Izinkampani ezinkulu kakhulu eYurophu: imali engenayo kanye nenani

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IYurophu iyi-mosaic eyingqayizivele: amazwe angu-50 (+6), izilimi ezingu-230, kanye nezakhamuzi ezingaba yizigidi ezingu-746 . Lokhu kuhlukahluka kubonakala nasebhizinisini layo, lapho izinkampani ezinkulu zamandla, izinkampani zemithi ezihamba phambili, izimpahla zikanokusho, ukudla, kanye nobuchwepheshe bezimboni kuhlangana khona. Njengoba behlekisa emphakathini we-inthanethi, "Izwekazi lonke... kanye ne-subreddit eyodwa nje!" Kulesi simo, kubalulekile ukuhlukanisa ukuthi kusho ukuthini ukuba "mkhulu": ukuba phezulu ohlwini ngenzuzo akufani nokuba phezulu ngezimali zemakethe , futhi abaholi bavame ukushintsha kuye ngezidingo.

Eminyakeni yamuva nje, isimo sishintshe ngokushesha. Uhlelo lokuqala lwe-Fortune 500 Europe luhlela izinkampani ngokwemali engenayo, kanti ezinye izilinganiso zigxile ekutshalweni kwezimali emakethe okunikezwa inkampani ngayinye yi-stock exchange. Zombili lezi zindlela ziyadingeka ukuqonda amandla eqiniso ezinkampani zaseYurophu , imikhakha yazo evelele, isisindo sazo ngezwe, nokuthi zisabela kanjani ezinkingeni ezifana nempi e-Ukraine, ukwehla kwamandla emali, noma ukwehla komnotho waseShayina.

Imali engenayo vs. ukwenza imali enkulu: izindlela ezimbili zokulinganisa "ubukhulu"

Ngaphambi kokubheka amazinga, kubalulekile ukukhumbula ukuthi imali engenayo (ukuthengisa) kanye nokusetshenziswa kwemali emakethe kulinganisa izinto ezahlukene . Okokuqala kubonisa ubukhulu bebhizinisi ngokwenzuzo; okwesibili, ukulinganiswa kwamanje kwemakethe kwenkampani ngokusekelwe kulokho okulindelwe yinzuzo, izinzuzo, ukukhula, kanye nengozi. Inkampani yamandla ingase ihole ekuthengiseni ngonyaka wamanani aphezulu, kuyilapho uhlobo lwemithi noma lokunethezeka lukhanya ngenxa yokusetshenziswa kwemali emakethe okuphezulu, ngenxa yezinzuzo ezinamandla kanye nokubonakala okucacile kwemali engenayo.

Uma sibheka lokhu, akumangazi ukuthi ukwanda kwamandla phakathi nenkinga yezepolitiki kuye kwaphakamisa izinkampani eziningana zikawoyela phezulu maqondana nokuthengisa, kuyilapho ukwenziwa kwezimali emakethe yaseYurophu kuphethwe izinkampani zemithi kanye nezinkampani zobuchwepheshe bobukhazikhazi nezezimboni . Lokhu kubili kuchaza ingxenye enhle yokuphikisana okubonakalayo phakathi kwezilinganiso.

I-Fortune 500 Europe: enkulu kunazo zonke ngokwemali engenayo

I-Fortune ishicilele izinga layo lokuqala le-pan-European ngokwemali engenayo, okuhlanganisa nezinkampani ezivela emazweni angu-24 esifundeni (kufaka phakathi iRussia) . Imiphumela ikhombisa ngokusobala ukusebenza kahle komkhakha wamandla ngemuva kwempi kanye nokuphazamiseka kochungechunge lokuhlinzekwa kwempahla. Ngo-2022, iShell yahamba phambili ohlwini ngokuthengisa okungu-$381.000 billion (€355.800 billion) , kwalandela izinkampani zezimboni kanye nezinsiza ezizuze esimweni esisha somnotho.

