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.

55 companies meet this criteria in the Australian market

Keypath Education International, Inc. designs, develops, and delivers career-relevant online education solutions in North America, Australia, Malaysia, the United Kingdom, and internationally.

Growth Criteria

  • Earnings vs Savings Rate

  • Earnings vs Market

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

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE

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Rewards

  • Earnings are forecast to grow 57.76% per year

Risks

No risks detected for KED from our risks checks.

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Pantoro Limited, together with its subsidiaries, engages in the gold mining, processing, and exploration in Australia.

Growth Criteria

  • 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

See Full Stock Report

Rewards

  • Trading at 90.7% below our estimate of its fair value

  • Earnings are forecast to grow 73.68% per year

Risks

  • High level of non-cash earnings

  • Shareholders have been diluted in the past year

View all Risks and Rewards

AUB Group Limited provides engages in the insurance broking and underwriting businesses in Australia and New Zealand.

Growth Criteria

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings: AUB'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 35.9% below our estimate of its fair value

  • Earnings are forecast to grow 24.46% per year

  • Earnings have grown 14.9% per year over the past 5 years

Risks

  • Shareholders have been diluted in the past year

  • Large one-off items impacting financial results

View all Risks and Rewards

Hipages Group Holdings Limited operates an online tradie marketplace and software as a service provider in Australia.

Growth Criteria

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings: HPG 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 77.4% below our estimate of its fair value

  • Earnings are forecast to grow 66.56% per year

  • Earnings have grown 39.3% per year over the past 5 years

Risks

  • Does not have a meaningful market cap (A$144M)

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European Lithium Limited explores for and develops lithium deposits in Austria.

Growth Criteria

  • 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

See Full Stock Report

Rewards

  • Trading at 97% below our estimate of its fair value

  • Earnings are forecast to grow 47.26% per year

Risks

  • Makes less than USD$1m in revenue (A$31K)

  • Does not have a meaningful market cap (A$84M)

  • Shareholders have been diluted in the past year

View all Risks and Rewards

Mayfield Childcare Limited provides long day childcare (LDC) services in Victoria, Australia.

Growth Criteria

  • 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

See Full Stock Report

Rewards

  • Trading at 36.8% below our estimate of its fair value

  • Earnings are forecast to grow 57.83% per year

Risks

  • Shareholders have been substantially diluted in the past year

  • Does not have a meaningful market cap (A$80M)

  • Profit margins (6.4%) are lower than last year (10%)

  • Large one-off items impacting financial results

View all Risks and Rewards

Schrole Group Ltd engages in the provision of software solutions and training services primarily to the education sector in Australia and internationally.

Growth Criteria

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings: SCL 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 88.4% below our estimate of its fair value

  • Earnings are forecast to grow 141.11% per year

Risks

  • Does not have a meaningful market cap (A$11M)

  • Shareholders have been diluted in the past year

  • Does not have meaningful revenue (A$5M)

  • Volatile share price over the past 3 months

View all Risks and Rewards
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