Top TSX Growth Companies With High Insider Ownership In August 2024

Over the last 7 days, the Canadian market has remained flat, though it is up 14% over the past year with earnings forecasted to grow by 15% annually. In this context, identifying growth companies with high insider ownership can provide valuable insights into stocks that may have strong potential and alignment of interests between shareholders and company executives.

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)	21.3%	17.1%
Alvopetro Energy (TSXV:ALV)	19.4%	72.4%
Propel Holdings (TSX:PRL)	40%	37.2%
Ivanhoe Mines (TSX:IVN)	12.4%	72.4%
Medicenna Therapeutics (TSX:MDNA)	15.4%	57.2%
Alpha Cognition (CNSX:ACOG)	17.9%	69.5%
ROK Resources (TSXV:ROK)	16.6%	161.8%

Click here to see the full list of 36 stocks from our Fast Growing TSX Companies With High Insider Ownership screener.

Here's a peek at a few of the choices from the screener.

goeasy (TSX:GSY)

Simply Wall St Growth Rating: ★★★★★☆

Overview: goeasy Ltd. offers non-prime leasing and lending services through its easyhome, easyfinancial, and LendCare brands to Canadian consumers, with a market cap of CA$3.14 billion.

Operations: Revenue segments (in millions of CA$): easyhome: 154.10, easyfinancial: 1240.65

Insider Ownership: 21.3%

Revenue Growth Forecast: 31.6% p.a.

goeasy Ltd. is trading at 47.6% below its estimated fair value and has substantial insider ownership, with more shares bought than sold in the past three months. Despite significant recent insider selling, the company’s earnings grew by 45.1% over the past year and are forecast to grow annually by 17.06%. Revenue is expected to outpace the market at 31.6% per year, although debt coverage remains a concern due to high non-cash earnings and insufficient cash flows for dividends.

• Navigate through the intricacies of goeasy with our comprehensive analyst estimates report here.
• According our valuation report, there's an indication that goeasy's share price might be on the cheaper side.

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 Inc. generates revenue of $382.44 million from providing lending-related services to borrowers, banks, and other institutions.

Insider Ownership: 40%

Revenue Growth Forecast: 23.5% p.a.

Propel Holdings demonstrates robust growth prospects with substantial insider ownership, despite significant recent insider selling. The company's earnings grew by 74% over the past year and are forecast to grow annually by 37.25%, outpacing the Canadian market. Revenue is expected to increase at 23.5% per year, supported by an upsized $330 million credit facility for its CreditFresh line of business. Recent quarterly results show sales of US$106.75 million and net income of US$11.12 million, reflecting strong performance momentum.

• Delve into the full analysis future growth report here for a deeper understanding 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 the energy, agriculture, mining, transportation, and other markets in Canada and the United States with a market cap of CA$1.88 billion.

Operations: Revenue segments for TerraVest Industries Inc. 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%

Revenue Growth Forecast: 12.2% p.a.

TerraVest Industries showcases strong growth with high insider ownership, despite recent shareholder dilution and significant debt levels. The company reported substantial revenue growth to CAD 238.13 million for Q3 2024, up from CAD 150.36 million a year ago, and net income rising to CAD 11.92 million from CAD 7.97 million. Earnings per share also improved significantly over the same period. Revenue is forecasted to grow at an annual rate of 12.2%, outpacing the Canadian market's average growth rate of 7%.

• Unlock comprehensive insights into our analysis of TerraVest Industries stock in this growth report.
• The valuation report we've compiled suggests that TerraVest Industries' current price could be inflated.

Taking Advantage

• Click this link to deep-dive into the 36 companies within our Fast Growing TSX Companies With High Insider Ownership screener.
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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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