Top TSX Growth Companies With High Insider Ownership August 2024
Reviewed by Simply Wall St
The Canadian market has been relatively steady, with investors closely watching the U.S. Federal Reserve's recent symposium in Jackson Hole for clues on future rate cuts. In this environment, growth companies with high insider ownership can be particularly appealing, as they often signal strong confidence from those who know the business best.
Top 10 Growth Companies With High Insider Ownership In Canada
| Name | Insider Ownership | Earnings Growth |
| Vox Royalty (TSX:VOXR) | 12.6% | 70.7% |
| Allied Gold (TSX:AAUC) | 22.5% | 73.6% |
| Almonty Industries (TSX:AII) | 17.7% | 117.6% |
| goeasy (TSX:GSY) | 21.4% | 17.1% |
| Alvopetro Energy (TSXV:ALV) | 19.4% | 72.4% |
| Propel Holdings (TSX:PRL) | 40% | 37.2% |
| Aya Gold & Silver (TSX:AYA) | 10.2% | 60.9% |
| Medicenna Therapeutics (TSX:MDNA) | 15.4% | 57.2% |
| Alpha Cognition (CNSX:ACOG) | 17.9% | 69.5% |
| ROK Resources (TSXV:ROK) | 16.6% | 164.2% |
We'll examine a selection from our screener results.
Propel Holdings (TSX:PRL)
Simply Wall St Growth Rating: ★★★★★☆
Overview: Propel Holdings Inc. is a financial technology company with a market cap of CA$991.98 million.
Operations: Propel Holdings generates revenue of $382.44 million by providing lending-related services to borrowers, banks, and other institutions.
Insider Ownership: 40%
Propel Holdings has shown robust revenue growth, with sales increasing from US$71.69 million to US$106.75 million year-over-year for Q2 2024 and net income nearly doubling to US$11.12 million. Despite significant insider selling recently, the company's earnings are forecasted to grow at 37.2% per year, outpacing the Canadian market's 15.5%. However, interest payments are not well-covered by earnings, indicating potential financial risks despite its strong performance and high growth expectations.
- Delve into the full analysis future growth report here for a deeper understanding of Propel Holdings.
- Our valuation report unveils the possibility Propel Holdings' shares may be trading at a premium.
TerraVest Industries (TSX:TVK)
Simply Wall St Growth Rating: ★★★★☆☆
Overview: TerraVest Industries Inc. manufactures and sells goods and services to the energy, agriculture, mining, transportation, and other markets in Canada and the United States with a market cap of CA$1.86 billion.
Operations: The company generates revenue from various segments, including Service (CA$201.78 million), Processing Equipment (CA$117.58 million), Compressed Gas Equipment (CA$243.77 million), and HVAC and Containment Equipment (CA$292.90 million).
Insider Ownership: 21.9%
TerraVest Industries reported strong earnings for Q3 2024, with revenue increasing to C$238.13 million from C$150.36 million a year ago and net income rising to C$11.92 million from C$7.97 million. Despite significant insider selling recently, the company is trading at 26.1% below its estimated fair value and is forecasted to grow earnings by 21.1% annually over the next three years, outpacing the Canadian market's growth rate of 15.5%.
- Navigate through the intricacies of TerraVest Industries with our comprehensive analyst estimates report here.
- The analysis detailed in our TerraVest Industries valuation report hints at an inflated share price compared to its estimated value.
VersaBank (TSX:VBNK)
Simply Wall St Growth Rating: ★★★★☆☆
Overview: VersaBank offers a range of banking products and services in Canada and the United States, with a market cap of CA$462.69 million.
Operations: VersaBank's revenue segments include CA$104.90 million from Digital Banking and CA$10.56 million from DRTC, which focuses on cybersecurity services and financial technology development.
Insider Ownership: 13.3%
VersaBank shows promising growth potential with earnings forecasted to grow significantly at 24.4% annually over the next three years, outpacing the Canadian market's 15.5%. The bank's recent U.S. expansion, including new executive appointments and regulatory approvals for its acquisition of Stearns Bank Holdingford N.A., underscores its strategic growth initiatives. Despite trading at a favorable price-to-earnings ratio of 9.9x compared to the Canadian market's 15.1x, insider buying has been modest but positive in recent months.
- Unlock comprehensive insights into our analysis of VersaBank stock in this growth report.
- Our expertly prepared valuation report VersaBank implies its share price may be lower than expected.
Make It Happen
- Navigate through the entire inventory of 37 Fast Growing TSX Companies With High Insider Ownership here.
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Ready For A Different Approach?
- 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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About TSX:VBNK
VersaBank
Provides various banking products and services in Canada and the United States.
Solid track record with excellent balance sheet.
