Mexico's top 100 companies: Mexico's bluechips survive a difficult year.Much has happened since our last ranking of Mexico's top 100 companies. While that review followed a healthy year of economic growth and low inflation, 2001 was a difficult year for Mexican Mexican named after or originating in Mexico. Mexican axolotl see ambystomamexicanum. Mexican beaded lizard (Heloderma horridum businesses. The U.S. and Mexican economies suffered from a significant slowdown For articles with similar titles, see Slow Down (disambiguation). A slowdown is an industrial action in which employees perform their duties but seek to reduce productivity or efficiency in their performance of these duties. in 2001. Problems began in the U.S. manufacturing sector, particularly in the automobile automobile, self-propelled vehicle used for travel on land. The term is commonly applied to a four-wheeled vehicle designed to carry two to six passengers and a limited amount of cargo, as contrasted with a truck, which is designed primarily for the transportation of sector, and then spread south as a result of the two countries' strong productive inter-reliance. If that were not enough, the Sept. 11 terrorist attacks further hurt the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. economy, as securities markets and airlines closed for various days, leading to an adverse business climate throughout the world economy. Still, the Federal Reserve came to the rescue, reducing interest rates from a high of 6.50% in May 2000 to a low of 1.75% in December December: see month. 2001. This move helped break the economic fall, with U.S. gross domestic product (GDP GDP (guanosine diphosphate): see guanine. ) shrinking only in the third quarter of the year, followed by a slight recovery in the fourth, to reach a robust annual growth rate of 5.8% by the first quarter of 2002. The main factor contributing to the productive recovery was that of consumer spending--a key GDP component--which reacted positively to price cuts and seasonal sales promotions, above all in the automobile and housing sector. In the first case, consumers were offered zero-interest financing deals on the purchase of new cars. In the second case, the reduction in mortgage interest rates supported refinancing Refinancing An extension and/or increase in amount of existing debt. and the purchase of new homes. It was clear that unlike in other economic crises, consumer spending Consumer demand or consumption is also known as personal consumption expenditure. It is the largest part of aggregate demand or effective demand at the macroeconomic level. remained alive and well. The only negative aspect that has continued until the present is unemployment, reaching a record level of 6% in April. Economists This is an alphabetical list of notable economists. Economists are experts in the science of economics. There is also a list of politicians and statesmen with economic training. say it's it's 1. Contraction of it is. 2. Contraction of it has. See Usage Note at its. it's it is or it has it's be ~have normal to see a lag between an economic recovery and a pickup Pickup A gain in yield made by selling one bond and buying another. Also referred to as "yield pickup." Notes: When the present yield is relatively low compared to the longer-term yields, pickups will be done by investors trying to increase the yield and duration of their in employment. Still, a quick jump in employment would help confirm that the economy is truly on the road to better days. The economic situation in Mexico Mexico, city, Mexico Mexico or Mexico City, Span. Ciudad de México (Méjico), city (1990 pop. 8,236,960; 1991 met. area est. 20,899,000), central Mexico, capital and largest city of Mexico. was worsened by the strong slowdown in the manufacturing sector, exacerbated by the strength of the peso. As well, the weakness in the manufacturing sector impacted on internal spending, following increased job losses, particularly in the northern region of the country where maquiladoras maquiladoras (mäkē'lädō`räs), Mexican assembly plants that manufacture finished goods for export to the United States. The maquiladoras are generally owned by non-Mexican corporations. were suffering heavily. As a result, the Mexican economy declined by an annual rate of 1.6% in the fourth quarter of the year, and 2.0% in the first quarter of 2002. Still, financial authorities say employment is already beginning to recover, and that the economy is already showing signs of growth. As well, Banco de Mexico (Banxico) recently has begun to loosen monetary policy, which has somewhat helped to lower the value of the peso. BIG PLAYERS SHINE SHINE Serving the Health Information Needs of Elders (Massachusetts) SHINE Serving Health Insurance Needs of Elders (Department of Elder Affairs, Florida) SHiNE Seeking Harmony in Neighborhoods Everyday Our ranking indicates that some companies--particularly larger ones--came out of the economic crisis stonger. In fact, the main news in this year's ranking is that Telefonos de Mexico (Telmex) obtained the highest number of points (545), representing 9% of the total points available. The telephone company surpassed its holding company Carso Global Telecom Carso Global Telecom is a conglomerate of companies formed in 1996 after separating all telecommunication-related companies from Grupo Carso. This company does not have any employees as it is only a holder of stocks of companies such as Telmex, Telcel and América Móvil. , which was last year's winner. The explanation is that Telmex was the largest company in terms of sales Terms of sale Conditions under which a firm proposes to sell its goods or services for cash or credit. , EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become and market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. , and remained one of the largest when measured with other indicators. Furthermore, we note that there is a significant concentration in terms of size/points. The 10 highest ranked companies captured 52% of the points available. By sectors, the most important one was telecom (22% of total), followed by food and beverages F&B is a common abbreviation in the United States and Commonwealth countries, including Hong Kong. F&B is typically the widely accepted abbreviation for "Food and Beverage," which is the sector/industry that specializes in the conceptualization, the making of, and delivery of foods. (10%), construction (7%), conglomerates A Conglomerate is the term used to describe a large corporation that consists of diverse divisions. Conglomerate companies tend to be large multinational corporations with operations in multiple regions of the world. (7%), and retail (5%). This breakdown breakdown /break·down/ (brak´doun) 1. the act or process of ceasing to function. 