Izinkampani eziyi-10 eziphezulu ze-Fortune 500 Europe ngokwemali engenayo bezilokhu zilandelayo: iShell (UK), iVolkswagen (Germany), i-Uniper (Germany), iTotalEnergies (France), iGlencore (Switzerland), iBP (UK), iStellantis (Netherlands), iGazprom (Russia), iMercedes-Benz Group (Germany), kanye ne-Electricité de France (France) . Ukuba khona kweGazprom endaweni yesishiyagalombili , naphezu kwezijeziso, kubonisa izinga lapho izinga lokuthengisa libonisa khona iqiniso lebhizinisi ngonyaka wezimali.

1. shell (United Kingdom)
2. Volkswagen (EJalimane)
3. I-Uniper (EJalimane)
4. Ama-TotalEnergies (EFrance)
5. IGlencore (eSwitzerland)
6. I-BP (e-United Kingdom)
7. I-Stellantis (Netherlands)
8. I-Gazprom (Russia)
9. Iqembu leMercedes-Benz (eJalimane)
10. I-Electricité de France (France)

Sekukonke, izinkampani ezingu-500 ohlwini lwaseYurophu zinemali engenayo ehlanganisiwe engu- $13,9 trillion (€13,02 trillion) , cishe elingana ne -GDP yaseJalimane ephindwe ka-3,5 . Uma kuqhathaniswa, i-US Fortune 500 ifinyelela ku-$18,1 trillion, kanti i-Fortune Global 500 isondela ku-$41 trillion. IYurophu inamandla ngokwezinga lezimboni kanye nezinsizakalo ezibalulekile, kodwa isasele ngemuva kwe-US ngokwesilinganiso esiphelele.

Yimaphi amazwe nemikhakha ebusayo maqondana nokuthengisa?

Nakuba kube nokukhulunywa ngokuma, iJalimane isalokhu iyinkampani ehamba phambili ngokwenani lezinkampani ezisohlwini: izinkampani zaseJalimane ezingu-80 zivela kwi-Fortune 500 Europe, kanti iVolkswagen ne-Uniper ziphezulu . Ilandela iJalimane, i -United Kingdom inikela ngezinkampani ezingu-76, ezimele ngaphezu kuka -15% wemali engenayo iyonke yesikhundla , kanti amagama anjengeTesco (34), BT Group (152), Diageo (188), Marks & Spencer (255), John Lewis Partnership (274), kanye ne-BBC Group (436) . IFrance inezinkampani ezingu-71, iNetherlands 37, kanye neSwitzerland 36.

Ngokomkhakha, ukwanda kwamanani kagesi kuqhubekisele phambili izinkampani ezinkulu zikawoyela nezinsizakusebenza . Ngakolunye uhlangothi, umkhakha wezezimali ube nonyaka ohamba kancane ekuhlanganisweni nasekuthengweni kwezinkampani, usezingeni eliphansi ekuthengisweni: I-Banco Santander ivela endaweni yama-21 , kanye ne -BNP Paribas (27) kanye ne-HSBC (28) . Noma kunjalo, izikhungo zezimali ziyiqembu elikhulu kunawo wonke elinezinkampani ezingama-84 . Imikhakha esele inezinto zokwakha (30), ukudla neziphuzo (27), kanye nezitolo (25).

Ngaphezu kwalokho, uhlu luveza idatha ethakazelisayo ngokuphatha nokuvuthwa: Abaphathi abakhulu abangu-35 ngabesifazane (7%) , ngaphezu kuka-5,8% we-Global 500 kodwa ngaphansi kuka-10,4% we-US Fortune 500. Isilinganiso seminyaka yezinkampani siyiminyaka engu-108 , kanti i-Anheuser-Busch InBev iyona endala kunazo zonke ohlwini, eyaqala ngo-1366. Isiko linesisindo eYurophu, yize ukuzivumelanisa nomjikelezo omusha kuqhubeka njalo.

