3 Swedish Growth Stocks With High Insider Ownership Expecting Up To 98% Earnings Growth
As European markets show signs of optimism with the pan-European STOXX Europe 600 Index climbing amid hopes for quicker interest rate cuts, Sweden's growth stocks are drawing attention for their potential to capitalize on these favorable conditions. In this context, companies with high insider ownership can be particularly appealing, as they often indicate strong confidence from those closest to the business and may offer promising prospects in a market environment where strategic positioning and robust governance are key.
Top 10 Growth Companies With High Insider Ownership In Sweden
Name | Insider Ownership | Earnings Growth |
CTT Systems (OM:CTT) | 16.9% | 24.8% |
Truecaller (OM:TRUE B) | 29.7% | 21.6% |
Magle Chemoswed Holding (OM:MAGLE) | 14.9% | 72.2% |
Biovica International (OM:BIOVIC B) | 18.3% | 78.5% |
BioArctic (OM:BIOA B) | 34% | 98.4% |
KebNi (OM:KEBNI B) | 36.3% | 86.1% |
Yubico (OM:YUBICO) | 37.5% | 42.2% |
InCoax Networks (OM:INCOAX) | 20.1% | 115.5% |
C-Rad (OM:CRAD B) | 16.1% | 33.9% |
OrganoClick (OM:ORGC) | 23.1% | 109.0% |
Let's explore several standout options from the results in the screener.
BioArctic
Simply Wall St Growth Rating: ★★★★★★
Overview: BioArctic AB (publ) focuses on developing biological drugs for central nervous system disorders in Sweden and has a market cap of SEK14.49 billion.
Operations: The company's revenue segment includes SEK299.35 million from its biotechnology operations.
Insider Ownership: 34%
Earnings Growth Forecast: 98.4% p.a.
BioArctic, a Swedish growth company with substantial insider ownership, is experiencing significant developments. Recent executive changes highlight the influence of major shareholders who control approximately 84% of voting rights. The company reported improved quarterly sales but still faces net losses. Despite high volatility, BioArctic's revenue and earnings are expected to grow rapidly over the next three years, outpacing market averages. The approval of Leqembi in multiple regions underscores its potential in Alzheimer's treatment advancement.
Rusta
Simply Wall St Growth Rating: ★★★★★☆
Overview: Rusta AB (publ) is a retailer of home and leisure products operating in Sweden, Norway, Finland, and Germany with a market cap of SEK12.36 billion.
Operations: The company's revenue is segmented as follows: SEK2.39 billion from Norway, SEK6.43 billion from Sweden, and SEK2.41 billion from other markets.
Insider Ownership: 10.2%
Earnings Growth Forecast: 21.5% p.a.
Rusta, a Swedish growth company with substantial insider ownership, is expanding aggressively with new store openings in Sweden and Norway, aligning with its long-term growth strategy. The company's earnings are projected to grow significantly at 21.5% annually, outpacing the Swedish market average. Recent financial results show improved sales of SEK 3.07 billion and net income of SEK 231 million for Q1 2024. Despite trading below estimated fair value, Rusta continues to invest in market expansion without recent insider trading activity noted.
Click here to discover the nuances of Rusta with our detailed analytical future growth report.
Our valuation report here indicates Rusta may be overvalued.
Truecaller
Simply Wall St Growth Rating: ★★★★★★
Overview: Truecaller AB (publ) develops and publishes mobile caller ID applications for individuals and businesses across India, the Middle East, Africa, and internationally, with a market cap of approximately SEK15.24 billion.
Operations: The company's revenue primarily comes from its communications software segment, which generated SEK1.72 billion.
Insider Ownership: 29.7%
Earnings Growth Forecast: 21.6% p.a.
Truecaller, with significant insider ownership, is positioned for strong growth with earnings expected to rise 21.6% annually, surpassing the Swedish market average. Recent strategic moves include a partnership with Halan to enhance communication security and appointing Seema Jindal in India to support regulatory compliance. Despite a drop in recent quarterly earnings, Truecaller trades below its estimated fair value and insiders have been net buyers over the past three months.
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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 OM:BIOA B OM:RUSTA and OM:TRUE B.
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