ASX Growth Companies With High Insider Ownership In October 2024

As of October 2024, the Australian market has seen a slight uptick with the ASX200 rising by 0.10% to 8,206 points, despite ongoing geopolitical tensions in the Middle East affecting investor sentiment. In this environment, growth companies with high insider ownership can be particularly appealing as they often indicate strong confidence from those closest to the business, which is crucial amid fluctuating sector performances such as Real Estate's rise and Energy's decline.

Top 10 Growth Companies With High Insider Ownership In Australia

Name	Insider Ownership	Earnings Growth
Clinuvel Pharmaceuticals (ASX:CUV)	10.4%	27.4%
Catalyst Metals (ASX:CYL)	17%	54.5%
Genmin (ASX:GEN)	12%	117.7%
Hillgrove Resources (ASX:HGO)	10.4%	70.9%
AVA Risk Group (ASX:AVA)	15.7%	118.8%
Pointerra (ASX:3DP)	18.7%	126.4%
Liontown Resources (ASX:LTR)	16.4%	49.8%
Acrux (ASX:ACR)	17.4%	91.6%
Adveritas (ASX:AV1)	21.1%	144.2%
Plenti Group (ASX:PLT)	12.8%	106.4%

Click here to see the full list of 101 stocks from our Fast Growing ASX Companies With High Insider Ownership screener.

Let's uncover some gems from our specialized screener.

IperionX (ASX:IPX)

Simply Wall St Growth Rating: ★★★★★★

Overview: IperionX Limited focuses on the exploration and development of mineral properties in the United States, with a market capitalization of A$896.20 million.

Operations: The company does not currently report any revenue segments.

Insider Ownership: 16.8%

IperionX, with significant insider ownership and recent substantial insider buying, is positioned for strong growth. Despite reporting a net loss of US$21.84 million for the year ending June 2024, the company has secured a lucrative contract with Ford valued at US$11 million and achieved technological advancements in titanium production. Forecasts indicate robust revenue growth of 78.6% annually, surpassing market averages, alongside anticipated profitability within three years. Recent index inclusions further enhance its market profile.

• Click here to discover the nuances of IperionX with our detailed analytical future growth report.
• Our valuation report unveils the possibility IperionX's shares may be trading at a premium.

Liontown Resources (ASX:LTR)

Simply Wall St Growth Rating: ★★★★★★

Overview: Liontown Resources Limited focuses on the exploration, evaluation, and development of mineral properties in Australia, with a market cap of A$1.95 billion.

Operations: Liontown Resources Limited does not currently report any revenue segments.

Insider Ownership: 16.4%

Liontown Resources demonstrates potential for growth with high insider ownership and recent insider buying, although not in substantial volumes. The company is forecasted to achieve significant revenue growth of 40% annually, outpacing the Australian market. Despite a net loss of A$64.92 million for the year ending June 2024 and shareholder dilution over the past year, Liontown's return on equity is projected to be robust in three years. Recent board changes aim to enhance governance structures.

• Unlock comprehensive insights into our analysis of Liontown Resources stock in this growth report.
• The valuation report we've compiled suggests that Liontown Resources' current price could be quite moderate.

Mineral Resources (ASX:MIN)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Mineral Resources Limited, along with its subsidiaries, operates as a mining services company in Australia, Asia, and internationally with a market cap of A$10.25 billion.

Operations: The company's revenue segments include A$16 million from Energy, A$1.41 billion from Lithium, A$2.58 billion from Iron Ore, and A$3.38 billion from Mining Services, along with A$19 million from Other Commodities.

Insider Ownership: 11.7%

Mineral Resources shows growth potential with insider buying activity, albeit in modest volumes. The company is trading at a significant discount to its estimated fair value and is forecasted to achieve substantial earnings growth of 38.3% annually, surpassing the Australian market average. However, recent financial performance reveals declining net income and profit margins. M&A discussions for Perth Basin assets indicate strategic moves to bolster its balance sheet amid high net debt levels of A$4.4 billion as of June 30, 2024.

• Navigate through the intricacies of Mineral Resources with our comprehensive analyst estimates report here.
• Our valuation report here indicates Mineral Resources may be overvalued.

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Seeking Other Investments?

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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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