2. an often sudden collapse in health. 3. loss of self-control. is fairly similar to the one of the Mexican Stock Exchange's (MSE MSE Mouse (computer) MSE Materials Science & Engineering MSE Mean Squared Error MSE Mean Square Error MSE Master of Science in Engineering MSE Manufacturing Systems Engineering MSE Mechanically Stabilized Earth ) benchmark A performance test of hardware and/or software. There are various programs that very accurately test the raw power of a single machine, the interaction in a single client/server system (one server/multiple clients) and the transactions per second in a transaction processing system. IPC (1) (InterProcess Communication) The exchange of data between one program and another either within the same computer or over a network. It implies a protocol that guarantees a response to a request. index, which is based on market capitalization and stock liquidity. CHANGES TO OUR METHODOLOGY We continue to base our analysis on a ranking system that compares total assets, stockholder's equity Stockholder's equity The residual claims that stockholders have against a firm's assets, calculated by subtracting all current liabilities and debt liabilities from total assets. , total sales, EBITDA, number of employees and market capitalization. For each indicator Indicator Anything used to predict future financial or economic trends. Notes: In the context of technical analysis, an indicator is a mathematical calculation based on a securities price and/or volume. The result is used to predict future prices. , a company can earn a maximum of 100 points, which means that the highest level of possible points is 600. The main change compared to last year's report is that we are now using EBITDA instead of operating profits Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. , given that we believe that this is a more efficient way to measure the profitability of the different companies included in our sample. On the other hand, we are not including the banking sector in our report due to the lack of comparable information in terms of EBLTDA. In addition, we took out some of the construction companies from our list (Tribasa, GMD (company) GMD - Full name: "GMD - Forschungszentrum Informationstechnik GmbH" (German National Research Center for Information Technology). Before April 1995, GMD stood for "Gesellschaft für Mathematik und Datenverarbeitung" - National Research Center for Computer Science, and Iconsa) either because they generated a negative EBITDA or because they have been suspended sus·pend v. sus·pend·ed, sus·pend·ing, sus·pends v.tr. 1. To bar for a period from a privilege, office, or position, usually as a punishment: suspend a student from school. from the MSE. Business by Sector Telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. Telmex is the highest ranked company in our sample and in the telecommunications sector. The explanation is very simple: the company enjoys an enviable en·vi·a·ble adj. So desirable as to arouse envy: "the enviable English quality of being able to be mute without unrest" Henry James. leading market position, generates very high margins, has the capacity to grow even under an adverse economic environment and enjoys a rock-solid financial structure. The clear proof is that the company managed to expand by 10% in terms of phone lines in service (around 1.3 million more), but only by 1% in real pesos in terms of EBITDA due to the lack of price increases over the year. However, this performance can be considered strong if we take into account the aforementioned a·fore·men·tioned adj. Mentioned previously. n. The one or ones mentioned previously. aforementioned Adjective mentioned before Adj. 1. economic weakness. Carso Global Telecom fell to second place in our sample due mainly to the change in the market capitalization. The company was trading at a premium to net asset value at the end of 2000, but at a discount by the end of 2001. America America [for Amerigo Vespucci], the lands of the Western Hemisphere—North America, Central (or Middle) America, and South America. The world map published in 1507 by Martin Waldseemüller is the first known cartographic use of the name. Movil was the new appearance in our list. This company was originally part of Telmex, but was spun-off at the beginning of the year. It holds the wireless assets of Carlos Carlos, prince of the Asturias Carlos, 1545–68, prince of the Asturias, son of Philip II of Spain and Maria of Portugal. Don Carlos, who seems to have been mentally unbalanced and subject to fits of homicidal mania, was imprisoned by his father in Slim's business empire, the most important of which is Telcel Telcel is Mexico's largest mobile phone carrier, owned by América Móvil. Founded in 1989 and based in Mexico City, Telcel is the leading provider of wireless communications services in Mexico. , the leading cellular operator in Mexico. America Movil also has significant assets in Brazil Brazil (brəzĭl`), Port. Brasil, officially Federative Republic of Brazil, republic (2005 est. pop. 186,113,000), 3,286,470 sq mi (8,511,965 sq km), E South America. , in association with SBC (1) (SBC Communications Inc., San Antonio, TX, www.sbc.com) A large, national telecommunications company that grew from a multitude of local and regional companies, including Southwestern Bell, Pacific Bell and Nevada Bell, into a single, unified brand by 2002. and BCI BCI Bat Conservation International BCI Brain-Computer Interface BCI Business Continuity Institute BCI Business Cycle Indicators BCI Banco de Credito e Inversiones (Chilean bank) BCI Bell Canada International . Retail Wal-Mart  Editing of this page by unregistered or newly registered users is currently disabled due to vandalism. de Mexico continued to lead the retail sector, taking
advantage of the difficult economic situation to increase market share.
The company maintained its aggressive all-year low-price policy, which
paid off with solid same-store sales Same-store sales is a business term which refers to the revenue generated by one of a retail chain's specific outlets during a certain period of time (often a fiscal quarter or a particular shopping season), compared to an identical period in the past, usually in the previous year. . As well, the company continued
with significant expansions of sales space.
