 1 trillion rubles in the development of production. This will allow the company to rejuvenate its capacity and make it the largest in the world.

5. NOVATEK

Capitalization - 39,220 million dollars.

It ranks second in Russia in terms of gas production volumes. Together with such companies as Rosneft, Gazprombank and Vnesheconombank, it is included in the US sanctions list. This means that NOVATEK cannot borrow on the US market for longer than three months.

4. LUKOIL

Capitalization - 48,076 million dollars.

Until 2007, LUKOIL was the leader in terms of oil production in Russia, but then lost this title to Rosneft. In 2017, the company produced its first millionth ton of oil in the Caspian Sea, at the field named after. V. Filanovsky. And in 2016, LUKOIL took fourth place in the annual ranking environmental efficiency Russian oil and gas companies according to the World Wildlife Fund and 2nd place in.

3. Gazprom

Capitalization - 59,932 million dollars.

The corporation whose dreams come true ranks third in the list of the most valuable companies in the Russian Federation in 2017. Its interests include not only geological exploration and production of gas, but also its transportation, storage and sales. Since December 2013, Gazprom retained the right to export pipeline gas; until that time, the corporation had the right to export from Russian Federation any gas.

2. Sberbank

Capitalization - 61,159 million dollars.

According to the Central Bank, Sberbank - . There is no need to worry about the deposits placed there; the Central Bank is unlikely to revoke Sberbank’s license in the foreseeable future. And in terms of accessibility, Sberbank occupies the highest step on the banking pedestal - it has almost 17.5 thousand divisions and 14 territorial banks in 83 regions of Russia.

1. NK "Rosneft"

Capitalization - 69,907 million dollars.

The controlling stake in Rosneft is owned by Rosneftegaz, and the executive director of the corporation is Igor Sechin. In 2016, the Glencore consortium and the Qatari fund Qatar Investment Authority acquired a 19.5% stake in Rosneft for 10.2 billion euros. However, Rosneft retains 50%+1 share. Last year, Rosneft was mentioned in the press in connection with the high-profile arrest of the head of the Ministry of Economic Development, Alexei Ulyukaev. He is suspected of threatening and extorting a bribe of two million dollars from a Rosneft representative. Ulyukaev estimated this amount as a positive assessment, allowing Rosneft to acquire the state stake in Bashneft.

OIL AND GAS BANKING FINANCE METALLURGY MINING CHEMISTRY E/GENERATION ELECTRIC GRID ENERGOSBYT RETAIL CONSUMER TELECOM HIGH TECH MEDIA TRANSPORT BUILDERS MECHANICAL ENGINEERING THIRD ELEVATION NON-PUBLIC OTHER Financials Utilities Consumer Discretionary Consumer Staples Energy Healthcare Industrials Technology Telecom Materials Real Estate

Select the parameter ARPU BV/share CAPEX CAPEX/Revenue EBITDA EPS EV EV/EBITDA FCF FCF/share Free Float Loan-to-deposit ratio P/B P/BV P/E P/S R&D/CAPEX ROA ROE Act. subscribers Assets Balance sheet cost Domestic price of coal Electricity generation Revenue Freight turnover Goodwill Deposits Deposits of individuals Deposits of legal entities Div income, JSC Div income, ap Div.payment Dividend Dividend ap Dividends/profit Diamond mining Gas mining Gold mining Coking coal mining Copper mining Oil production Nickel mining Palladium mining Platinum mining Energy extraction coal Debt Debt/EBITDA Share of mortgage transactions Share of export sales Market share Ext. total capital Adequate fixed capital Profitability FCF Income on securities Capacity utilization Capacity utilization Passenger ownership Insider ownership Capacity Capacity Capitalization Fee income Contracts for sale m Contracts for sale ruble Loan portfolio Loans to individuals Loans to legal entities R&D Cash Intangible assets Non-performing loans New space on sale Ore processing General. area of stores Sales volume of pipes Opera. expenses New stores opened Heat energy supply Electricity supply to consumers from the network Domestic passenger traffic Total passenger traffic international Oil refining Personnel Product production Diamond sales VAP sales Auto sales Auto export exports Aluminum sales Real estate sales Steel sales Labor productivity Auto production Auto production aluminum Steel production Overdue loans, NPL Length of power lines Interest expenses Personnel costs Expenses/person/year Capacity sales Coal sales Reserves for depreciation Rentab EBITDA Bank profitability Cost price Cost price of aluminum Cost cost of gold Cost cost of slab Diamond content Creation of reserves Write-off. bad loans Avg. selling price of electricity Average selling price of gold Average check average price square meter Average price of coal Cost of risk Transformer capacity Installed. warm power Installed capacity JSC share price AP share price Aluminum price Export gas price Metal/prod price Price/capacity Flight hours Number of shares of JSC Number of shares up Number of stores Number of aircraft Net. proc. income Net profit Net profit n/a Net interest margin Net rentab Net assets Net debt Net operating income Gas exports Coal export price

