August 2024 ASX Growth Stocks With High Insider Ownership

Reporting season has ramped up with a large number of companies putting out results today. The ASX200, meanwhile, has broken its winning streak and is down around a third of a percent at 7,972 in early afternoon trade. In this fluctuating market environment, identifying growth companies with high insider ownership can offer valuable insights into potential long-term investments. Here are three ASX-listed growth stocks that stand out due to significant insider ownership and promising performance indicators.

Top 10 Growth Companies With High Insider Ownership In Australia

Name	Insider Ownership	Earnings Growth
Hartshead Resources (ASX:HHR)	13.9%	102.6%
Cettire (ASX:CTT)	28.7%	26.7%
Acrux (ASX:ACR)	14.6%	115.6%
Clinuvel Pharmaceuticals (ASX:CUV)	13.6%	26.8%
Liontown Resources (ASX:LTR)	16.4%	69.7%
Catalyst Metals (ASX:CYL)	17.5%	75.7%
Hillgrove Resources (ASX:HGO)	10.4%	49.4%
Adveritas (ASX:AV1)	21.1%	103.9%
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.

Emerald Resources (ASX:EMR)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Emerald Resources NL focuses on the exploration and development of mineral reserves in Cambodia and Australia, with a market cap of A$2.62 billion.

Operations: Emerald Resources NL generates revenue primarily from mine operations, amounting to A$339.32 million.

Insider Ownership: 18.4%

Earnings Growth Forecast: 20.1% p.a.

Emerald Resources has demonstrated strong growth, with earnings increasing by 53.4% over the past year and forecasted to grow 20.14% annually. Revenue is expected to grow at 18.5% per year, outpacing the Australian market's 5.4%. The company's Return on Equity is projected to reach 20.5% within three years, indicating robust profitability prospects despite recent shareholder dilution. Emerald Resources is trading at a substantial discount of 56.9% below its estimated fair value.

• Click here and access our complete growth analysis report to understand the dynamics of Emerald Resources.
• Our valuation report here indicates Emerald Resources may be undervalued.

Ora Banda Mining (ASX:OBM)

Simply Wall St Growth Rating: ★★★★★★

Overview: Ora Banda Mining Limited is an Australian company focused on the exploration, operation, and development of mineral properties, with a market cap of A$902.56 million.

Operations: Ora Banda Mining generates revenue primarily from its gold mining operations, amounting to A$166.66 million.

Insider Ownership: 10.2%

Earnings Growth Forecast: 106.8% p.a.

Ora Banda Mining is poised for significant growth, with earnings projected to increase 106.84% annually and revenue expected to grow 46.4% per year, outpacing the Australian market's average of 5.4%. The company is forecasted to achieve high profitability within three years with a Return on Equity of 51.5%. Despite recent shareholder dilution, Ora Banda trades at a substantial discount of 94.5% below its estimated fair value. Recent appointments include Ms Kathryn Cutler as an independent Non-executive Director, enhancing the board's expertise in mineral exploration and resource development.

• Unlock comprehensive insights into our analysis of Ora Banda Mining stock in this growth report.
• The analysis detailed in our Ora Banda Mining valuation report hints at an deflated share price compared to 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$7.37 billion.

Operations: Revenue segments (in millions of A$): Software: 317.24, Corporate: 83.83, Consulting: 68.13

Insider Ownership: 12.3%

Earnings Growth Forecast: 14.8% p.a.

Technology One's earnings are forecast to grow 14.79% annually, outpacing the Australian market's 13.1%. Revenue is expected to increase by 11.5% per year, also exceeding the market average of 5.4%. The company's Return on Equity is projected to be high at 32.6% in three years. Recent news includes appointing Paul Robson as an independent Non-Executive Director, bringing extensive SaaS and strategic transformation experience from Adobe, which could drive further growth and innovation for Technology One’s global SaaS platform.

• Click here to discover the nuances of Technology One with our detailed analytical future growth report.
• According our valuation report, there's an indication that Technology One's share price might be on the expensive side.

Seize The Opportunity

• Unlock our comprehensive list of 91 Fast Growing ASX Companies With High Insider Ownership by clicking here.
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Looking For Alternative Opportunities?

• 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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