Unveiling 3 Top Growth Companies With High Insider Ownership On The TSX
Reviewed by Simply Wall St
Over the last 7 days, the Canadian market has dropped 3.7%, but it remains up 8.2% over the past year with earnings forecasted to grow by 15% annually. In this fluctuating environment, identifying growth companies with high insider ownership can be a strategic approach as it often signals confidence in long-term prospects and alignment with shareholder interests.
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% |
| Medicenna Therapeutics (TSX:MDNA) | 15.4% | 57.2% |
| 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% |
| Magna Mining (TSXV:NICU) | 10.6% | 94.7% |
| Almonty Industries (TSX:AII) | 17.7% | 105% |
Let's take a closer look at a couple of our picks from the screened companies.
Stingray Group (TSX:RAY.A)
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Stingray Group Inc. is a global music, media, and technology company with a market cap of CA$562.03 million.
Operations: Stingray Group Inc. generates revenue primarily from its Radio segment, which accounts for CA$129.37 million, and its Broadcasting and Commercial Music segment, which brings in CA$216.06 million.
Insider Ownership: 25.6%
Return On Equity Forecast: 22% (2027 estimate)
Stingray Group, a growth company with high insider ownership, has seen substantial insider buying in the past three months. The company's revenue is forecast to grow at 5.3% annually, slightly below the Canadian market average of 6.8%. Despite a high level of debt and recent declines in net income, Stingray is expected to become profitable within three years and has a projected return on equity of 22%. Recent developments include new streaming channels on The Roku Channel and executive board changes.
- Unlock comprehensive insights into our analysis of Stingray Group stock in this growth report.
- Our valuation report unveils the possibility Stingray Group's shares may be trading at a discount.
Savaria (TSX:SIS)
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Savaria Corporation offers accessibility solutions for the elderly and physically challenged individuals across Canada, the United States, Europe, and internationally, with a market cap of CA$1.37 billion.
Operations: The company generates revenue from its Patient Care segment (CA$183.82 million) and Segment Adjustment (CA$650.96 million).
Insider Ownership: 19.6%
Return On Equity Forecast: N/A (2027 estimate)
Savaria Corporation, characterized by high insider ownership, has seen substantial insider buying recently. Earnings are forecast to grow 24.87% annually, outpacing the Canadian market's 14.8%. Despite trading at 63.9% below its estimated fair value and experiencing shareholder dilution over the past year, Savaria’s revenue is expected to grow at 7.4% per year. Recent developments include appointing Pernilla Lindén to the Board and consistent monthly dividends of CAD$0.0433 per share.
- Get an in-depth perspective on Savaria's performance by reading our analyst estimates report here.
- 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. 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., with significant insider ownership, recently announced a strategic partnership with Lumenus Community Services to deploy TREAT, enhancing data management and client tracking. The company reported Q1 2024 revenue of CAD$15.26 million and net income of CAD$1.32 million, both showing growth from the previous year. Despite past shareholder dilution, Vitalhub's earnings are forecast to grow significantly at 39.57% annually, outpacing the Canadian market's 14.8%.
- Click to explore a detailed breakdown of our findings in Vitalhub's earnings growth report.
- Our comprehensive valuation report raises the possibility that Vitalhub is priced lower than what may be justified by its financials.
Make It Happen
- Get an in-depth perspective on all 32 Fast Growing TSX Companies With High Insider Ownership by using our screener here.
- Have a stake in these businesses? Integrate your holdings into Simply Wall St's portfolio for notifications and detailed stock reports.
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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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About TSX:RAY.A
Stingray Group
Operates as a music, media, and technology company worldwide.
Reasonable growth potential and fair value.
