3 Growth Companies With High Insider Ownership On The TSX

The Canadian market has been flat in the last week but is up 13% over the past year, with earnings expected to grow by 16% per annum over the next few years. In this context, 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%

Click here to see the full list of 37 stocks from our Fast Growing TSX Companies With High Insider Ownership screener.

Let's take a closer look at a couple of our picks from the screened companies.

Colliers International Group (TSX:CIGI)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Colliers International Group Inc. provides commercial real estate professional and investment management services to corporate and institutional clients across various regions, with a market cap of CA$9.82 billion.

Operations: The company's revenue segments are as follows: Americas ($2.59 billion), Asia Pacific ($614.55 million), Investment Management ($496.42 million), and Europe, Middle East & Africa (EMEA) ($734.93 million).

Insider Ownership: 14.2%

Colliers International Group has shown strong growth potential, with earnings forecasted to grow at 20.81% annually and revenue expected to increase by 11% per year, outpacing the Canadian market. Recent Q2 results revealed a significant turnaround, reporting a net income of US$36.72 million compared to a loss last year. The company also announced strategic partnerships and acquisitions aimed at expanding its market presence. However, shareholders have experienced dilution over the past year and there has been substantial insider selling recently.

• Get an in-depth perspective on Colliers International Group's performance by reading our analyst estimates report here.
• The analysis detailed in our Colliers International Group valuation report hints at an inflated share price compared to its estimated value.

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 by providing lending-related services to borrowers, banks, and other institutions amounting to $382.44 million.

Insider Ownership: 40%

Propel Holdings has demonstrated robust growth, with earnings rising 94.68% and revenue increasing by 48.91% year-over-year in Q2 2024. The company announced an $80 million upsize to its credit facility, supporting its expansion strategy. Despite no substantial insider buying recently, Propel's high insider ownership aligns management interests with shareholders. Additionally, the company increased its dividend for the third time in 2024, reflecting confidence in future performance and commitment to shareholder returns.

• Click here and access our complete growth analysis report to understand the dynamics of Propel Holdings.
• Our valuation report here indicates Propel Holdings may be overvalued.

TerraVest Industries (TSX:TVK)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: TerraVest Industries Inc. manufactures and sells goods and services to 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's revenue segments include CA$201.78 million from Service, CA$117.58 million from Processing Equipment, CA$243.77 million from Compressed Gas Equipment, and CA$292.90 million from HVAC and Containment Equipment.

Insider Ownership: 21.9%

TerraVest Industries has shown significant earnings growth, with a 43.6% increase over the past year and forecasted annual profit growth of 21.1%. Despite high debt levels and recent shareholder dilution, the company trades at 26.1% below its estimated fair value. Recent earnings reports highlight strong performance, with Q3 revenue reaching C$238.13 million and net income at C$11.92 million. However, substantial insider selling in the past three months raises some concerns about insider confidence.

• Dive into the specifics of TerraVest Industries here with our thorough growth forecast report.
• Our expertly prepared valuation report TerraVest Industries implies its share price may be too high.

Next Steps

• Click here to access our complete index of 37 Fast Growing TSX Companies With High Insider Ownership.
• Invested in any of these stocks? Simplify your portfolio management with Simply Wall St and stay ahead with our alerts for any critical updates on your stocks.
• Simply Wall St is a revolutionary app designed for long-term stock investors, it's free and covers every market in the world.

Want To Explore Some Alternatives?

• 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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