Best-managed LATAM companies: High standards are the exception
Best-managed LATAM companies: Overall
Best-managed LATAM companies: Most convincing and coherent by country
Best-managed LATAM companies: Best corporate governance by country
Best-managed LATAM companies: Methodology
Euromoney’s third Latin American company ranking is based on a survey of market analysts at major banks and research institutes in Latin America. We received 92 replies (2007: 63 replies). Respondents were asked to nominate the top three companies in each of the countries or sectors they covered, bearing in mind market strength, profitability, growth potential, quality of management and earnings. Points were awarded on a scale of 4:3:2. for first-, second- and third-place nominations respectively. Companies’ results are presented as a percentage of total points received in each category, together with the number of companies that received points in each category. In total, we received nominations for 341 companies for all categories.
Several other countries and industry sectors were included in the survey, but did not receive enough responses to be published.
If you would like more information about the poll, please contact Andrew Newby by email: anewby@euromoneyplc.com.
| Airlines and aviation | ||||
| No. of companies cited: 9 | ||||
| 2008 | 2007 | Firm | Score | Country |
| 1 | 2 | LAN Airlines | 31.25% | Chile |
| 2 | 1 | GOL | 22.32% | Brazil |
| 3 | 6= | TAM | 21.43% | Brazil |
| 4 | 4 | Embraer | 9.82% | Brazil |
| 5 | 3 | Asur | 5.36% | Mexico |
| Autos and auto parts | ||||
| No. of companies cited: 10 | ||||
| 2008 | 2007 | Firm | Score | Country |
| 1= | Marcopolo | 18.18% | Brazil | |
| 1= | Randon -Implementos e Participacoes | 18.18% | Brazil | |
| Banking and financial | ||||
| No. of companies cited: 33 | ||||
| 2008 | 2007 | Firm | Score | Country |
| 1 | 1 | Banco Itaú | 16.10% | Brazil |
| 2 | 2 | Banco Santander-Chile | 11.99% | Chile |
| 3 | 6= | Banorte | 9.25% | Mexico |
| 4 | 12 | Banco do Brasil | 7.53% | Brazil |
| 5 | 5 | Banco de Chile | 7.19% | Chile |
| Conglomerates | ||||
| No. of companies cited: 11 | ||||
| 2008 | 2007 | Firm | Score | Country |
| 1 | 1 | Alfa | 24.66% | Mexico |
| 2 | 3 | Grupo Carso | 17.81% | Mexico |
| 3 | Grupo Kuo | 13.70% | Mexico | |
| 4 | 2 | Votorantim | 9.59% | Brazil |
| 5 | 6 | Suramericana de Inversiones | 8.22% | Colombia |
| Construction & Real Estate | ||||
| No. of companies cited: 22 | ||||
| 2008 | 2007 | Firm | Score | Country |
| 1 | 3 | Empresas ICA | 15.23% | Mexico |
| 2= | 4 | Salfacorp | 9.93% | Chile |
| 2= | 5 | Urbi Desarrollos Urbanos | 9.93% | Mexico |
| 4 | Socovesa | 7.28% | Chil | |
| 5 | 6 | Desarrolladora Homex | 6.62% | Mexico |
| Consumer goods | ||||
| No. of companies cited: 25 | ||||
| 2008 | 2007 | Firm | Score | Country |
| 1 | Positivo Informática | 9.91% | Brazil | |
| 2 | Grupo Nacional de Chocolates | 7.21% | Colombia | |
| 3= | B2W Varejo | 6.31% | Brazil | |
| 3= | Bimbo | 6.31% | Mexico | |
| 3= | 2= | La Polar | 6.31% | Chile |
| Food drink and tobacco | ||||
| No. of companies cited: 20 | ||||
| 2008 | 2007 | Firm | Score | Country |
| 1 | 5= | Perdigão | 16.35% | Brazil |
| 2 | 5= | Sadia | 12.02% | Brazil |
| 3 | 1 | Femsa | 10.10% | Mexico |
| 4 | 3 | AmBev | 9.62% | Brazil |
| 5 | Compaía Cervecerías Unidas | 8.65% | Chile | |
