Yahoo Finance May 2024 ASX Guide To Growth Companies With High Insider Ownership
As of May 2024, the Australian Securities Exchange (ASX) has shown a robust performance with nearly all sectors closing in the green, signaling a positive momentum across various industries. This backdrop provides an intriguing context for investors interested in growth companies with high insider ownership, as these firms often benefit from aligned interests between management and shareholders, potentially enhancing stability and confidence amidst fluctuating market conditions.
Top 10 Growth Companies With High Insider Ownership In Australia
Name | Insider Ownership | Earnings Growth |
Hartshead Resources (ASX:HHR) | 13.9% | 86.3% |
Cettire (ASX:CTT) | 28.7% | 29.9% |
Gratifii (ASX:GTI) | 15.6% | 112.4% |
Acrux (ASX:ACR) | 14.6% | 115.3% |
Doctor Care Anywhere Group (ASX:DOC) | 28.4% | 96.4% |
Hillgrove Resources (ASX:HGO) | 10.4% | 45.4% |
Alpha HPA (ASX:A4N) | 28.3% | 95.9% |
Liontown Resources (ASX:LTR) | 16.4% | 63.9% |
SiteMinder (ASX:SDR) | 11.4% | 69.4% |
Plenti Group (ASX:PLT) | 12.6% | 68.5% |
We'll examine a selection from our screener results.
Emerald Resources
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Emerald Resources NL is a company focused on the exploration and development of mineral reserves in Cambodia and Australia, with a market capitalization of approximately A$2.47 billion.
Operations: The primary revenue for the company is generated from mine operations, totaling approximately A$339.32 million.
Insider Ownership: 18.5%
Emerald Resources, an Australian growth company with high insider ownership, has shown robust performance with a 53.4% increase in earnings over the past year. The company's earnings are expected to grow by 22.76% annually, outpacing the Australian market's average of 13.6%. Despite trading at 73.1% below its estimated fair value and experiencing shareholder dilution last year, EMR's revenue is forecasted to grow faster than the market at 19.4% per year. Recent financials indicate a significant rise in sales and net income for the second half of 2023.
Our valuation report unveils the possibility Emerald Resources' shares may be trading at a discount.
Mineral Resources
Simply Wall St Growth Rating: ★★★★★☆
Overview: Mineral Resources Limited is a mining services company based in Australia, with operations extending to Asia and internationally, and has a market capitalization of approximately A$15.21 billion.
Operations: The company generates revenue from three primary segments: lithium (A$1.60 billion), iron ore (A$2.50 billion), and mining services (A$2.82 billion).
Insider Ownership: 11.6%
Mineral Resources, an Australian growth company with high insider ownership, is trading at A$29.3% below its estimated fair value, indicating potential undervaluation. While its revenue growth of 10.7% per year is expected to outpace the Australian market average of 5%, its earnings are projected to surge by 29.19% annually over the next three years—significantly higher than market forecasts. However, concerns linger as profit margins have declined from last year's 16.3% to 7.9%, and interest payments are not well covered by earnings, reflecting some financial strain despite strong growth prospects.
Vulcan Steel
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Vulcan Steel Limited operates in New Zealand and Australia, focusing on the sale and distribution of steel and metal products, with a market capitalization of approximately A$906.72 million.
Operations: The company generates revenue primarily through the metals segment, which contributed NZ$638.86 million, and the wholesale miscellaneous segment, which added NZ$532.02 million.
Insider Ownership: 34.5%
Vulcan Steel, a growth company with high insider ownership in Australia, is anticipated to see its earnings grow by 27.1% annually, outpacing the Australian market average. Despite this robust profit outlook and very high forecasted Return on Equity of 40.1% in three years, revenue growth is sluggish at 2.4% per year, below the market's 5%. Additionally, Vulcan has a high level of debt and its dividend coverage by earnings is weak. Recent insider activities show more buying than selling, although not in large volumes.
Taking Advantage
Dive into all 90 of the Fast Growing ASX Companies With High Insider Ownership we have identified here.
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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:EMRASX:MIN ASX:VSL and
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