The main ruble index (Moscow Exchange) fell by 5.5% over the year, while the dollar index (RTS) grew by only 0.2%. However, despite the decline in the index, most of the largest companies by capitalization showed an increase in quotations in 2017. According to the rating, the total capitalization of the TOP 100 Russian companies over the past year increased by 1.3% or $8.4 billion to $643 billion as of December 29, 2017. For comparison, in 2016 the growth was much higher - +58% or +233 billion dollars. The median capitalization of the Russian 100 public companies did not change and amounted to $1.8-1.9 billion. In turn, the minimum capitalization size with which one could be among the TOP 100 most valuable companies at the end of 2017 was $318 million, against $267 million in last year’s ranking and 157 as of December 31, 2015. (Thus, the lower bar for entering the 100 most valuable companies in Russia has doubled in two years.

The top ten, according to the rating, also included the following companies: Sberbank, Gazprom, Rosneft, LUKOIL, NOVATEK, Norilsk Nickel, Gazprom Neft, Tatneft, Surgutneftegaz and NLMK. It is worth noting that at the end of the year, two companies left the TOP 10, and accordingly, there were two new companies in the top ten. Magnit and VTB Bank left the list of the ten largest companies in Russia by capitalization.

Among the 100 most valuable companies, market capitalization increased in 55 in 2017, which is noticeably less than last year’s result (91 companies). The leader in market capitalization growth rate among the TOP 100 companies in the rating in 2017 was the development company Ingrad. The capitalization of this company increased more than 8 times during the year. The second company in terms of growth rate was Lenenergo, whose capitalization increased by 4.7 times, which is also mainly due to the additional issue. In general, 5 companies had multiple capitalization growth in 2017, which in most cases was due to additional issues. For comparison, in 2016, 25 companies showed a multiple increase in capitalization, which was most often determined by the dynamics of shares.

The largest decrease in capitalization in 2017 among the companies included in the rating was demonstrated by the company in the financial sector of the Future Financial Group. Among the companies with a significant decrease in market capitalization were also AFK Sistema, Magnit, Bashneft, VTB Bank, Nizhnekamskneftekhim, Lenta, Chelyabinsk Zinc Plant, Rusagro, Uralkali and Polyus.

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MOSCOW, January 30 - PRIME. The rating agency "RIA Rating" has prepared another rating of the 100 most valuable Russian companies. The composition of the top three most capitalized companies has not changed, but the leader has changed, which became Sberbank in 2018.

In economic terms, the past 2017 turned out to be quite successful for Russian companies. Macroeconomic statistics were moderately positive, consumer spending began to rise, and oil prices were relatively high and comfortable for most of the year. Russian economy level. However, this did not have a significant positive impact on the Russian stock market - most companies showed a decline in the first half of the year, which was not offset by the growth that began in June 2017. The main ruble index (Moscow Exchange) fell by 5.5% over the year, while the dollar index (RTS) grew by only 0.2%. However, despite the decline in the index, most of the largest companies by capitalization showed an increase in quotations in 2017.