Surprisingly, second and third place on the list were taken by Soriana Organización Soriana is a grocery and department store retail chain corporation headquartered in Monterrey, Nuevo León, Mexico. The company is 100% capitalized in Mexico and is publicly traded on the Mexican stock exchange the Bolsa Mexicana de Valores, since 1987 under the symbol: and Gigante, respectively, beating out Grupo Sanborns Grupo Sanborns is a large retail, pharmacy and department store chain located in Mexico. Few Mexican companies are as steeped in history as Sanborn Hermanos, owners of Sanborns pharmacy. , which had trouble weathering the economic crisis due to its high participation in the U.S. market through CompUSA CompUSA, Inc. is a retailer and reseller of consumer electronics, technology products and computer services. CompUSA serves consumer retail, small-to-medium businesses, corporate, government and education customers. . In fact, CompUSA had to receive a capital injection from its main shareholders, Grupo Sanborns and America Movil, and had to sell off some non-strategic assets. Media The Mexican advertising market was affected by low demand from national clients and most multinational multinational Of, relating to, or being a company with subsidiaries or other operations in a number of countries. The diversity of operations of such companies subjects them to unique risks (for example, exchange rate changes or government nationalization) clients. In order to reduce the effects of the slowdown, the two television broadcasters implemented cost-cutting measures. Still, TV Azteca TV Azteca is the second largest Mexican television network. It was established in 1968 as the state-owned Instituto Mexicano de la Televisión ("Imevisión"), and was privatized under its current name in 1993. Its flagship program is the newscast Hechos. was more successful, since its cost structure is lighter and more flexible than Televisa's. However, Televisa For the article on the defunct Venezuelan television channel, see Televisa Venezuela. Televisa is the largest media company in the Spanish-speaking world[1], followed by TV Azteca, and a major player in the international entertainment business. continued to take the top spot in the media sector, mainly because the company's market capitalization was five times the size of TV Azteca's at the end of last year. Conglomerates Last year continued to be a difficult one for conglomerates, due mainly to weakness in international commodity prices and the continued strength of the peso. However, the significant reduction in gas prices and a supporting sales scheme from Petroleos Mexicanos provided some relief to one of the worst hit sectors in our study. Grupo Carso Grupo Carso is a conglomerate of companies owned by the Mexican tycoon Carlos Slim. It was formed in 1990 after the merge of Corporación Industrial Carso and Grupo Inbursa. The name Carso stands for Carlos Slim and Soumaya Domit de Slim †, wife of Slim. maintained the leading position in the sector due mainly to its large and diverse subsidiaries, which now included a full year of operations with CompUSA. Alfa Al´fa n. 1. A plant (Macrochloa tenacissima) of North Africa; also, its fiber, used in paper making. maintained the second position despite continuous problems in its steel subsidiary. Food Bimbo registered a light increase in sales in 2001, mainly as a result of higher prices and acquisitions in Central and South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. . Still, despite the implementation of several initiatives designed to improve operating efficiency, the company closed 2001. with a 2.0% decline in EBITDA. Regardless of its weak performance, Bimbo managed to maintain the top position in our food category, mainly because of its high market capitalization, which was almost seven times larger than No. 2 company Gruma Gruma SAB de CV (NYSE: GMK, BMV: Gruma) is the largest manufacturer of corn flour and tortillas in the world[1]. Its brand names include Maseca, Mission (or Misión, in Mexico), and Guerrero. Founded in 1949 as "Molinos Azteca, S.A. . During 2002, Bimbo has continued with its strategy of geographic geographic /geo·graph·ic/ (je?o-graf´ik) in pathology, of or referring to a pattern that is well demarcated, resembling outlines on a map. geographic pertaining to geography. diversification Diversification A risk management technique that mixes a wide variety of