Yahoo Finance Exploring Three TSX Growth Companies With High Insider Ownership
As the Canadian market continues to navigate through varying economic conditions, investors are keenly observing trends and strategies that could influence their investment decisions. One aspect of particular interest is the level of insider ownership in growth companies, which can 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 |
goeasy (TSX:GSY) | 21.7% | 15.9% |
Payfare (TSX:PAY) | 15% | 57.7% |
Allied Gold (TSX:AAUC) | 22.5% | 68.2% |
Aritzia (TSX:ATZ) | 19% | 51.2% |
ROK Resources (TSXV:ROK) | 16.6% | 159.6% |
Aya Gold & Silver (TSX:AYA) | 10.2% | 51.6% |
Ivanhoe Mines (TSX:IVN) | 13.2% | 65.3% |
Artemis Gold (TSXV:ARTG) | 31.8% | 48.8% |
Silver X Mining (TSXV:AGX) | 14.2% | 144.2% |
Almonty Industries (TSX:AII) | 12.4% | 82.1% |
Let's dive into some prime choices out of from the screener.
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 recreational use, with a market capitalization of CA$3.96 billion.
Operations: The company generates revenue primarily through two segments: Retail, which brought in $806.38 million, and Consumer Packaged Goods, contributing $583.78 million.
Insider Ownership: 10.9%
Earnings Growth Forecast: 23.5% p.a.
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 enhance its market presence and facilitate a U.S. listing. Financially, Green Thumb turned profitable this year with significant revenue growth forecasted at 10.3% annually, outpacing the Canadian market's 7.1%. However, insider transactions have been minimal in recent months and the company's Return on Equity is expected to remain low at 7.5% over the next three years.
Aritzia
Simply Wall St Growth Rating: ★★★★★☆
Overview: Aritzia Inc. is a company that designs, develops, and sells women's apparel and accessories in the United States and Canada, with a market capitalization of approximately CA$3.96 billion.
Operations: The company generates its revenue primarily from the sale of women's apparel, which amounted to CA$2.33 billion.
Insider Ownership: 19%
Earnings Growth Forecast: 51.2% p.a.
Aritzia Inc. has seen a decline in net profit margins from the previous year, with recent earnings highlighting a significant drop in net income despite higher sales. Despite this, the company is positioned for robust future growth, with earnings expected to increase by 51.2% annually over the next three years, outpacing broader market forecasts. Additionally, Aritzia's revenue growth projections remain above market expectations. The firm also actively returned capital to shareholders through a buyback program totaling CAD 30 million.
Navigate through the intricacies of Aritzia with our comprehensive analyst estimates report here.
Upon reviewing our latest valuation report, Aritzia's share price might be too pessimistic.
goeasy
Simply Wall St Growth Rating: ★★★★★☆
Overview: goeasy Ltd. operates in Canada, offering non-prime leasing and lending services through its easyhome, easyfinancial, and LendCare brands with a market capitalization of CA$3.10 billion.
Operations: The company generates revenue through its easyhome and easyfinancial segments, with CA$153.99 million from leasing services and CA$1.17 billion from lending services.
Insider Ownership: 21.7%
Earnings Growth Forecast: 15.9% p.a.
goeasy Ltd., a Canadian company, recently reported a solid increase in Q1 2024 earnings with net income rising to CAD 58.94 million from CAD 51.44 million year-over-year, and revenue growing to CAD 357.11 million from CAD 287.3 million. This performance underscores its rapid revenue growth, forecasted at 32.7% annually, outpacing the broader Canadian market's growth rate of 7.1%. However, despite these strong financials and high insider ownership emphasizing commitment, goeasy's debt levels raise concerns as they are not well covered by operating cash flow.
Get an in-depth perspective on goeasy's performance by reading our analyst estimates report here.
Our expertly prepared valuation report goeasy implies its share price may be lower than expected.
Next Steps
Delve into our full catalog of 31 Fast Growing TSX Companies With High Insider Ownership 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 CNSX:GTII TSX:ATZ and TSX:GSY.
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