Top Insider-Favored Growth Companies For October 2024

As global markets navigate a complex economic landscape marked by interest rate adjustments and fluctuating energy prices, the U.S. indices have shown resilience, with notable gains in the S&P 500 and Nasdaq Composite driven by sectors such as utilities, real estate, and technology. Amidst this backdrop of cautious optimism and sector-specific growth, identifying companies with high insider ownership can be particularly insightful for investors seeking to align their interests with those of company leaders who have a vested stake in long-term success.

Top 10 Growth Companies With High Insider Ownership

Name	Insider Ownership	Earnings Growth
Lavvi Empreendimentos Imobiliários (BOVESPA:LAVV3)	11.9%	21.1%
Atlas Energy Solutions (NYSE:AESI)	29.1%	41.9%
Kirloskar Pneumatic (BSE:505283)	30.3%	30.1%
Arctech Solar Holding (SHSE:688408)	37.8%	29.8%
Laopu Gold (SEHK:6181)	36.4%	33.2%
HANA Micron (KOSDAQ:A067310)	18.3%	105.8%
Credo Technology Group Holding (NasdaqGS:CRDO)	13.9%	95%
Adveritas (ASX:AV1)	21.2%	144.2%
Plenti Group (ASX:PLT)	12.8%	106.4%
EHang Holdings (NasdaqGM:EH)	32.8%	81.4%

Click here to see the full list of 1480 stocks from our Fast Growing Companies With High Insider Ownership screener.

Let's dive into some prime choices out of the screener.

Unionman TechnologyLtd (SHSE:688609)

Simply Wall St Growth Rating: ★★★★★★

Overview: Unionman Technology Co., Ltd. engages in the production, sale, and servicing of multimedia information terminals, smart home network communication equipment, IoT communication modules, optical communication modules, smart security equipment, and related software systems and platforms with a market cap of approximately CN¥6.57 billion.

Operations: Unionman Technology Co., Ltd. generates revenue of CN¥2.35 billion from its operations in the Computer, Communications, and Other Electronic Intelligent Equipment Manufacturing Industry.

Insider Ownership: 32.4%

Earnings Growth Forecast: 86.6% p.a.

Unionman Technology Ltd. demonstrates potential as a growth company with high insider ownership, despite recent volatility and financial challenges. The company reported increased revenue of CNY 1.34 billion for the first half of 2024 but faced a net loss of CNY 54.44 million. Revenue is forecast to grow at 33.4% annually, outpacing the market average, and profitability is expected within three years, indicating robust long-term prospects despite current losses.

• Navigate through the intricacies of Unionman TechnologyLtd with our comprehensive analyst estimates report here.
• Our valuation report here indicates Unionman TechnologyLtd may be overvalued.

Bona Film Group (SZSE:001330)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Bona Film Group Co., Ltd. is involved in film production and distribution in China with a market cap of CN¥7.10 billion.

Operations: The company's revenue is primarily derived from its movie theater operations at CN¥1.12 billion, followed by film investment at CN¥185.97 million and film distribution at CN¥117.05 million.

Insider Ownership: 20.6%

Earnings Growth Forecast: 77.7% p.a.

Bona Film Group is poised for significant growth with forecasted revenue increases of 32.2% annually, surpassing the Chinese market average. Despite a net loss of CNY 138.54 million for the first half of 2024, earnings are projected to grow by 77.74% per year, with profitability expected within three years. Recent share buybacks totaling CNY 47 million reflect management's confidence in stabilizing share prices and enhancing shareholder value amidst current financial challenges.

• Delve into the full analysis future growth report here for a deeper understanding of Bona Film Group.
• Upon reviewing our latest valuation report, Bona Film Group's share price might be too optimistic.

Jiangsu Azure (SZSE:002245)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Jiangsu Azure Corporation operates in China, focusing on lithium batteries, LED chips, and metal logistics and distribution, with a market cap of CN¥10.29 billion.

Operations: The company's revenue is derived from three main segments: lithium batteries (CN¥2.12 billion), metal logistics (CN¥2.44 billion), and LED epitaxial wafers and chips (CN¥1.39 billion).

Insider Ownership: 15.1%

Earnings Growth Forecast: 33.8% p.a.

Jiangsu Azure has demonstrated substantial growth, with half-year sales and net income rising to CNY 3.06 billion and CNY 167.32 million, respectively. Earnings are forecasted to grow significantly at 33.8% annually, outpacing the Chinese market average of 23.8%. The company’s revenue is also expected to increase faster than the market at 15.8% per year, though below the high-growth threshold of 20%. Recent shareholder meetings focused on cash management and corporate governance adjustments reflect active insider involvement in strategic decisions.

• Get an in-depth perspective on Jiangsu Azure's performance by reading our analyst estimates report here.
• The analysis detailed in our Jiangsu Azure valuation report hints at an inflated share price compared to its estimated value.

Seize The Opportunity

• Dive into all 1480 of the Fast Growing Companies With High Insider Ownership we have identified here.
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Curious About Other Options?

• 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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