ASX Growth Companies With High Insider Ownership September 2024
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The Australian stock market has been experiencing significant activity, with the ASX200 reaching an all-time high of 8,186 points before stabilizing slightly lower. Amidst this backdrop of economic adjustments and sectoral shifts, identifying growth companies with high insider ownership can provide valuable insights into potential investment opportunities.
Top 10 Growth Companies With High Insider Ownership In Australia
| Name | Insider Ownership | Earnings Growth |
| Clinuvel Pharmaceuticals (ASX:CUV) | 10.4% | 27.4% |
| Catalyst Metals (ASX:CYL) | 17% | 54.5% |
| AVA Risk Group (ASX:AVA) | 15.7% | 118.8% |
| Genmin (ASX:GEN) | 12% | 117.7% |
| Hillgrove Resources (ASX:HGO) | 10.4% | 70.9% |
| Pointerra (ASX:3DP) | 18.7% | 126.4% |
| Liontown Resources (ASX:LTR) | 16.4% | 69.4% |
| Acrux (ASX:ACR) | 17.4% | 91.6% |
| Adveritas (ASX:AV1) | 21.1% | 144.2% |
| Plenti Group (ASX:PLT) | 12.8% | 106.4% |
We'll examine a selection from our screener results.
Capricorn Metals
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Capricorn Metals Ltd is an Australian company involved in the evaluation, exploration, development, and production of gold properties with a market cap of A$2.34 billion.
Operations: Capricorn Metals Ltd generates revenue primarily from its Karlawinda gold property, amounting to A$359.73 million.
Insider Ownership: 11.9%
Capricorn Metals has demonstrated impressive growth, with earnings surging to A$87.14 million for the year ending June 30, 2024, compared to A$4.4 million a year ago. The company’s Karlawinda Gold Project expansion study indicates significant potential for increased production capacity. Insider ownership remains high, aligning management's interests with shareholders'. Revenue and earnings are forecast to grow faster than the Australian market at 18.6% and 19.9% per year respectively, though not exceeding 20%.
Mineral Resources
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Mineral Resources Limited, with a market cap of A$7.23 billion, operates as a mining services company in Australia, Asia, and internationally through its subsidiaries.
Operations: Revenue segments for Mineral Resources Limited include Energy (A$16 million), Lithium (A$1.41 billion), Iron Ore (A$2.58 billion), and Mining Services (A$3.38 billion).
Insider Ownership: 11.7%
Mineral Resources Limited reported full-year sales of A$5.28 billion, up from A$4.78 billion last year, though net income dropped to A$125 million from A$243 million. Despite lower profit margins and earnings per share compared to the previous year, the company is forecasted to grow its earnings at 38.7% annually, outpacing the Australian market's 12.3%. Insider buying has been more frequent than selling recently, indicating confidence in future growth prospects despite challenges in covering interest payments with current earnings.