ASX Growth Companies With High Insider Ownership October 2024
In a day marked by minimal movement, the ASX200 edged up just 0.09% to close at 8,205 points as investors weighed the implications of rising geopolitical tensions in the Middle East. With sectors like Real Estate and Telecommunications showing modest gains, market participants are increasingly focusing on companies with strong growth potential and significant insider ownership as a strategy to navigate these uncertain times. In this context, identifying growth companies with high insider ownership can provide insights into management's confidence in their business prospects amidst current market conditions.
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% |
Genmin (ASX:GEN) | 12% | 117.7% |
Hillgrove Resources (ASX:HGO) | 10.4% | 71.5% |
AVA Risk Group (ASX:AVA) | 15.7% | 118.8% |
Pointerra (ASX:3DP) | 18.7% | 126.4% |
Liontown Resources (ASX:LTR) | 16.4% | 49.8% |
Acrux (ASX:ACR) | 17.4% | 91.6% |
Adveritas (ASX:AV1) | 21.1% | 144.2% |
Plenti Group (ASX:PLT) | 12.8% | 106.4% |
Let's uncover some gems from our specialized screener.
Mineral Resources
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Mineral Resources Limited operates as a mining services company in Australia, Asia, and internationally, with a market cap of A$10.09 billion.
Operations: The company's revenue segments include A$3.38 billion from Mining Services, A$2.58 billion from Iron Ore, A$1.41 billion from Lithium, A$16 million from Energy, and A$19 million from Other Commodities.
Insider Ownership: 11.7%
Mineral Resources, backed by significant insider ownership, is navigating strategic asset sales to bolster its balance sheet amidst high net debt of A$4.4 billion. The company is exploring joint-venture and sale options for its Perth Basin assets following a low-ball offer from Mitsui & Co., Ltd. Despite lower profit margins compared to last year, earnings are forecasted to grow significantly at 38.3% annually, outpacing the broader Australian market growth rate of 12.2%.
Unlock comprehensive insights into our analysis of Mineral Resources stock in this growth report.
Upon reviewing our latest valuation report, Mineral Resources' share price might be too optimistic.
Mesoblast
Simply Wall St Growth Rating: ★★★★★☆
Overview: Mesoblast Limited is involved in developing regenerative medicine products across Australia, the United States, Singapore, and Switzerland with a market cap of A$1.54 billion.
Operations: The company's revenue segment includes the development of a cell technology platform for commercialization, generating $5.90 million.
Insider Ownership: 22.2%
Mesoblast, with substantial insider buying recently, is positioned for significant growth as it anticipates becoming profitable within three years. Despite recent shareholder dilution and a drop from the S&P/ASX Emerging Companies Index, its revenue is expected to grow at 45.8% annually, surpassing market averages. The company trades significantly below its estimated fair value while advancing Ryoncil through FDA review stages for pediatric SR-aGVHD treatment, highlighting potential future revenue streams despite current financial challenges.
Dive into the specifics of Mesoblast here with our thorough growth forecast report.
Upon reviewing our latest valuation report, Mesoblast's share price might be too pessimistic.
SiteMinder
Simply Wall St Growth Rating: ★★★★★☆
Overview: SiteMinder Limited develops, markets, and sells an online guest acquisition platform and commerce solutions for accommodation providers both in Australia and internationally, with a market cap of A$1.70 billion.
Operations: The company's revenue segment includes Software & Programming, generating A$190.84 million.
Insider Ownership: 11.2%
SiteMinder demonstrates strong growth potential with revenue expected to increase at 19.4% annually, outpacing the Australian market. The company reported A$190.67 million in sales for FY2024, a significant rise from the previous year, while reducing its net loss to A$25.13 million. Although there has been no substantial insider buying recently, insider selling is minimal and shares are trading below estimated fair value, suggesting confidence in future profitability within three years.
Turning Ideas Into Actions
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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:MIN ASX:MSB and ASX:SDR.
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