Benelux (in €bn) | ||||||||
Group | Market Capitalisation | Beta | Price to book ratio(PBR) 2013 | P/E ratio 2014 | Revenues or Net Banking Income 2013 | Net income 2013 | Headcount 2013 | |
1 | AB Inbev | 126 | 0.93 | 3.4 | 20.3 | 31.2 | 5.7 | 154 587 |
2 | Unilever | 87 | 0.67 | 6.0 | 18.8 | 49.8 | 4.6 | 174 000 |
3 | ING Group | 39 | 1.76 | 0.8 | 9.7 | 15.3 | 3.3 | 83 690 |
4 | Heineken | 29 | 0.66 | 2.5 | 16.9 | 19.2 | 1.6 | 80 933 |
5 | ASML | 27 | 0.80 | 3.8 | 21.6 | 5.2 | 1.0 | 10 360 |
6 | Reed | 23 | 0.78 | 6.1 | 14.4 | 7.1 | 1.4 | nm |
7 | Philips | 22 | 1.06 | 1.9 | 15.0 | 23.3 | 1.3 | 114 689 |
8 | Arcelor Mittal | 20 | 1.47 | 0.6 | 20.0 | 57.4 | –0.8 | 232 000 |
9 | Unibail-Rodamco | 19 | 0.97 | 1.2 | 17.7 | 1.6 | 1.0 | 1 538 |
10 | KBC | 18 | 1.83 | 1.5 | 10.9 | 7.2 | 1.0 | nm |
11 | Aegon | 14 | 1.45 | 0.8 | 9.2 | 20.4 | 1.5 | 23 474 |
12 | Robeco | 13 | 0.56 | 12.0 | n.s. | 0.0 | 0.0 | nm |
13 | Ahold | 13 | 0.94 | 1.9 | 13.0 | 32.6 | 0.9 | 123 000 |
14 | Akzo Nobel | 13 | 1.31 | 2.2 | 17.1 | 14.6 | 0.6 | 49 561 |
15 | RTL | 13 | 0.45 | 3.5 | 16.8 | 5.9 | 0.7 | 9 807 |
16 | GBL | 12 | 0.69 | 0.9 | 17.5 | 3.9 | 0.6 | nm |
17 | UCB | 12 | 0.85 | 2.3 | 29.4 | 3.4 | 0.4 | 8 732 |
18 | SES | 11 | 0.55 | 4.7 | 18.0 | 1.9 | 0.6 | nm |
19 | KPN | 11 | 1.08 | 2.0 | 31.2 | 8.5 | 0.3 | 23 451 |
20 | Solvay | 10 | 1.16 | 1.4 | 16.4 | 10.4 | 0.4 | 29 389 |
Source: Datastream, Exane BNP Paribas, April 2014
Brazil (in €bn) | ||||||||
Group | Market Capitalisation | Beta | Price to book ratio(PBR) 2013 | P/E ratio 2014 | Revenues or Net Banking Income 2013 | Net income 2013 | Headcount 2013 | |
1 | Ambev | 87 | 0.18 | 2.0 | 20.6 | 11.3 | 3.7 | 51 299 |
2 | Petrobas | 65 | 1.14 | 0.6 | 7.3 | 98.6 | 7.6 | 86 108 |
3 | Itau Unibanco | 58 | 0.98 | 2.3 | 10.2 | 22.6 | 5.1 | 100 000 |
4 | Vale | 51 | 0.80 | 1.0 | 5.0 | 34.7 | 8.9 | 80 000 |
5 | Bradesco | 46 | 1.01 | 2.0 | 9.8 | 20.4 | 3.9 | 103 385 |
6 | Banco do Brasil | 22 | 1.06 | 0.9 | 6.4 | 23.6 | 3.3 | 114 182 |
7 | Cielo | 20 | 0.22 | 18.2 | 19.9 | 2.2 | 0.9 | 113 400 |
8 | Itausa | 18 | 0.97 | 1.6 | 8.4 | 1.8 | 2.0 | 110 000 |
9 | BBSeguridade | 17 | 0.50 | 7.6 | 17.9 | 1.1 | 0.7 | 53 992 |
10 | Santander Brasil | 16 | 0.52 | 0.2 | n.s. | 0.0 | 0.0 | 120 000 |
11 | Telef Brasil | 16 | 0.55 | 1.4 | 13.5 | 11.2 | 1.2 | 20 000 |
12 | BRF | 14 | 0.46 | 2.9 | 22.5 | 9.9 | 0.3 | 7 000 |
13 | Souza | 11 | 0.31 | 13.5 | 17.6 | 2.0 | 0.5 | 11 992 |
14 | Ultrapar | 10 | 0.34 | 4.6 | 22.1 | 19.7 | 0.4 | 9 000 |
15 | CCR Rodovias | 10 | 0.25 | 9.0 | 19.4 | 1.9 | 0.4 | 9 000 |
16 | Tata Consultancy | 9 | 0.66 | 2.0 | 17.5 | 6.4 | 0.5 | 1 442 |
17 | BTG Pactual | 9 | 0.77 | 1.8 | 7.6 | 1.9 | 0.9 | 151 000 |
