Top TSX Growth Companies With High Insider Ownership In August 2024

Over the last 7 days, the Canadian market has dropped 2.3%, but it remains up 9.5% over the past year with earnings forecasted to grow by 15% annually. 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%	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%
Magna Mining (TSXV:NICU)	10.6%	94.7%
Silver X Mining (TSXV:AGX)	14.1%	144.2%

Click here to see the full list of 30 stocks from our Fast Growing TSX Companies With High Insider Ownership screener.

We're going to check out a few of the best picks from our screener tool.

Stingray Group (TSX:RAY.A)

Simply Wall St Growth Rating: ★★★★☆☆

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

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

Insider Ownership: 25.6%

Return On Equity Forecast: 22% (2027 estimate)

Stingray Group, a growth company with high insider ownership, is forecast to see earnings grow 63.24% annually and become profitable within three years. Despite trading at 66.3% below its estimated fair value, it has a high level of debt and its dividend of C$0.04 per share is not well covered by earnings. Recent initiatives include launching FAST channels on The Roku Channel and partnering with Samsung VXT to enhance commercial customer experiences in the US and Canada.

• Get an in-depth perspective on Stingray Group's performance by reading our analyst estimates report here.
• Our expertly prepared valuation report Stingray Group implies its share price may be lower than expected.

Savaria (TSX:SIS)

Simply Wall St Growth Rating: ★★★★☆☆

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

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

Insider Ownership: 19.6%

Return On Equity Forecast: N/A (2027 estimate)

Savaria Corporation, trading significantly below its estimated fair value, has seen earnings grow 13.1% annually over the past five years and is forecast to grow profits by 24.87% per year, outpacing the Canadian market. Despite recent insider selling, it maintains a reliable dividend of C$0.0433 per share monthly and expects revenue to reach C$1 billion in 2025. Recent board addition Pernilla Lindén brings extensive financial expertise to support growth initiatives.

• Dive into the specifics of Savaria here with our thorough growth forecast report.
• The valuation report we've compiled suggests that Savaria's current price could be inflated.

Vitalhub (TSX:VHI)

Simply Wall St Growth Rating: ★★★★☆☆

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

Operations: Vitalhub generates CA$55.17 million in revenue from its healthcare software segment.

Insider Ownership: 15.1%

Return On Equity Forecast: N/A (2027 estimate)

Vitalhub Corp. has experienced substantial revenue growth, reporting CAD 15.26 million for Q1 2024, up from CAD 12.6 million a year ago, and net income of CAD 1.32 million compared to CAD 0.16 million previously. The company recently partnered with Lumenus Community Services to implement its TREAT system, enhancing data management and client tracking capabilities. Despite past shareholder dilution, Vitalhub's earnings are forecast to grow significantly at 39.6% per year, outpacing the Canadian market's growth rate.

• Delve into the full analysis future growth report here for a deeper understanding of Vitalhub.
• The analysis detailed in our Vitalhub valuation report hints at an deflated share price compared to its estimated value.

Next Steps

• Get an in-depth perspective on all 30 Fast Growing TSX Companies With High Insider Ownership by using our screener here.
• Already own these companies? Bring clarity to your investment decisions by linking up your portfolio with Simply Wall St, where you can monitor all the vital signs of your stocks effortlessly.
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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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