Inditex and Banco Santander are the only Spanish companies that appear amongst the top 100 world’s major listed companies whose market capitalisation levels have beaten those previous to the crisis. The ranking has been publsihed by PwC.
The textile giant from Galicia, which five years ago could not make its way into the list of the 150 biggest listed firms, has passed through to position 77, after increasing its value in terms of capitalisation from $35 million in March of 2008 to $83 million in five years. Regarding Santander, it remains in the ranking despite losing 56 positions during the economic crisis and taking the 98 position in 2013 with a market capitalisation of $71 million against $125 million in 2008, when the Spanish bank was in 42 position.
Four Spanish companies appeared in this Top 100 major listed companies ranking in 2008, which jointly reached a market value of $422 million and made the country number nine amongst all the world economies including companies in that list. However, Spain only holds two companies among the first hundred since 2009, so that it dropped to a 14 position in 2013 with a stock capitalisation of €153 million.
According to the report, the one hundred biggest listed names in the world had a market value of $13.5 billion in March 2008, while they have now reached $13.6 five years later. PwC believes that year 2009 was the worst moment in the crisis for these companies, since their price fell to $8.4 billion.
Technological and large-scale consumer companies are the ones that managed to increase their stock value by 35% and 383%, respectively.
In Rocío Fernández’s opinion, asociate responsible for Capital Markets at PwC, “conclusions from the report suggest that companies which have bet strongly on innovation as well as those which have been able to make the most of emerging countries middle class growth are the ones recording the highest increases in their market capitalisation and consequently leading their segments”.