Emerald Resources And 2 ASX Growth Stocks With High Insider Ownership

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The Australian market has shown robust performance, rising 2.1% in the last week and 11% over the past year, with earnings forecasted to grow by 13% annually. In such a thriving environment, growth companies with high insider ownership like Emerald Resources can be particularly appealing as they often indicate strong confidence from those closest to the business.

Top 10 Growth Companies With High Insider Ownership In Australia

Name

Insider Ownership

Earnings Growth

Hartshead Resources (ASX:HHR)

13.9%

102.6%

Cettire (ASX:CTT)

28.7%

26.7%

Acrux (ASX:ACR)

14.6%

115.6%

Clinuvel Pharmaceuticals (ASX:CUV)

13.6%

27%

Liontown Resources (ASX:LTR)

16.4%

69.7%

Catalyst Metals (ASX:CYL)

17.5%

75.7%

Hillgrove Resources (ASX:HGO)

10.4%

49.4%

Adveritas (ASX:AV1)

21.1%

103.9%

Plenti Group (ASX:PLT)

12.8%

106.4%

Change Financial (ASX:CCA)

26.6%

77.9%

Click here to see the full list of 89 stocks from our Fast Growing ASX Companies With High Insider Ownership screener.

Underneath we present a selection of stocks filtered out by our screen.

Emerald Resources

Simply Wall St Growth Rating: ★★★★★☆

Overview: Emerald Resources NL focuses on the exploration and development of mineral reserves in Cambodia and Australia, with a market cap of A$2.72 billion.

Operations: Emerald Resources generates revenue primarily from mine operations, amounting to A$339.32 million.

Insider Ownership: 18.4%

Emerald Resources, with high insider ownership, is trading at 55.3% below its estimated fair value and has forecasted earnings growth of 20.14% per year. Despite shareholder dilution over the past year, its earnings grew by 53.4%. Revenue is expected to grow at 18.5% annually, outpacing the Australian market's growth rate of 5.3%. The company recently presented at major mining forums in Australia, highlighting its ongoing developments and future prospects.

ASX:EMR Earnings and Revenue Growth as at Aug 2024
ASX:EMR Earnings and Revenue Growth as at Aug 2024

Ora Banda Mining

Simply Wall St Growth Rating: ★★★★★★

Overview: Ora Banda Mining Limited (ASX:OBM) is an Australian company focused on the exploration, operation, and development of mineral properties with a market cap of A$958.39 million.

Operations: Ora Banda Mining's revenue is primarily derived from its gold mining operations, amounting to A$166.66 million.

Insider Ownership: 10.2%

Ora Banda Mining is forecast to grow earnings by 106.84% annually and become profitable within three years, outpacing the Australian market. The company's revenue is expected to increase at 46.4% per year, significantly above market averages. Despite past shareholder dilution, it trades at 94.4% below its estimated fair value. Recent developments include the appointment of Ms Kathryn Cutler as an independent Non-executive Director and a presentation at the Diggers & Dealers Mining Forum in August 2024.

ASX:OBM Earnings and Revenue Growth as at Aug 2024
ASX:OBM Earnings and Revenue Growth as at Aug 2024

Technology One

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Technology One Limited develops, markets, sells, implements, and supports integrated enterprise business software solutions in Australia and internationally, with a market cap of A$7.42 billion.

Operations: Technology One's revenue segments include Software (A$317.24 million), Corporate (A$83.83 million), and Consulting (A$68.13 million).

Insider Ownership: 12.3%

Technology One's earnings are projected to grow 14.79% annually, outpacing the Australian market's 13.3%. Revenue is expected to rise by 11.5% per year, faster than the market average of 5.3%. The recent appointment of Paul Robson as Non-Executive Director brings valuable SaaS and strategic transformation expertise, likely bolstering growth initiatives. The company's high insider ownership aligns with its solid return on equity forecast of 32.6% in three years, indicating strong internal confidence in future performance.

ASX:TNE Ownership Breakdown as at Aug 2024
ASX:TNE Ownership Breakdown as at Aug 2024

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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:EMR ASX:OBM and ASX:TNE.

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