Advertisement
Canada markets closed
  • S&P/TSX

    22,059.03
    -184.99 (-0.83%)
     
  • S&P 500

    5,567.19
    +30.17 (+0.54%)
     
  • DOW

    39,375.87
    +67.87 (+0.17%)
     
  • CAD/USD

    0.7332
    -0.0015 (-0.20%)
     
  • CRUDE OIL

    83.44
    -0.44 (-0.52%)
     
  • Bitcoin CAD

    78,396.18
    +938.02 (+1.21%)
     
  • CMC Crypto 200

    1,194.95
    -13.74 (-1.14%)
     
  • GOLD FUTURES

    2,399.80
    +30.40 (+1.28%)
     
  • RUSSELL 2000

    2,026.73
    -9.90 (-0.49%)
     
  • 10-Yr Bond

    4.2720
    -0.0830 (-1.91%)
     
  • NASDAQ

    18,352.76
    +164.46 (+0.90%)
     
  • VOLATILITY

    12.48
    +0.22 (+1.79%)
     
  • FTSE

    8,203.93
    -37.33 (-0.45%)
     
  • NIKKEI 225

    40,912.37
    -1.28 (-0.00%)
     
  • CAD/EUR

    0.6762
    -0.0030 (-0.44%)
     

ASX Growth Companies With High Insider Ownership: Spotlight On Three Stocks

The Australian Securities Exchange (ASX) recently experienced a robust performance, closing up nearly 1.2% with notable gains in the materials sector. Amidst these market movements, understanding the significance of high insider ownership can be particularly relevant as it often reflects leadership's confidence in their company's growth trajectory and long-term prospects.

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%

26.7%

Acrux (ASX:ACR)

14.6%

115.3%

Change Financial (ASX:CCA)

26.6%

76.4%

Plenti Group (ASX:PLT)

12.8%

106.4%

Hillgrove Resources (ASX:HGO)

10.4%

45.4%

Biome Australia (ASX:BIO)

34.5%

114.4%

Liontown Resources (ASX:LTR)

16.4%

59.8%

CardieX (ASX:CDX)

12.2%

115.3%

Argosy Minerals (ASX:AGY)

14.5%

129.6%

Click here to see the full list of 89 stocks from our Fast Growing ASX Companies With High Insider Ownership screener.

ADVERTISEMENT

Below we spotlight a couple of our favorites from our exclusive screener.

Emerald Resources

Simply Wall St Growth Rating: ★★★★★☆

Overview: Emerald Resources NL, headquartered in Australia, is focused on the exploration and development of mineral reserves primarily in Cambodia, with a market capitalization of approximately A$2.39 billion.

Operations: The company generates A$339.32 million from its mine operations.

Insider Ownership: 18.5%

Return On Equity Forecast: 21% (2026 estimate)

Emerald Resources, an Australian growth company, exhibits high insider ownership with robust financial prospects. Despite some shareholder dilution over the past year, Emerald's earnings have surged by 53.4% and are projected to expand at a significant annual rate of 23.2%, outpacing the broader Australian market's expected growth. Revenue forecasts also show strong performance, growing faster than market averages at 18.6% per year, though slightly below the 20% high-growth benchmark.

ASX:EMR Ownership Breakdown as at Jul 2024
ASX:EMR Ownership Breakdown as at Jul 2024

Flight Centre Travel Group

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Flight Centre Travel Group Limited operates as a travel retailer serving both leisure and corporate sectors across various regions including Australia, New Zealand, the Americas, Europe, the Middle East, Africa, and Asia with a market capitalization of approximately A$4.62 billion.

Operations: The company generates revenue primarily through its leisure and corporate travel services, with A$1.28 billion from leisure and A$1.06 billion from corporate segments.

Insider Ownership: 13.3%

Return On Equity Forecast: 22% (2026 estimate)

Flight Centre Travel Group, while not a standout in high insider ownership growth categories in Australia, shows promising financial trends. The company is trading at 19.7% below its estimated fair value and has recently turned profitable. Forecasted earnings growth of 18.8% per year surpasses the Australian market average of 13%, with revenue also expected to grow faster at 9.7% annually compared to the market's 5.2%. However, its revenue growth does not meet the high-growth benchmark of 20%.

ASX:FLT Ownership Breakdown as at Jul 2024
ASX:FLT Ownership Breakdown as at Jul 2024

Mineral Resources

Simply Wall St Growth Rating: ★★★★★☆

Overview: Mineral Resources Limited is a mining services company operating in Australia, Asia, and internationally, with a market cap of approximately A$11.34 billion.

Operations: The company generates revenue from lithium (A$1.60 billion), iron ore (A$2.50 billion), and mining services (A$2.82 billion).

Insider Ownership: 11.6%

Return On Equity Forecast: 26% (2026 estimate)

Mineral Resources, despite not excelling in high insider ownership growth categories in Australia, demonstrates robust financial prospects. The company's earnings are expected to grow by 27.4% annually, outpacing the Australian market projection of 13.1%. However, its profit margins have declined from last year's 16.3% to 7.9%. Revenue growth forecasts at 12.1% annually also exceed market expectations but fall short of the high-growth threshold of 20%. Additionally, the stock is trading at a significant discount to its fair value.

ASX:MIN Earnings and Revenue Growth as at Jul 2024
ASX:MIN Earnings and Revenue Growth as at Jul 2024

Summing It All Up

Want To Explore Some Alternatives?

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:EMR ASX:FLT and ASX:MIN.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com