- Investing Ideas
- /
- Top Growth Stocks
Top South African (JSE) Growth Stocks
UPDATED Aug 14, 2022
What are the best South African (JSE) Growth Stocks?
According to our Simply Wall St analysis these are the best South African 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.
2 companies meet this criteria in the South African market
MTN Group Limited, together with its subsidiaries, operates in the mobile telecommunications industry.
Growth Criteria
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings: MTN's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market
Future ROE
High Growth Revenue
Rewards
Trading at 13.8% below our estimate of its fair value
Earnings are forecast to grow 22.26% per year
Earnings grew by 152.2% over the past year
Risks
No risks detected for MTN from our risks checks.
African Rainbow Minerals Limited, through its subsidiaries, operates as a diversified mining and minerals company in South Africa and Malaysia.
Growth Criteria
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings: ARI's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market
Future ROE
High Growth Revenue
Rewards
Trading at 86.9% below our estimate of its fair value
Earnings are forecast to grow 23.34% per year
Earnings grew by 73.9% over the past year
Risks
No risks detected for ARI from our risks checks.