3 ASX Growth Stocks With Up To 16% Insider Ownership

The Australian market has stayed flat over the past 7 days but is up 6.6% over the past year, with earnings forecasted to grow by 13% annually. In this context, identifying growth companies with high insider ownership can be a promising strategy for investors seeking alignment between company leadership and shareholder interests.

Top 10 Growth Companies With High Insider Ownership In Australia

Name	Insider Ownership	Earnings Growth
Cettire (ASX:CTT)	28.7%	26.7%
Acrux (ASX:ACR)	14.6%	115.3%
Clinuvel Pharmaceuticals (ASX:CUV)	13.6%	26.8%
Liontown Resources (ASX:LTR)	16.4%	51.6%
Catalyst Metals (ASX:CYL)	17%	75.7%
Biome Australia (ASX:BIO)	34.5%	114.4%
Hillgrove Resources (ASX:HGO)	10.4%	49.4%
Ora Banda Mining (ASX:OBM)	10.2%	106.8%
Plenti Group (ASX:PLT)	12.8%	106.4%
Change Financial (ASX:CCA)	26.6%	77.9%

Click here to see the full list of 91 stocks from our Fast Growing ASX Companies With High Insider Ownership screener.

Let's dive into some prime choices out of the screener.

Mineral Resources (ASX:MIN)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Mineral Resources Limited, with a market cap of A$10.62 billion, operates as a mining services company in Australia, Asia, and internationally through its subsidiaries.

Operations: The company's revenue segments are comprised of A$1.60 billion from Lithium, A$2.50 billion from Iron Ore, and A$2.82 billion from Mining Services.

Insider Ownership: 11.6%

Mineral Resources Limited showcases high insider ownership and strong growth potential, with earnings forecasted to grow 19.3% annually, outpacing the Australian market's 13.1%. Revenue is expected to increase by 10.2% per year, also surpassing market growth rates. However, profit margins have declined from 16.3% to 7.9%, and interest payments are not well covered by earnings. Trading at a significant discount of approximately 54.9% below estimated fair value indicates potential undervaluation despite these challenges.

• Click here and access our complete growth analysis report to understand the dynamics of Mineral Resources.
• In light of our recent valuation report, it seems possible that Mineral Resources is trading beyond its estimated value.

Technology One (ASX:TNE)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Technology One Limited develops, markets, sells, implements, and supports integrated enterprise business software solutions in Australia and internationally with a market cap of A$6.71 billion.

Operations: Revenue segments for Technology One Limited include Software (A$317.24 million), Corporate (A$83.83 million), and Consulting (A$68.13 million).

Insider Ownership: 12.3%

Technology One demonstrates high insider ownership and robust growth potential. The company's earnings are forecasted to grow at 14.8% annually, outpacing the Australian market's 13.1%, while revenue is expected to increase by 11.5% per year, surpassing the market's 4.9%. Recent earnings reported A$240.83 million in revenue and A$48 million in net income for H1 2024, showing solid year-over-year growth. The appointment of Paul Robson as a Non-Executive Director enhances strategic capabilities with his SaaS expertise.

• Navigate through the intricacies of Technology One with our comprehensive analyst estimates report here.
• Our expertly prepared valuation report Technology One implies its share price may be too high.

Universal Store Holdings (ASX:UNI)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Universal Store Holdings Limited (ASX:UNI) is a specialty retailer in Australia offering casual men's and women's fashion, shoes, accessories, lifestyle products, and gifts with a market cap of A$446.52 million.

Operations: Revenue segments for Universal Store Holdings Limited comprise A$42.84 million from CTC and A$244.13 million from Universal Store.

Insider Ownership: 16.3%

Universal Store Holdings exhibits substantial insider ownership and promising growth prospects. The company's earnings grew by 6.8% over the past year, with future revenue expected to increase at 9.1% annually, outpacing the Australian market's 4.9%. Earnings are forecasted to grow at 13.2% per year, slightly above the market average of 13.1%. Recent guidance projects group sales of A$288.5 million for FY2024, a rise of 9.7%, and underlying EBIT between A$46 million and A$47 million.

• Unlock comprehensive insights into our analysis of Universal Store Holdings stock in this growth report.
• Insights from our recent valuation report point to the potential undervaluation of Universal Store Holdings shares in the market.

Where To Now?

• Click this link to deep-dive into the 91 companies within our Fast Growing ASX Companies With High Insider Ownership screener.
• Have a stake in these businesses? Integrate your holdings into Simply Wall St's portfolio for notifications and detailed stock reports.
• Unlock the power of informed investing with Simply Wall St, your free guide to navigating stock markets worldwide.

Contemplating Other Strategies?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
• Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence.
• Find companies with promising cash flow potential yet trading below their fair value.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.The analysis only considers stock directly held by insiders. It does not include indirectly owned stock through other vehicles such as corporate and/or trust entities. All forecast revenue and earnings growth rates quoted are in terms of annualised (per annum) growth rates over 1-3 years.

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