Yahoo Finance Top ASX Growth Companies With High Insider Ownership For September 2024
The Australian market has been experiencing a dip, with the ASX200 expected to fall by 1.3% following weak sessions in the US and concerning jobs data pointing to an economic slowdown. Amid these uncertain times, investors often look for growth companies with high insider ownership, as this can be a sign of strong internal confidence and potential resilience in challenging market conditions.
Top 10 Growth Companies With High Insider Ownership In Australia
Name | Insider Ownership | Earnings Growth |
Hartshead Resources (ASX:HHR) | 13.9% | 102.6% |
Clinuvel Pharmaceuticals (ASX:CUV) | 13.6% | 27.4% |
Catalyst Metals (ASX:CYL) | 17.5% | 61.8% |
AVA Risk Group (ASX:AVA) | 15.7% | 118.8% |
Acrux (ASX:ACR) | 14.6% | 91.6% |
Hillgrove Resources (ASX:HGO) | 10.4% | 70.5% |
Adveritas (ASX:AV1) | 21.1% | 144.2% |
Liontown Resources (ASX:LTR) | 16.4% | 69.7% |
Plenti Group (ASX:PLT) | 12.8% | 106.4% |
Change Financial (ASX:CCA) | 26.6% | 102% |
We're going to check out a few of the best picks from our screener tool.
Cettire
Simply Wall St Growth Rating: ★★★★★☆
Overview: Cettire Limited operates as an online retailer of luxury goods in Australia, the United States, and internationally, with a market cap of A$553.99 million.
Operations: Cettire generates A$742.26 million from its online retail sales of luxury goods.
Insider Ownership: 34.1%
Earnings Growth Forecast: 29.0% p.a.
Cettire Limited, a growth company with high insider ownership in Australia, reported significant revenue growth of A$742.26 million for the fiscal year ending June 30, 2024, up from A$416.23 million the previous year. Despite a decline in net income to A$10.47 million from A$15.97 million, insiders have been buying more shares than selling over the past three months. The company's earnings are expected to grow significantly at 29% per year, outpacing the Australian market's forecasted growth of 12.1%.
Click here to discover the nuances of Cettire with our detailed analytical future growth report.
Upon reviewing our latest valuation report, Cettire's share price might be too optimistic.
Catalyst Metals
Simply Wall St Growth Rating: ★★★★★★
Overview: Catalyst Metals Limited explores and evaluates mineral properties in Australia, with a market cap of A$489.95 million.
Operations: Catalyst Metals Limited generates revenue from its operations in Tasmania (A$75.08 million) and Western Australia (A$243.77 million).
Insider Ownership: 17.5%
Earnings Growth Forecast: 61.8% p.a.
Catalyst Metals has demonstrated strong growth, with earnings projected to increase by 61.8% annually, significantly outpacing the Australian market's 12.1%. The company reported sales of A$317.01 million for the year ending June 30, 2024, up from A$63.94 million a year ago, and turned a net income of A$23.56 million compared to a loss previously. Despite past shareholder dilution, Catalyst's substantial insider ownership aligns management interests with shareholders' growth prospects.
Nanosonics
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Nanosonics Limited, with a market cap of A$1.08 billion, operates as a global infection prevention company.
Operations: Nanosonics generates revenue primarily from its Healthcare Equipment segment, which accounts for A$170.01 million.
Insider Ownership: 15.1%
Earnings Growth Forecast: 23.2% p.a.
Nanosonics' earnings are expected to grow significantly at 23.15% annually, outpacing the Australian market's 12.1%. Despite a recent dip in net income to A$12.97 million from A$19.88 million, the company trades at 30.1% below its estimated fair value, suggesting potential upside. Revenue is forecast to grow faster than the market at 8.7% per year but remains below high growth benchmarks of 20%. Insider trading information is unavailable for the past three months.
Delve into the full analysis future growth report here for a deeper understanding of Nanosonics.
Our valuation report here indicates Nanosonics may be overvalued.
Next Steps
Get an in-depth perspective on all 95 Fast Growing ASX Companies With High Insider Ownership by using our screener here.
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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:CTT ASX:CYL and ASX:NAN.
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