ASX Growth Companies With High Insider Ownership October 2024
In This Article:
Amidst a slight downturn in the ASX200, which has been influenced by hotter-than-expected US inflation data, certain sectors like Energy have shown resilience with modest gains. In this fluctuating market environment, growth companies with high insider ownership can be particularly appealing as they often reflect strong confidence from those closest to the business, potentially aligning their interests with shareholders.
Top 10 Growth Companies With High Insider Ownership In Australia
| Name | Insider Ownership | Earnings Growth |
| Clinuvel Pharmaceuticals (ASX:CUV) | 10.4% | 27.4% |
| Genmin (ASX:GEN) | 12% | 117.7% |
| Catalyst Metals (ASX:CYL) | 17% | 49.1% |
| Hillgrove Resources (ASX:HGO) | 10.4% | 71.5% |
| AVA Risk Group (ASX:AVA) | 15.7% | 118.8% |
| Pointerra (ASX:3DP) | 20.1% | 126.4% |
| Liontown Resources (ASX:LTR) | 14.7% | 61% |
| Acrux (ASX:ACR) | 17.4% | 91.6% |
| Adveritas (ASX:AV1) | 21.1% | 144.2% |
| Plenti Group (ASX:PLT) | 12.8% | 106.4% |
Let's take a closer look at a couple of our picks from the screened companies.
Alpha HPA
Simply Wall St Growth Rating: ★★★★★☆
Overview: Alpha HPA Limited is a specialty metals and technology company with a market capitalization of A$1.25 billion.
Operations: The company's revenue is primarily derived from its HPA First Project, generating A$0.04 million.
Insider Ownership: 12.6%
Alpha HPA is experiencing rapid revenue growth, projected at over 100% annually, significantly outpacing the Australian market. Despite current low revenues (A$44K) and a net loss of A$24.98 million for the year ending June 2024, profitability is anticipated within three years. However, shareholder dilution has occurred recently and return on equity is forecasted to remain low at 4.3%. No substantial insider trading activity was reported in the past three months.
Aussie Broadband
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Aussie Broadband Limited offers telecommunications and technology services in Australia, with a market cap of A$1.13 billion.
Operations: The company's revenue is segmented into Business (A$96.97 million), Wholesale (A$159.73 million), Residential (A$585.07 million), Symbio Group (A$69.93 million), and Enterprise and Government (A$88.04 million).
Insider Ownership: 10.9%
Aussie Broadband is experiencing strong growth, with revenue reaching A$999.75 million and net income at A$26.38 million for fiscal year 2024. Earnings are projected to grow significantly by 27.3% annually, outpacing the Australian market's forecasted growth of 12.2%. Despite recent shareholder dilution and a relatively low return on equity forecast of 11.4%, the company trades below estimated fair value, indicating potential investment appeal amidst stable insider ownership and strategic leadership changes.