18 | Companhia Brasil | 8 | 0.46 | 2.9 | 18.9 | 18.7 | 0.6 | 1 125 |
19 | JBS | 7 | 0.97 | 1.0 | 10.8 | 30.0 | 0.4 | na |
20 | Gerdau | 7 | 0.54 | 0.6 | 8.9 | 12.9 | 0.5 | 8 667 |
Source: Datastream, Exane BNP Paribas, April 2014
China (in €bn) | ||||||||
Group | Market Capitalisation | Beta | Price to book ratio (PBR) 2013 | P/E ratio 2014 | Revenues orNet Banking Income 2013 | Net income 2013 | Headcount 2013 | |
1 | Petrochina | 158 | 0.58 | 1.2 | 9.9 | 261.0 | 15.0 | 548 355 |
2 | ICBC | 143 | 0.50 | 1.0 | 4.3 | 68.1 | 30.4 | 427 356 |
3 | China Construction Bank | 123 | 0.76 | 0.9 | 4.3 | 58.8 | 24.8 | 348 955 |
4 | Agricultural Bank of China | 91 | 0.72 | 0.9 | 4.3 | 53.5 | 19.2 | 461 100 |
5 | Bank of China | 85 | 0.58 | 0.8 | 4.3 | 47.1 | 18.1 | 305 675 |
6 | China Petroleum and Chemical | 70 | 0.73 | 1.0 | 7.8 | 332.9 | 7.8 | 376 201 |
7 | China Life Insurance | 47 | 1.20 | 1.8 | 12.1 | 49.0 | 2.9 | 100 310 |
8 | Ping An Insurance | 39 | 1.36 | 0.2 | 9.2 | 27.8 | 3.3 | 190 284 |
9 | China Shenhua Energy | 33 | 0.99 | 1.0 | 6.6 | 32.8 | 5.3 | 91 487 |
10 | Bank of Communications | 33 | 0.93 | 0.7 | 4.1 | 19.0 | 7.2 | 96 259 |
11 | China Merchant Bank | 30 | 1.07 | 0.1 | 4.4 | 15.3 | 6.0 | 1 725 |
12 | China CITIC Bank | 25 | 1.41 | 0.1 | 5.4 | 12.1 | 4.5 | 41 365 |
13 | China Minsheng Banking | 25 | 1.31 | 0.1 | 4.7 | 13.4 | 4.9 | 49 227 |
14 | Industrial & Bank | 23 | 1.43 | 1.0 | 4.1 | 12.6 | 4.8 | 42 561 |
15 | Shangai Pudong | 21 | 1.47 | 0.9 | 4.0 | 11.6 | 4.7 | 35 784 |
16 | Kweichow Moutai | 20 | 0.66 | 4.0 | 10.6 | 3.6 | 1.7 | 13 717 |
17 | China Pacific Insurance | 18 | 1.48 | 1.5 | 12.7 | 22.3 | 1.1 | 85 137 |
18 | SAIC Motor | 18 | 1.31 | 1.1 | 5.9 | 65.1 | 2.9 | 6 146 |
19 | Citic Securities | 14 | 1.93 | 1.4 | 18.7 | 1.9 | 0.6 | 10 452 |
20 | China Everbright Bank | 13 | 0.89 | 0.8 | 3.8 | 7.5 | 3.1 | 36 420 |
Source: Datastream, Exane BNP Paribas, April 2014
France (in €bn) | ||||||||
Group | Market Capitalisation | Beta | Price to book ratio(PBR) 2013 | P/E ratio 2014 | Revenues orNet Banking Income 2013 | Net income 2013 | Headcount2013 | |
1 | Total | 118 | 0.93 | 1.6 | 10.3 | 189.5 | 10.7 | 98 799 |
2 | Sanofi | 101 | 0.89 | 1.8 | 14.7 | 33.0 | 6.7 | 112 128 |
3 | L'Oréal | 73 | 0.55 | 3.2 | 22.6 | 23.0 | 3.1 | 77 452 |
4 | LVMH | 72 | 1.04 | 2.7 | 18.7 | 29.1 | 3.6 | 114 635 |
5 | BNP Paribas | 69 | 1.55 | 0.8 | 10.8 | 38.8 | 6.0 | 188 551 |
6 | EDF | 53 | 0.99 | 1.4 | 14.0 | 75.6 | 4.1 | 158 467 |
7 | GDF Suez | 46 | 1.02 | 0.8 | 13.9 | 89.3 | 0.0 | 224 000 |
8 | Axa | 45 | 1.63 | 0.9 | 9.0 | 91.2 | 5.2 | 93 146 |
9 | Airbus | 39 | 0.80 | 3.6 | 16.1 | 59.3 | 2.4 | 144 061 |
