August 2024's High Growth Companies With Strong Insider Confidence

Amidst a backdrop of market volatility and mixed economic signals, investors are increasingly seeking companies that demonstrate both growth potential and strong insider confidence. In this article, we explore three high-growth companies where significant insider ownership suggests a robust belief in their long-term prospects.

Top 10 Growth Companies With High Insider Ownership

Name	Insider Ownership	Earnings Growth
Yggdrazil Group (SET:YGG)	12%	33.5%
Lavvi Empreendimentos Imobiliários (BOVESPA:LAVV3)	11.9%	21.2%
Gaming Innovation Group (OB:GIG)	26.7%	37.4%
Medley (TSE:4480)	34%	28.7%
Clinuvel Pharmaceuticals (ASX:CUV)	13.6%	26.8%
KebNi (OM:KEBNI B)	37.8%	90.4%
Global Tax Free (KOSDAQ:A204620)	18.1%	90.6%
Credo Technology Group Holding (NasdaqGS:CRDO)	14.4%	60.9%
EHang Holdings (NasdaqGM:EH)	32.8%	74.3%
UTI (KOSDAQ:A179900)	33.1%	122.7%

Click here to see the full list of 1472 stocks from our Fast Growing Companies With High Insider Ownership screener.

Here's a peek at a few of the choices from the screener.

Merdeka Battery Materials (IDX:MBMA)

Simply Wall St Growth Rating: ★★★★★☆

Overview: PT Merdeka Battery Materials Tbk. specializes in the mining and processing of nickel, cobalt, and other mineral deposits with a market cap of IDR62.64 trillion.

Operations: The company's revenue segments include $1.61 billion from manufacturing.

Insider Ownership: 16%

Earnings Growth Forecast: 51.8% p.a.

Merdeka Battery Materials (MBMA) has shown promising growth potential with revenue forecasted to grow at 20.2% annually, outpacing the Indonesian market's 9%. Despite a volatile share price, analysts predict a 29.1% rise in stock value. MBMA recently reported significant sales growth from US$142.73 million to US$444.22 million year-over-year and turned profitable this year with net income of US$3.67 million compared to a prior net loss of US$7.01 million.

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

MBC Group (SASE:4072)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: MBC Group operates as a media company in the United Arab Emirates, Saudi Arabia, Egypt, Iraq, North Africa, and internationally with a market cap of SAR13.48 billion.

Operations: The company generates revenue from its media operations across the United Arab Emirates, Saudi Arabia, Egypt, Iraq, North Africa, and internationally.

Insider Ownership: 36%

Earnings Growth Forecast: 48.8% p.a.

MBC Group has shown strong growth potential with earnings forecasted to grow 48.83% annually, significantly outpacing the South African market's 7.5%. Despite a volatile share price and large one-off items impacting financial results, revenue is expected to grow at 14.3% per year, faster than the market average of 1.1%. The company was recently added to the S&P Global BMI and S&P Pan Arab Composite indices, reflecting its increasing prominence in the industry.

• Get an in-depth perspective on MBC Group's performance by reading our analyst estimates report here.
• Our valuation report here indicates MBC Group may be overvalued.

Gudeng Precision Industrial (TPEX:3680)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Gudeng Precision Industrial Co., Ltd. provides technology services worldwide and has a market cap of NT$45.78 billion.

Operations: Gudeng Precision Industrial's revenue segments include NT$3.64 billion from semiconductor manufacturing and NT$1.28 billion from semiconductor equipment manufacturing.

Insider Ownership: 27.6%

Earnings Growth Forecast: 37.5% p.a.

Gudeng Precision Industrial's earnings are forecast to grow 37.46% annually, significantly outpacing the TW market's 18.8%. Revenue is expected to grow 24.8% per year, also faster than the market average of 11.7%. Despite recent board changes and a decline in Q1 net income from TWD 335.55 million to TWD 211.23 million, the company trades at a valuation below its estimated fair value, indicating potential upside for investors focused on growth and insider ownership stability.

• Dive into the specifics of Gudeng Precision Industrial here with our thorough growth forecast report.
• The valuation report we've compiled suggests that Gudeng Precision Industrial's current price could be inflated.

Turning Ideas Into Actions

• Click this link to deep-dive into the 1472 companies within our Fast Growing Companies With High Insider Ownership screener.
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• Join a community of smart investors by using Simply Wall St. It's free and delivers expert-level analysis on worldwide markets.

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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