Saturday, November 16, 2024

3 ASX Growth Stocks With High Insider Ownership And Earnings Growth Up To 29%

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In the last week, the Australian market has been flat, but it has risen by 17% over the past year with earnings forecasted to grow by 12% annually. In this environment, growth companies with high insider ownership can be particularly appealing as they often indicate strong confidence from those closest to the business and may offer potential for significant earnings growth.

Top 10 Growth Companies With High Insider Ownership In Australia

Name

Insider Ownership

Earnings Growth

Clinuvel Pharmaceuticals (ASX:CUV)

10.4%

27.4%

Genmin (ASX:GEN)

12%

117.7%

Catalyst Metals (ASX:CYL)

17%

45.8%

AVA Risk Group (ASX:AVA)

15.7%

118.8%

Liontown Resources (ASX:LTR)

14.7%

61%

Hillgrove Resources (ASX:HGO)

10.4%

70.2%

Acrux (ASX:ACR)

17.4%

91.6%

Pointerra (ASX:3DP)

20.1%

126.4%

Adveritas (ASX:AV1)

21.2%

144.2%

Plenti Group (ASX:PLT)

12.8%

106.4%

Click here to see the full list of 98 stocks from our Fast Growing ASX Companies With High Insider Ownership screener.

Underneath we present a selection of stocks filtered out by our screen.

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Capricorn Metals Ltd is an Australian company focused on the evaluation, exploration, development, and production of gold properties with a market cap of A$2.28 billion.

Operations: The company’s revenue is primarily generated from its Karlawinda gold operations, amounting to A$359.73 million.

Insider Ownership: 11.9%

Earnings Growth Forecast: 17.9% p.a.

Capricorn Metals has demonstrated significant growth, with earnings increasing very substantially over the past year. Despite a forecasted revenue growth of 18.8% annually, which is above the Australian market average, it remains below 20%. The company trades at a substantial discount to its estimated fair value. Recent developments include an expansion study at the Karlawinda Gold Project, aiming to increase throughput by up to 55%, supporting long-term operational prospects and resource conversion.

ASX:CMM Earnings and Revenue Growth as at Oct 2024

ASX:CMM Earnings and Revenue Growth as at Oct 2024

Simply Wall St Growth Rating: ★★★★★☆

Overview: Cettire Limited operates as an online luxury goods retailer in Australia, the United States, and internationally, with a market cap of A$865.41 million.

Operations: The company generates revenue primarily through online retail sales, amounting to A$742.26 million.

Insider Ownership: 33.5%

Earnings Growth Forecast: 29.0% p.a.

Cettire demonstrates robust growth potential, with earnings projected to grow significantly at 29% annually, outpacing the Australian market. Despite a decline in profit margins to 1.4%, insider confidence remains strong with substantial insider buying and no major selling over three months. The company trades below its estimated fair value and anticipates continued revenue growth of 16.1% per year, supported by recent executive board changes enhancing strategic oversight and governance capabilities.

ASX:CTT Earnings and Revenue Growth as at Oct 2024ASX:CTT Earnings and Revenue Growth as at Oct 2024

ASX:CTT Earnings and Revenue Growth as at Oct 2024

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Emerald Resources NL is involved in the exploration and development of mineral reserves in Cambodia and Australia, with a market cap of A$2.64 billion.

Operations: The company’s revenue primarily comes from its mine operations, which generated A$366.04 million.

Insider Ownership: 18%

Earnings Growth Forecast: 16.2% p.a.

Emerald Resources exhibits strong growth potential, with forecasted revenue growth of 35.2% annually, surpassing the Australian market average. Despite past shareholder dilution and low projected return on equity of 19%, its earnings are expected to grow at 16.2% per year. Recent financial results show increased sales (A$371.07 million) and net income (A$84.27 million). The retirement of influential director Simon Lee may impact future strategic direction but reflects a stable leadership transition.

ASX:EMR Ownership Breakdown as at Oct 2024ASX:EMR Ownership Breakdown as at Oct 2024

ASX:EMR Ownership Breakdown as at Oct 2024

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.The analysis only considers stock directly held by insiders. It does not include indirectly owned stock through other vehicles such as corporate and/or trust entities. All forecast revenue and earnings growth rates quoted are in terms of annualised (per annum) growth rates over 1-3 years.

Companies discussed in this article include ASX:CMM ASX:CTT and ASX:EMR.

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