10 | Schneider Electric | 39 | 1.50 | 2.1 | 16.6 | 23.6 | 2.0 | 163 033 |
11 | Société Générale | 35 | 1.92 | 0.8 | 9.9 | 22.8 | 3.9 | 148 324 |
12 | Danone | 33 | 0.32 | 2.9 | 18.8 | 21.3 | 1.6 | 104 642 |
13 | Vinci | 32 | 1.13 | 2.1 | 14.5 | 40.3 | 2.0 | 190 704 |
14 | Air Liquide | 32 | 0.77 | 3.0 | 18.5 | 15.2 | 1.6 | 18 308 |
15 | Orange | 29 | 1.00 | 1.2 | 11.6 | 41.0 | 2.7 | 165 488 |
16 | Credit Agricole | 28 | 1.71 | 0.6 | 10.0 | 16.0 | 2.4 | 75 529 |
17 | Christian Dior | 27 | 1.05 | 2.4 | 15.3 | 29.9 | 3.9 | 108 546 |
18 | Hermes | 27 | 0.55 | 9.2 | 30.4 | 3.8 | 0.8 | 11 037 |
19 | Vivendi | 26 | 0.71 | 1.5 | 18.8 | 22.1 | 1.5 | 29 378 |
20 | Saint Gobain | 24 | 1.38 | 1.3 | 17.5 | 42.0 | 1.0 | 185 364 |
Source: Datastream, Exane BNP Paribas, April 2014
Germany (in €bn) | ||||||||
Group | Market Capitalisation | Beta | Price to book ratio(PBR) 2013 | P/E ratio 2014 | Revenues or Net Banking Income 2013 | Net income 2013 | Headcount 2013 | |
1 | Volkswagen | 89 | 0.99 | 1.0 | 8.5 | 197.0 | 9.1 | 549 763 |
2 | Siemens | 85 | 0.88 | 2.9 | 14.3 | 75.9 | 4.2 | 366 700 |
3 | Bayer | 79 | 0.97 | 3.8 | 15.7 | 40.2 | 4.6 | 110 500 |
4 | BASF | 75 | 1.07 | 2.8 | 6.4 | 74.0 | 4.9 | 113 262 |
5 | Daimler | 71 | 1.19 | 1.7 | 11.2 | 118.0 | 8.7 | 275 087 |
6 | SAP | 69 | 0.88 | 4.2 | 16.6 | 16.9 | 4.0 | 64 422 |
7 | BMW | 58 | 1.21 | 1.7 | 10.3 | 76.1 | 5.3 | 105 876 |
8 | Allianz | 55 | 1.09 | 1.1 | 8.9 | 110.8 | 6.0 | 144 094 |
9 | Deutsche Telekom | 51 | 0.62 | 2.1 | 18.0 | 60.1 | 2.8 | 229 686 |
10 | Continental | 34 | 1.20 | 3.8 | 13.5 | 33.3 | 2.4 | 169 639 |
11 | Henkel | 33 | 0.77 | 3.2 | 17.5 | 16.4 | 1.8 | 46 610 |
12 | Deutsche Post | 32 | 0.87 | 3.3 | 15.7 | 55.1 | 2.1 | 473 626 |
13 | Deutsche Bank | 32 | 1.24 | 0.6 | 9.1 | 31.9 | 4.0 | 98 219 |
14 | Muenchener Ruck | 30 | 0.77 | 1.1 | 15.2 | 51.1 | 3.3 | 45 437 |
15 | E ON | 27 | 0.89 | 0.8 | 14.6 | 122.5 | 2.2 | 72 083 |
16 | Audi | 27 | 0.24 | 1.5 | n.s. | 0.0 | 0.0 | 64 626 |
17 | Linde | 27 | 0.64 | 2.1 | 17.5 | 16.7 | 1.5 | 61 965 |
18 | Merck KGAA | 26 | 0.59 | 2.3 | 13.0 | 10.7 | 1.9 | 38 847 |
19 | Porsche | 24 | 1.03 | 0.8 | 7.6 | 13.9 | 2.4 | 17 502 |
20 | Fresenius | 19 | 0.36 | 2.4 | 17.2 | 20.3 | 1.1 | 169 324 |
Source: Datastream, Exane BNP Paribas, April 2014
India (in €bn) | ||||||||
Group | Market Capitalisation | Beta | Price to book ratio(PBR) 2013 | P/E ratio 2014 | Revenues orNet Banking Income 2013 | Net income 2013 | Headcount 2013 | |
1 | Tata Consultancy | 51 | 0.19 | 7.1 | 19.8 | 9.7 | 2.3 | 276 196 |
2 | Oil & Natural Gas Corp. | 37 | 1.10 | 1.8 | 11.5 | 51.8 | 2.7 | 23 519 |
3 | Reliance Industries | 33 | 1.34 | 1.3 | 10.4 | 19.2 | 2.9 | 32 923 |