investments within a portfolio. It is designed to minimize the impact of any one security on overall portfolio performance. Notes: Diversification is possibly the greatest way to reduce the risk. with its acquisition of George Weston George Weston (March 23, 1864 - April 6, 1924) was an American-born businessman in Canada and a municipal politician in the city of Toronto, Ontario. Born in Oswego, New York, he was a small boy when his family moved to Canada, settling in the city of Toronto. Ltd. for US$610 million. Although that deal wasn't was·n't Contraction of was not. wasn't was not wasn't be well received by analysts, Bimbo will probably continue to lead the sector throughout the year. Gruma continued to be relegated to second place, despite impressive operating performance--with a 25% annual increase in EBITDA--and the sale of some non-strategic assets to Bimbo for US$70 million. Beverages Grupo Modelo Grupo Modelo is a large brewery in Mexico. It maintains a large part of the Mexican beer export market and produces top-selling imported beer in the United Kingdom, United States and Canada. and Femsa remained the best ranked in the beverage sector, mainly as a result of their high market capitalization and high EBLTDA levels. In fact, these two companies occupied oc·cu·py tr.v. oc·cu·pied, oc·cu·py·ing, oc·cu·pies 1. To fill up (time or space): a lecture that occupied three hours. 2. To dwell or reside in. 3. eighth and ninth place in the overall ranking. The companies benefited from several factors in their beer operations: stability in the domestic market, which grew by close to 1% despite the economic slowdown; domestic price increases higher than inflation; and growth in export volumes by some 17% for Grupo Modelo and 7% for Femsa. Still, both companies saw different results in terms of cost structure. On one hand, Grupo Modelo was affected by a higher proportion of export sales (with lower margins), and increased advertising spending. As a result, EBITDA increased by only 1% in 2001. On the other hand, Femsa was able to complete a successful restructure of its Coca-Cola Femsa Coca-Cola FEMSA is the anchor bottler of Coca-Cola and its related soft drink products in much of Latin America. The company is an important part of the Coca-Cola System. Specifically, Coca-Cola FEMSA distributes about 10% of the worldwide production of Coca-Cola products. division, leading to an impressive 8% spurt spurt Vox populi A surge or abrupt ↑ in the size or speed of a thing. See Fat spurt, Growth spurt. in EBITDA. Grupo Modelo and Femsa can both be expected to dominate this sector throughout the year. Construction The construction sector had a weak performance in 2001 mainly due to reduced internal demand and some uncertainty related to the entrance of the new government. As a result, the Mexican cement cement, binding material used in construction and engineering, often called hydraulic cement, typically made by heating a mixture of limestone and clay until it almost fuses and then grinding it to a fine powder. market saw a 6% reduction in demand and large infrastructure projects were scarce. The housing sector managed to avoid this negative environment mainly due to still high pent-up pent-up adj. Not given expression; repressed: pent-up emotions. pent-up Adjective not released; repressed: demand. Despite the adverse circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or in the cement sector, Cemex managed to report an 18% increase in total volume in 2001, as it consolidated con·sol·i·date v. con·sol·i·dat·ed, con·sol·i·dat·ing, con·sol·i·dates v.tr. 1. To unite into one system or whole; combine: Southdown's operations over a full year (versus only one or two months in 2000). A very large market capitalization, an EBITDA generation of more than US$2 billion (with an impressive free cash flow slightly above US$1.1 billion) and debt reduction of around US$1 billion, helped the company to maintain it first position in this year's construction list. For 2002, the company expects to have stable volumes with a 10% increase in U.S. dollar free cash generation, excluding acquisitions. This means that Cemex is highly likely to remain in first place in next year's ranking of the construction sector. Second and third place companies Apasco and ICA Ica (ē`kä), city (1993 pop. 108,724), capital of Ica dept., SW Peru, on the Pan-American Highway. It is a commercial center for the cotton, wool, and wine produced in the region. There are several summer resorts nearby. were affected by slow demand. The first company saw a 6% reduction in annual shipments, which led to a sizable siz·a·ble also size·a·ble adj. Of considerable size; fairly large. siz  a·ble·ness n. 19% decline in EBITDA in real peso terms over the
