Yahoo Finance June 2024 Insight Into TSX Growth Companies With High Insider Ownership
As of June 2024, Canada's market landscape continues to be shaped by evolving economic trends and shifting market conditions, as analyzed by experts like Craig Fehr. These factors are crucial for investors looking to understand the potential of growth companies with high insider ownership within the TSX. In this context, companies with significant insider ownership may offer unique advantages, as aligned interests between shareholders and management can foster robust governance and potentially enhance company performance.
Top 10 Growth Companies With High Insider Ownership In Canada
Name | Insider Ownership | Earnings Growth |
Payfare (TSX:PAY) | 15% | 57.7% |
goeasy (TSX:GSY) | 21.7% | 15.9% |
Vox Royalty (TSX:VOXR) | 12.4% | 77.3% |
Allied Gold (TSX:AAUC) | 22.5% | 68.2% |
Aritzia (TSX:ATZ) | 19% | 51.2% |
ROK Resources (TSXV:ROK) | 16.6% | 159.6% |
Aya Gold & Silver (TSX:AYA) | 10.2% | 51.6% |
Ivanhoe Mines (TSX:IVN) | 13.2% | 65.3% |
Artemis Gold (TSXV:ARTG) | 31.8% | 48.8% |
Almonty Industries (TSX:AII) | 12.3% | 105% |
Below we spotlight a couple of our favorites from our exclusive screener.
Green Thumb Industries
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Green Thumb Industries Inc. operates in the United States, focusing on the manufacturing, distribution, marketing, and sale of cannabis products for both medical and recreational use, with a market capitalization of approximately CA$3.86 billion.
Operations: The company's revenue is primarily generated from two segments: retail, which brought in $806.38 million, and consumer packaged goods, contributing $583.78 million.
Insider Ownership: 10.9%
Green Thumb Industries, a Canadian-listed cannabis producer, is actively pursuing growth through strategic mergers, evidenced by its recent proposal to merge with U.S.-based Boston Beer Company. This move could enhance its market presence and facilitate a U.S. listing. Despite insider transactions not being substantial recently, GTII insiders have shown more interest in buying than selling shares over the past three months. Financially, GTII's earnings are expected to grow significantly at 23.55% annually, outpacing the Canadian market forecast of 14.6%. However, its projected revenue growth of 10.3% per year is modest compared to some peers but still exceeds the broader Canadian market's expectation of 7.1%. The company's return on equity is anticipated to remain low at 7.5%, suggesting potential challenges in generating shareholder value relative to equity used.
Aritzia
Simply Wall St Growth Rating: ★★★★★☆
Overview: Aritzia Inc., a Canadian company, engages in the design, development, and sale of women's apparel and accessories primarily in the United States and Canada, with a market capitalization of approximately CA$4.14 billion.
Operations: The company generates its revenue primarily from the sale of women's apparel, amounting to CA$2.33 billion.
Insider Ownership: 19%
Aritzia's recent financial performance shows a dip in net income from CAD 187.59 million to CAD 78.78 million year-over-year, with a significant reduction in earnings per share. Despite this, the company is optimistic about future growth, projecting an 8% to 12% increase in net revenue for fiscal 2025. Aritzia's earnings are expected to surge by approximately 51% annually over the next three years, outstripping the Canadian market's forecast growth. However, its profit margins have contracted from last year’s levels, reflecting some operational challenges amidst expansion efforts.
Click here and access our complete growth analysis report to understand the dynamics of Aritzia.
Our valuation report unveils the possibility Aritzia's shares may be trading at a discount.
goeasy
Simply Wall St Growth Rating: ★★★★★☆
Overview: goeasy Ltd. operates in Canada, offering non-prime leasing and lending services through its easyhome, easyfinancial, and LendCare brands, with a market cap of approximately CA$3.12 billion.
Operations: The company generates revenue through its easyhome and easyfinancial segments, with CA$153.99 million from leasing services and CA$1.17 billion from lending services.
Insider Ownership: 21.7%
goeasy Ltd., a Canadian firm with substantial insider ownership, has shown robust financial growth, with revenue and earnings increasing significantly in the recent quarter. The company's leadership changes, including Patrick Ens's appointment as President of key brands, align with its strategic direction to enhance consumer credit services. Despite these positives, challenges such as high levels of non-cash earnings and dividends not well covered by cash flows persist. Overall, goeasy is positioned for continued growth but faces financial management hurdles.
Navigate through the intricacies of goeasy with our comprehensive analyst estimates report here.
Upon reviewing our latest valuation report, goeasy's share price might be too pessimistic.
Summing It All Up
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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 CNSX:GTIITSX:ATZ and TSX:GSY.
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