October 2024's Top Insider-Owned Growth Stocks

As global markets navigate a complex landscape marked by interest rate adjustments and mixed economic signals, investors are keenly observing the performance of key indices, with the S&P 500 and Nasdaq Composite showing notable gains driven by sectors like utilities and real estate. In this environment, growth companies with high insider ownership can present compelling opportunities, as significant insider stakes often signal confidence in long-term potential amidst fluctuating market conditions.

Top 10 Growth Companies With High Insider Ownership

Name	Insider Ownership	Earnings Growth
Lavvi Empreendimentos Imobiliários (BOVESPA:LAVV3)	11.9%	21.1%
Archean Chemical Industries (NSEI:ACI)	22.9%	34%
Kirloskar Pneumatic (BSE:505283)	30.3%	30.1%
People & Technology (KOSDAQ:A137400)	16.4%	35.6%
Arctech Solar Holding (SHSE:688408)	37.8%	29.8%
Seojin SystemLtd (KOSDAQ:A178320)	30.7%	49.1%
Medley (TSE:4480)	34%	30.4%
HANA Micron (KOSDAQ:A067310)	18.3%	105.8%
Adveritas (ASX:AV1)	21.2%	144.2%
Plenti Group (ASX:PLT)	12.8%	106.4%

Click here to see the full list of 1485 stocks from our Fast Growing Companies With High Insider Ownership screener.

Here we highlight a subset of our preferred stocks from the screener.

Quick Intelligent EquipmentLtd (SHSE:603203)

Simply Wall St Growth Rating: ★★★★★★

Overview: Quick Intelligent Equipment Co., Ltd. focuses on the research, development, manufacturing, and sale of precision assembly technology for electronics both in China and internationally, with a market cap of CN¥5.74 billion.

Operations: The company's revenue primarily comes from the Special Equipment Manufacturing Industry, generating CN¥840.50 million.

Insider Ownership: 34.4%

Revenue Growth Forecast: 26.5% p.a.

Quick Intelligent Equipment Ltd. demonstrates strong growth potential, with earnings forecast to grow significantly at 33.1% annually, surpassing the CN market's 23.8%. Its revenue is also expected to increase by 26.5% per year, outpacing the market average of 13.5%. Despite a price-to-earnings ratio of 28.5x being below the market average, its dividend yield of 2.6% is not well covered by free cash flows, which could be a concern for investors seeking sustainable dividends.

• Click here to discover the nuances of Quick Intelligent EquipmentLtd with our detailed analytical future growth report.
• Our expertly prepared valuation report Quick Intelligent EquipmentLtd implies its share price may be too high.

Wencan Group (SHSE:603348)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Wencan Group Co., Ltd. is involved in the R&D, production, and sale of automotive aluminum alloy precision die castings both in China and internationally, with a market cap of CN¥7.64 billion.

Operations: The company generates revenue through the research and development, production, and sale of precision die castings made from automotive aluminum alloy for both domestic and international markets.

Insider Ownership: 39.2%

Revenue Growth Forecast: 21.5% p.a.

Wencan Group's recent earnings report shows significant growth, with net income rising to CNY 81.82 million from CNY 13.91 million a year ago, indicating strong operational performance. The company is trading at 70.7% below its estimated fair value, suggesting potential undervaluation. Despite this, insider ownership hasn't seen substantial changes recently and past shareholder dilution may be a concern for some investors. Earnings are forecast to grow significantly at 54.43% annually, outpacing the CN market's average growth rate of 23.8%.

• Take a closer look at Wencan Group's potential here in our earnings growth report.
• The valuation report we've compiled suggests that Wencan Group's current price could be inflated.

Guangzhou Hexin InstrumentLtd (SHSE:688622)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Guangzhou Hexin Instrument Co., Ltd. specializes in the research, development, production, sales, and technical services of mass spectrometry products in China with a market cap of CN¥2.08 billion.

Operations: The company generates revenue of CN¥311.71 million from its Mass Spectrometer Business segment.

Insider Ownership: 34.4%

Revenue Growth Forecast: 54.5% p.a.

Guangzhou Hexin Instrument Ltd. is forecast to experience substantial revenue growth of 54.5% annually, significantly outpacing the CN market average. Despite a challenging first half in 2024 with decreased sales and revenue compared to the previous year, the company is expected to become profitable within three years, marking a promising turnaround. There has been no significant insider trading activity recently, which may be of interest to investors monitoring insider confidence.

• Unlock comprehensive insights into our analysis of Guangzhou Hexin InstrumentLtd stock in this growth report.
• According our valuation report, there's an indication that Guangzhou Hexin InstrumentLtd's share price might be on the expensive side.

Summing It All Up

• Delve into our full catalog of 1485 Fast Growing Companies With High Insider Ownership here.
• Hold shares in these firms? Setup your portfolio in Simply Wall St to seamlessly track your investments and receive personalized updates on your portfolio's performance.
• Simply Wall St is a revolutionary app designed for long-term stock investors, it's free and covers every market in the world.

Ready To Venture Into Other Investment Styles?

• 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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com