ISpain ku-Fortune 500 Europe ngenzuzo

ISpain idlala indima evelele: Izinkampani zaseSpain ezingu-19 zifinyelele ezingeni lokuthengisa. Eliphezulu kakhulu yiBanco Santander (21) . Izinga eliphezulu liqedwa yiRepsol (37) kanye ne-Iberdrola (50) , kulandele iBBVA (73), iTelefónica (85), iNaturgy (101), i-ACS (102), i-Inditex (106), iMercadona (124), kanye neMapfre (155) . Liyiqembu elihlukahlukene elihlanganisa ezezimali, amandla, ukwakhiwa, izindwangu, kanye nokusabalalisa.

Kufakwe neCaixaBank (220), Acciona (276), Gestamp (313), Acerinox (368), Ferrovial (404), Banco Sabadell (419), Grupo Dia (435), Sacyr (450), kanye neGrifols (454) . Ububanzi bemikhakha yaseSpain bubonisa ukuhlukahluka komnotho wayo, yize iningi lemali engenayo ligxile ebhange kanye namandla.

Okukhulu kunawo wonke ngokwezimali zemakethe: ubani olawula imakethe yamasheya

Uma sishintsha umbono wethu futhi sibheka ukwenziwa kwezimali emakethe, umqhele waseYurophu uthambekele ekwelashweni kwemithi, izimpahla zokunethezeka, kanye nobuchwepheshe be-semiconductor . Kufanele sehlele endaweni ye-18 ohlwini lomhlaba wonke ukuze sithole inkampani yokuqala yaseYurophu ngenani lemakethe: iNovo Nordisk , ekhuliswe yimithi efana ne-Ozempic, efinyelele ku- $513.370 billion futhi yadlula i-LVMH ($344.130 billion), okuye ukwehla kwayo kwamuva ekuthengisweni kwanciphisa umfutho wayo. Inani lemakethe libonisa okulindelwe, hhayi ukuthengisa kwamanje kuphela.

Kwezobuchwepheshe bezimboni, i-ASML ibalulekile: ngo-Okthoba yafinyelela ku- $415.950 billion , yadlula i-LVMH, ngaphambi kokuba yehle kakhulu yaya ku- $283.560 billion . Noma kunjalo, ukuvumelana kuyaqiniseka ngokusimama kwayo, kanti ukuvinjelwa okuyingxenye kweShayina kubeka ingozi. Ilandela ngemuva yi- SAP , okwamanje esebenza kahle ngokugxila kwi-cloud computing kanye ne-AI, inemali yemakethe engaba ngu-$ 283.560 billion . Bobabili bangabaholi bomhlaba wonke ezindaweni zabo : imishini yokukhiqiza ama-chip kanye nesofthiwe yebhizinisi.

Kwezokunakekelwa kwempilo, imali engenayo kaRoche icishe ibe yi- €259.720 billion ngemuva kokwenyuka ngo-6% kokuthengiswa ezinyangeni eziyisishiyagalolunye, ngenxa yemithi efana neVabysmo , Phesgo, kanye ne-Ocrevus . I-Nestlé inikeza amandla abathengi nge- €253.380 billion naphezu kokwehla kokuthengiswa ngo-2024 (-2,4% ekuthengisweni ezinyangeni eziyisishiyagalolunye ngenxa yemiphumela yemali kanye nokusetshenziswa kwemali okubuthakathaka kwabathengi). Kwezokunethezeka, i-Hermès (€239.850 billion) ivelele ngokuqina kwayo nokukhula e-Asia, ngokuthengiswa kwe-€12.110 billion kanye nokwenyuka ngo-11,4%. I-AstraZeneca (€237.460 billion) inyuse imali engenayo ngo-18% engxenyeni yokuqala yonyaka, i-Novartis ifinyelele ku- €230.860 billion , kanti i-Accenture ivale unyaka wayo ngenzuzo ye-€64.900 billion (+2%), ifinyelela imali yemakethe ye- €228.730 billion.

