50 companies to follow in 2023 according to Bloomberg (11-20)
CATL Market cap: $128.3 billion CEO: Zeng Yuqun Claims 2023 revenue growth: 33 percent 12-month sales: $40.5 billion As the world’s largest battery manufacturer for electric vehicles, CATL’s profit margin could surprise positively in 2023 …..
01
CATL
Market price:$128.3 billion
CEO:Zeng Yuqun
Assumption of 2023 revenue growth:33 percent
12 month sales:$40.5 billion
As the world’s largest battery manufacturer for electric vehicles, CATL’s profit margin could surprise positively in 2023.
While Bloomberg analysts draw attention to the expectation of higher battery prices, lower lithium costs and a sustainable recovery in electric vehicle sales, raw material costs are likely to decline as the year progresses.
02
CF Industries
Market price:$20.2 billion
CEO:W. Anthony Will
2023 revenue growth forecast:– 14 percent
12 month sales:$11.1 billion
A protracted global gas supply crisis (used to produce nitrogen, which is essential to farmers) could give the US-based fertilizer producer a long-term increase in cash flow.
CF’s access to low-cost US gas is expected to help its European and Asian counterparts earn higher margins than many.
03
China Gas
Market price:$5.8 billion
CEO:Liu Minghui
Assumption of 2023 revenue growth:12 percent
12 month sales:$11.3 billion
Market assumptions for China Gas’ financial profit 2023-2024 focus on recovery in demand and growth in housing volumes.
On the other hand, the market pays little attention to rising gas costs and the Chinese government’s delayed adjustment of urban gas tariffs due to rising inflation.
Bloomberg analysts are focusing on a profit margin contraction that could reduce assumptions by a third.
04
Chubb
Market price:$87.3 billion
CEO:Evan Greenberg
Assumption of 2023 revenue growth:7 percent
12 month sales:$42.8 billion
Bloomberg analysts think the position and expertise of Chubb, one of the world’s largest insurers, could be a source of profit this year.
05
cognizant
Market price:$29.9 billion
CEO:Brian Humphries
Claims for 2023 revenue growth:4 percent
12 month sales:$19.4 billion
The IT services consultant’s 2023 sales growth risks falling short of the market expectation of 7 percent.
The company is not as well positioned as its peers to capitalize on the structural growth opportunities of digital services and has the worst attrition in the branch.
These factors may mean that Cognizant is more vulnerable to weakening macroeconomic trends.
Bloomberg analysis shows a 10 percent risk in operating income and interest assumptions in 2023.
06
computershare
Market value:$11.2 billion
CEO:Stuart Irving
Assumption of 2023 revenue growth:15 percent
12 month sales:$2.6 billion
The company’s profit is based primarily on revenue from customer balances denominated in US dollars, British pounds sterling, Canadian dollars and Australian dollars.
The return on these assets could jump from 0.6 percent in FY 2022 to 2.3 percent in FY 2023 and 2.7 percent in 2024, helping Computershare exceed market expectations for 2023 profits by up to 40 percent.
07
Consultation Brands
Market value:$46.6 billion
CEO:William Newlands
Claims for 2023 revenue growth:5 percent
12 month sales:$9.4 billion
The beverage maker may be ready to undertake mergers and acquisitions in 2023 to accelerate growth.
Portfolio restructuring in November could continue with a critical consensus that could expand the beer business’s footprint, expand the wine and spirits segment, and create a cross-country footprint.
08
Cooper Cos.
Market price:$15.2 billion
CEO:Albert White III
Claims for 2023 revenue growth:5 percent
12 month sales:$2.9 billion
Rising growth in the contact lens market and higher myopia rates could draw attention to the eye care company this year.
Cooper Cos.’s new myopic-slowing creations for kids, MiSight contacts and SightGlass glasses (joint venture with EssilorLuxottica) may be more catalysts.