To assess the changes that have occurred among Russian issuers and in the Russian stock market as a whole, experts from the RIA Rating agency prepared the next annual, fifth in a row, Rating of the 100 most valuable public companies in Russia as of the beginning of 2018. According to the rating, the total capitalization of the TOP 100 Russian companies over the past year increased by 1.3% or $8.4 billion to $643 billion as of December 29, 2017. For comparison, in 2016 the growth was much higher - +58% or +233 billion dollars.

Over the past year, the list of the hundred largest public companies in Russia has not changed very much. At the end of 2017, 9 new companies were able to get into this list, including five companies through IPOs and SPOs (En+ Group, Detsky Mir, Lenenergo, INGRAD and Pharmacy Chain 36.6). At the same time, the majority of new companies managed to show results that placed them at the bottom of the ranking, and only one company out of nine new ones immediately occupied a position at the top of the ranking of the hundred most valuable companies in Russia - this is En+ Group, which was not previously public, taking 21 a place with a capitalization of $7.8 billion.

The median capitalization of the Russian 100 public companies did not change and amounted to $1.8-1.9 billion. In turn, the minimum capitalization size with which one could be among the TOP 100 most valuable companies at the end of 2017 was $318 million, against $267 million in last year’s ranking and 157 as of December 31, 2015. (Thus, the lower bar for entering the 100 most valuable companies in Russia has doubled in two years.

The leader in capitalization has changed again

The composition of the top three most valuable companies in Russia, as in 2016, has not changed, but all three companies have changed places. Rosneft, which in 2016 pushed the long-time leader (Gazprom) off the pedestal, was unable to retain first place in 2017 and at the end of last year took third place. This is explained by a decrease in Rosneft's capitalization by 24% over the year to $53.30 billion. The leading position in the ranking is now occupied by Sberbank, whose capitalization over the past year has grown by almost 40% to $84 billion. At the end of last year, second place was occupied by the long-term leader, Gazprom, with a capitalization of $53.35 billion. At the end of 2017, Gazprom’s capitalization decreased by 11%, which allowed it to slightly (all by $45 million) overtake Rosneft.

The top ten, according to the rating, also includes LUKOIL, NOVATEK, Norilsk Nickel, Gazprom Neft, Tatneft, Surgutneftegaz and NLMK. It is worth noting that at the end of the year, two companies left the TOP 10, and accordingly, there were two new companies in the top ten.

Magnit and VTB Bank left the list of the ten largest companies in Russia by capitalization. VTB Bank lost 4 places in the ranking (moved from 10th place at the end of 2016 to 14th place at the beginning of 2018), which was due to a reduction in capitalization by 33%. U retail network Over the past year, Manit's capitalization has decreased even more - by 39% or $6.6 billion, which led to the loss of 8 places in the ranking, and now this company is located in 16th place. In terms of the absolute volume of capitalization reduction, Magnit showed the second result, second only to Rosneft, and in terms of relative reduction it became the third in the TOP-100 after AFK Sistema (-44.6%) and FG Future (-52.3%).

Instead of retired companies, the TOP 10 included Tatneft (8th place, capitalization growth over the year by 19%) and NLMK (10th place, +36%). In addition, among the largest ten companies in the country, Gazprom Neft improved its position, which moved from 9th to 7th place due to a 19% increase in capitalization over the year. At the same time, in 2017, Surgutneftegaz lost two places in the capitalization ranking and is now in 9th position, which is associated with a decrease in its capitalization by 5.6% or $1 billion.

