Yahoo Finance Exploring Three TSX Growth Companies With High Insider Ownership
In recent times, the Canadian market has shown resilience, navigating through economic fluctuations with notable stability. This backdrop sets an interesting stage for investors looking into growth companies on the TSX with high insider ownership—a characteristic that often signals strong confidence in a company's future from those who know it best.
Top 10 Growth Companies With High Insider Ownership In Canada
Name | Insider Ownership | Earnings Growth |
goeasy (TSX:GSY) | 21.7% | 15.9% |
Payfare (TSX:PAY) | 15% | 58.5% |
Aritzia (TSX:ATZ) | 19% | 51.6% |
Aya Gold & Silver (TSX:AYA) | 10.2% | 43.6% |
Allied Gold (TSX:AAUC) | 22.4% | 63.2% |
ROK Resources (TSXV:ROK) | 16.6% | 135.9% |
Silver X Mining (TSXV:AGX) | 14.3% | 133.8% |
Ivanhoe Mines (TSX:IVN) | 13.1% | 38% |
Almonty Industries (TSX:AII) | 12.6% | 82.1% |
UGE International (TSXV:UGE) | 35.4% | 63.5% |
Let's take a closer look at a couple of our picks from the screened companies.
Colliers International Group
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Colliers International Group Inc. operates globally, offering commercial real estate professional and investment management services, with a market capitalization of approximately CA$7.99 billion.
Operations: The company generates revenue from diverse geographical segments, including CA$2.53 billion from the Americas, CA$616.58 million from Asia Pacific, CA$489.23 million from Investment Management, and CA$730.10 million from Europe, Middle East & Africa (EMEA).
Insider Ownership: 14.2%
Colliers International Group has demonstrated a strong financial recovery with its first-quarter sales reaching US$1.00 billion, up from the previous year, and shifting from a net loss to a profit of US$12.66 million. The company is optimistic, projecting revenue growth of 5% to 10% for 2024, outpacing last year's decline. Despite this positive outlook and recent successful equity offerings raising approximately US$300 million aimed at funding growth initiatives, insider transactions have not shown significant buying activity in the past three months, which may raise questions about internal confidence levels.
Canada Goose Holdings
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Canada Goose Holdings Inc. operates globally, designing, manufacturing, and selling performance luxury apparel across various demographics, with a market capitalization of approximately CA$1.50 billion.
Operations: The company generates revenue primarily through its Wholesale segment, which brought in CA$316.40 million, and its Direct-To-Consumer segment, with sales of CA$906.70 million.
Insider Ownership: 20.7%
Canada Goose Holdings Inc. recently reported a substantial increase in fourth-quarter sales to CAD 358 million, marking a significant recovery with net income of CAD 5 million compared to a loss the previous year. The company's earnings are expected to grow by 31% annually, outpacing the Canadian market average. However, despite these positive trends and management restructuring aimed at enhancing operations and global store strategies, Canada Goose faces challenges with low forecasted return on equity and profit margins that have declined from last year.
Vitalhub
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Vitalhub Corp. offers technology solutions for health and human service providers across Canada, the U.S., the U.K., Australia, Western Asia, and other international markets, with a market capitalization of approximately CA$361.29 million.
Operations: The firm generates its revenue by providing technology solutions to health and human service providers in various international markets.
Insider Ownership: 15.1%
Vitalhub Corp. has shown robust growth, with recent first-quarter earnings significantly up from the previous year, reporting CAD 15.26 million in revenue and CAD 1.32 million in net income. Earnings are projected to grow by 37.7% annually, outstripping the Canadian market's average. Despite this rapid growth and substantial insider buying recently, revenue growth forecasts remain moderate at 12.8% annually, and there have been concerns about one-off items affecting financial results and shareholder dilution over the past year.
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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 TSX:CIGITSX:GOOSTSX:VHI and
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