year. The second company registered a 55% real decline in EBITDA. For
this year we anticipate Apasco will be the only one to achieve improved
results due mainly to the economic recovery, which calls for an increase
of between 1% and 2% in domestic volume, which should boost its
operating cash flow Operating cash flowEarnings before depreciation minus taxes. Measures the cash generated from operations, not counting capital spending or working capital requirements. by 4%. For ICA, we anticipate continuous operating weakness due to the delay in large infrastructure projects. As a matter of fact, Moody's Moody's Corporation (NYSE: MCO) is the holding company for Moody's Investors Service which performs financial research and analysis on commercial and government entities. The company also ranks the credit-worthiness of borrowers using a standardized ratings scale. debt rating agency recently downgraded the construction company's rating. We thus believe that ICA could have a hard time maintaining its position in the sector's list.
The Business Mexico
RANKING COMPANY STOCK SYMBOL
1 Telefonos de Mexico Telmex
2 Carso Global Telecom Telecom
3 Cemex Cemex
4 Wal-Mart de Mexico Walmex
5 America Movil Amx
6 Grupo Carso GCarso
7 Grupo Modelo Gmodelo
8 Fomento Economico Mexicano Femsa
9 Grupo Alfa Alfa
10 Grupo Bimbo Bimbo
11 Grupo Mexico Gmexico
12 Grupo Televisa Televisa
13 Grupo Soriana Soriana
14 Grupo Vitro Vitro
15 Grupo Gigante Gigante
16 Controladora Comercial Mexicana Comerci
17 Grupo Imsa Imsa
18 Grupo Sanborns Gsanborn
19 Desc Desc
20 Kimberly-Clark de Mexico Kimber
21 El Puerto de Liverpool Livepol
22 Cintra Cintra
23 Coca-Cola Femsa KOF
24 Gruma Gruma
25 Grupo Elektra Elektra
26 Transportacion Maritima Mexicana Tmm
27 Pepsi-Gemex PepsiGX
28 Embotelladoras Arca Arca
29 Industrias Bachoco Bachoco
30 Hylsamex Hylsamex
31 Apasco Apasco
32 Grupo Continental Contal
33 Grupo Industrial Durango Codusa
34 Savia Savia
35 Industria Penoles Penoles
36 Empresas ICA ICA
37 TV Azteca TVAzteca
38 Corporacion Interamericana Cie
de Entretenimiento
39 Iusacell Cel
40 Grupo Industrial Saltillo Gissa
41 Tubos de Acero de Mexico Tamsa
42 Grupo Casa Saba Saba
43 Grupo Palacio de Hierro GPH
44 Cydsa Cydsasa
45 Nadro Nadro
46 Grupo Aeropuerto del Sureste Asur
47 Grupo Corvi GCorvi
48 Corporacion Geo Geo
49 Grupo Posadas Posadas
50 Consorcio Ara Ara
51 Grupo Industrial Maseca Maseca
52 Sanluis Corporacion Sanluis
53 Industrial CH ICH
54 Far-Ben Bevides
55 Grupo Cementos Chihuahua Gcc
56 Grupo Herdez Herdez
57 Unefon Unefon
58 Corporativa Fragua Fragua
59 Corporacion Moctezuma Cmoctez
60 Grupo Embotelladoras Unidas Geupec
61 Alsea Alsea
62 Grupo Industrial Camesa Camesa
63 Jugos del Valle Valle
64 Grupo la Moderna GModern
65 International de Ceramica Ceramic
66 Grupo Simec Simec
67 Grupo Situr Situr
68 Grupo Lamosa Lamosa
69 Corporacion Mexicana de Restaurantes Wings
70 Accel Accelsa
71 Grupo Bafar Bafar
72 Grupo Minsa Minsa
73 Grupe Cidmega
74 Compania Minera Autlan Autlan
75 G. Accion Gaccion
76 Grupo Marti Gmarti
77 Maquinaria Diesel Madisa
78 G Collado Collado
79 Grupo Radio Centro RCentro
80 Dermet de Mexico Dermet
81 Grupo Dataflux Dataflx
82 Medica Sur Medica
83 Edorados Martin Edoardo
84 Consorcio Aristos Aristos
85 Controladora de Farmacias Cofar
86 Grupo Covarra Covarra
87 Latinoaricana Duty Free Duty
88 Empaques Ponderosa Empaq
89 Grupo Comercial Gomo Gomo
90 Corsorcio Hogar Hogar
91 Convertidora Industrial Conver
92 Grupo Dixon Dixon
93 ECE Ece
94 Hilasal Mexicana Hilasal
95 Ekco Ekco
96 Industria Automotriz Iasasa
97 Mairzoro Maizoro
98 Grupo Mac Ma GMacma
99 Biper Movila
100 Agro Industrial Exportadora Agriexp
RANKING COMPANY TOTAL ASSETS S. EQUITY
1 Telefonos de Mexico 156,911 50,762
2 Carso Global Telecom 160,436 42,470
3 Cemex 148,831 74,754
4 Wal-Mart de Mexico 52,272 32,848
5 America Movil 96,271 58,684
6 Grupo Carso 64,589 24,672
7 Grupo Modelo 51,778 41,253
8 Fomento Economico Mexicano 48,263 28,596
9 Grupo Alfa 67,197 23,070
10 Grupo Bimbo 22,331 12,572
11 Grupo Mexico 78,952 30,930
12 Grupo Televisa 48,151 18,729
13 Grupo Soriana 19,977 11,292
