Yahoo Finance Capricorn Metals Leads Three ASX Growth Companies With Strong Insider Ties
As the Australian market shows signs of activity with the ASX200 expected to rise, and amidst varied global economic signals, investors are keenly watching local developments. In this context, understanding the importance of insider ownership in growth companies can be particularly relevant, as it often reflects a deep commitment by those who know the company best to its long-term success.
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% | 30.1% |
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% | 63.9% |
DUG Technology (ASX:DUG) | 28.1% | 43.2% |
CardieX (ASX:CDX) | 12.2% | 115.3% |
Here's a peek at a few of the choices from the screener.
Capricorn Metals
Simply Wall St Growth Rating: ★★★★★☆
Overview: Capricorn Metals Ltd is an Australian company focused on the evaluation, exploration, development, and production of gold properties, with a market capitalization of approximately A$1.83 billion.
Operations: The company generates its revenue primarily from the Karlawinda segment, totaling approximately A$356.94 million.
Insider Ownership: 12.3%
Earnings Growth Forecast: 26.5% p.a.
Capricorn Metals, despite significant insider selling over the past three months, shows promising growth prospects. Its return on equity is expected to reach 30.6% in three years, outpacing forecasts for the broader Australian market. Revenue and earnings are also set to grow robustly at annual rates of 14.1% and 26.5%, respectively, both well above market averages of 5.5% and 13.8%. However, recent financial results have been impacted by large one-off items, tempering some of the positive outlook.
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 regions including Australia, New Zealand, the Americas, Europe, the Middle East, Africa, and Asia with a market cap of approximately A$4.36 billion.
Operations: The company generates revenue primarily through its leisure and corporate travel services, with A$1.28 billion from leisure and A$1.06 billion from corporate sectors.
Insider Ownership: 13.3%
Earnings Growth Forecast: 18.8% p.a.
Flight Centre Travel Group, with its substantial insider ownership, is trading at 20.9% below its estimated fair value, suggesting potential undervaluation. The company recently became profitable and is experiencing robust financial growth with earnings forecasted to expand by 18.8% annually, outstripping the Australian market's expectation of 13.8%. Additionally, Flight Centre's projected revenue growth rate stands at 9.7% per year, surpassing the national average of 5.5%. Its return on equity is also expected to be impressively high at 21.7% in three years.
Mineral Resources
Simply Wall St Growth Rating: ★★★★★☆
Overview: Mineral Resources Limited is a mining services company operating in Australia, Asia, and internationally, with a market capitalization of approximately A$11.70 billion.
Operations: The company generates revenue from lithium (A$1.60 billion), iron ore (A$2.50 billion), and mining services (A$2.82 billion).
Insider Ownership: 11.6%
Earnings Growth Forecast: 25.4% p.a.
Mineral Resources, while trading at 16.9% below its estimated fair value, shows a promising growth trajectory with earnings projected to increase by 25.4% annually, outpacing the Australian market's average of 13.8%. Despite lower profit margins this year compared to last, the company's revenue is expected to grow by 12.5% per year, also above the national average of 5.5%. However, its financial position is challenged by earnings not covering interest payments adequately.
Key Takeaways
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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:CMMASX:FLT ASX:MIN
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