TSX Growth Companies With High Insider Ownership In September 2024

Simply Wall St

The Canadian market has climbed 1.1% over the last week and surged 20% in the past year, with earnings forecasted to grow by 15% annually. In this robust environment, growth companies with high insider ownership can be particularly appealing as they often indicate strong confidence from those closest to the business.

Top 10 Growth Companies With High Insider Ownership In Canada

NameInsider OwnershipEarnings Growth
Vox Royalty (TSX:VOXR)12.3%70.7%
Allied Gold (TSX:AAUC)21.9%73.5%
Almonty Industries (TSX:AII)17.7%117.6%
goeasy (TSX:GSY)21.2%17.1%
Alvopetro Energy (TSXV:ALV)19.4%72.4%
Amerigo Resources (TSX:ARG)12%36.8%
Propel Holdings (TSX:PRL)40%37.2%
Aritzia (TSX:ATZ)18.9%60.4%
Medicenna Therapeutics (TSX:MDNA)15.4%57.2%
Alpha Cognition (CNSX:ACOG)17%69.5%

Click here to see the full list of 37 stocks from our Fast Growing TSX Companies With High Insider Ownership screener.

Underneath we present a selection of stocks filtered out by our screen.

Aritzia (TSX:ATZ)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Aritzia Inc., along with its subsidiaries, designs, develops, and sells apparel and accessories for women in the United States and Canada, with a market cap of CA$5.59 billion.

Operations: The company generates CA$2.37 billion in revenue from its apparel segment.

Insider Ownership: 18.9%

Earnings Growth Forecast: 60.4% p.a.

Aritzia, a Canadian growth company with high insider ownership, reported Q1 2024 earnings with sales of C$498.63 million and net income of C$15.83 million. Despite a slight dip in profit margins from 7.5% to 3.3%, the company forecasts significant revenue growth for FY 2025, ranging from C$2.52 billion to C$2.62 billion (8%-12%). Insiders have shown confidence by holding their positions without substantial selling over the past quarter, supporting its strong growth outlook with expected annual earnings growth of 60%.

TSX:ATZ Earnings and Revenue Growth as at Sep 2024

Colliers International Group (TSX:CIGI)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Colliers International Group Inc. offers commercial real estate professional and investment management services to corporate and institutional clients across the Americas, Europe, the Middle East, Africa, and the Asia Pacific with a market cap of CA$10.12 billion.

Operations: The company's revenue segments include $2.59 billion from the Americas, $614.55 million from Asia Pacific, $496.42 million from Investment Management, and $734.93 million from Europe, Middle East & Africa (EMEA).

Insider Ownership: 14.2%

Earnings Growth Forecast: 20.8% p.a.

Colliers International Group, with significant insider ownership, reported strong Q2 2024 earnings of US$1.14 billion in sales and a net income of US$36.72 million, reversing a loss from the previous year. Despite recent substantial insider selling, the company projects annual revenue growth of 8%-13%, bolstered by its acquisition of Englobe and strategic partnership with SPGI Zurich AG. Earnings are forecast to grow significantly at 20.8% annually over the next three years, outpacing market expectations.

TSX:CIGI Ownership Breakdown as at Sep 2024

Ivanhoe Mines (TSX:IVN)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Ivanhoe Mines Ltd. is involved in the mining, development, and exploration of minerals and precious metals primarily in Africa, with a market cap of CA$25.33 billion.

Operations: Ivanhoe Mines Ltd. generates revenue from the mining, development, and exploration of minerals and precious metals across various projects primarily located in Africa.

Insider Ownership: 12.3%

Earnings Growth Forecast: 71.5% p.a.

Ivanhoe Mines, a growth company with high insider ownership, is forecast to achieve significant annual earnings growth of 71.5% and revenue growth of 83.5%. Despite recent shareholder dilution and low return on equity forecasts (17.5%), the stock trades at a discount to its estimated fair value. Recent highlights include record copper production at the Kamoa-Kakula Copper Complex and an MOU with Zambia's Ministry of Mines for exploration activities, potentially enhancing long-term prospects in the region.

TSX:IVN Ownership Breakdown as at Sep 2024

Summing It All Up

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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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