ASX Growth Leaders With High Insider Ownership In June 2024

As of June 2024, the Australian market has shown nuanced performance with the ASX200 experiencing a modest uptick, largely buoyed by minor gains in GDP and standout growth in sectors like telecommunications. Despite broader economic challenges reflected by slow GDP growth and volatility in materials, certain companies have managed to not only navigate these conditions but also thrive. In such a landscape, stocks with high insider ownership can be particularly compelling as they often signal strong confidence from those who know the company best. This alignment of interests between shareholders and management is crucial during times of economic uncertainty and sector-specific shifts.

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%	29.9%
Gratifii (ASX:GTI)	15.6%	112.4%
Acrux (ASX:ACR)	14.6%	115.3%
Botanix Pharmaceuticals (ASX:BOT)	11.4%	120.9%
Hillgrove Resources (ASX:HGO)	10.4%	45.4%
Change Financial (ASX:CCA)	26.6%	85.4%
Plenti Group (ASX:PLT)	12.8%	106.4%
Liontown Resources (ASX:LTR)	16.4%	63.9%
Alpha HPA (ASX:A4N)	26.3%	30.5%

Click here to see the full list of 92 stocks from our Fast Growing ASX Companies With High Insider Ownership screener.

Below we spotlight a couple of our favorites from our exclusive screener.

Flight Centre Travel Group

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Flight Centre Travel Group Limited operates as a travel retailer serving both leisure and corporate sectors across various regions including Australia, New Zealand, the Americas, Europe, the Middle East, Africa, and Asia with a market cap of approximately A$4.21 billion.

Operations: The company generates revenue primarily through its leisure and corporate travel segments, with A$1.28 billion from leisure and A$1.06 billion from corporate services.

Insider Ownership: 13.3%

Flight Centre Travel Group, recently added to the S&P/ASX 100 Index, shows promising financial forecasts with earnings expected to increase by 19.2% annually, outpacing the Australian market's 13.9%. Despite slower revenue growth at 9.7% per year, it remains above the market average of 5.3%. The company's Return on Equity is also projected to reach a high of 21.9% in three years, indicating robust profitability ahead. Currently trading at a value deemed below its fair estimate by 20.2%, FLT exhibits potential for growth-oriented investors with an eye on insider-owned firms.

• Dive into the specifics of Flight Centre Travel Group here with our thorough growth forecast report.

• Our comprehensive valuation report raises the possibility that Flight Centre Travel Group is priced lower than what may be justified by its financials.

ASX:FLT Ownership Breakdown as at Jun 2024

Kelsian Group

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Kelsian Group Limited operates in providing land and marine transport and tourism services across Australia, the United States, Singapore, and the United Kingdom, with a market capitalization of approximately A$1.40 billion.

Operations: The company generates revenue through three primary segments: Australian Bus operations contributing A$934.76 million, International Bus services adding A$448.87 million, and Marine and Tourism activities yielding A$337.90 million.

Insider Ownership: 20.9%

Kelsian Group, poised for substantial growth, is trading 11.4% below its estimated fair value with insiders actively acquiring more shares recently. Forecasts suggest a 25.84% annual profit increase over the next three years, outstripping the Australian market's average. However, challenges persist with low profit margins and insufficient earnings coverage for interest payments and dividends. Recent presentations at the Macquarie Australia Conference highlighted these strategic directions underlined by insider confidence in future growth prospects.

• Delve into the full analysis future growth report here for a deeper understanding of Kelsian Group.

• Upon reviewing our latest valuation report, Kelsian Group's share price might be too optimistic.

ASX:KLS Earnings and Revenue Growth as at Jun 2024

Technology One

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Technology One Limited is an Australian company that develops, markets, sells, implements, and supports integrated enterprise business software solutions both domestically and internationally, with a market capitalization of approximately A$5.87 billion.

Operations: The company generates revenue through three primary segments: software sales contributing A$317.24 million, corporate services at A$83.83 million, and consulting services totaling A$68.13 million.

Insider Ownership: 12.3%

Technology One, an Australian software company, has shown promising financial performance with a recent increase in half-year revenue to A$240.83 million and net income to A$48 million. Despite its Price-To-Earnings ratio being below the industry average at 53.6x, its forecasted annual earnings growth of 14.3% is slightly above the Australian market prediction of 13.9%. However, its revenue growth rate is modest compared to some peers in the tech sector. The firm benefits from high insider ownership but lacks substantial insider buying over the past three months, reflecting a cautious optimism among insiders about its future prospects.

• Take a closer look at Technology One's potential here in our earnings growth report.

• Our valuation report unveils the possibility Technology One's shares may be trading at a premium.

ASX:TNE Ownership Breakdown as at Jun 2024

Turning Ideas Into Actions

• Reveal the 92 hidden gems among our Fast Growing ASX Companies With High Insider Ownership screener with a single click here.

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Want To Explore Some Alternatives?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.

• Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence.

• Find companies with promising cash flow potential yet trading below their fair value.

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:FLTASX:KLSASX:TNE and

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