3 TSX Growth Companies With High Insider Ownership And Up To 63% Earnings Growth

Over the last 7 days, the Canadian market has dropped 2.5%. In contrast to the last week, the market is up 9.5% over the past year and earnings are expected to grow by 15% per annum over the next few years. In this environment, identifying growth companies with high insider ownership can be particularly compelling as it often indicates strong confidence from those closest to the business. Here are three TSX-listed growth companies that fit this profile and have shown up to 63% earnings growth.

Top 10 Growth Companies With High Insider Ownership In Canada

Name	Insider Ownership	Earnings Growth
Vox Royalty (TSX:VOXR)	12.6%	58.4%
goeasy (TSX:GSY)	21.5%	16.3%
Payfare (TSX:PAY)	14.8%	38.6%
Ivanhoe Mines (TSX:IVN)	12.3%	41.3%
Allied Gold (TSX:AAUC)	22.5%	58.0%
Alpha Cognition (CNSX:ACOG)	17.9%	66.5%
Aya Gold & Silver (TSX:AYA)	10.3%	68.5%
Artemis Gold (TSXV:ARTG)	29.8%	43.6%
Silver X Mining (TSXV:AGX)	14.1%	144.2%
Almonty Industries (TSX:AII)	17.7%	105%

Click here to see the full list of 31 stocks from our Fast Growing TSX Companies With High Insider Ownership screener.

Let's explore several standout options from the results in the screener.

Stingray Group (TSX:RAY.A)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Stingray Group Inc. operates as a global music, media, and technology company with a market cap of CA$562.03 million.

Operations: The company generates revenue from two primary segments: Radio (CA$129.37 million) and Broadcasting and Commercial Music (CA$216.06 million).

Insider Ownership: 25.6%

Earnings Growth Forecast: 63.2% p.a.

Stingray Group, a growth company with high insider ownership, recently expanded its offerings by launching several FAST channels on The Roku Channel in the US and Canada. Despite reporting a net loss of CAD 13.74 million for the fiscal year ending March 31, 2024, insiders have substantially bought more shares than sold in the past three months. Analysts forecast profitability within three years and expect earnings to grow at an annual rate of 63.24%.

• Dive into the specifics of Stingray Group here with our thorough growth forecast report.
• Our valuation report here indicates Stingray Group may be undervalued.

Savaria (TSX:SIS)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Savaria Corporation, with a market cap of CA$1.37 billion, offers accessibility solutions for the elderly and physically challenged individuals across Canada, the United States, Europe, and internationally.

Operations: The company's revenue segments include Patient Care at CA$183.82 million and Segment Adjustment at CA$650.96 million.

Insider Ownership: 19.6%

Earnings Growth Forecast: 24.9% p.a.

Savaria Corporation, with significant insider ownership, has demonstrated consistent earnings growth, reporting CAD 11.05 million in net income for Q1 2024 compared to CAD 6.04 million a year earlier. The company pays a reliable monthly dividend of $0.0433 per share and forecasts revenue to reach approximately $1 billion in 2025. Despite some recent insider selling and past shareholder dilution, analysts expect Savaria's earnings to grow significantly at an annual rate of 24.87%.

• Unlock comprehensive insights into our analysis of Savaria stock in this growth report.
• The analysis detailed in our Savaria valuation report hints at an inflated share price compared to its estimated value.

Vitalhub (TSX:VHI)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Vitalhub Corp. offers technology solutions for health and human service providers across various regions, including Canada, the United States, the United Kingdom, Australia, Western Asia, and internationally, with a market cap of CA$407.84 million.

Operations: The company's revenue segment includes Healthcare Software, generating CA$55.17 million.

Insider Ownership: 15.1%

Earnings Growth Forecast: 39.6% p.a.

VitalHub, with substantial insider ownership, has shown promising growth potential. The company recently reported a Q1 2024 revenue of CAD 15.26 million, up from CAD 12.6 million the previous year, and net income of CAD 1.32 million compared to CAD 0.16 million last year. Despite past shareholder dilution, VitalHub's earnings are forecast to grow significantly at 39.6% per year over the next three years, outpacing the Canadian market average of 15.2%.

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

Make It Happen

• Unlock more gems! Our Fast Growing TSX Companies With High Insider Ownership screener has unearthed 28 more companies for you to explore.Click here to unveil our expertly curated list of 31 Fast Growing TSX Companies With High Insider Ownership.
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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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