In general, at the end of 2017, the capitalization of companies in the top ten of the rating increased by 2.6%. Thus, the leaders, on average, grew slightly faster than other companies. At the same time, the minimum amount of market capitalization that is required to get into the TOP 10, on the contrary, became smaller over the year - $15.3 billion as of December 29, 2017 versus $15.9 billion as of December 31, 2016. In many ways, the good overall dynamics of the TOP 10 companies is explained by the result of the leader of the rating - Sberbank. Its capitalization increased by $23 billion over the year, and without its results, all other companies from the TOP 10 showed a total decrease in capitalization.

The industry composition of the top ten has become even more homogeneous over the year, although previously the diversity was not very large. Seven of the ten most valuable companies represent the oil and gas sector (a year earlier there were 6), one bank is also represented in the top ten (previously there were two), and two metallurgical companies(at the end of 2016 there was one metallurgical company in the top ten).

Additional issues and SPO ensured multiple growth of capitalization

Among the 100 most valuable companies, market capitalization increased in 55 in 2017, which is noticeably less than last year’s result (91 companies). But in previous years, fewer companies with positive dynamics were replaced - in 2015 and 2014 there were only 45 and 12 such companies, respectively. The leader in market capitalization growth rate among the TOP 100 companies in the rating in 2017 was the development company Ingrad. The capitalization of this company increased more than 8 times during the year. Such a significant increase in capitalization was a consequence of rising quotations and an additional issue of shares amounting to about 26 billion rubles as part of the merger of OPIN and Ingard. The second company in terms of growth rate was Lenenergo, whose capitalization increased by 4.7 times, which is also mainly due to the additional issue. In general, 5 companies had multiple capitalization growth in 2017, which in most cases was due to additional issues. For comparison, in 2016, 25 companies showed a multiple increase in capitalization, which was most often determined by the dynamics of shares.

The largest decrease in capitalization in 2016 among the companies included in the rating was demonstrated by the company in the financial sector of the Future Financial Group. Its capitalization has more than halved over the year. The main reason for the decline in capitalization, according to RIA Rating experts, was significant problems with other financial companies (Otkritie, BIN and Promsvyazbank). FG "Future" suffered losses in this regard, which led to a decrease in its quotes. Among the companies with a significant decrease in market capitalization were also AFK Sistema, Magnit, Bashneft, VTB Bank, Nizhnekamskneftekhim, Lenta, Chelyabinsk Zinc Plant, Rusagro, Uralkali and Polyus. According to RIA Rating analysts, the decrease in capitalization among the leaders in negative dynamics was mainly due to individual reasons.

In 2017, there were two relatively large IPOs, as a result of which the list of largest Russian companies was replenished with new names. Firstly, the IPO was carried out by En+ Group, the holding company of Oleg Deripaska’s assets. Its capitalization is mainly determined by the value of RUSAL (48% of shares belong to En+ Group) and energy assets. In the ranking, En+ Group is in 21st place with a capitalization of $7.8 billion. Another major placement was carried out by the Detsky Mir retail chain (capitalization at the beginning of 2018 was $1.2 billion, 61st place in the ranking). We can say that in 2017 the placements were quite successful, however, according to RIA Rating experts, there are most likely no prerequisites for a radical expansion of geography, industry diversity and the list of public companies in general.

Industry concentration remains high

As before, the largest contribution to total cost The most valuable companies in 2017 were contributed by corporations related to oil and gas production and oil refining. They account for 39.9% of the total capitalization of the TOP 100 most valuable companies in Russia, which is 4.2 percentage points less than a year earlier. The reduction in share is associated with negative price dynamics for a number of largest companies from this sector.

The share of market capitalization attributable to financial sector companies increased over the year to 16.9% versus 15.8% in the previous rating, and their market value approached $110 billion (+8.7% compared to the previous year). The third industry by total capitalization was metallurgy. Metallurgical companies account for 13.9% of the total market value of the largest Russian companies by capitalization (11.6%). In general, 2017 can be called the “year of metallurgists”, since following the prices for steel and coal, their stock quotes showed rapid positive dynamics.

