St. Louis Business Journal
by Rebecca Lindstrom Wohltman
July 27, 2011
Monsanto Co. ranks No. 10 on Forbes ’ list of the world’s most innovative companies.
The magazine said the rankings are calculated using an “innovation premium,” which measures the difference between the value of the company’s existing businesses and its expected future innovations. Monsanto received an innovation premium of 42.6 percent.
Monsanto’s development of pesticides, herbicides and seeds that work in tandem on a wide scale earned the company the highest ranking of all chemical companies on the list. Monsanto also received mention for its invention of EverMild onion, a sweet onion that has less bite and triggers fewer tears than a traditional onion, and Beneforté broccoli, which boosts antioxidant enzymes twice as much as other broccoli.
Monsanto averaged 13.4 percent growth in sales and 44.7 percent growth in net income over the last five years. Forbes calculated the enterprise value (market capitalization plus net debt) at $41.3 billion. Monsanto is one of the largest public companies in St. Louis with $10.5 billion in annual revenue.
"Monsanto is proud to be recognized as a leading innovator not only in agriculture, but among all businesses," Chief Technology Officer Robb Fraley said Wednesday. "Using the latest science and innovations, we work hard to develop better products that help make farmers more productive using fewer precious resources to feed, fuel and clothe our growing planet."