3 ASX Growth Companies With High Insider Ownership
The ASX200 has been creeping higher today, up 0.4% in lunchtime trade, as the market digests the RBA’s rate decision and governor Michelle Bullock's comments on the unlikelihood of a rate cut in the next six months. Amidst this backdrop, identifying growth companies with high insider ownership can be particularly appealing to investors seeking confidence in management's commitment and alignment with shareholder interests.
Top 10 Growth Companies With High Insider Ownership In Australia
Name | Insider Ownership | Earnings Growth |
Cettire (ASX:CTT) | 28.7% | 26.7% |
Acrux (ASX:ACR) | 14.6% | 115.6% |
Clinuvel Pharmaceuticals (ASX:CUV) | 13.6% | 26.8% |
Liontown Resources (ASX:LTR) | 16.4% | 63.5% |
Catalyst Metals (ASX:CYL) | 17.5% | 75.7% |
Hillgrove Resources (ASX:HGO) | 10.4% | 49.4% |
Lotus Resources (ASX:LOT) | 12.4% | 58.0% |
Adveritas (ASX:AV1) | 21.1% | 103.9% |
Plenti Group (ASX:PLT) | 12.8% | 106.4% |
Change Financial (ASX:CCA) | 26.6% | 77.9% |
Let's uncover some gems from our specialized screener.
Capricorn Metals
Simply Wall St Growth Rating: ★★★★★☆
Overview: Capricorn Metals Ltd focuses on the evaluation, exploration, development, and production of gold properties in Australia with a market cap of A$2.08 billion.
Operations: Karlawinda is the primary revenue segment, generating A$356.94 million.
Insider Ownership: 12.3%
Capricorn Metals presents a compelling case among growth companies with high insider ownership in Australia. Despite recent one-off items impacting financial results, the company is forecasted to achieve significant earnings growth of 27.05% annually over the next three years, outpacing the Australian market's 12.9%. Revenue is expected to grow at 13.6% per year, faster than the market average of 5.1%. Trading at a substantial discount to its estimated fair value and with an anticipated return on equity of 32.5%, Capricorn Metals remains an attractive prospect for investors focused on growth potential and strong insider alignment.
Dive into the specifics of Capricorn Metals here with our thorough growth forecast report.
Our valuation report unveils the possibility Capricorn Metals' shares may be trading at a premium.
Technology One
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Technology One Limited develops, markets, sells, implements, and supports integrated enterprise business software solutions in Australia and internationally with a market cap of A$6.63 billion.
Operations: The company's revenue segments include Software (A$317.24 million), Corporate (A$83.83 million), and Consulting (A$68.13 million).
Insider Ownership: 12.3%
Technology One stands out among Australian growth companies with high insider ownership. Earnings grew by 13.1% over the past year and are forecasted to increase at an annual rate of 14.79%, surpassing the market's 12.9%. Revenue is also expected to grow faster than the market, at 11.5% per year. The recent appointment of Paul Robson as a Non-Executive Director brings valuable SaaS expertise, supporting Technology One's strategic transformation and operational efficiency goals on its global SaaS platform.
Delve into the full analysis future growth report here for a deeper understanding of Technology One.
Temple & Webster Group
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Temple & Webster Group Ltd (ASX:TPW) operates as an online retailer of furniture, homewares, and home improvement products in Australia, with a market cap of A$1.16 billion.
Operations: Revenue from the sale of furniture, homewares, and home improvement products in Australia amounted to A$442.25 million.
Insider Ownership: 12.9%
Temple & Webster Group exemplifies a growth company with high insider ownership in Australia. Its earnings are forecasted to grow significantly at 35.2% per year, outpacing the market's 12.9%. Revenue is also expected to rise at 19.3% annually, faster than the market's 5.1%. Recently, the company announced a share repurchase program for up to A$30 million, aiming for effective capital management while maintaining financial flexibility for growth opportunities.
Key Takeaways
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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:TNE and ASX:TPW.
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