2011: Latvia's most valuable company TOP 101

With an aim to highlight Latvian companies' increase of value and ranking, every year “NASDAQ OMX Riga”, investment banking company “IBS Prudentia” and business ideas magazine “Kapitāls” create Latvia's most valuable companies TOP 101.

In the study the enterprise values of the largest Latvian enterprises (enterprise value) are evaluated. The survey has been conducted since 2006, it is published in the magazine “Kapitāls” November issue.

View the full list of Latvia's most valuable companies TOP 101 - here.

The most valuable company in Latvia - “Latvenergo”

For the third year in a row the country's most valuable company was declared as “Latvenergo” with a business value of nearly 974 million lats.

In the National Capital Awards ceremony, where the latest results of the research were presented, the President of Latvia, Andris Bērziņš and managers of the most valuable companies participated.

Daiga Auziņa - Melalksne (NASDAQ OMX Riga) (from left), Ģirts Rungainis (IBS Prudentia), Egons Mednis (Elko Grupa), Jānis Komisars (Valsts nekustamie īpašumi), Māris Mančinskis (Swedbank), Jānis Romanovskis (Grindeks), Juris Gulbis (Lattelecom), Ainārs Ozols (SEB bank), Adrians Dāvis (Latvijas Gāze), Mārtiņš Barkāns (LETA), President Andris Bērziņš, Valērijs Terentjevs (Liepājas metalurgs), Agnis Buda (Kapitāls), Āris Žīgurs (Latvenergo), Uģis Magonis (Latvijas Dzelzceļš), Juris Pūce (State secretary of the Ministry of Economic Affairs), Juris Binde (Latvijas Mobilais Telefons). Photo: LETA.

The President of Latvia, Andris Bērziņš presented a special certificate to the company “Liepājas metalurgs” for the most significant amount of international investment among Latvian companies.

“IBS Prudentia” partner Ģirts Rungainis awarded the most valuable trading company in foreign markets - Elko Grupa.

“NASDAQ OMX Riga” Chairman of the Board Daiga Auziņa-Melalksne presented a special certificate to the company “Latvijas Gāze” - as the all-time most valuable company listed on the stock exchange in Latvia's most valuable company list.

National news agency LETA chairman Mārtiņš Barkāns gave a certificate to the company “Grindeks” for being the leader in the industry which is important for the state with international competitiveness.

The research methodology

Overall, more than 300 Latvian companies' financial performance and their management risks in 2010 were evaluated. Companies in the top 101 are sorted according to one single individual financial index, for instance, turnover or profit. In order to better reflect the current corporate business value in the respective sectors growth potential and risk profile assessment of similar public enterprises have been taken into account.

Corporate governance risks with a specially designed methodology were evaluated by the Stock exchange “NASDAQ OMX Riga”. These risks and the transparency of the current business model are a part of every company's value, and in this top 101 their impact on the assessment of individual companies was up to 15%.

Gallery in non-commercial field.