Amasheya aphezulu aseYurophu ngokwezimali zemakethe ezithombeni ezahlukahlukene

Isithombe sakamuva semakethe sibonise izinkampani ezilandelayo njengeziyi -10 ezinkulu ngokwezimali zemakethe eYurophu : iNovo Nordisk (€448.370 billion), i-LVMH (€385.110 billion), i-ASML (€332.870 billion), i-Accenture (€242.250 billion), i-L'Oréal (€238.730 billion), i-Hermès (€207.490 billion), i-SAP (€197.130 billion), i-TotalEnergies (€145.680 billion), i-Dior (€134.660 billion), kanye ne-Siemens (€133.440 billion) . Kulowo mfanekiso, i-Inditex ibekwe endaweni ye-11 nge- €123.762 billion , idlula i -Sanofi (€117.800 billion), i-Airbus (€117.130 billion), kanye ne-Deutsche Telekom (€113.340 billion) . I-Iberdrola ibisendaweni yama-27 kanti i-Banco Santander ibisendaweni yama-38.

Esinye isibalo sibeke izinkampani zaseYurophu ezihamba phambili ngenani lemakethe yomhlaba wonke kanje: iNovo Nordisk (ye-18), i-LVMH (ye-26), i-ASML (ye-32), i-SAP (ye-33), iRoche (ye-39), iNestlé (ye-41), iHermès (ye-44), i-AstraZeneca (ye-45), iNovartis (ye-49), kanye ne-Accenture (ye-50) . Ngaphandle kokwehluka kwezinsuku, abadlali ababalulekile bahlala befana: isifo sikashukela kanye ne-biotechnology, izimpahla zikanokusho, ukudla okuphezulu, kanye nemishini ye-semiconductor.

I-Inditex: ibhentshi laseSpain elibheke phezulu kwe-10 eYurophu

Ku-Spanish Stock Exchange, i-Inditex isanda kufinyelela izigaba ezibalulekile, idlula uphawu lwesabelo ngasinye lwe-€40 okokuqala futhi ivala ku- €39,71 ngosuku olubalulekile. Imali yayo yemakethe ye- €123.762 billion yayicishe ilingane neye- Iberdrola (€70.964 billion) kanye ne-Banco Santander (€60.456 billion) . Amasheya e-Iberdrola ehle ngo-4,3% ekuqaleni kuka-2024, kanti i-Santander yehle ngo-1,2%, kuyilapho inkampani enkulu yezendwangu iqinisa ubuholi bayo basekhaya.

Ngokuphathelene nemiphumela, i-Inditex ivale izinyanga zokuqala eziyisishiyagalolunye zonyaka wayo wezimali ka-2023 ngokuthengisa okungu-€25.609 billion (+11,1%) kanye nenzuzo engu-€4.100 billion (+32%) . Inzuzo yayo yonke ikhuphuke ngamaphuzu ayisisekelo angu-67 yaya ku-59,4%, kanti imali engenayo ikhule ngo-15% yaya ku- €11.480 billion . Abahlaziyi banemibono exubile: I-Barclays ibeka intengo eqondiwe engu-€44 (ngaphansi kwentengo ebonwe ngaleso sikhathi), i-Goldman Sachs ibeka ku-€55 futhi incoma ukuthenga—ngokubikezela kokwehla ngo-3% kokuthengisa ngamazinga okushintshana aqhubekayo ngo-2025—, i-BofA ibona amathuba afinyelela ku-€61, kanti i-Bernstein iphakamisa umgomo wayo ku-€60. Ikhwalithi yokusebenza kanye nesimo semali kusekela i-thesis yokuqina.

I-Granola vs. "I-Magnificent Seven": Indlela ama-giants aseYurophu ancintisana ngayo

Ngo-2020, uGoldman Sachs waqamba isifinyezo esithi GRANOLAS ukubhekisela eqenjini lamasheya amakhulu, avikelayo, futhi akhula njalo eYurophu: i-GSK, i-Roche, i-ASML, i-Nestlé, i-Novartis, i-Novo Nordisk, i-L'Oréal, i-LVMH, i-AstraZeneca, i-SAP, ne-Sanofi . Osomaqhinga bagqamise inhlanganisela yabo yemali engenayo ekhuphukayo, ukuguquguquka okuphansi, amamajini aqinile, amashidi okulinganisela aqinile, kanye nezabelo eziqhubekayo . Ngokuhamba kwesikhathi, ukusebenza kwabo kuye kwafana—futhi kwaba ngcono ngezinye izikhathi—nokwe-"Magnificent Seven" yase-US, kodwa ngokuguquguquka okuncane.

