Exploring Three TSX Growth Companies With High Insider Ownership

As the Canadian market experiences a period of stabilization and potential recovery, driven by recent rate cuts from the Bank of Canada, investors are keenly observing shifts within various sectors. In this context, growth companies with high insider ownership on the TSX stand out as potentially resilient investments, given that high insider ownership can often signal strong confidence in the company's future from those who know it best.

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%
Aritzia (TSX:ATZ)	19%	51.2%
Allied Gold (TSX:AAUC)	22.5%	68.2%
ROK Resources (TSXV:ROK)	16.6%	159.6%
Aya Gold & Silver (TSX:AYA)	10.2%	51.6%
Ivanhoe Mines (TSX:IVN)	13.1%	65.3%
Silver X Mining (TSXV:AGX)	14.2%	144.2%
Almonty Industries (TSX:AII)	12.3%	105%

Click here to see the full list of 30 stocks from our Fast Growing TSX Companies With High Insider Ownership screener.

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

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 adult use, with a market capitalization of approximately CA$3.98 billion.

Operations: The company generates revenue primarily through two segments: retail, which brought in CA$806.38 million, and consumer packaged goods, contributing CA$583.78 million.

Insider Ownership: 10.6%

Green Thumb Industries, a Canadian-listed cannabis producer, is actively pursuing growth through strategic mergers, exemplified by its recent proposal to merge with U.S.-based Boston Beer Company. This move could facilitate a U.S. listing and diversify product offerings. Financially, Green Thumb has turned profitable this year with significant revenue and earnings growth expected to outpace the Canadian market. However, insider transactions have not been substantial in recent months, indicating moderate insider confidence.

• Dive into the specifics of Green Thumb Industries here with our thorough growth forecast report.

• Our valuation report here indicates Green Thumb Industries may be overvalued.

CNSX:GTII Earnings and Revenue Growth as at Jun 2024

Aritzia

Simply Wall St Growth Rating: ★★★★★☆

Overview: Aritzia Inc. is a Canadian company that designs, develops, and sells women's apparel and accessories primarily in the United States and Canada, with a market capitalization of approximately CA$4.07 billion.

Operations: The company primarily generates revenue from the sale of women's apparel, totaling CA$2.33 billion.

Insider Ownership: 19%

Aritzia, a Canadian retailer, reported a decrease in net income to CAD 78.78 million from CAD 187.59 million year-over-year, with sales reaching CAD 2.33 billion. Despite this dip, the company forecasts revenue growth between 8% to 12% for fiscal 2025 and expects earnings to grow by an impressive annual rate of over 50%. However, profit margins have contracted significantly from last year. Insider transactions have been minimal recently, suggesting cautious insider sentiment despite the optimistic growth projections and substantial share buybacks completed earlier in the year.

• Click here to discover the nuances of Aritzia with our detailed analytical future growth report.

• Upon reviewing our latest valuation report, Aritzia's share price might be too pessimistic.

TSX:ATZ Earnings and Revenue Growth as at Jun 2024

goeasy

Simply Wall St Growth Rating: ★★★★★☆

Overview: goeasy Ltd., operating under the easyhome, easyfinancial, and LendCare brands, offers non-prime leasing and lending services to Canadian consumers with a market capitalization of approximately CA$3.24 billion.

Operations: The company generates revenue through its easyhome and easyfinancial segments, totaling CA$153.99 million and CA$1.17 billion respectively.

Insider Ownership: 21.7%

goeasy Ltd., a Canadian financial services company, has seen robust revenue growth, with recent figures showing a significant increase to CAD 357.11 million from CAD 287.3 million year-over-year. Despite challenges in covering its dividend payouts with cash flows, the firm continues to project strong future earnings growth at an annual rate of 15.95%, outpacing the broader Canadian market forecast of 14.6%. Recent executive appointments and insider buying activity, although not extensive, indicate a positive outlook and commitment at the leadership level.

• Click here and access our complete growth analysis report to understand the dynamics of goeasy.

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

TSX:GSY Earnings and Revenue Growth as at Jun 2024

Make It Happen

• Access the full spectrum of 30 Fast Growing TSX Companies With High Insider Ownership by clicking on this link.

• Already own these companies? Link your portfolio to Simply Wall St and get alerts on any new warning signs to your stocks.

• Unlock the power of informed investing with Simply Wall St, your free guide to navigating stock markets worldwide.

Searching for a Fresh Perspective?

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

• Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence.

• 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 CNSX:GTII TSX:ATZ and TSX:GSY

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