Yahoo Finance Galaxy Resources And Other Great Growth Stocks
Why invest in a stock whose growth outlook that lags behind the market? Investors looking for companies with extraordinary future prospects in terms of profitability and returns should look at the following high-growth stocks. Analysing the most recent financial data, I’ve created a list of companies that compare favourably in all criteria, making them potentially good additions to your portfolio.
Galaxy Resources Limited (ASX:GXY)
Galaxy Resources Limited engages in the production of lithium concentrate, and exploration of minerals in Australia, Canada, and Argentina. Galaxy Resources is currently led by CEO Anthony Tse. With a current market cap of AUD A$1.24B, we can put GXY in the small-cap stocks category
GXY’s projected future profit growth is a robust 37.18%, with an equally impressive underlying growth from its revenues expected over the upcoming years. An affirming signal is when net income increase is supported by top-line growth. Since net income isn’t artificially inflated by one-off initiatives such as cost-cutting, we know this profit growth is more likely to be sustainable. We see this bottom-line expansion directly benefiting shareholders, with expected positive return on equity of 6.26%. GXY’s bullish prospects on both the top and bottom lines make it an interesting stock to invest more time to understand how it can add value to your portfolio. Could this stock be your next pick? Check out its fundamental factors here.
James Hardie Industries plc (ASX:JHX)
James Hardie Industries plc, together with its subsidiaries, manufactures and sells fiber cement siding and backer board products. Started in 1888, and currently lead by Louis Gries, the company employs 3,709 people and with the market cap of AUD A$9.78B, it falls under the mid-cap category.
JHX is expected to deliver an extremely high earnings growth over the next couple of years of 24.80%, driven by a positive double-digit revenue growth of 39.25% and cost-cutting initiatives. An affirming signal is when net income increase is supported by top-line growth. Since net income isn’t artificially inflated by one-off initiatives such as cost-cutting, we know this profit growth is more likely to be sustainable. We see this bottom-line expansion directly benefiting shareholders, with expected return on equity coming in at a notable 241.88%. JHX ticks the boxes for robust growth generation on all levels of line items, which makes it an appealing stock to dig into deeper. A potential addition to your portfolio? I recommend researching its fundamentals here.
Pantoro Limited (ASX:PNR)
Pantoro Limited engages in the exploration of mineral properties. Pantoro is currently led by CEO Paul Cmrlec. With the stock’s market cap sitting at AUD A$267.74M, it comes under the small-cap group
PNR’s forecasted bottom line growth is an optimistic double-digit 29.00%, driven by the underlying 75.34% sales growth over the next few years. An affirming signal is when net income increase is supported by top-line growth. Since net income isn’t artificially inflated by one-off initiatives such as cost-cutting, we know this profit growth is more likely to be sustainable. This prospective profitability should trickle down to shareholders, with analysts expecting the company to generate a high double-digit return on equity of 25.72%. PNR’s impressive outlook on all aspects makes it a worthy company to spend more time to understand. Interested to learn more about PNR? Take a look at its other fundamentals here.
For more financially robust companies with high growth potential to enhance your portfolio, explore this interactive list of fast growing companies.
To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned.
