Individual investors like stocks with a high growth potential. These companies have a strong outlook that can bring a significant upside to your portfolio, regardless of market cyclicality. If your holdings could benefit from diversification towards growth stocks, whether it be in reputable tech stocks or green small-caps, take a look at my list of stocks with a bright future ahead.
Kenmare Resources plc (LSE:KMR)
Kenmare Resources plc, together with its subsidiaries, operates as a mining company primarily in Europe, Asia, the United States, and internationally. Formed in 1972, and currently headed by CEO Michael Carvill, the company size now stands at 1,324 people and with the market cap of GBP £276.20M, it falls under the small-cap category.
KMR’s forecasted bottom line growth is an optimistic 31.50%, driven by the underlying double-digit sales growth of 26.40% over the next few years. Profit growth, coupled with top-line expansion, is a positive indication. This is because net income isn’t artificially inflated by unsustainable activities such as one-off cost-reductions expected in the future. This prospective profitability should trickle down to shareholders, with analysts expecting the company to generate a positive return on equity of 6.00%. KMR ticks the boxes for robust growth generation on all levels of line items, which makes it an appealing stock to dig into deeper. Thinking of investing in KMR? Have a browse through its key fundamentals here.
Bango plc (AIM:BGO)
Bango plc develops, markets, and sells technology to enable mobile phone users to make payments for goods and services on connected devices primarily in the United Kingdom. Formed in 1999, and now led by CEO Raymond Anderson, the company now has 78 employees and with the stock’s market cap sitting at GBP £116.92M, it comes under the small-cap group.
Extreme optimism for BGO, as market analysts projected an outstanding earnings growth, which is expected to more than double, supported by an equally strong sales. It appears that BGO’s profitability may be sustainable as the fundamental push is top-line expansion rather than unmaintainable cost-cutting activities. We see this bottom-line expansion directly benefiting shareholders, with expected positive return on equity of 16.00%. BGO’s impressive outlook on all aspects makes it a worthy company to spend more time to understand. Thinking of investing in BGO? Check out its fundamental factors here.
Metro Bank PLC (LSE:MTRO)
Metro Bank PLC, together with its subsidiaries, provides retail and corporate banking services in the United Kingdom. Formed in 2007, and currently headed by CEO Craig Donaldson, the company now has 3,090 employees and with the market cap of GBP £2.97B, it falls under the mid-cap group.
MTRO’s projected future profit growth is a robust 40.93%, with an underlying 96.91% growth from its revenues expected over the upcoming years. An affirming signal is when net income increase is supported by top-line growth. Since net income isn’t artificially inflated by one-off initiatives such as cost-cutting, we know this profit growth is more likely to be sustainable. This prospective profitability should trickle down to shareholders, with analysts expecting the company to generate a positive return on equity of 13.01%. MTRO ticks the boxes for high-growth generation on all levels of line items, which makes it an appealing stock to dig into deeper. Want to know more about MTRO? Take a look at its other fundamentals here.
For more financially robust companies with high growth potential to enhance your portfolio, explore this interactive list of fast growing companies.