European conglomerate SAP holds the title of most valuable company in Europe, as determined by EY's evaluation.
In the vast landscape of the global market, a number of German companies have made significant strides, securing notable positions in the list of the most valuable companies by market capitalization in 2022.
The German automaker, Volkswagen, boasts a market capitalization of $120 billion, while engineering giants such as Siemens, Thyssenkrupp, and Rheinmetall hold market capitalizations of $199 billion, $10 billion, and $110 billion respectively. German chemicals company BASF stands at $70 billion.
Among the German companies, Mercedes-Benz emerged as the most valuable carmaker, ranking at 74th place with a market capitalization of $110 billion, surpassing BMW's $90 billion.
One of the standout performers of the year was SAP, Europe's most valuable company, with a market capitalization of approximately $400 billion as of the end of December 2022. SAP's stock soared by 24 percent and 12 percent in the first and second half of the year respectively, making it one of the fastest-growing companies in the list. This growth propelled SAP to overtake Danish pharmaceutical company Novo Nordisk and French luxury group LVMH in the "Top 100" most valuable companies.
Siemens also experienced impressive growth, with its stock price increasing by 20 percent in the second half of the year. This growth pushed Siemens Energy's stock market value to $91 billion, doubling its initial market capitalization. As a result, Siemens improved its ranking from 94th to 74th in the "Top 100" most valuable companies.
Rheinmetall, another German engineering company, more than tripled its stock market value in the first half of the year to $110 billion, marking a remarkable growth in the company's value.
It is important to note that the top 5 most valuable companies in 2022 were Apple, Microsoft, Alphabet (Google), Amazon, and Berkshire Hathaway, each with a market cap ranging from $680 billion to over $2 trillion. The list was heavily dominated by technology, healthcare, and finance sectors.
While a full listing of the top 300 companies by market cap in 2022 is not provided here, public sources like the Wikipedia page for "List of public corporations by market capitalization" and financial databases can be referenced for complete data.
In conclusion, German companies have demonstrated robust growth and significant value in the global market, with SAP leading the charge as Europe's most valuable company and several others securing impressive positions in the "Top 100" most valuable companies.
The community policy within these German companies, such as Volkswagen, Siemens, SAP, and others, might outline their responsibilities towards their employees and the communities they operate in, focusing on sustainability and ethics.
Investing in stocks of these German companies could prove beneficial for those interested in the stock-market, given the impressive market capitalizations and growth seen in companies like SAP and Siemens, particularly in the second half of 2022.