TSX Growth Companies With High Insider Ownership

The Canadian market has shown a steady performance, maintaining its position over the last week and achieving a 10% increase over the past year, with expectations of earnings growth at 15% annually in the coming years. In this context, growth companies with high insider ownership can be particularly compelling, as significant insider stakes often align management’s interests with those of shareholders, potentially enhancing long-term value in stable and growing markets.

Top 10 Growth Companies With High Insider Ownership In Canada

Name	Insider Ownership	Earnings Growth
Vox Royalty (TSX:VOXR)	12.3%	58.7%
Payfare (TSX:PAY)	15%	46.7%
goeasy (TSX:GSY)	21.5%	15.8%
Propel Holdings (TSX:PRL)	40%	36.4%
Aritzia (TSX:ATZ)	19.1%	51.2%
Aya Gold & Silver (TSX:AYA)	10.2%	51.6%
Ivanhoe Mines (TSX:IVN)	13.1%	66.3%
Magna Mining (TSXV:NICU)	10.6%	95.1%
Artemis Gold (TSXV:ARTG)	31.8%	48.8%
Almonty Industries (TSX:AII)	12.3%	105%

Click here to see the full list of 29 stocks from our Fast Growing TSX Companies With High Insider Ownership screener.

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 capitalization of approximately CA$3.14 billion.

Operations: The company generates revenue primarily through its easyhome and easyfinancial segments, which collectively brought in CA$1.32 billion, with CA$154 million from easyhome and CA$1.17 billion from easyfinancial.

Insider Ownership: 21.5%

Earnings Growth Forecast: 15.8% p.a.

goeasy, a Canadian firm with significant insider ownership, recently appointed Patrick Ens as President of easyfinancial and easyhome. Despite no substantial insider buying in the last three months, goeasy has shown robust financial growth with a 54.3% earnings increase over the past year. However, its dividends are not well-covered by cash flows and debt levels are concerning relative to operating cash flow. Forecasted revenue growth is strong at 32.4% per year, outpacing market expectations significantly.

• Click here and access our complete growth analysis report to understand the dynamics of goeasy.
• Our comprehensive valuation report raises the possibility that goeasy is priced lower than what may be justified by its financials.

Savaria (TSX:SIS)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Savaria Corporation operates in the accessibility solutions sector, providing products for the elderly and physically challenged across Canada, the United States, Europe, and internationally, with a market capitalization of approximately CA$1.27 billion.

Operations: The company generates revenue primarily from its Patient Care segment, totaling CA$183.82 million.

Insider Ownership: 19.6%

Earnings Growth Forecast: 24.9% p.a.

Savaria, with high insider ownership, recently added Pernilla Lindén to its board, enhancing its governance with her extensive financial expertise. The company has declared consistent dividends, reinforcing its stable payout policy. Savaria's earnings have shown a solid increase, with a notable rise in net income from CAD 6.04 million to CAD 11.05 million year-over-year in Q1 2024. Looking ahead, it forecasts substantial revenue growth to approximately CAD 1 billion by 2025 and expects earnings growth of about 24.87% annually over the next three years.

• Get an in-depth perspective on Savaria's performance by reading our analyst estimates report here.
• Our valuation report here indicates Savaria may be undervalued.

Artemis Gold (TSXV:ARTG)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Artemis Gold Inc. is a gold development company engaged in the identification, acquisition, and development of gold properties, with a market capitalization of approximately CA$2.05 billion.

Operations: The company primarily generates revenue through the development of gold properties.

Insider Ownership: 31.8%

Earnings Growth Forecast: 48.8% p.a.

Artemis Gold, despite its minimal revenue under CA$1m, is poised for significant growth with a forecasted annual revenue increase of 52.5%. The company's insider transactions reflect more buying than selling recently, though not in large volumes. It's predicted to turn profitable within three years, aligning with its ambitious growth trajectory. However, shareholder dilution occurred over the past year and it currently operates with less than a year of cash runway.

• Click to explore a detailed breakdown of our findings in Artemis Gold's earnings growth report.
• Our valuation report unveils the possibility Artemis Gold's shares may be trading at a premium.

Taking Advantage

• Get an in-depth perspective on all 29 Fast Growing TSX Companies With High Insider Ownership by using our screener here.
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Searching for a Fresh Perspective?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
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• 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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