Yahoo Finance Pioneer Credit And Other Great Growth Stocks
Analysts are bullish on these following companies: Pioneer Credit, Syrah Resources, Reliance Worldwide. These companies are relatively strong financially, and have a great outlook in terms of profits and cash flow. Whether it be a well-known tech stock or a risky small-cap, I believe diversification towards growth can add value to your current holdings. Below I’ve compiled a list of stocks with a bright future ahead.
Pioneer Credit Limited (ASX:PNC)
Pioneer Credit Limited provides financial services in Australia. The company employs 500 people and with the company’s market cap sitting at AUD A$200.13M, it falls under the small-cap category.
PNC’s projected future profit growth is a robust 20.50%, with an equally impressive underlying growth from its revenues expected over the upcoming years. It appears that PNC’s profitability may be sustainable as the fundamental push is top-line expansion rather than unmaintainable cost-cutting activities. We see this bottom-line expansion directly benefiting shareholders, with expected positive return on equity of 18.63%. PNC ticks the boxes for high-growth generation on all levels of line items, which makes it an appealing stock to dig into deeper. A potential addition to your portfolio? Have a browse through its key fundamentals here.
Syrah Resources Limited (ASX:SYR)
Syrah Resources Limited, together with its subsidiaries, engages in the exploration, evaluation, and development of mineral properties in Mozambique. The company provides employment to 374 people and with the company’s market capitalisation at AUD A$919.07M, we can put it in the small-cap group.
SYR’s forecasted bottom line growth is an optimistic 47.97%, driven by the underlying strong triple-digit sales growth rate over the next few years. It appears that SYR’s profitability may be sustainable as the fundamental push is top-line expansion rather than unmaintainable cost-cutting activities. This prospective profitability should trickle down to shareholders, with analysts expecting the company to generate a positive return on equity of 18.87%. SYR ticks the boxes for high-growth generation on all levels of line items, which makes it an appealing stock to dig into deeper. Could this stock be your next pick? Check out its fundamental factors here.
Reliance Worldwide Corporation Limited (ASX:RWC)
Reliance Worldwide Corporation Limited designs, manufactures, and supplies water control systems and plumbing solutions for domestic, commercial, and industrial applications. Established in 1949, and headed by CEO Heath Sharp, the company now has 800 employees and with the market cap of AUD A$2.83B, it falls under the mid-cap stocks category.
Driven by the positive double-digit sales growth of 25.19% over the next few years, RWC is expected to deliver an excellent earnings growth of 20.94%. 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 33.86%. RWC’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. Interested to learn more about RWC? I recommend researching its 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.
