Mubasher Financial Services BSC, has unveiled its list of the top 100 listed companies in Egypt for 2015, a ranking of the country’s top-performing firms in terms of performance. The list was based on in-depth research conducted in cooperation with prominent business publication Amwal -Al Ghad.
Mubasher came to its assessments based on the performance of each company over the last three years to the period ended 30 November 2015, and excluded entities not listed on the Egyptian Exchange. Mubasher assessed 202 companies, 108 of which saw negative returns and 94 of which saw positive returns once analysts factored in changes in market value during the period 30 November 2012 till 30 November 2015.
Mubasher Financial Services applied scientific rigor to the ranking to produce a precise and comprehensive look at every company assessed. Companies were measured against:
1- Change in value market: the ultimate change of the market value during the period of 30 November 2012 to 30 November 2015
2- The total revenue of the company – the ratio is calculated by the total revenue of the country, which is adjusted by the mediator gross return for every listed company for the same period
3- The total revenue of the company- the ratio is calculated by the total return of the market
4- The total revenue of the company- the ratio is calculated by the industry performance.
Based on these criteria, Mubasher ranked each company and translated the ranking into final results. On occasions of two similar results, the priority goes to the market value, or the company with high rate of change in market value the higher in performance.
Commenting on the ranking said Amr Hussein Elalfy, Managing Director – Global Head of Research:
“Mubasher developed the ranking to raise the global classification of local companies, spotlight lesser-known but high-performing businesses in Egypt, and ultimately help the government to identify potential private sector partners for future tenders. The ranking was based entirely on criteria used by global economic indices to assess performance, which ensures that every corporation on the list is held to international standards.”