Phakathi kuka-2022 no-2023, leli bhasikidi laseYurophu lenze kahle kakhulu kunezinkampani ezinkulu zobuchwepheshe zase-US ngesigamu sokuguquguquka . Ngaphezu kwalokho, isivuno salo senzuzo sizungeze u-2,5% , uma kuqhathaniswa no-0,3% we-M7. Azikho izinkampani zaseYurophu ezingama-trillion-euro okwamanje , kodwa i-Novo Nordisk isondela ku-€400.000 billion kanti i-Hermès ingaphezu kuka-€200.000 billion. Ukuhlukahluka komkhakha kungenye umehluko obalulekile: ukunakekelwa kwezempilo (32%), izinto eziyisisekelo zabathengi (26%), ukukhetha kwabathengi (29%), kanye nobuchwepheshe (14%) , kanti i-ASML iyinkampani yobuchwepheshe kuphela ohlwini. Bangabaholi bomhlaba wonke ezindaweni zabo : i-Nestlé ekudleni, i-LVMH kwezokunethezeka, i-L'Oréal kwezobuhle, kanye ne-Novo Nordisk kwesifo sikashukela.

Ukulinganisa, ukukhula kanye nenzuzo: lokho imakethe ekunciphisayo

Ngokuphathelene nokuphindaphinda, inguqulo yaseYurophu yama-M7 ihweba cishe ngokuphindwe ka-31 kwemali engenayo yezinyanga eziyi-12 elindelwe (isilinganiso somlando esingu-30x kusukela ngo-2021), uma kuqhathaniswa nesilinganiso semakethe yaseYurophu esingu- 13-14x . E-United States, ama-M7 ahweba cishe ngo-34x , ngaphansi kwesilinganiso sawo esicishe sibe ngu-40x kusukela ngo-2021. I-premium yokulinganisa e-US ivunyelwe yinzuzo ephezulu ku-equity , yize iYurophu nayo ithuthukise i-ROE yayo kusukela ngo-2021.

Ngaphakathi kweYurophu, i-ASML neHermès ziphakamisa isilinganiso ngezilinganiso ze-P/E eziseduze ne -43x kanye ne-49x ngokulandelana. Sekukonke, inzuzo ephezulu kanye nekhwalithi kuchaza lawa maphrimiyamu, yize isaphulelo uma siqhathaniswa ne-United States siqhubeka. Kubatshalizimali, lokhu kumelela inhlanganisela yokuzinza, izinzuzo, kanye nokuvezwa ezindikimbeni zomhlaba wonke ezifana nokunakekelwa kwempilo kanye nama-semiconductor.

Lokho okushiwo abahlaziyi: izinto ezibangela ukucindezeleka kanye nezingozi

Imibiko yakamuva yemali engenayo ilethe umehluko omkhulu: Amasheya e-ASML ehle afinyelela ku-16% esikhathini esisodwa ngemuva kokuthi ibuyekeze isibikezelo sayo sika-2025 sehle (kwaba phakathi kwe-€30.000 billion kanye ne-€35.000 billion), yize iGoldman Sachs inyuse umgomo wayo wentengo waba yi-€1.185 ngesabelo ngasinye kanti iBank of America iyibeka ku-€1.064 isebenzisa i-EBITDA multiple engu-28x kanye nokukhula okungu-18% okulindelwe ngo-2026. IBarclays yehlise intengo yayo yomgomo yaba yi-€1.100, okuphakamisa ukuthi iChina ingakwazi ukwenza ngokwezifiso ukuze ilandise kufika ku-20% wokuthengisa ngo-2025. Umhlangano wabatshalizimali ngomthelela we-AI kuze kube ngu-2030 ubonwe njengento engaba nomthelela.