14 Grupo Vitro 31,347 8,867
15 Grupo Gigante 19,513 11,419
16 Controladora Comercial Mexicana 21,178 10,826
17 Grupo Imsa 27,802 12,311
18 Grupo Sanborns 19,994 5,815
19 Desc 27,495 11,998
20 Kimberly-Clark de Mexico 22,062 11,553
21 El Puerto de Liverpool 18,457 10,343
22 Cintra 18,014 5,031
23 Coca-Cola Femsa 13,831 7,475
24 Gruma 20,615 11,356
25 Grupo Elektra 15,358 6,082
26 Transportacion Maritima Mexicana 26,192 11,622
27 Pepsi-Gemex 10,579 4,666
28 Embotelladoras Arca 12,306 7,415
29 Industrias Bachoco 10,528 7,899
30 Hylsamex 26,549 8,641
31 Apasco 16,991 9,985
32 Grupo Continental 7,778 5,836
33 Grupo Industrial Durango 19,695 7,227
34 Savia 14,943 8,743
35 Industria Penoles 17,031 8,483
36 Empresas ICA 17,298 5,007
37 TV Azteca 20,336 5,466
38 Corporacion Interamericana 11,807 6,448
de Entretenimiento
39 Iusacell 16,572 7,163
40 Grupo Industrial Saltillo 7,962 4,513
41 Tubos de Acero de Mexico 11,860 7,177
42 Grupo Casa Saba 6,712 2,624
43 Grupo Palacio de Hierro 9,051 4,696
44 Cydsa 10,026 3,938
45 Nadro 5,964 2,249
46 Grupo Aeropuerto del Sureste 11,125 10,671
47 Grupo Corvi 4,382 1,290
48 Corporacion Geo 5,916 2,377
49 Grupo Posadas 8,961 3,651
50 Consorcio Ara 4,739 3,082
51 Grupo Industrial Maseca 6,383 5,061
52 Sanluis Corporacion 8,213 1,498
53 Industrial CH 8,179 5,454
54 Far-Ben 2,530 878
55 Grupo Cementos Chihuahua 7,618 3,694
56 Grupo Herdez 3,848 1,898
57 Unefon 8,674 3,150
58 Corporativa Fragua 2,104 935
59 Corporacion Moctezuma 4,506 3,536
60 Grupo Embotelladoras Unidas 2,223 1,520
61 Alsea 1,396 920
62 Grupo Industrial Camesa 3,913 2,604
63 Jugos del Valle 3,149 1,493
64 Grupo la Moderna 3,043 2,163
65 International de Ceramica 2,667 934
66 Grupo Simec 4,622 2,776
67 Grupo Situr 5,878 1,423
68 Grupo Lamosa 3,069 1,245
69 Corporacion Mexicana de Restaurantes 1,314 907
70 Accel 2,397 1,434
71 Grupo Bafar 1,095 649
72 Grupo Minsa 2,530 1,454
73 Grupe 2,680 1,701
74 Compania Minera Autlan 3,134 1,413
75 G. Accion 4,455 1,601
76 Grupo Marti 1,294 819
77 Maquinaria Diesel 1,742 541
78 G Collado 1,621 553
79 Grupo Radio Centro 1,728 1,096
80 Dermet de Mexico 1,621 523
81 Grupo Dataflux 928 591
82 Medica Sur 990 546
83 Edorados Martin 612 417
84 Consorcio Aristos 1,233 1,180
85 Controladora de Farmacias 368 170
86 Grupo Covarra 1,137 103
87 Latinoaricana Duty Free 763 318
88 Empaques Ponderosa 1,836 1,130
89 Grupo Comercial Gomo 1,077 532
90 Corsorcio Hogar 1,294 328
91 Convertidora Industrial 485 257
92 Grupo Dixon 317 202
93 ECE 669 6
94 Hilasal Mexicana 585 274
95 Ekco 377 244
96 Industria Automotriz 1,000 467
97 Mairzoro 459 242
98 Grupo Mac Ma 327 185
99 Biper 462 269
100 Agro Industrial Exportadora 198 97
RANKING COMPANY TOTAL SALES EBITDA
1 Telefonos de Mexico 110,967 59,850
2 Carso Global Telecom 111,037 59,921
3 Cemex 63,487 22,431
4 Wal-Mart de Mexico 88,541 6,806
5 America Movil 41,364 10,551
6 Grupo Carso 51,376 9,807
7 Grupo Modelo 32,169 9,495
8 Fomento Economico Mexicano 49,877 11,474
9 Grupo Alfa 44,491 6,350
10 Grupo Bimbo 33,855 4,783
11 Grupo Mexico 27,650 3,421
12 Grupo Televisa 19,665 5,578
13 Grupo Soriana 28,728 2,361
14 Grupo Vitro 28,190 4,653
15 Grupo Gigante 29,626 1,635
16 Controladora Comercial Mexicana 33,063 1,711
17 Grupo Imsa 21,070 2,967
18 Grupo Sanborns 16,595 3,318
19 Desc 20,639 2,945
20 Kimberly-Clark de Mexico 15,634 5,817
21 El Puerto de Liverpool 18,290 2,490
22 Cintra 28,574 1,368
23 Coca-Cola Femsa 17,504 4,559
24 Gruma 17,820 1,700
25 Grupo Elektra 15,608 2,566
26 Transportacion Maritima Mexicana 9,179 2,754
27 Pepsi-Gemex 11,093 1,786
28 Embotelladoras Arca 6,937 1,773
29 Industrias Bachoco 9,652 1,572
30 Hylsamex 11,524 1,473
31 Apasco 9,115 3,219
32 Grupo Continental 9,298 2,107
33 Grupo Industrial Durango 9,632 1,437
34 Savia 6,441 5,224
35 Industria Penoles 9,995 1,428
36 Empresas ICA 9,130 424
37 TV Azteca 5,793 2,551
38 Corporacion Interamericana 5,030 1,181
de Entretenimiento
39 Iusacell 6,241 2,562
40 Grupo Industrial Saltillo 6,747 1,559
41 Tubos de Acero de Mexico 6,527 1,834
42 Grupo Casa Saba 16,237 735
43 Grupo Palacio de Hierro 5,744 822
44 Cydsa 6,347 552
45 Nadro 16,317 549
46 Grupo Aeropuerto del Sureste 1,164 680
47 Grupo Corvi 12,999 346
48 Corporacion Geo 4,710 794
49 Grupo Posadas 3,560 919
50 Consorcio Ara 3,831 837
51 Grupo Industrial Maseca 4,680 776
52 Sanluis Corporacion 4,750 678
53 Industrial CH 3,336 546
54 Far-Ben 5,072 129
55 Grupo Cementos Chihuahua 3,461 1,170
