Top 100 richest companies in Romania

Petrom, BCR and Orange are, in this order, the most valuable Romanian companies, as shown by the “Top 100 most valuable companies in Romania” yearbook, published by ZIARUL FINANCIAR, which comes out today. Petrom was valued at 8.97 billion euros, BCR at 6.07 billion euros and Orange at 4.81 billion euros. Vodafone comes next, 4.33 billion euros, followed by BRD – 3.57 billion euros.
The ranking was put together by taking into account the market capitalisation in the case of the listed companies and the financial results of the last few years for the companies that are not listed, the debts, the market share and, more importantly, the value of the transactions on their respective business segment lately. The data processed was that for 2005, and the market capitalisation was calculated based on the quotes on the Bucharest Stock Exchange on the last day of September.
The selection of the 100 top companies was made by analysing data about more than 250 companies, the biggest in Romania. Sixty of the 100 companies are held by foreign investors. Out of the remaining 40, half are held by the state and half are private Romanian-held companies.
The most valuable state-owned company is Hidroelectrica, valued at 2.70 billion euros and the most valuable Romanian-held company is Banca Transilvania, worth 1.16 billion euros.
The other most valuable assets of the state include Romgaz, appraised at 2.29 billion euros, the Henri Coanda Airport – 830 million euros and the Romanian Lottery – 300 million euros. The state still owns 16 billion euros’ worth of companies.
The most important of all are the evaluations of the companies not listed on the Bucharest Stock Exchange.
Mittal Steel Galati (Sidex) was evaluated at 1.12 billion euros, Automobile Dacia is worth 688 million euros, Coca-Cola CCHBC – 659 million euros and Carrefour’s value is put at 312 million euros.
The most valuable Romanian-held companies include Rompetrol Rafinare – 545 million euros and telecommunications company RCS & RDS, which was evaluated at 481 million euros. There are also Arabesque (construction supplies distributor) – 139 million euros and the home appliances retailer Altex, 141 million euros.
A quarter of the 100 most valuable companies operate in the energy sector, 18 operate in the services sector, 18 are industrial companies and 15 are banks.
All in all, the top 100 most valuable companies are worth 75 billion euros together. As a comparison, Google’s market value is 115 billion euros, while the most valuable company in the world, Exxon is evaluated at 340 billion euros.
The most valuable companies received awards at the ZIARUL FINANCIAR Gala last night. The special guest of this gala was Roland Berger, the founder of the management consultancy company Roland Berger.
The ranking was put together in partnership with Capital Partners investment firm.