Emkhakheni wezokunethezeka, i-LVMH yehle ngo-3,7% ngosuku olulodwa ngemuva kokuthengiswa okubuthakathaka. I-Barclays inyuse umgomo wayo wentengo yaya ku-€795 isuka ku-€624, ixwayisa ngokuthi isidingo esiphansi eShayina singaqhubeka nokukhula esitokweni izinyanga eziyisithupha. I-BofA inyuse umgomo wayo yaya ku-€700, ikhomba amandla esikhathi eside, kuyilapho i-Goldman Sachs ibeke umgomo wayo ku-€770 (isuka ku-€815) ngenxa yendawo eyinselele yesikhashana esifushane. Ku- Hermès , i-BofA ibikezela i-€2.300 ngokukhula kwe-organic okungu-10% ku-Q3 24, i-Barclays ibikezela i-€2.200 ngombono oqaphile mayelana nemingcele, i-Jefferies incoma ukuthengwa ku-€2.460, kanti i-JPMorgan igcina isikhundla sayo esingathathi hlangothi ku-€2.160. Ngenkathi umkhakha wezokunethezeka ubonisa ukwehluka, i-Hermès ivelele ngokuqina kwayo.

Ku-software, i-SAP ihweba cishe ngo-€211, kanti i-BofA ibiza ngo-€235, i-UBS ibiza ngo- €222, kanye ne -Barclays ibiza ngo-€230, okusekelwa ukuguquka kwayo kwefu, ukuhlanganiswa kwe-WalkMe, kanye nokukhula okungenzeka kwe-margin ye-EBIT okungaphezu kuka-30% ngaphambi kuka-2025. Ezimpahleni zabathengi, i-L'Oreal ihweba cishe ngo-€372, kanti i-Goldman Sachs ilindele ukukhula okungokwemvelo okungu-5,8%; i-JPMorgan yehlisiwe ukuze ithengiswe (€325), i-Deutsche Bank iphinde yaphinda isilinganiso sayo sokuthengisa (€350), kanti i-UBS (€415) kanye ne-Jefferies (€365) azithathi hlangothi. I-China kanye nomjikelezo wabathengi babeka ithoni.

Phakathi kwezinkampani zezimboni, i-Siemens AG ihweba cishe ngo-€185, kanti i-Goldman Sachs ibiza u-€211, kanye nezinkampani ezifana ne -RBC, i-JPMorgan, i-DZ Bank, kanye ne-Bernstein ezinezincomo zokuthenga ezingaphezu kuka-€200, zicaphuna ukuthuthuka kokuzenzakalelayo kanye nezindleko eziphezulu engqalasizinda ehlakaniphile , naphezu komnotho waseShayina ocindezelekile. Izinto ezibangela lokhu ukwenziwa kwebhizinisi kube ngokwejwayelekile kanye nokusebenza kahle okuthuthukisiwe.

Kungani iYurophu ingenazo izingcweti zobuchwepheshe eziningi njenge-US?

Umbiko kaMario Draghi mayelana nokuncintisana ukhomba izici ezintathu ezibalulekile: ubukhulu bemakethe yasekhaya, intuthuko yezimakethe zezimali, kanye nokukhanga kwamakhono . Eminyakeni engaphezu kwamashumi amahlanu, izinkampani eziningi zaseYurophu ezinenani elingaphezu kwama-€100 billion zivele emabhizinisini asunguliwe, hhayi ngenxa yokuphazamiseka okufana nalokhu okwadala i-Amazon noma i-Apple . Amaphesenti angamashumi amathathu ezinyoni zaseYurophu zishiye lesi sifunda kusukela ngo-2008 ngenxa yokuntuleka kwesilinganiso sokukhula. I -Capital Markets Union kanye nezinqubomgomo zokuhamba kwabasebenzi kuyizinyathelo eziya endleleni efanele, kodwa kusenendlela ende okufanele ihanjwe ukuze kuhlangatshezwane namandla aseMelika. Ukuncintisana ngqo ne-US noma i-China kusalokhu kuyinselele enkulu.

