ASX Growth Companies With High Insider Ownership For August 2024
Reviewed by Simply Wall St
The ASX200 broke its winning streak, closing slightly down by 0.04% at 8,024 points, with sectors like Telecommunication and Health Care showing modest gains while Utilities and Energy saw declines. In this fluctuating market environment, identifying growth companies with high insider ownership can offer unique investment opportunities as insider confidence often signals strong potential for long-term success.
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% |
| Clinuvel Pharmaceuticals (ASX:CUV) | 13.6% | 27% |
| Acrux (ASX:ACR) | 14.6% | 115.6% |
| 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% |
Here we highlight a subset of our preferred stocks from the screener.
Cobram Estate Olives (ASX:CBO)
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Cobram Estate Olives Limited is a food and agribusiness company engaged in olive farming and milling operations in Australia and the United States, with a market cap of A$696.00 million.
Operations: The company's revenue segments include olive farming and milling operations in Australia and the United States.
Insider Ownership: 18.4%
Cobram Estate Olives reported strong financial performance for the year ending June 30, 2024, with sales reaching A$227.8 million and net income increasing to A$18.5 million. The company launched its new 'Artisan Collection' of flavored EVOO products, targeting health-conscious consumers. Despite a challenging harvest year in Australia, production was higher than expected due to strategic replanting efforts. Forecasts indicate significant earnings growth over the next three years, outpacing the Australian market average.
- Unlock comprehensive insights into our analysis of Cobram Estate Olives stock in this growth report.
- Insights from our recent valuation report point to the potential overvaluation of Cobram Estate Olives shares in the market.
DUG Technology (ASX:DUG)
Simply Wall St Growth Rating: ★★★★★☆
Overview: DUG Technology Ltd is a technology company offering hardware and software solutions to the technology and resource sectors across Australia, the United States, the United Kingdom, Malaysia, and the United Arab Emirates with a market cap of A$375.63 million.
Operations: DUG Technology Ltd generates revenue by providing hardware and software solutions to the technology and resource sectors in multiple regions, including Australia, the United States, the United Kingdom, Malaysia, and the United Arab Emirates.
Insider Ownership: 27.5%
DUG Technology reported a revenue increase to US$68.32 million for the year ending June 30, 2024, up from US$53.47 million the previous year, though net income dropped to US$2.77 million from US$5.01 million. Despite lower profit margins and significant insider selling recently, DUG's earnings are forecast to grow at 46% annually, outpacing the Australian market average of 13.6%. Revenue is also expected to grow faster than the market rate at 12.1% per year.
- Click to explore a detailed breakdown of our findings in DUG Technology's earnings growth report.
- Our valuation report unveils the possibility DUG Technology's shares may be trading at a premium.
Hansen Technologies (ASX:HSN)
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Hansen Technologies Limited (ASX:HSN) develops, integrates, and supports billing systems software for the energy, utilities, communications, and media sectors with a market cap of A$923.88 million.
Operations: The company's revenue from billing systems software amounts to A$347.61 million.
Insider Ownership: 16.2%
Hansen Technologies' revenue is forecast to grow at 5.9% per year, outpacing the Australian market's 5.3%. Earnings are expected to increase significantly by 20.8% annually, compared to the market's 13.6%. Despite lower profit margins this year and a dip in net income from A$42.8 million to A$21.06 million, substantial insider ownership aligns management interests with shareholders, potentially supporting long-term growth initiatives like the recent successful implementation of its solutions at Cenergy Power.
- Delve into the full analysis future growth report here for a deeper understanding of Hansen Technologies.
- Our comprehensive valuation report raises the possibility that Hansen Technologies is priced lower than what may be justified by its financials.
Next Steps
- Unlock more gems! Our Fast Growing ASX Companies With High Insider Ownership screener has unearthed 88 more companies for you to explore.Click here to unveil our expertly curated list of 91 Fast Growing ASX Companies With High Insider Ownership.
- Hold shares in these firms? Setup your portfolio in Simply Wall St to seamlessly track your investments and receive personalized updates on your portfolio's performance.
- Invest smarter with the free Simply Wall St app providing detailed insights into every stock market around the globe.
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.
New: AI Stock Screener & Alerts
Our new AI Stock Screener scans the market every day to uncover opportunities.
• Dividend Powerhouses (3%+ Yield)
• Undervalued Small Caps with Insider Buying
• High growth Tech and AI Companies
Or build your own from over 50 metrics.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
About ASX:CBO
Cobram Estate Olives
Engages in olive farming and the production and marketing of olive oil in Australia, the United States, and internationally.
Solid track record with moderate growth potential.