4 | ITC | 33 | 0.71 | 11.0 | 31.5 | 3.5 | 0.9 | 25 900 |
5 | Coal India | 23 | 0.86 | 3.7 | 11.9 | 8.1 | 2.1 | 357 926 |
6 | HDFC Bank | 22 | 0.39 | 4.2 | 15.2 | 6.0 | 1.3 | 156 688 |
7 | Infosys Technologies | 21 | 1.12 | 3.6 | 16.7 | 3.1 | 1.0 | 69 065 |
8 | State Bank of India | 19 | 1.65 | 1.0 | 13.5 | 7.2 | 1.7 | 228 296 |
9 | Icici Bank | 17 | 1.73 | 1.7 | 13.5 | 2.0 | 1.2 | 81 250 |
10 | Housing Development Finance | 17 | 1.00 | 4.0 | 25.4 | 0.9 | 0.6 | 1 833 |
11 | Bharti Airtel | 16 | 0.93 | 1.7 | 42.2 | 9.6 | 0.3 | 15 563 |
12 | Sun Pharmaceutical Industries | 15 | 0.36 | 1.4 | 24.3 | 1.3 | 0.4 | 14 000 |
13 | Wipro | 15 | 0.10 | 2.1 | 14.3 | 5.2 | 0.9 | 135 920 |
14 | Tata Motors | 15 | 1.22 | 7.2 | 9.3 | 22.4 | 1.3 | 62 716 |
15 | Hindustan Unilever | 15 | 0.40 | 3.0 | 34.4 | 3.1 | 0.4 | 16 500 |
16 | Larsen & Toubro | 15 | 1.71 | 2.4 | 25.6 | 8.9 | 0.6 | 54 092 |
17 | HCL Technologies | 12 | 0.18 | 2.2 | 16.6 | 3.0 | 0.5 | 85 505 |
18 | NTPC | 12 | 0.83 | 1.8 | 9.3 | 8.1 | 1.3 | 25 484 |
19 | Axis Bank | 9 | 1.77 | 2.8 | 10.6 | 1.4 | 0.7 | 37 901 |
20 | Mahindra & Mahindra | 8 | 0.79 | 1.1 | 17.7 | 4.8 | 0.4 | 19 434 |
Source: Datastream, Exane BNP Paribas, April 2014
Italy (in €bn) | ||||||||
Group | Market Capitalisation | Beta | Price to book ratio(PBR) 2013 | P/E ratio 2014 | Revenues orNet Banking Income 2013 | Net income 2013 | Headcount 2013 | |
1 | Eni | 67 | 0.81 | 1.1 | 13.7 | 115.0 | 4.4 | 77 838 |
2 | Intesa Sanpaolo | 39 | 1.53 | 0.9 | 18.6 | 16.3 | 1.2 | 96 170 |
3 | Enel | 38 | 1.11 | 1.1 | 12.8 | 80.5 | 3.1 | 73 702 |
4 | Unicredit | 37 | 1.77 | 0.7 | 19.2 | 24.0 | –4.3 | 162 864 |
5 | Generali | 26 | 1.16 | 1.3 | 11.7 | 66.1 | 2.5 | 77 185 |
6 | Luxottica | 19 | 0.28 | 4.6 | 27.4 | 7.3 | 0.6 | 70 307 |
7 | Tenaris | 19 | 0.64 | 2.1 | 15.0 | 7.7 | 1.1 | 26 825 |
8 | Telecom Italia | 16 | 1.18 | 1.0 | 11.4 | 27.2 | 1.5 | 59 507 |
9 | Atlantia | 15 | 0.73 | 2.7 | 18.7 | 4.2 | 0.6 | 14 220 |
10 | Snam | 14 | 0.52 | 2.4 | 14.5 | 3.5 | 0.9 | 6 034 |
11 | CNH Industrial | 11 | 1.11 | 2.8 | 10.0 | 25.8 | 0.9 | 70 034 |
12 | Fiat | 11 | 1.15 | 1.2 | 13.0 | 86.8 | 0.1 | 225 587 |
13 | Enel Green Power | 10 | 1.03 | 1.4 | 19.1 | 2.8 | 0.5 | 3 512 |
14 | Saipex | 9 | 1.13 | 1.9 | 24.1 | 12.0 | –0.4 | 42 554 |
15 | Exor | 8 | 0.75 | 0.1 | 14.0 | 0.0 | 2.1 | 287 343 |
16 | Terna Rete Elettrica | 8 | 0.43 | 2.6 | 15.3 | 1.9 | 0.5 | 3 433 |
17 | Unipolsan | 7 | 0.24 | 1.0 | 10.6 | 9.7 | 0.3 | 7 476 |
18 | Mediobanca | 7 | 1.48 | 1.0 | 13.4 | 1.6 | 0.2 | 3 505 |
19 | Unione Di Banche Italian | 6 | 1.67 | 0.5 | 23.3 | 3.4 | 0.3 | 18 360 |
20 | Pirelli | 6 | 0.75 | 2.5 | 13.4 | 6.1 | 0.3 | 35 359 |
Source: Datastream, Exane BNP Paribas, April 2014
