Yahoo Finance Insider-Owned ASX Growth Companies To Watch In July 2024
The Australian market has shown robust growth, climbing 1.4% in the last week and achieving a 10% increase over the past year, with earnings projected to grow by 13% annually. In this environment, growth companies with high insider ownership can be particularly compelling, as they often indicate a strong alignment between company management and shareholder interests.
Top 10 Growth Companies With High Insider Ownership In Australia
Name | Insider Ownership | Earnings Growth |
Cettire (ASX:CTT) | 28.7% | 26.7% |
Clinuvel Pharmaceuticals (ASX:CUV) | 13.6% | 26.7% |
Acrux (ASX:ACR) | 14.6% | 115.3% |
Biome Australia (ASX:BIO) | 34.5% | 114.4% |
Liontown Resources (ASX:LTR) | 16.4% | 59.4% |
Ora Banda Mining (ASX:OBM) | 10.2% | 94.3% |
Hillgrove Resources (ASX:HGO) | 10.4% | 45.4% |
Change Financial (ASX:CCA) | 26.6% | 76.4% |
Plenti Group (ASX:PLT) | 12.8% | 106.4% |
DUG Technology (ASX:DUG) | 28.1% | 43.2% |
Let's explore several standout options from the results in the screener.
Emerald Resources
Simply Wall St Growth Rating: ★★★★★☆
Overview: Emerald Resources NL is a company focused on the exploration and development of mineral reserves in Cambodia and Australia, with a market capitalization of approximately A$2.53 billion.
Operations: The company generates revenue primarily from mine operations, totaling approximately A$339.32 million.
Insider Ownership: 18.5%
Emerald Resources, an Australian growth company, shows a promising outlook with significant earnings and revenue growth forecasts above market averages at 23.2% and 18.6% per year respectively. Despite recent shareholder dilution, EMR maintains high insider ownership with no substantial insider selling in the past three months. The projected Return on Equity is also strong at 20.7%, positioning it well for future performance despite some operational challenges.
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 Australia, New Zealand, the Americas, Europe, the Middle East, Africa, and Asia with a market capitalization of A$4.71 billion.
Operations: The company generates revenue primarily through its leisure and corporate travel segments, with A$1.28 billion from leisure travel and A$1.06 billion from corporate travel services.
Insider Ownership: 13.3%
Flight Centre Travel Group, positioned in the Australian market, exhibits a robust forecast with its Return on Equity expected to reach 21.8% in three years. While its revenue growth at 9.7% per year is below the high-growth benchmark of 20%, it surpasses the Australian market average of 5.3%. Earnings are anticipated to grow by 18.84% annually, outpacing the market's expectation of 13%. Additionally, FLT trades at a considerable discount, valued at 31% below its estimated fair value, although insider trading activity has been neutral recently.
Mesoblast
Simply Wall St Growth Rating: ★★★★★☆
Overview: Mesoblast Limited is a biotechnology company focused on developing regenerative medicine products, operating in Australia, the United States, Singapore, and Switzerland, with a market capitalization of approximately A$1.25 billion.
Operations: The company generates revenue primarily from its development of adult stem cell technology platform, totaling A$7.47 million.
Insider Ownership: 22.6%
Mesoblast Limited, an Australian biotech firm, is poised for significant growth with a projected annual revenue increase of 45.5%, notably outpacing the market's average. Despite facing profitability challenges, Mesoblast is expected to become profitable within three years and has shown a commitment to innovation in treatments for severe inflammatory conditions. Recent insider buying trends underscore strong confidence from within, although shareholder dilution over the past year tempers this optimism slightly. The company's recent resubmission of its BLA for Ryoncil highlights its potential in addressing unmet medical needs in pediatric care.
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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 ASX:EMR ASX:FLT and ASX:MSB.
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