3 TSX Growth Companies With High Insider Ownership

The Canadian stock market has recently experienced notable volatility, with sharp daily gains and losses creating a rollercoaster effect for investors. In such uncertain times, identifying growth companies with high insider ownership can be particularly appealing, as insider confidence often signals strong potential and alignment of interests with shareholders.

Top 10 Growth Companies With High Insider Ownership In Canada

Name	Insider Ownership	Earnings Growth
Vox Royalty (TSX:VOXR)	12.6%	63.4%
Allied Gold (TSX:AAUC)	22.5%	68.9%
goeasy (TSX:GSY)	21.5%	17.1%
Payfare (TSX:PAY)	14.7%	37.7%
Medicenna Therapeutics (TSX:MDNA)	15.4%	57.2%
Ivanhoe Mines (TSX:IVN)	12.3%	40.9%
Alpha Cognition (CNSX:ACOG)	17.9%	66.5%
Aya Gold & Silver (TSX:AYA)	10.3%	68.5%
Magna Mining (TSXV:NICU)	10.6%	94.7%
Almonty Industries (TSX:AII)	17.7%	105%

Click here to see the full list of 36 stocks from our Fast Growing TSX Companies With High Insider Ownership screener.

Underneath we present a selection of stocks filtered out by our screen.

Canfor

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Canfor Corporation is an integrated forest products company with operations in the United States, Asia, Canada, Europe, and internationally, and has a market cap of CA$1.72 billion.

Operations: The company's revenue segments consist of Lumber at CA$4.67 billion and Pulp & Paper at CA$825 million.

Insider Ownership: 22.4%

Canfor is expected to become profitable within three years, boasting an annual earnings growth forecast of 71.82%. Analysts agree the stock price could rise by 33.9%, and it trades at a good value, 10.2% below its fair value estimate. Despite recent losses and a revenue decline, Canfor's revenue growth (6.7%) is still slightly above the Canadian market average (6.4%). Leadership changes include CEO Don Kayne retiring, with Susan Yurkovich set to succeed him in January 2025.

• Dive into the specifics of Canfor here with our thorough growth forecast report.

• The analysis detailed in our Canfor valuation report hints at an deflated share price compared to its estimated value.

TSX:CFP Ownership Breakdown as at Aug 2024

Knight Therapeutics

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Knight Therapeutics Inc. develops, manufactures, acquires, in-licenses, out-licenses, markets, and distributes pharmaceutical and consumer health products as well as medical devices worldwide with a market cap of CA$589.07 million.

Operations: Revenue Segments (in millions of CA$): Knight Therapeutics generates revenue through the development, manufacturing, acquisition, in-licensing, out-licensing, marketing, and distribution of pharmaceutical and consumer health products as well as medical devices globally.

Insider Ownership: 22.3%

Knight Therapeutics is forecast to achieve profitability within three years, with earnings expected to grow at 52.99% annually. Despite recent losses, the company raised its revenue guidance for 2024 to $355 million-$365 million (CAD). Analysts predict a stock price increase of 28.1%, and it trades at 68.7% below its fair value estimate. Insider activity shows significant buying over the past three months, indicating confidence in future performance despite low projected return on equity (5.8%).

• Take a closer look at Knight Therapeutics' potential here in our earnings growth report.

• Insights from our recent valuation report point to the potential undervaluation of Knight Therapeutics shares in the market.

TSX:GUD Ownership Breakdown as at Aug 2024

Vitalhub

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Vitalhub Corp. provides technology solutions for health and human service providers across several regions including Canada, the United States, the United Kingdom, Australia, Western Asia, and internationally with a market cap of CA$444.46 million.

Operations: The company's revenue segments are derived from providing technology solutions to health and human service providers across Canada, the United States, the United Kingdom, Australia, Western Asia, and other international markets.

Insider Ownership: 15.1%

Vitalhub's earnings are forecast to grow significantly at 63.3% annually, outpacing the Canadian market's 14.8%. Recent Q2 results show revenue rising to C$16.24 million from C$13.09 million year-over-year, although net income turned into a loss of C$0.335 million compared to a profit of C$0.621 million last year. Despite shareholder dilution and large one-off items impacting financial results, the stock trades at 53.9% below its fair value estimate, suggesting potential undervaluation for investors seeking growth opportunities with high insider ownership in Canada.

• Click to explore a detailed breakdown of our findings in Vitalhub's earnings growth report.

• The valuation report we've compiled suggests that Vitalhub's current price could be quite moderate.

TSX:VHI Ownership Breakdown as at Aug 2024

Seize The Opportunity

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Ready For A Different Approach?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.

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• Find companies with promising cash flow potential yet trading below their fair value.

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 TSX:CFP TSX:GUD and TSX:VHI.

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