Japan (in €bn) | ||||||||
Group | Market Capitalisation | Beta | Price to book ratio (PBR) 2013 | P/E ratio 2014 | Revenues or Net Banking Income 2013 | Net income 2013 | Headcount 2013 | |
1 | Toyota Motor | 134 | 1.14 | 1.4 | 9.3 | 156.3 | 6.8 | 333 498 |
2 | Softbank | 66 | 0.96 | 5.9 | 18.1 | 23.9 | 2.1 | 24 598 |
3 | Mitsubishi UFJ | 55 | 1.27 | 0.7 | 8.3 | 33.7 | 6.0 | 85 854 |
4 | NTT Docomo | 49 | 0.63 | 1.2 | 12.8 | 31.7 | 3.5 | 23 890 |
5 | Japan Tobacco | 48 | 0.69 | 0.0 | 15.7 | 14.6 | 2.4 | 49 507 |
6 | Honda Motor | 45 | 1.12 | 1.2 | 10.6 | 70.0 | 2.6 | 190 338 |
7 | Nippong Telg | 44 | 0.68 | 0.8 | 10.6 | 75.8 | 3.7 | 227 168 |
8 | Sumimoto Mitsui | 40 | 1.25 | 0.9 | 6.9 | 30.6 | 5.6 | 64 635 |
9 | KDDI | 34 | 0.84 | 1.8 | 13.4 | 25.9 | 1.7 | 20 238 |
10 | Mizuho Financial | 34 | 1.02 | 0.9 | 7.5 | 20.6 | 4.0 | 55 492 |
11 | Fanuc | 31 | 0.93 | 3.0 | 26.3 | 3.2 | 0.8 | 5 261 |
12 | Canon | 30 | 0.95 | 1.3 | 14.8 | 26.4 | 1.6 | 194 151 |
13 | Denso | 30 | 1.15 | 1.4 | 12.9 | 29.0 | 2.0 | 132 276 |
14 | Nissan | 28 | 0.95 | 1.0 | 10.0 | 68.2 | 2.4 | 160 530 |
15 | Fast Retailing | 26 | 1.24 | 6.0 | 37.0 | 8.1 | 0.6 | 23 982 |
16 | Hitachi | 26 | 1.21 | 1.7 | 14.6 | 64.0 | 1.2 | 326 240 |
17 | Takeda Pharmaceutical | 25 | 0.55 | 1.7 | 31.9 | 11.0 | 0.9 | 30 481 |
18 | Seven & I | 25 | 0.86 | 1.7 | 18.3 | 39.9 | 1.2 | 55 011 |
19 | Mitsubishi Estate | 22 | 1.29 | 2.5 | 52.0 | 6.6 | 0.3 | 8 001 |
20 | Mitsubishi | 22 | 0.81 | 0.7 | 7.1 | 143.1 | 2.6 | 65 975 |
Source: Datastream, Exane BNP Paribas, April 2014
Morocco-Lebanon-Tunisia (in €bn) | ||||||||
Group | Market Capitalisation | Beta | Price to book ratio(PBR) 2013 | P/E ratio 2014 | Revenues or Net Banking Income 2013 | Net income 2013 | Headcount 2013 | |
1 | Maroc Telecom | 8 | 1.45 | 4.5 | 14.0 | 2.5 | 0.6 | 11 912 |
2 | Attijariwafa Bank | 6 | 1.14 | 1.6 | 13.3 | 1.6 | 0.5 | 14 686 |
3 | BMCE Bank | 3 | ns | 2.0 | n.s. | 0.9 | 0.2 | 10 000 |
4 | Bank BCP | 3 | 0.01 | 1.0 | 15.2 | 1.2 | 0.3 | 10 660 |
5 | Bank Audi | 2 | 0.85 | 0.5 | 21.0 | 0.4 | 0.1 | 972 |
6 | Lafarge ciments | 2 | 0.24 | 1.0 | 7.4 | 0.8 | 0.2 | 4 839 |
7 | Solidere | 2 | ns | ns | 10.6 | 0.8 | 0.2 | n.s. |
8 | Blom Bank | 2 | 1.16 | ns | 5.4 | 0.6 | 0.3 | 500 |
9 | Groupe Addoha | 2 | 0.09 | 0.2 | 23.1 | 0.2 | 0.1 | 2 482 |
10 | Centrale Laitière | 1 | 0.75 | 0.9 | 35.5 | 0.6 | 0.0 | 4 044 |
11 | Managem | 1 | 0.84 | 0.2 | 14.2 | 0.3 | 0.1 | n.s. |
12 | Compagnie Général Immobilière | 1 | ns | 0.3 | 24.8 | 0.3 | 0.0 | 1 080 |
13 | BMCI | 1 | 0.72 | 3.2 | 27.4 | 0.3 | 0.0 | 2 890 |
14 | Wafa Assurances | 1 | 0.89 | 0.3 | 13.8 | 0.6 | 0.1 | 451 |
15 | Ciment du Maroc | 1 | ns | ns | 7.0 | 0.3 | 0.1 | 2 600 |
