MMC Norilsk Nickel was rated 63 on the American magazine Forbes’ list of the world’s 100 most innovative companies.
Top companies are ranked based on the difference between their capitalization and discounted cash flow, a measure of investor confidence. The rating includes companies with a capitalization of over 10 billion dollars and 7 years of reporting. The list excludes banks and energy companies, whose valuation depends on commodities prices, rather than on innovation. Rating compilers state that the list is based on a subjective metric.
This year Salesforce, a company that develops customer relationship management software, tops the list. Tesla, an American electric car manufacturer is rated second, while the leading online retailer Amazon is rated number three. Magnit, another Russian company, was # 53 on the list.