56 Grupo Herdez 3,919 529
57 Unefon 1,462 -367
58 Corporativa Fragua 4,788 253
59 Corporacion Moctezuma 2,283 1,216
60 Grupo Embotelladoras Unidas 2,659 429
61 Alsea 2,345 318
62 Grupo Industrial Camesa 3,140 506
63 Jugos del Valle 3,517 330
64 Grupo la Moderna 2,251 416
65 International de Ceramica 2,706 438
66 Grupo Simec 1,903 312
67 Grupo Situr 3,456 -406
68 Grupo Lamosa 2,173 401
69 Corporacion Mexicana de Restaurantes 993 136
70 Accel 1,9847 -34
71 Grupo Bafar 1,813 198
72 Grupo Minsa 1,752 125
73 Grupe 516 159
74 Compania Minera Autlan 865 8
75 G. Accion 699 355
76 Grupo Marti 1,336 133
77 Maquinaria Diesel 2,008 110
78 G Collado 1,926 105
79 Grupo Radio Centro 710 203
80 Dermet de Mexico 2,119 55
81 Grupo Dataflux 865 57
82 Medica Sur 690 215
83 Edorados Martin 681 62
84 Consorcio Aristos 47 14
85 Controladora de Farmacias 1,191 36
86 Grupo Covarra 591 -73
87 Latinoaricana Duty Free 882 213
88 Empaques Ponderosa 2 -5
89 Grupo Comercial Gomo 1,436 83
90 Corsorcio Hogar 183 -140
91 Convertidora Industrial 287 50
92 Grupo Dixon 306 42
93 ECE 459 -2
94 Hilasal Mexicana 434 104
95 Ekco 307 47
96 Industria Automotriz 400 22
97 Mairzoro 568 47
98 Grupo Mac Ma 179 10
99 Biper 142 -46
100 Agro Industrial Exportadora 107 -23
RANKING COMPANY EMPLOYEES * MKT. CAP
1 Telefonos de Mexico 67,550 223,039
2 Carso Global Telecom 67,550 78,151
3 Cemex 25,919 202,106
4 Wal-Mart de Mexico 84,607 111,715
5 America Movil 13,290 123,484
6 Grupo Carso 67,943 27,935
7 Grupo Modelo 48,445 66,694
8 Fomento Economico Mexicano 41,500 33,782
9 Grupo Alfa 33,820 6,138
10 Grupo Bimbo 67,070 25,731
11 Grupo Mexico 23,769 5,865
12 Grupo Televisa 13,684 61,348
13 Grupo Soriana 35,659 14,850
14 Grupo Vitro 33,378 2,776
15 Grupo Gigante 35,959 10,845
16 Controladora Comercial Mexicana 31,955 7,711
17 Grupo Imsa 15,885 27,307
18 Grupo Sanborns 34,427 15,765
19 Desc 19,344 6,654
20 Kimberly-Clark de Mexico 7,709 37,213
21 El Puerto de Liverpool 19,432 18,120
22 Cintra 20,181 5,481
23 Coca-Cola Femsa 14,542 26,234
24 Gruma 14,523 3,720
25 Grupo Elektra 18,235 7,134
26 Transportacion Maritima Mexicana 10,213 5,309
27 Pepsi-Gemex 24,920 4,744
28 Embotelladoras Arca 18,826 18,611
29 Industrias Bachoco 18,482 3,333
30 Hylsamex 6,971 1,219
31 Apasco 2,877 12,528
32 Grupo Continental 14,128 10,125
33 Grupo Industrial Durango 9,715 2,258
34 Savia 8,085 1,365
35 Industria Penoles 8,356 3,847
36 Empresas ICA 9,708 2,598
37 TV Azteca 2,954 11,406
38 Corporacion Interamericana 10,527 6,378
de Entretenimiento
39 Iusacell 1,940 6,629
40 Grupo Industrial Saltillo 11,462 2,787
41 Tubos de Acero de Mexico 2,982 5,398
42 Grupo Casa Saba 5,107 1,625
43 Grupo Palacio de Hierro 7,037 5,639
44 Cydsa 8,665 396
45 Nadro 4,081 1,964
46 Grupo Aeropuerto del Sureste 625 4,164
47 Grupo Corvi 5,987 2,908
48 Corporacion Geo 10,379 1,473
49 Grupo Posadas 6,102 2,751
50 Consorcio Ara 6,681 5,330
51 Grupo Industrial Maseca 3,023 2,801
52 Sanluis Corporacion 6,743 1,664
53 Industrial CH 2,399 1,223
54 Far-Ben 81,24 955
55 Grupo Cementos Chihuahua 1,646 2,072
56 Grupo Herdez 5,003 1,378
57 Unefon 969 9,058
58 Corporativa Fragua 5,737 1,467
59 Corporacion Moctezuma 514 5,088
60 Grupo Embotelladoras Unidas 5,743 932
61 Alsea 6,893 430
62 Grupo Industrial Camesa 2,318 1,304
63 Jugos del Valle 4,066 637
64 Grupo la Moderna 3,143 1,516
65 International de Ceramica 3,127 1,773
66 Grupo Simec 1,386 1,073
67 Grupo Situr 1,972 693
68 Grupo Lamosa 3,039 516
69 Corporacion Mexicana de Restaurantes 4,519 203
70 Accel 2,072 126
71 Grupo Bafar 3,283 762
72 Grupo Minsa 1,374 222
73 Grupe 1,253 30
74 Compania Minera Autlan 1,383 223
75 G. Accion 74 577
76 Grupo Marti 2,057 871
77 Maquinaria Diesel 1,523 192
78 G Collado 916 343
79 Grupo Radio Centro 469 967
80 Dermet de Mexico 525 392
81 Grupo Dataflux 1,568 219
82 Medica Sur 1,003 258
83 Edorados Martin 1,783 169
84 Consorcio Aristos 0 1,000
85 Controladora de Farmacias 1,308 418
86 Grupo Covarra 1,640 67
87 Latinoaricana Duty Free 765 866
88 Empaques Ponderosa 0 1,045
89 Grupo Comercial Gomo 313 370
90 Corsorcio Hogar 1,673 211
91 Convertidora Industrial 555 125
92 Grupo Dixon 563 249
93 ECE 1,250 122
94 Hilasal Mexicana 875 109
95 Ekco 571 77
96 Industria Automotriz 683 31
97 Mairzoro 772 131
98 Grupo Mac Ma 769 136
99 Biper 793 487
100 Agro Industrial Exportadora 492 18
RANKING COMPANY TOTAL
1 Telefonos de Mexico 545
2 Carso Global Telecom 472
3 Cemex 409
4 Wal-Mart de Mexico 318
5 America Movil 264
