UPDATED Jul 10, 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.
52 companies meet this criteria in the Australian market
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings: OFX's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market
Future ROE
High Growth Revenue
Trading at 29.2% below our estimate of its fair value
Earnings are forecast to grow 20.25% per year
Earnings grew by 102.4% over the past year
No risks detected for OFX from our risks checks.
Visioneering Technologies, Inc., a medical device company, engages in the design, manufacture, sale, and distribution of contact lenses in North America, Europe, and the Asia-Pacific.
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings: VTI is expected to become profitable in the next 3 years.
Revenue vs Market
High Growth Revenue
Future ROE
Earnings are forecast to grow 25.11% per year
Earnings have grown 18.2% per year over the past 5 years
Does not have a meaningful market cap (A$7M)
Shareholders have been diluted in the past year
Electro Optic Systems Holdings Limited engages in the development, manufacture, and sale of telescopes and dome enclosures, laser satellite tracking systems, electro-optic fire control systems, and microwave satellite dishes and receivers.
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings: EOS is expected to become profitable in the next 3 years.
Revenue vs Market
High Growth Revenue
Future ROE
Trading at 92% below our estimate of its fair value
Earnings are forecast to grow 33.32% per year
Shareholders have been diluted in the past year
Alcidion Group Limited, together with its subsidiaries, engages in the development and licensing of healthcare software products in Australia, New Zealand, and the United Kingdom.
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings: ALC is expected to become profitable in the next 3 years.
Revenue vs Market
High Growth Revenue
Future ROE
Trading at 65.9% below our estimate of its fair value
Earnings are forecast to grow 111.37% per year
Shareholders have been diluted in the past year
Audinate Group Limited develops and sells digital audio visual (AV) networking solutions worldwide.
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings: AD8 is expected to become profitable in the next 3 years.
Revenue vs Market
High Growth Revenue
Future ROE
Trading at 24.4% below our estimate of its fair value
Earnings are forecast to grow 94.96% per year
Earnings have grown 33.8% per year over the past 5 years
No risks detected for AD8 from our risks checks.
Mayfield Childcare Limited provides long day childcare (LDC) services in Victoria, Australia.
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings: MFD's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market
High Growth Revenue
Future ROE
Trading at 39.2% below our estimate of its fair value
Earnings are forecast to grow 57.83% per year
Shareholders have been substantially diluted in the past year
Does not have a meaningful market cap (A$81M)
Profit margins (6.4%) are lower than last year (10%)
Large one-off items impacting financial results
Pantoro Limited, together with its subsidiaries, engages in the gold mining, processing, and exploration in Australia.
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings: PNR's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market
High Growth Revenue
Future ROE
Trading at 90.3% below our estimate of its fair value
Earnings are forecast to grow 73.68% per year
High level of non-cash earnings
Shareholders have been diluted in the past year
European Lithium Limited explores for and develops lithium deposits in Austria.
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings: EUR is expected to become profitable in the next 3 years.
Revenue vs Market
High Growth Revenue
Future ROE
Trading at 96.8% below our estimate of its fair value
Earnings are forecast to grow 47.26% per year
Makes less than USD$1m in revenue (A$31K)
Does not have a meaningful market cap (A$86M)
Shareholders have been diluted in the past year