16 | Byblos Bank | 1 | ns | ns | 13.3 | 0.4 | 0.1 | 2 179 |
17 | Cosumar | 1 | 0.76 | ns | n.s. | 0.5 | 0.1 | 2 684 |
18 | Holcim Maroc | 1 | ns | ns | 16.3 | 0.3 | 0.0 | 10 857 |
19 | Banque de Tunisie | 1 | ns | ns | 12.5 | 0.2 | 0.0 | n.s. |
20 | Brasseries du Maroc | 1 | ns | 1.1 | 19.4 | 0.1 | 0.0 | 866 |
Source: Datastream, Exane BNP Paribas, April 2014
Russia (in €bn) | ||||||||
Group | Market Capitalisation | Beta | Price to book ratio (PBR) 2013 | P/E ratio 2014 | Revenues orNet Banking Income 2013 | Net income 2013 | Headcount 2013 | |
1 | Gazprom | 60 | 1.15 | 0.3 | 2.4 | 110.9 | 27.5 | 417 000 |
2 | OC Rosneft | 48 | 0.60 | 0.7 | 6.5 | 106.5 | 12.4 | 166 100 |
3 | Sberbank | 31 | 1.34 | 1.2 | 4.2 | 19.5 | 7.3 | 306 123 |
4 | Lukoil | 31 | 0.74 | 0.6 | 3.8 | 102.2 | 5.7 | 150 000 |
5 | Surgutneftegas | 21 | 0.94 | 0.4 | 4.0 | 19.8 | 4.2 | 117 000 |
6 | Norilsk Nickel | 21 | 0.58 | 3.0 | 11.7 | 8.3 | 0.5 | 96 000 |
7 | RN Holding | 20 | 0.21 | 1.8 | 3.7 | 40.1 | 6.1 | 42 000 |
8 | Novatek | 20 | 1.08 | 2.3 | 9.8 | 6.8 | 1.6 | 5 400 |
9 | Magnit | 13 | 0.94 | 6.5 | 15.7 | 13.2 | 0.8 | 220 000 |
10 | Gazprom Neft | 13 | 0.59 | 2.2 | 3.2 | 34.1 | 4.0 | 57 500 |
11 | Megafon | 11 | 0.77 | 0.6 | 9.7 | 6.0 | 1.0 | 33 000 |
12 | Transneft | 11 | 0.82 | 4.4 | 3.3 | 15.0 | 3.1 | 106 000 |
13 | Mobile Telesystems | 10 | 0.72 | 0.6 | 7.3 | 8.0 | 1.5 | 62 000 |
14 | VTB Bank | 10 | 1.14 | 4.1 | 3.7 | 8.4 | 2.0 | 80 860 |
15 | Tafneft | 9 | 1.21 | 0.3 | 5.6 | 10.3 | 1.6 | 77 000 |
16 | Bashneft | 9 | 0.56 | 0.9 | 5.8 | 12.8 | 1.0 | 28 000 |
17 | Uralkali | 9 | 0.54 | 1.4 | 13.8 | 2.4 | 0.5 | 21 200 |
18 | Sistema | 7 | 1.12 | 0.9 | 4.8 | 23.0 | 1.4 | 90 000 |
19 | Moscow Mun. Bk. | 5 | 0.12 | 0.8 | n.s. | 0.0 | 0.0 | 12 926 |
20 | Alrosa | 5 | 0.71 | 0.7 | 6.1 | 3.8 | 0.7 | 30 287 |
Source: Datastream, Exane BNP Paribas, April 2014
Spain (in €bn) | ||||||||
Group | Market Capitalisation | Beta | Price to book ratio (PBR) 2013 | P/E ratio 2014 | Revenues or Net Banking Income 2013 | Net income 2013 | Headcount 2013 | |
1 | Santander | 82 | 1.22 | 1.0 | 14.5 | 39.8 | 4.4 | 182 958 |
2 | Inditex | 67 | 0.64 | 7.2 | 25.2 | 16.7 | 2.4 | 120 314 |
3 | Telefonica | 54 | 1.03 | 2.5 | 12.8 | 57.1 | 0.0 | 126 730 |
4 | BBVA | 52 | 1.28 | 1.1 | 15.3 | 21.4 | 3.2 | 109 305 |
5 | Iberdrola | 31 | 1.05 | 0.9 | 14.2 | 32.8 | 2.6 | 30 678 |
6 | Endesa | 28 | 0.74 | 1.4 | 16.5 | 31.2 | 1.9 | 22 995 |
7 | Repsol | 25 | 1.10 | 0.9 | 13.4 | 59.7 | 1.6 | 30 296 |
8 | Caixabank | 24 | 1.19 | 0.9 | 23.9 | 6.6 | 0.5 | 32 625 |
9 | Gas Natural | 20 | 0.86 | 1.4 | 14.9 | 25.0 | 1.4 | 15 173 |
10 | Bankia | 17 | 3.08 | 1.5 | 19.9 | 3.8 | 0.6 | 15 560 |