At the same time, the results of the current rating indicate that the Russian financial sector has sharply reduced its representation in the rating, although last year it was the leader in terms of the largest number of issuers in the rating. At the beginning of 2018, only 10 companies from this sector were represented among the TOP 100 most valuable companies in Russia, compared to 16 at the end of 2016. Thus, financial companies became only the fourth most represented among all industries. This dynamics in the number of public financial companies is associated with the reorganization of three large Russian banking groups, which RIA Rating wrote about in detail in a material devoted to the analysis of the results of the banking sector in 2017. http://riarating.ru/banks/20171227/630079927.html

It is worth noting that, despite the sharp reduction in the number financial organizations, the share of the three largest industries by capitalization still exceeds 70% of the total capitalization of the TOP 100 companies in the ranking. Thus, industry concentration remains relatively high.

At the same time, the leading industry in terms of capitalization growth rate in the ranking was the " Information Technology", the share of which increased over the year by 1.6 percentage points to 2.6% of the total market capitalization. This became possible due to the growth of the market capitalization of companies representing this industry by more than 1.6 times. The worst dynamics in 2017 demonstrated by companies representing such industries as agro-industrial complex and food industry" and "Trade".

According to RIA Rating experts, in 2018, the growth of quotes for most companies, which began in mid-2017, is likely to continue. However, for many of them the low base effect has already been exhausted and growth should not be very strong. It is noteworthy that external risks remain high, in particular, a strong tightening of sanctions from the United States is possible, which could become a “black swan” for the Russian stock market. At the same time, a number of sectors and companies from them will continue to benefit from economic stabilization, lower inflation and easing monetary policy.

Moscow, January 31 - “News. Economy". The total market capitalization of the 100 most valuable Russian public companies at the end of 2017 increased by 1.3%, to $643 billion.

Below we present the ten most valuable Russian companies.

The leading position in the ranking is now occupied by Sberbank, whose capitalization over the past year has grown by almost 40%, to $84 billion. The share of market capitalization attributable to financial sector companies increased over the year to 16.9% versus 15.8% in the previous rating, and their market value approached $110 billion.

At the end of last year, second place was occupied by the long-term leader, Gazprom, with a capitalization of $53.35 billion. Gazprom's capitalization decreased by 11%, but this still allowed it to slightly (by only $45 million) overtake Rosneft.

3. Rosneft

Rosneft, which in 2016 pushed the long-time leader Gazprom off the pedestal, was unable to maintain its first place in 2017 and took third place at the end of last year. This is explained by a decrease in Rosneft's capitalization by 24% over the year, to $53.3 billion.

Among the 100 most valuable companies, market capitalization increased in 55 in 2017, which is noticeably less than last year’s result (91 companies). In general, five companies had multiple capitalization growth in 2017, which in most cases was due to additional issues. For comparison, in 2016, 25 companies showed a multiple increase in capitalization, which was most often determined by the dynamics of shares.

The minimum market capitalization volume required to get into the top 10, on the contrary, became smaller over the year - $15.3 billion versus $15.9 billion a year earlier.

As before, the largest contribution to the total value of the most valuable companies in 2017 was made by corporations associated with oil and gas production and oil refining. They account for 39.9% of the total capitalization of the Top 100 most valuable companies in Russia, which is 4.2 percentage points less than a year earlier. The reduction in share is due to negative dynamics in the value of a number of the largest companies in this sector.

The retailer Magnit and VTB left the list of the ten largest companies in Russia by capitalization. VTB moved from tenth place at the end of 2016 to 14th place at the beginning of 2018, which is due to a decrease in capitalization by 33%. Over the past year, the Magnit retail chain's capitalization has decreased even more - by 39%, or $6.6 billion, which led to the loss of eight places in the ranking, and now this company is in 16th place.

The third industry by total capitalization was metallurgy. Metallurgical companies account for 13.9% of the market value of the largest Russian companies by capitalization. In general, 2017 can be called the “year of metallurgists”, since following the prices for steel and coal, their stock quotes showed rapid positive dynamics.

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