Top Australian (ASX) Growth Stocks

Top Australian (ASX) Growth Stocks

UPDATED Jul 07, 2022

What are the best Australian (ASX) Growth Stocks?

According to our Simply Wall St analysis these are the best Australian growth companies. We look for companies with high forecasted growth and healthy balance sheets that can deliver sustained growth over the long term.

Our criteria to find Top Growth Companies

Growth

  • Companies with sustained revenue growth that outperforms the market are attractive to investors. These companies are most likely to appreciate in share price over time.

What do we look for?

  • Is the company forecast to have high earnings growth.

Healthy Balance Sheet

  • A healthy balance sheet is essential to drive growth opportunities and sustain the business.
  • Repayments on debt take precedence over other initiatives to improve shareholder returns, so investors want to make sure the company is comfortably positioned to cover its debts.

What do we look for?

  • Does the company have a manageable level of debt.
  • Is the company able to cover its interest repayments.

52 companies meet this criteria in the Australian market

Karoon Energy Ltd operates as an oil and gas exploration and production company in Australia, Brazil, and Peru.

Growth Criteria

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings: KAR is expected to become profitable in the next 3 years.

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE

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Rewards

  • Trading at 95.5% below our estimate of its fair value

  • Earnings are forecast to grow 93.1% per year

Risks

No risks detected for KAR from our risks checks.

View all Risks and Rewards

Vmoto Limited, together with its subsidiaries, manufactures and distributes electric two-wheel vehicles worldwide.

Growth Criteria

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings: VMT's earnings are expected to grow significantly over the next 3 years.

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE

See Full Stock Report

Rewards

  • Trading at 96.9% below our estimate of its fair value

  • Earnings are forecast to grow 24.46% per year

  • Earnings grew by 116.3% over the past year

Risks

  • High level of non-cash earnings

  • Does not have a meaningful market cap (A$99M)

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Flight Centre Travel Group Limited provides travel retailing services for the leisure and corporate sectors in Australia, New Zealand, Americas, Europe, the Middle East, Africa, Asia, and internationally.

Growth Criteria

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings: FLT is expected to become profitable in the next 3 years.

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE

See Full Stock Report

Rewards

  • Trading at 50.6% below our estimate of its fair value

  • Earnings are forecast to grow 66.39% per year

Risks

No risks detected for FLT from our risks checks.

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Doctor Care Anywhere Group PLC, together with its subsidiaries, provides digital healthcare and development services in the United Kingdom, Australia, and the Republic of Ireland.

Growth Criteria

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings: DOC is expected to become profitable in the next 3 years.

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE

See Full Stock Report

Rewards

  • Trading at 87.6% below our estimate of its fair value

  • Earnings are forecast to grow 82.12% per year

  • Revenue grew by 115.7% over the past year

Risks

  • Does not have a meaningful market cap (A$73M)

  • Shareholders have been diluted in the past year

  • Has less than 1 year of cash runway

View all Risks and Rewards

Kazia Therapeutics Limited, an oncology-focused biotechnology company, develops anti-cancer drugs.

Growth Criteria

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings: KZA is expected to become profitable in the next 3 years.

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE

See Full Stock Report

Rewards

  • Trading at 99.3% below our estimate of its fair value

  • Earnings are forecast to grow 59.45% per year

Risks

  • Does not have a meaningful market cap (A$87M)

  • Shareholders have been diluted in the past year

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LaserBond Limited, a surface engineering company, engages in the development and application of materials, technologies, and methodologies to enhance operating performance and wear life of capital-intensive machinery components in Australia.

Growth Criteria

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings: LBL's earnings are expected to grow significantly over the next 3 years.

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE

See Full Stock Report

Rewards

  • Trading at 58.8% below our estimate of its fair value

  • Earnings are forecast to grow 35.05% per year

  • Earnings grew by 11.8% over the past year

Risks

  • Does not have a meaningful market cap (A$83M)

  • Shareholders have been diluted in the past year

View all Risks and Rewards

Atturra Limited provides information technology (IT) consulting services to various public and private sector organizations.

Growth Criteria

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings: ATA's earnings are expected to grow significantly over the next 3 years.

  • Revenue vs Market

  • Future ROE

  • High Growth Revenue

See Full Stock Report

Rewards

  • Trading at 68.3% below our estimate of its fair value

  • Earnings are forecast to grow 20.58% per year

  • Earnings grew by 58.2% over the past year

Risks

  • Does not have a meaningful market cap (A$140M)

View all Risks and Rewards

Boss Energy Limited explores for, develops, and produces uranium deposits in Australia.

Growth Criteria

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings: BOE's earnings are expected to grow significantly over the next 3 years.

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE

See Full Stock Report

Rewards

  • Earnings are forecast to grow 53.91% per year

  • Became profitable this year

Risks

  • High level of non-cash earnings

  • Makes less than USD$1m in revenue (A$0)

  • Shareholders have been diluted in the past year

View all Risks and Rewards
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