11 | Abertis | 14 | 0.78 | 2.1 | 19.4 | 4.7 | 0.6 | 17 123 |
12 | Amadeus | 13 | 0.37 | 7.2 | 20.0 | 3.1 | 0.6 | 9 163 |
13 | Grifols | 12 | 0.34 | 6.2 | 23.4 | 2.7 | 0.5 | 12 615 |
14 | Ferrovial | 12 | 0.69 | 1.9 | 30.6 | 8.2 | 0.7 | 66 098 |
15 | Banco Popular | 11 | 1.53 | 0.9 | 26.3 | 3.7 | 0.6 | 16 501 |
16 | Banco Sabadell | 10 | 1.24 | 0.9 | 29.3 | 4.0 | 0.2 | 18 077 |
17 | ACS | 9 | 1.08 | 2.9 | 12.8 | 38.4 | 0.7 | 161 865 |
18 | Mapfre | 9 | 1.15 | 1.2 | 10.1 | 25.9 | 0.8 | 34 942 |
19 | Red Electrica | 8 | 0.60 | 4.0 | 14.5 | 1.8 | 0.5 | 1 745 |
20 | Enagas | 5 | 0.50 | 2.5 | 13.4 | 1.3 | 0.4 | 1 178 |
Source: Datastream, Exane BNP Paribas, April 2014
Switzerland (in €bn) | ||||||||
Group | Market Capitalisation | Beta | Price to book ratio(PBR) 2013 | P/E ratio 2014 | Revenues orNet Banking Income 2013 | Net income 2013 | Headcount 2013 | |
1 | Roche | 180 | 1.05 | 11.2 | 16.9 | 38.4 | 10.1 | 86 858 |
2 | Nestle | 177 | 0.72 | 3.4 | 19.2 | 75.6 | 8.2 | 333 000 |
3 | Novartis | 165 | 0.92 | 2.8 | 16.0 | 41.9 | 9.0 | 135 696 |
4 | UBS | 56 | 1.37 | 1.4 | 14.8 | 22.7 | 3.3 | 60 205 |
5 | ABB | 44 | 1.40 | 2.6 | 16.8 | 30.2 | 2.4 | 147 700 |
6 | Richemont | 38 | 1.35 | 3.9 | 19.1 | 10.2 | 2.0 | 27 666 |
7 | Credit Suisse | 36 | 1.43 | 1.0 | 11.1 | 21.3 | 3.4 | 46 000 |
8 | Zurich Insurance Group | 31 | 0.96 | 1.1 | 10.3 | 37.6 | 2.9 | 55 102 |
9 | Syngenta | 26 | 0.83 | 3.8 | 17.9 | 10.6 | 1.3 | 29 000 |
10 | Swatch | 25 | 1.21 | 3.2 | 16.7 | 6.9 | 1.6 | 31 114 |
11 | Swiss Reinsurance | 23 | 0.82 | 1.0 | 9.9 | 26.7 | 3.2 | 11 574 |
12 | Swisscom | 22 | 0.59 | 4.5 | 16.1 | 9.4 | 1.4 | 20 108 |
13 | Holcim | 21 | 1.30 | 1.6 | 18.1 | 16.2 | 1.0 | 70 857 |
14 | SGS Surveillance | 14 | 0.70 | 7.4 | 23.4 | 4.8 | 0.5 | 80 510 |
15 | Schindler | 13 | 0.70 | 6.3 | 22.1 | 7.2 | 0.4 | 48 169 |
16 | Kuehne & Nagel | 12 | 0.70 | 5.6 | 21.8 | 17.2 | 0.5 | 72 399 |
17 | Adecco | 11 | 1.37 | 2.4 | 15.6 | 19.5 | 0.6 | 31 000 |
18 | Givaudan | 11 | 0.69 | 3.8 | 21.4 | 3.6 | 0.4 | 9 331 |
19 | Lindt & Spruengli | 9 | 0.52 | 4.5 | 35.5 | 2.4 | 0.2 | 8 949 |
20 | Geberit | 9 | 0.91 | 6.4 | 22.5 | 1.9 | 0.4 | 6 226 |
Source: Datastream, Exane BNP Paribas, April 2014
United Kingdom (in €bn) | ||||||||
Group | Market Capitalisation | Beta | Price to book ratio (PBR) 2013 | P/E ratio2014 | Revenues orNet Banking Income 2013 | Net income 2013 | Headcount 2013 | |
1 | Shell | 179 | 0.89 | 1.3 | 10.8 | 326.1 | 14.1 | 92 000 |
2 | HSBC | 138 | 1.23 | 1.1 | 11.0 | 43.8 | 11.3 | 254 066 |
3 | BHP Billiton | 132 | 1.43 | 2.4 | 12.1 | 47.7 | 8.5 | 49 496 |
4 | BP | 111 | 0.89 | 1.2 | 10.3 | 274.0 | 9.7 | 83 900 |
5 | Glaxosmithkline | 98 | 0.66 | 11.3 | 15.2 | 32.2 | 6.6 | 99 817 |