6 Grupo Carso 229
7 Grupo Modelo 219
8 Fomento Economico Mexicano 197
9 Grupo Alfa 166
10 Grupo Bimbo 160
11 Grupo Mexico 152
12 Grupo Televisa 126
13 Grupo Soriana 106
14 Grupo Vitro 105
15 Grupo Gigante 104
16 Controladora Comercial Mexicana 102
17 Grupo Imsa 89
18 Grupo Sanborns 88
19 Desc 83
20 Kimberly-Clark de Mexico 79
21 El Puerto de Liverpool 77
22 Cintra 72
23 Coca-Cola Femsa 71
24 Gruma 66
25 Grupo Elektra 61
26 Transportacion Maritima Mexicana 59
27 Pepsi-Gemex 57
28 Embotelladoras Arca 57
29 Industrias Bachoco 52
30 Hylsamex 50
31 Apasco 47
32 Grupo Continental 46
33 Grupo Industrial Durango 46
34 Savia 46
35 Industria Penoles 45
36 Empresas ICA 39
37 TV Azteca 38
38 Corporacion Interamericana 38
de Entretenimiento
39 Iusacell 35
40 Grupo Industrial Saltillo 34
41 Tubos de Acero de Mexico 32
42 Grupo Casa Saba 30
43 Grupo Palacio de Hierro 29
44 Cydsa 29
45 Nadro 28
46 Grupo Aeropuerto del Sureste 26
47 Grupo Corvi 25
48 Corporacion Geo 25
49 Grupo Posadas 24
50 Consorcio Ara 22
51 Grupo Industrial Maseca 21
52 Sanluis Corporacion 21
53 Industrial CH 20
54 Far-Ben 18
55 Grupo Cementos Chihuahua 18
56 Grupo Herdez 16
57 Unefon 16
58 Corporativa Fragua 15
59 Corporacion Moctezuma 15
60 Grupo Embotelladoras Unidas 14
61 Alsea 13
62 Grupo Industrial Camesa 13
63 Jugos del Valle 13
64 Grupo la Moderna 12
65 International de Ceramica 11
66 Grupo Simec 11
67 Grupo Situr 11
68 Grupo Lamosa 10
69 Corporacion Mexicana de Restaurantes 9
70 Accel 8
71 Grupo Bafar 8
72 Grupo Minsa 7
73 Grupe 6
74 Compania Minera Autlan 6
75 G. Accion 6
76 Grupo Marti 6
77 Maquinaria Diesel 6
78 G Collado 5
79 Grupo Radio Centro 5
80 Dermet de Mexico 5
81 Grupo Dataflux 4
82 Medica Sur 4
83 Edorados Martin 4
84 Consorcio Aristos 3
85 Controladora de Farmacias 3
86 Grupo Covarra 3
87 Latinoaricana Duty Free 3
88 Empaques Ponderosa 3
89 Grupo Comercial Gomo 3
90 Corsorcio Hogar 3
91 Convertidora Industrial 2
92 Grupo Dixon 2
93 ECE 2
94 Hilasal Mexicana 2
95 Ekco 2
96 Industria Automotriz 2
97 Mairzoro 2
98 Grupo Mac Ma 2
99 Biper 2
100 Agro Industrial Exportadora 1
Top Companies by Sector
Telecom
RANKING COMPANY TOTAL
1 Telefonos de Mexico 545
2 Carso Global Telecom 472
3 America Movil 264
4 Iusacell 35
5 Unefon 16
6 Biper 2
Beverages
1 Grupo Modelo 219
2 Fomento Economico Mexicano 197
3 Coca-Cola Femsa 72
4 Pepsi-Gemex 57
5 Embotelladoras Arca 57
6 Grupo Continental 46
7 Grupo Embotelladoras Unidas 14
8 Jugos del Valle 13
Construction
1 Cemex 409
2 Apasco 47
3 Empresas ICA 39
4 Corporacion Geo 25
5 Consorcio Ara 22
6 Grupo Cementos de Chihuahua 18
7 Corporacion Moctezuma 15
8 Internacional de Ceramica 11
9 Grupo Lamosa 10
10 G. Accion 6
11 Corsorcio Hogar 3
Conglomerates
1 Grupo Carso 229
2 Grupo Alfa 166
3 Grupo Vitro 105
4 Grupo Imsa 89
5 Desc 83
6 Grupo Industrial Saltillo 34
7 Cydsa 29
8 Sanluis Corporacion 21
9 Accel 8
Food
1 Grupo Bombo 160
2 Gruma 66
3 Industrias Bachoco 52
4 Savia 46
5 Grupo Industrial Maseca 21
6 Grupo Herdez 16
7 Alsea 13
8 Grupo la Moderna 12
9 Corporacion Mexicana de Restaurantes 9
10 Grupo Bafar 8
11 Grupo Minsa 7
12 Ece 2
13 Maizoro 2
14 Grupo Mac Ma 2
15 Agro Industrial Exportadora 1
Media
1 Grupo Televisa 126
2 TV Azteca 38
3 Corporacion Interamericana de
Entretenimiento 38
4 Grupo Radio Centro 5
Retail
1 Wal-Mart de Mexico 318
2 Organizacion Soriana 106
3 Grupo Gigante 104
4 Comercial Mexicana 102
5 Grupo Sanborns 88
6 El Puerto de Liverpool 77
7 Grupo Elektra 61
8 Grupo Casa Saba 30
9 Grupo Palacio de Hierro 29
10 Nadro 28
11 Grupo Corvi 25
12 Far-Ben 18
13 Corporativa Fragua 15
14 Grupo Marti 6
15 Maquinaria Diesel 6
16 G Collado 5
17 Edoardos Martin 4
18 Controladora de Farmacias 3
19 Latinoamericana Duty Free 3
20 Grupo Comercial Gomo 3
Industrials
1 Grupo Mexico 152
2 Kimberly-Clark de Mexico 79
3 Hylsamex 50
4 Grupo Industrial Durango 46
5 Industrias Penoles 45
6 Tubos de Acero de Mexico 32
7 Industrias CH 20
8 Grupo Industras Camesa 13
9 Grupo Simec 11
10 Compania Meinera Autlan 6
11 Dermet de Mexico 5
12 Empaques Ponderosa 3
13 Convertidora Industrial 2
14 Grupo Dixon 2
15 Hilasal Mexicana 2
16 Ekco 2
17 Industria Automotriz 2
Other
1 Cintra 72
2 Grupo TMM 59
3 Grupo Aeroportuario del Sureste 26
4 Grupo Posadas 24
5 Grupo Situr 11
6 Grupo 6
7 Grupo Dataflux 4
8 Medica Sur 4
9 Consorcio Aristos 3
10 Grupo Covarra 3
Martin Lara is a Mexico City-based independent financial analyst. |
|
||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion