Stock Analysis
TSX Growth Companies With High Insider Ownership In October 2024
Reviewed by Simply Wall St
The Canadian market has remained flat over the last week but is up 23% over the past year, with earnings expected to grow by 15% per annum. In this environment, stocks with high insider ownership can be appealing as they often indicate strong confidence from those closest to the company's operations and potential for growth.
Top 10 Growth Companies With High Insider Ownership In Canada
| Name | Insider Ownership | Earnings Growth |
| Vox Royalty (TSX:VOXR) | 11.8% | 70.7% |
| Almonty Industries (TSX:AII) | 17.7% | 117.6% |
| goeasy (TSX:GSY) | 21.2% | 17.1% |
| Alvopetro Energy (TSXV:ALV) | 19.4% | 72.4% |
| Amerigo Resources (TSX:ARG) | 12% | 36.8% |
| Aritzia (TSX:ATZ) | 18.9% | 60.4% |
| Propel Holdings (TSX:PRL) | 40% | 38.3% |
| Allied Gold (TSX:AAUC) | 21.9% | 74.5% |
| Medicenna Therapeutics (TSX:MDNA) | 15.4% | 57.2% |
| Alpha Cognition (CNSX:ACOG) | 17% | 69.5% |
Let's uncover some gems from our specialized screener.
goeasy (TSX:GSY)
Simply Wall St Growth Rating: ★★★★★☆
Overview: goeasy Ltd. operates in Canada offering non-prime leasing and lending services through its easyhome, easyfinancial, and LendCare brands, with a market cap of CA$3.03 billion.
Operations: The company's revenue segments consist of CA$154.10 million from Easyhome and CA$1.24 billion from Easyfinancial.
Insider Ownership: 21.2%
Earnings Growth Forecast: 17.1% p.a.
goeasy demonstrates robust growth potential with forecasted revenue expansion of 31.6% annually, outpacing the Canadian market. The company is trading at a significant discount to its estimated fair value, suggesting attractive valuation for investors. Recent insider activity shows more shares bought than sold over the past three months, indicating confidence from insiders despite notable executive transitions. However, debt coverage remains a concern as it's not well supported by operating cash flow.
- Get an in-depth perspective on goeasy's performance by reading our analyst estimates report here.
- Upon reviewing our latest valuation report, goeasy's share price might be too pessimistic.
Nuvei (TSX:NVEI)
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Nuvei Corporation offers payment technology solutions to merchants and partners across various regions including North America, Europe, the Middle East and Africa, Latin America, and the Asia Pacific, with a market cap of approximately CA$6.36 billion.
Operations: The company's revenue is primarily derived from providing payment technology solutions to merchants and partners, amounting to $1.31 billion.
Insider Ownership: 20.1%
Earnings Growth Forecast: 96.7% p.a.
Nuvei is experiencing a revenue growth forecast of 12.5% annually, surpassing the Canadian market average. The company is expected to become profitable within three years, marking above-average market profit growth. Recent collaborations with Fintech360 and Scanco Software highlight its expanding role in fintech and ERP solutions, enhancing payment processing capabilities globally. However, recent earnings reports show decreased net income despite increased sales, which may concern some investors regarding profitability trends.
- Dive into the specifics of Nuvei here with our thorough growth forecast report.
- Our valuation report here indicates Nuvei may be overvalued.
Savaria (TSX:SIS)
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Savaria Corporation offers accessibility solutions for the elderly and physically challenged across Canada, the United States, Europe, and internationally with a market cap of CA$1.58 billion.
Operations: The company's revenue segments include Patient Care, generating CA$183.98 million, and Segment Adjustment, contributing CA$673.74 million.
Insider Ownership: 17.2%
Earnings Growth Forecast: 30% p.a.
Savaria's earnings are forecast to grow significantly, outpacing the Canadian market, despite a slower revenue growth rate of 7% annually. Recent financials show increased sales and net income, with Q2 2024 sales at C$221.34 million. The company has raised its monthly dividend to C$0.045 per share, indicating strong cash flow management. Insider activity reveals more buying than selling over the past quarter, suggesting confidence in long-term prospects despite some recent insider selling.
- Take a closer look at Savaria's potential here in our earnings growth report.
- Insights from our recent valuation report point to the potential undervaluation of Savaria shares in the market.
Taking Advantage
- Access the full spectrum of 37 Fast Growing TSX Companies With High Insider Ownership by clicking on this link.
- 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.
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Seeking Other Investments?
- 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:SIS
Savaria
Provides accessibility solutions for the elderly and physically challenged people in Canada, the United States, Europe, and internationally.
