Yahoo Finance High Growth TSX Stocks
High-growth stocks that are financially stable are attractive for many reasons. They provide a strong upside to your portfolio, with less likelihood of downside risks compared to less financially robust companies. I would suggest taking a look at my list of companies that compare favourably in all criteria, and consider whether they would add value to your current portfolio.
Premium Brands Holdings Corporation (TSX:PBH)
Premium Brands Holdings Corporation, through its subsidiaries, manufactures and distributes food products primarily in Canada and the United States. Founded in 1917, and now run by George Paleologou, the company provides employment to 6,531 people and with the market cap of CAD CA$3.70B, it falls under the mid-cap group.
PBH’s forecasted bottom line growth is an optimistic 35.60%, driven by the underlying 52.86% sales growth over the next few years. It appears that PBH’s profitability may be sustainable as the fundamental push is top-line expansion rather than unmaintainable cost-cutting activities. PBH ticks the boxes for high-growth generation on all levels of line items, which makes it an appealing stock to dig into deeper. Could this stock be your next pick? Take a look at its other fundamentals here.
Gluskin Sheff + Associates Inc. (TSX:GS)
Gluskin Sheff + Associates Inc. is a publicly owned investment manager. Founded in 1984, and now run by Jeffrey Moody, the company employs 135 people and has a market cap of CAD CA$503.16M, putting it in the small-cap group.
GS is expected to deliver an extremely high earnings growth over the next couple of years of 20.00%, driven by a positive double-digit revenue growth of 23.29% and cost-cutting initiatives. Profit growth, coupled with top-line expansion, is a positive indication. This is because net income isn’t artificially inflated by unsustainable activities such as one-off cost-reductions expected in the future. We see this bottom-line expansion directly benefiting shareholders, with expected return on equity coming in at a notable 52.96%. GS’s impressive outlook on all aspects makes it a worthy company to spend more time to understand. Interested to learn more about GS? Check out its fundamental factors here.
Canaccord Genuity Group Inc. (TSX:CF)
Canaccord Genuity Group Inc., an independent and full-service financial services company, provides investment solutions, and brokerage and investment banking services to individual, institutional, corporate, and government clients. Founded in 1950, and now led by CEO Daniel Daviau, the company now has 1,956 employees and with the stock’s market cap sitting at CAD CA$670.98M, it comes under the small-cap group.
Want to know more about CF? Take a look at its other fundamentals here.
For more financially robust companies with high growth potential to enhance your portfolio, explore this interactive list of fast growing companies.
To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned.
