These are the world's top 20 innovative companies

Which companies performed the best?

US car giant Tesla has been named the world’s most innovative company by Forbes.

The influential magazine’s sixth annual list of the World’s Most Innovative Companies consists of firms that investors feel are most likely to come up with the next big innovation.

Companies are ranked by their innovation premium: the difference between their market capitalization and the net present value of cash flows from existing businesses.

UK companies featured on the list include Arm Holdings, Reckitt Benckiser, and ITV.

The Top 20 Most Innovative Companies:

1. TESLA MOTORS
2. SALESFORCE.COM          
3. REGENERON PHARMACEUTICALS            
4. INCYTE CORP
5. ALEXION PHARMACEUTICALS INC           
6. UNDER ARMOUR INC    
7. MONSTER BEVERAGE CORP       
8. UNILEVER INDONESIA TBK PT    
9. VERTEX PHARMACEUTICALS INC
10. BIOMARIN PHARMACEUTICAL INC         
11. AMAZON.COM INC        
12. ARM HOLDINGS
13. NAVER
14. FLEETCOR TECHNOLOGIES INC  
15. NETFLIX INC
16. SHANGHAI RAAS BLOOD PRODUCTS COMPANY LIMITED
17. RAKUTEN           
18. ASIAN PAINTS LIMITED
19. LG HOUSEHOLD & HEALTH CARE
20. VERISK ANALYTICS INC

UK companies on Forbes’ Most Innovative Companies list:

ARM HOLDINGS PLC

Rank: 12

RECKITT BENCKISER GROUP PLC

Rank: 51              

SMITH & NEPHEW PLC

Rank: 70

EXPERIAN PLC

Rank: 71

SABMILLER PLC

Rank: 79

CAPITA PLC

Rank: 86              

ITV

Rank:  97