TSX Growth Leaders With High Insider Stakes

Amidst a backdrop of moderating inflation and anticipated rate cuts by the Bank of Canada, the Canadian market presents a unique landscape for investors. Companies with high insider ownership often signal strong confidence in the business's prospects, potentially making them attractive in these evolving economic conditions.

Top 10 Growth Companies With High Insider Ownership In Canada

Name	Insider Ownership	Earnings Growth
goeasy (TSX:GSY)	21.7%	15.8%
Payfare (TSX:PAY)	15%	46.7%
Allied Gold (TSX:AAUC)	22.5%	68.2%
Aritzia (TSX:ATZ)	19%	51.2%
ROK Resources (TSXV:ROK)	16.6%	159.6%
Aya Gold & Silver (TSX:AYA)	10.2%	51.6%
Silver X Mining (TSXV:AGX)	14.2%	144.2%
Magna Mining (TSXV:NICU)	10.5%	95.1%
Ivanhoe Mines (TSX:IVN)	13%	65.5%
Artemis Gold (TSXV:ARTG)	31.8%	48.8%

Click here to see the full list of 28 stocks from our Fast Growing TSX Companies With High Insider Ownership screener.

Below we spotlight a couple of our favorites from our exclusive screener.

Aritzia (TSX:ATZ)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Aritzia Inc. is a retailer that designs, develops, and sells women's apparel and accessories primarily in the United States and Canada, with a market capitalization of approximately CA$4.22 billion.

Operations: The company generates its revenue primarily from the sale of women's apparel, totaling CA$2.33 billion.

Insider Ownership: 19%

Earnings Growth Forecast: 51.2% p.a.

Aritzia Inc. has shown a strong forecast with earnings expected to grow by 51.2% annually, significantly outpacing the Canadian market's average. Despite trading at 81.1% below its estimated fair value, its recent financial performance has seen a decline, with net income dropping from CAD 187.59 million to CAD 78.78 million year-over-year and profit margins falling from 8.5% to 3.4%. However, the company remains optimistic, projecting revenue growth of up to 14% for fiscal 2025 and continuing its share buyback program.

• Click to explore a detailed breakdown of our findings in Aritzia's earnings growth report.
• Our valuation report here indicates Aritzia may be undervalued.

Colliers International Group (TSX:CIGI)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Colliers International Group Inc. operates globally, offering commercial real estate professional and investment management services, with a market capitalization of approximately CA$7.69 billion.

Operations: The company generates revenue through its operations in the Americas (CA$2.53 billion), Asia Pacific (CA$616.58 million), Investment Management (CA$489.23 million), and Europe, Middle East & Africa (EMEA) (CA$730.10 million).

Insider Ownership: 14.2%

Earnings Growth Forecast: 38.3% p.a.

Colliers International Group is experiencing robust growth, with earnings expected to rise by 38.3% annually, surpassing the Canadian market projection of 14.5%. Despite trading at a significant discount to its estimated fair value and concerns over substantial insider selling in recent months, revenue forecasts also outpace market expectations with a 9.5% annual increase. However, the company's debt levels are concerning as they are poorly covered by operating cash flow, indicating potential financial stress.

• Click here and access our complete growth analysis report to understand the dynamics of Colliers International Group.
• Our expertly prepared valuation report Colliers International Group implies its share price may be lower than expected.

Vitalhub (TSX:VHI)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Vitalhub Corp. offers technology solutions to health and human service providers across Canada, the U.S., the U.K., Australia, Western Asia, and other international markets, with a market capitalization of approximately CA$378.12 million.

Operations: The company generates CA$55.17 million from its healthcare software segment.

Insider Ownership: 15.1%

Earnings Growth Forecast: 38.1% p.a.

Vitalhub, a Canadian growth company with high insider ownership, recently announced a partnership with Lumenus Community Services to deploy its TREAT system, enhancing data management and service delivery. This follows a strong Q1 2024 performance with revenue up to CAD 15.26 million from CAD 12.6 million year-over-year and net income increasing significantly to CAD 1.32 million. Despite trading below its fair value estimate, Vitalhub shows promising growth prospects with substantial insider buying over the past three months and earnings expected to grow by 38.1% annually, outpacing the market forecast of 14.5%. However, shareholder dilution has occurred in the past year.

• 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 inflated share price compared to its estimated value.

Summing It All Up

• Gain an insight into the universe of 28 Fast Growing TSX Companies With High Insider Ownership by clicking here.
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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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