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Amidst a generally bearish sentiment on the ASX200, influenced by higher-than-expected inflation data and varied sector performances, investors are keenly observing market dynamics and potential opportunities. In such conditions, growth companies with high insider ownership might attract attention as these insiders often have a vested interest in the company’s success, aligning their goals with those of shareholders.
Top 10 Growth Companies With High Insider Ownership In Australia
Name | Insider Ownership | Earnings Growth |
Hartshead Resources (ASX:HHR) | 13.9% | 86.3% |
Cettire (ASX:CTT) | 28.7% | 26.7% |
Acrux (ASX:ACR) | 14.6% | 115.3% |
Plenti Group (ASX:PLT) | 12.8% | 106.4% |
Hillgrove Resources (ASX:HGO) | 10.4% | 45.4% |
Change Financial (ASX:CCA) | 26.6% | 76.4% |
Botanix Pharmaceuticals (ASX:BOT) | 11.4% | 120.9% |
Liontown Resources (ASX:LTR) | 16.4% | 62.3% |
DUG Technology (ASX:DUG) | 28.1% | 43.2% |
Argosy Minerals (ASX:AGY) | 14.5% | 129.6% |
Let's dive into some prime choices out of from the screener.
Altium
Simply Wall St Growth Rating: ★★★★★☆
Overview: Altium Limited is a company that develops and markets computer software for electronic product design, operating globally with a market capitalization of approximately A$8.96 billion.
Operations: The company generates revenue through its cloud platform and design software segments, totaling approximately $60.36 million and $221.94 million respectively.
Insider Ownership: 11.7%
Altium, a company with high insider ownership, demonstrates promising growth prospects. Over the past year, its earnings grew by 12%, and it is expected to see an annual revenue increase of 16%, outpacing the Australian market's 5.4%. Notably, Altium's earnings are forecasted to grow at a robust rate of 21.2% annually, significantly above the market average of 13.7%. Recently, Altium expanded its market presence through a new distribution agreement in the Nordic countries with Kem-En-Tec, enhancing potential future revenue streams from its HoloMonitor technology.
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Navigate through the intricacies of Altium with our comprehensive analyst estimates report here.
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Upon reviewing our latest valuation report, Altium's share price might be too optimistic.
Chrysos
Simply Wall St Growth Rating: ★★★★★☆
Overview: Chrysos Corporation Limited is a company focused on the development and supply of mining technology, with a market capitalization of approximately A$638.10 million.
Operations: The company generates revenue primarily from its mining services segment, totaling A$34.24 million.