5 Most Valuable Australian Companies

In this article, we are going to list the 5 Most Valuable Australian Companies. To read our detailed analysis of the Australian economy, please go to the 15 Most Valuable Australian Companies.

5. CSL Limited (ASX: CSL)

Market cap: $86.8 billion

Melbourne-based biotech giant CSL Limited ranks 5th on our list of the 15 most valuable Australian companies. The company develops plasma therapies through its CSL Behring segment and produces influenza vaccines through its CSL Seqirus segment. In February 2021, CSL announced its partnership with AstraZeneca (LON: AZN) to produce 30 million doses of the Oxford University vaccine. CSL has also joined the COVIg-19 Plasma Alliance, which develops anti-coronavirus hyperimmune intravenous immunoglobulin (H-Ig) medicine to treat hospitalized adults at risk of severe complications of COVID-19. Microsoft (NASDAQ: MSFT) provides technical support in the COVIg-19 Plasma Alliance website and Plasma Bot for donor recruitment.

Based on the half-year results that ended in December 2020, CSL announced total revenue of $5.7 billion, an increase of 16.9% compared to the same period in the previous year. Shares of CSL fell by 16.88% over the past twelve months.

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