| Iron and steel | ||||
| No. of companies cited: 12 | ||||
| 2008 | 2007 | Firm | Score | Country |
| 1 | 2 | Vale (CVRD) | 24.22% | Brazil |
| 2 | 1 | Gerdau | 20.50% | Brazil |
| 3= | 8= | Siderúrgica Nacional (CSN) | 8.07% | Brazil |
| 3= | 3 | Ternium | 8.07% | Argentina |
| IT/software | ||||
| No. of companies cited: 8 | ||||
| 2008 | 2007 | Firm | Score | Country |
| 1 | 1 | TOTVS | 30.43% | Brazil |
| 2 | Sonda | 23.91% | Colombia | |
| 3 | Datasul | 10.87% | Brazil | |
| 4= | Ideiasnet | 6.52% | Brazil | |
| 4= | Tivit | 6.52% | Brazil | |
| Media | ||||
| No. of companies cited: 7 | ||||
| 2008 | 2007 | Firm | Score | Country |
| 1 | 1 | Televisa | 37.88% | Mexico |
| 2 | 2 | Net Serviços | 27.27% | Brazil |
| 3 | Grupo Clarín | 12.12% | Argentina | |
| 4 | Globo | 10.61% | Brazil | |
| 5= | Cablemas | 4.55% | Mexico | |
| 5= | 3 | TV Azteca | 4.55% | Mexico |
| Metals and mining | ||||
| No. of companies cited: 20 | ||||
| 2008 | 2007 | Firm | Score | Country |
| 1 | 2 | Vale (CVRD) | 33.53% | Brazil |
| 2 | 4 | GMexico – Grupo México | 10.98% | Mexico |
| 3 | 3 | Cia de Minas Buenaventura | 10.40% | Peru |
| 4 | 10= | Peoles | 7.51% | Mexico |
| 5 | 1 | Southern Copper | 6.36% | Peru/Mexico |
| Oil and gas | ||||
| No. of companies cited: 11 | ||||
| 2008 | 2007 | Firm | Score | Country |
| 1 | 1 | Petrobras | 62.26% | Brazil |
| 2 | Ecopetrol | 10.38% | Colombia | |
| 3 | Comgás | 8.49% | Brazil | |
| Petrochemicals | ||||
| No. of companies cited: 7 | ||||
| 2008 | 2007 | Firm | Score | Country |
| 1 | 1 | Braskem | 46.43% | Brazil |
| 2 | 5 | Unipar | 21.43% | Brazil |
| 3 | Mexichem | 8.93% | Mexico | |
| Retail | ||||
| No. of companies cited: 21 | ||||
| 2008 | 2007 | Firm | Score | Country |
| 1 | 4 | Falabella | 16.60% | Chile |
| 2= | 5 | Cencosud | 13.77% | Chile |
| 2= | 1 | Wal-Mart de México | 13.77% | Mexico |
| 4 | 2 | La Polar | 11.74% | Chile |
| 5 | Lojas Renner | 8.10% | Brazil | |
| Technology | ||||
| No. of companies cited: 8 | ||||
| 2008 | 2007 | Firm | Score | Country |
| 1 | 1 | TOTVS | 31.11% | Brazil |
| 2 | Sonda | 15.56% | Colombia | |
| 3 | Positivo Informática | 13.33% | Brazil | |
| Telecoms cellular | ||||
| No. of companies cited: 11 | ||||
| 2008 | 2007 | Firm | Score | Country |
| 1 | 1 | América Móvil | 24.67% | Mexico |
| 2 | 3 | Entel | 22.67% | Chile |
| 3 | Vivo | 17.33% | Brazil | |
| 4 | 2 | TIM | 16.67% | Brazil |
| 5 | Telecom Personal | 5.33% | Argentina | |
| Telecoms fixed | ||||
| No. of companies cited: 10 | ||||
| 2008 | 2007 | Firm | Score | Country |
| 1 | 1 | Telmex | 17.50% | Mexico |
| 2= | Brasil Telecom | 15.00% | Brazil | |
| 2= | 5= | Telemar | 15.00% | Brazil |
| 4 | GVT | 13.33% | Brazil | |
| 5 | 2 | Axtel | 10.00% | Mexico |
| Transport and shipping | ||||
| No. of companies cited: 12 | ||||
| 2008 | 2007 | Firm | Score | Country |
| 1 | América Latina Logística | 20.25% | Brazil | |
| 2 | Login Logística | 18.99% | Brazil | |
| 3 | 3 | Grupo Aeroportuario del Pacifico | 13.92% | Mexico |
| 4 | Companhia de Concessões Rodoviárias | 8.86% | Brazil | |
| Utilities | ||||
| No. of companies cited: 22 | ||||
| 2008 | 2007 | Firm | Score | Country |
| 1 | 3= | Enersis | 11.86% | Chile |
| 2 | CPFL Energia | 11.34% | Brazil | |
| 3 | Cemig | 10.82% | Brazil | |
| 4 | 9 | AES Gener | 7.73% | Chile |
| 5 | Edenor | 7.22% | Peru | |