6 | Unilever | 87 | 0.79 | 6.2 | 19.8 | 51.4 | 4.8 | 174 000 |
7 | British American Tobacco | 78 | 0.80 | 10.5 | 15.9 | 18.5 | 5.0 | 87 485 |
8 | Rio Tinto | 75 | 1.63 | 1.7 | 10.0 | 37.0 | 7.4 | 66 331 |
9 | Vodafone | 70 | 0.90 | 0.9 | 16.2 | 54.0 | 9.4 | 91 272 |
10 | Lloyds | 65 | 1.33 | 1.7 | 10.9 | 22.8 | 6.0 | 88 977 |
11 | Astrazeneca | 63 | 0.60 | 3.7 | 16.0 | 18.6 | 4.6 | 51 700 |
12 | Sabmiller | 61 | 1.01 | 3.3 | 21.8 | 16.8 | 2.7 | 70 486 |
13 | Diageo | 55 | 0.71 | 7.1 | 18.1 | 13.9 | 3.2 | 28 410 |
14 | Glencore Xstrata | 51 | 1.37 | 1.4 | 14.3 | 168.2 | 2.6 | 110 378 |
15 | Barclays | 50 | 1.75 | 0.8 | 9.2 | 34.2 | 2.9 | 139 600 |
16 | BG Group | 47 | 1.33 | 2.2 | 17.3 | 13.9 | 3.2 | 5 713 |
17 | Reckitt Benckiser | 43 | 0.64 | 5.6 | 18.9 | 12.2 | 2.4 | 35 900 |
18 | Prudential | 42 | 1.49 | 3.6 | 14.0 | 36.3 | 1.6 | 22 308 |
19 | RBS | 42 | 1.62 | 0.6 | 15.1 | 23.6 | –3.7 | 119 200 |
20 | Standard Chartered | 38 | 1.17 | 1.2 | 10.5 | 13.6 | 3.6 | 86 640 |
Source: Datastream, Exane BNP Paribas, April 2014
United States (in €bn) | ||||||||
Group | Market Capitalisation | Beta | Price to bookratio(PBR) 2013 | P/E ratio 2014 | Revenues orNet Banking Income 2013 | Net income 2013 | Headcount 2013 | |
1 | Apple | 356 | 0.87 | 4.2 | 13.0 | 123.5 | 26.8 | 80 300 |
2 | Exxon Mobil | 313 | 0.89 | 2.5 | 13.3 | 316.7 | 23.5 | 75 000 |
3 | 253 | 0.97 | 4.0 | 19.6 | 43.2 | 10.7 | 47 756 | |
4 | Microsoft | 238 | 0.85 | 4.2 | 14.8 | 56.3 | 16.3 | 99 000 |
5 | Berkshire Hathaway | 227 | 0.75 | 1.4 | 19.5 | 131.6 | 10.9 | 302 000 |
6 | Johnson & Johnson | 204 | 0.68 | 2.7 | 17.0 | 51.5 | 11.5 | 128 100 |
7 | General Electric | 193 | 1.09 | 2.0 | 15.7 | 105.5 | 12.2 | 307 000 |
8 | Wells Fargo & Co | 187 | 1.07 | 1.7 | 12.0 | 60.5 | 15.1 | 264 900 |
9 | Wal Mart | 183 | 0.54 | 3.1 | 14.8 | 344.2 | 0.0 | 2 200 000 |
10 | Chevron | 171 | 0.98 | 1.6 | 11.4 | 165.4 | 15.5 | 64 600 |
11 | Procter & Gamble | 159 | 0.53 | 3.2 | 19.3 | 60.8 | 0.0 | 121 000 |
12 | JP Morgan Chase | 152 | 1.42 | 1.0 | 10.0 | 72.1 | 12.0 | 251 196 |
13 | International Bus Mchs | 143 | 0.85 | 9.0 | 10.6 | 72.1 | 13.0 | 431 212 |
14 | Pfizer | 142 | 0.73 | 1.9 | 13.8 | 37.2 | 11.0 | 77 700 |
15 | Verizon Communications | 137 | 0.66 | 3.4 | 12.9 | 87.1 | 0.0 | 176 800 |
16 | Coca Cola | 130 | 0.77 | 5.4 | 19.6 | 33.9 | 6.8 | 130 600 |
17 | AT&T | 129 | 0.63 | 2.0 | 12.8 | 93.0 | 0.0 | 243 000 |
18 | Oracle | 127 | 1.22 | 4.1 | 13.6 | 26.9 | 9.4 | 110 000 |
19 | Bank of America | 122 | 1.62 | 0.8 | 16.8 | 64.3 | 7.3 | 251 000 |
20 | Merck | 122 | 0.46 | nm | 16.6 | 31.8 | 7.5 | 95 000 |
Source: Datastream, Exane BNP Paribas, April 2014
3.149.214.37