Isisindo sabadlali abakhulu kuma-indices aseYurophu

Amasheya ambalwa alawula ingxenye ekhulayo yemakethe yamasheya yaseYurophu: izinkampani ezingaba ngu-15 zinemali yemakethe edlula ama-€100 billion , ikakhulukazi i-LVMH (cishe ama-€312 billion), i-ASML ne-SAP (ngaphezu kwama-€260 billion), i-Hermès, ne-L'Oréal , kanti i-Inditex ibekwe endaweni yesithupha (cishe ama-€170 billion). Ngokusho kukaGoldman Sachs, leli qembu elincane—elibizwa ngokuthi i-GRANOLAS—nezinye izinkampani ezinkulu zimele cishe ama-25% emali yemakethe ye-Stoxx 600 kanye nama-60% enzuzo yayo . Ukuphathwa okungenamsebenzi kanye nokwehla koketshezi lwaseYurophu kuqinise lokhu kuhlushwa.

Lokhu kwenzeka ngaphansi kwesimo sokukhula okuhamba kancane endaweni ye-euro (i-GDP +0,2% njalo ngekota kanye ne-+0,3% unyaka nonyaka ku-Q2 2024), kanye nezinkampani ezisezingeni eliphezulu emhlabeni wonke ezithembele emnothweni womhlaba kanye nase-China . Ukwehla kwentengo yenkampani enkulu yase-Asia kuthinte imboni yokunethezeka ( i-LVMH, i-Hermès, ne-L'Oréal ) kanye ne -ASML . Ngo-24, kube nokungafani okukhulu: i-SAP (+52%) kanye ne-Inditex (+36%) phakathi kwabenza kahle kakhulu , kuyilapho i-L'Oréal (-17%), i-LVMH (-15%), i-ASML (-2%), i-TotalEnergies (-3%) , kanye ne -Airbus zihlale zingashintshile. I-UBS ayilindele ukukhula kwe-Stoxx 600 EPS ekupheleni konyaka (uma kuqhathaniswa nokubikezelwa okuvunyelwene ngakho okungu-+5%), okwandisa ukungaqiniseki mayelana nokululama komnotho wesifunda.

Ukuqhathaniswa komhlaba wonke: I-US ne-China uma kuqhathaniswa ne-Europe

Ukuqoqwa kwemakethe yamasheya yase-US ku-"Magnificent Seven" yayo (i-Apple, i-Meta, i-Microsoft, i-NVIDIA, i-Amazon, i-Alphabet, ne-Tesla) akunawo alinganayo eYurophu ngobukhulu, kodwa iYurophu inawo "amakhulu aseYurophu" ayo, ahlukahlukene, anenzuzo, futhi anezilinganiso eziphansi . Kusukela ekupheleni kukaMashi 2022, ngokusho kwe-PwC, izinkampani eziyi-100 ezinkulu zase-US emhlabeni zazinemali ehlanganisiwe yemakethe engu-$24,6 trillion, cishe izikhathi eziyisishiyagalombili ngaphezu kozakwabo baseYurophu noma baseShayina . Phakathi kuka-2017 no-2022, i-US iphindwe kabili imali yayo yemakethe (+124%), kuyilapho iYurophu ikhuphuke kancane ngo-12%. Igebe lisalokhu likhona, yize iYurophu ithuthukise ingxube yayo yemikhakha.

