Yahoo Finance Insider-Owned Growth Companies To Watch In May 2024
The Australian market has shown robust performance recently, with a 3.1% increase over the last week and an 8.1% rise over the past year, alongside forecasts predicting annual earnings growth of 13%. In this context, stocks with high insider ownership can be particularly compelling, as they often indicate that those who know the company best are confident in its future growth potential.
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% | 64.3% |
Plenti Group (ASX:PLT) | 12.6% | 68.5% |
Chrysos (ASX:C79) | 22.2% | 57.5% |
We'll examine a selection from our screener results.
Aussie Broadband
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Aussie Broadband Limited offers telecommunications services to both residential and business customers across Australia, with a market capitalization of approximately A$1.13 billion.
Operations: The company generates revenue through four primary segments: Residential (A$549.59 million), Wholesale (A$125.25 million), Business (A$94.21 million), and Enterprise and Government (A$85.85 million).
Insider Ownership: 10.9%
Earnings Growth Forecast: 27.1% p.a.
Aussie Broadband, reflecting a robust growth trajectory, reported a significant earnings increase of 83.8% over the past year. Despite trading at 63% below its estimated fair value, concerns linger as its Return on Equity is expected to remain low at 11%. However, with earnings forecasted to grow by 27.06% annually and revenue anticipated to expand by 13% per year—outpacing the Australian market's average—Aussie Broadband demonstrates promising growth potential amidst some financial underperformance indicators.
Cettire
Simply Wall St Growth Rating: ★★★★★★
Overview: Cettire Limited operates as an online retailer of luxury goods, serving customers in Australia, the United States, and globally, with a market capitalization of approximately A$1.30 billion.
Operations: The company generates its revenue primarily through online retail sales, which amounted to A$582.79 million.
Insider Ownership: 28.7%
Earnings Growth Forecast: 29.9% p.a.
Cettire has recently transitioned to profitability and is poised for substantial growth, with earnings expected to increase by 29.92% annually and revenue projected to grow at 24% per year—both metrics outpacing the Australian market averages. Despite a high forecast Return on Equity of 36.5%, there has been no significant insider buying in the past three months, and shareholders have experienced dilution over the past year. Additionally, Cettire trades at a considerable discount, valued at 50.1% below its estimated fair value.
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$2.20 billion.
Operations: The company generates revenue primarily from mine operations, totaling approximately A$339.32 million.
Insider Ownership: 17.1%
Earnings Growth Forecast: 22.8% p.a.
Emerald Resources showcased robust half-year earnings growth, with sales jumping to A$176.75 million and net income increasing to A$46.87 million. The company's revenue is expected to grow by 19.4% annually, surpassing the Australian market average of 5%. Despite this, Emerald's Return on Equity is projected at a modest 17.9% in three years. Trading significantly below its fair value, Emerald offers potential upside but has experienced shareholder dilution over the past year without recent insider buying activity.
Taking Advantage
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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:ABB ASX:CTT and ASX:EMR.
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