Unicorn comps: 60 Internet Stocks worth US$1 billion or more

I consider myself a relatively boring, probability of cashflows investor not easily attracted to hyper-growth promises of many Internet company investments.  Nonetheless, I have slowly started to get more interested in established Internet companies as I see them developing moats and staying power that make them sustainable cash cows more than bets on speculative upside.  Perhaps even more than banks, many of these are services many people I know use every day, if not every hour, so it is perhaps not surprising that the largest ones rival the biggest banks in overall market cap size.

Here is a list of the 60 largest listed Internet companies as of January 2017, most or all of which have a market cap over US$1 billion, which has been the minimum valuation threshold for “unicorn” private, non-listed companies like Uber or AirBnB:

RIC Name  USD Market Cap (Millions)
GOOGL.O Alphabet Inc  $549,544
FB.O Facebook Inc  $342,085
0700.HK Tencent Holdings Ltd  $231,469
BABA.K Alibaba Group Holding Ltd  $219,190
NPSNY.PK Naspers Ltd  $64,902
BIDU.O Baidu Inc  $58,385
NFLX.O Netflix Inc  $55,536
PYPL.O PayPal Holdings Inc  $49,472
YHOO.O Yahoo! Inc  $38,222
JD.O JD.com Inc  $37,310
EBAY.O eBay Inc  $33,269
4689.T Yahoo Japan Corp  $21,904
4755.T Rakuten Inc  $14,054
TWTR.K Twitter Inc  $12,053
WB.O Weibo Corp  $9,190
2413.T M3 Inc  $8,167
MELI.O MercadoLibre Inc  $7,322
YNDX.O Yandex NV  $6,649
3659.T Nexon Co Ltd  $6,309
IAC.O IAC/InterActiveCorp  $5,405
4732.T USS Co Ltd  $4,996
AUTOA.L Auto Trader Group PLC  $4,979
JE.L Just Eat PLC  $4,831
RMV.L Rightmove PLC  $4,537
SINA.O SINA Corp  $4,528
QUNR.O Qunar Cayman Islands Ltd  $4,425
MTCH.O Match Group Inc  $4,402
ATHN.O athenahealth Inc  $4,283
WUBA.K 58.com Inc  $4,146
G24n.DE Scout24 AG  $3,866
MAILRq.L Mail.ru Group Ltd  $3,794
2371.T Kakaku.com Inc  $3,614
RKET.DE Rocket Internet SE  $3,359
2432.T DeNA Co Ltd  $3,299
YELP.K Yelp Inc  $3,093
2121.T Mixi Inc  $2,995
ATHM.K Autohome Inc  $2,895
603000.SS People.cn Co Ltd  $2,832
CNV.O Cnova NV  $2,418
ZNGA.O Zynga Inc  $2,399
YY.O YY Inc  $2,109
3765.T GungHo Online Entertainment Inc  $2,031
MONY.L Moneysupermarket.Com Group PLC  $1,978
WBMD.O WebMD Health Corp  $1,965
SSTK.K Shutterstock Inc  $1,708
EGOV.O NIC Inc  $1,597
9449.T GMO Internet Inc  $1,484
SOHU.O Sohu.Com Inc  $1,424
TME.AX Trade Me Group Ltd  $1,406
BITA.K Bitauto Holdings Ltd  $1,393
ETSY.O Etsy Inc  $1,383
YRD Yirendai Ltd  $1,279
3632.T Gree Inc  $1,276
LTRPA.O Liberty Tripadvisor Holdings Inc  $1,218
CYOU.O Changyou.Com Ltd  $1,125
TRUE.O TrueCar Inc  $1,099
OBCGn.DE Xing AG  $1,041
2440.T Gurunavi Inc  $969
MIME.O Mimecast Ltd  $967
888.L 888 Holdings PLC  $967

 

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