Ukubuyekezwa kwabaholi bomhlaba wonke kukhombisa ukuthi i-Apple (3,4 trillion), i-NVIDIA (3,3 trillion), kanye ne-Microsoft (3,1 trillion) ziphezulu ohlwini lomhlaba, zilandelwa yi -Amazon (2,5 trillion), i-Alphabet (2,3 trillion), i-Meta (1,8 trillion), i-Tesla (1,1 trillion), i-Broadcom (1,1 trillion), i-Berkshire Hathaway (1,0 trillion), kanye ne-Walmart (0,827 trillion) . EYurophu, izinkampani ezinkulu kakhulu ngokwezimali zemakethe yomhlaba wonke zifaka i- Novo Nordisk (cishe amabhiliyoni angu-389.000), i-LVMH (cishe amabhiliyoni angu-359.000), kanye ne-SAP (cishe amabhiliyoni angu-303.000) , ngaphezu kwe -Hermès, i-ASML, kanye ne-Accenture , enezibalo ezibalelwa ku- 303.000 billion, amabhiliyoni angu-293.000, kanye namabhiliyoni angu-242.000 , ngokulandelana. E-China, i-Tencent (513.700 billion), i-ICBC (310.100 billion), kanye ne-Alibaba (265.600 billion) zivelele . Ukwanda kwemali emakethe kubonisa okulindelwe kanye nosayizi esitokweni samasheya, hhayi inzuzo yokuthengisa noma yokubala.

Ukubuka konke komlando: i-European top ngo-2017

Uma sibuyela emuva ku-2017, izinga laseYurophu ngokwezimali zemakethe laliholwa yiNestlé (€218,49 billion) , kwalandela i-Anheuser-Busch (€207,78 billion) kanye neRoche (€204,79 billion). Abayishumi abaphezulu babehlukaniswe kakhulu phakathi kwe-UK neSwitzerland , kanti iSpain yavela ne -Inditex (€107 billion) isondele kakhulu kwabayi-10 abaphezulu. Esilinganisweni somhlaba wonke ngalowo nyaka, iYurophu yabonakala iphansi: iNestlé yangena endaweni ye-17. Lokho kuhlanganiswa kwakusekelwe ekusetshenzisweni kwemali yemakethe kusukela ngoMashi 30, 2017 , kanye nempahla iyonke kusukela ngoDisemba 31, 2016. Isithombe siyashintsha kuye ngesikhathi, kodwa amagama amaningana asele enkundleni yaseYurophu eminyakeni edlule.

Amaphutha okubona kanye nokunemba kwedatha

Iphuzu elimangalisayo lokucacisa: inguqulo yokuqala yeshadi ibonise ngephutha ukuthi i-LVMH yayinendlunkulu eNetherlands , kanti empeleni iyisiFulentshi futhi indlunkulu yayo iseParis. Lolu hlobo lokulungisa lusebenza njengesikhumbuzo sokuthi amazinga ancike kwikhwalithi kanye nosuku lwemithombo , nokuthi izibalo zemali yemakethe ziyizithombe zesikhathi.

Uma sibheka imakethe yaseYurophu iyonke, imali ehlanganisiwe yemakethe yezinkampani eziyi-10 ezinkulu icishe ibe yi- $2,8 trillion , uma kuqhathaniswa ne- $20,4 trillion yezinkampani eziyi-10 eziphezulu e-US kanye ne- $2,6 trillion ye-China . Igebe ne-United States likhulu, kodwa i-Europe igcina abaholi bomkhakha womhlaba wonke abanezinzuzo ezincintisanayo kakhulu.

Isithombe esihlanganisiwe—ukuthengisa kanye nokusetshenziswa kwemali emakethe—sidweba isithombe sezwekazi elibuswa yizinkampani ezinkulu zamandla, eliqhutshwa yimali engenayo phakathi neminyaka yokucindezeleka komnotho, kanye nemakethe yamasheya evelele kwezemithi, izimpahla zokunethezeka, ukudla, kanye nobuchwepheshe be-semiconductor obugxila inzuzo kanye nokubonakala kwesikhathi eside . Okwamanje, iJalimane ne-UK banikela ngesisindo esibalulekile ku-Fortune 500 maqondana nokuthengisa, iFrance neSwitzerland zivelele ezimpahleni zokunethezeka kanye nemithi, kanti iSpain ikhombisa ukwehlukahlukana ngamabhange, amandla, kanye nompetha wendwangu womhlaba wonke. Njengoba amazinga enzalo ephezulu, ukwehla kwamandla emali, kanye neChina njengenani elingaziwa, ubuholi baseYurophu buncike ekusebenzeni, emisha, kanye nasesilinganisweni.