The ASX is among the most extensive security exchange in the globe. Its total market capitalization is about an impressive a$2 trillion. In terms of raising capital, the ASX features in the top 5 globally and the largest market in interest derivatives in Asia.
Here are 3 of the most successful companies in the ASX listing;
BHP Energy LTD
BHP is one of the most successful companies on the ASX listing. And by far, it is also the third-largest. It’s a world-leading resource company with an interest in oil, minerals, and gas. Incredibly, this company has over 80000 employees and generates a revenue of at least $42.93billion. BHP net worth, regarding its market capitalization, is well nearing $160 billion
BHP is also one of the fastest-growing global energy companies. This company delivered an EPS growth of 34.7% in the year 2017/2018. But even more interesting, the company had a gross yield of 13.02% that same financial year. Remarkably, it also specializes in commodities like coal energy and gold. Currently, it has its headquarters in Melbourne, Australia.
Woolworths Group
Woolworths is the most successful food retailer in Australia. The group specializes in general consumer stores and supermarkets, making it a household name in Australia. Apart from that, Woolworths also engages in the obtaining of food and alcohol, among other commodities.
What makes this company so successful is its growth rate due to all its interests outside food retailing. The company has interests in a variety of consumer services and goods. It includes pubs and gaming operations. As a result, the company is growing at a faster rate than earlier anticipated.
Most investors consider this company as ASX’s ‘defensive’ stock in the essential consumer sector. Even so, by the beginning of 2019, the Woolworths Group company was valued at around $40billion by is market capitalization. The group’s 12 months yield for the financial year 2017/2018 was an impressive 4.87%.
Macquarie Group
MQG is the largest investment banking firm in Australia. But interestingly, the Macquarie also has an impressive international presence. The success of this investment banking firm largely credited the currently resigned CEO, Nicholas Smith. His vision for the company is what saw it to become the corporate giant it is presently.
Interestingly, the MQG has the affectionate nickname ‘millionaire’s factory’ from its shareholders. Well, that may be because the shareholders have all enjoyed the perks of being part of this successful and rapid group. The financial year 2017/2018 saw the company getting an ESP growth near a remarkable 75%.
Well, you cannot deny the success MQG has had so far since its inception in 2015. Incredibly, the company is almost doubling when compared to its start. By 2018, the company was boating a market capitalization of $40billion. It is quite impressive considering that it was only three years down the line after inception.
Conclusion
The ASX combines six other independent stock exchanges in Australia. Although the companies on this list are not necessarily the largest at the ASX Listing, their success rates are impressive and are growing faster than anticipated. The companies are all the best in their sectors and a unique lot. You can check out their prospects in Everblu Capital Research reports.
