Top Growth Companies With High Insider Ownership On The Swedish Exchange In September 2024
Reviewed by Simply Wall St
As European markets continue to rally, buoyed by slower inflation and potential interest rate cuts from the European Central Bank, investors are increasingly looking for growth opportunities with strong insider ownership. In this article, we explore three top growth companies on the Swedish Exchange that exhibit high levels of insider ownership, a factor often seen as a sign of confidence in the company's future prospects.
Top 10 Growth Companies With High Insider Ownership In Sweden
| Name | Insider Ownership | Earnings Growth |
| CTT Systems (OM:CTT) | 16.9% | 24.8% |
| Truecaller (OM:TRUE B) | 29.5% | 21.6% |
| Fortnox (OM:FNOX) | 21.1% | 22.6% |
| Magle Chemoswed Holding (OM:MAGLE) | 14.9% | 72.2% |
| Biovica International (OM:BIOVIC B) | 18.8% | 73.1% |
| BioArctic (OM:BIOA B) | 34% | 98.4% |
| Yubico (OM:YUBICO) | 37.5% | 42.5% |
| KebNi (OM:KEBNI B) | 37.8% | 86.1% |
| InCoax Networks (OM:INCOAX) | 19% | 115.5% |
| Calliditas Therapeutics (OM:CALTX) | 12.7% | 51.9% |
Here's a peek at a few of the choices from the screener.
Absolent Air Care Group (OM:ABSO)
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Absolent Air Care Group AB (publ) designs, develops, sells, installs, and maintains air filtration units with a market cap of SEK3.57 billion.
Operations: The company's revenue segments include Industrial at SEK1.14 billion and Commercial Kitchen at SEK281.66 million.
Insider Ownership: 13.5%
Earnings Growth Forecast: 18.8% p.a.
Absolent Air Care Group, a growth company with high insider ownership, is forecasted to grow its earnings at 18.8% per year, outpacing the Swedish market's 15.1%. Despite trading at 39.4% below its estimated fair value and achieving a high return on equity (20.4%) in three years, recent executive changes may impact stability. Recent earnings showed modest sales growth but a decline in quarterly net income and basic EPS compared to last year.
- Navigate through the intricacies of Absolent Air Care Group with our comprehensive analyst estimates report here.
- The valuation report we've compiled suggests that Absolent Air Care Group's current price could be inflated.
Humble Group (OM:HUMBLE)
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Humble Group AB (publ) refines, develops, and distributes fast-moving consumer products in Sweden and internationally, with a market cap of SEK5.60 billion.
Operations: Humble Group's revenue segments include Future Snacking (SEK950 million), Sustainable Care (SEK2.30 billion), Quality Nutrition (SEK1.53 billion), and Nordic Distribution (SEK2.67 billion).
Insider Ownership: 13%
Earnings Growth Forecast: 78.3% p.a.
Humble Group insiders have significantly increased their holdings in the past three months, reflecting confidence in its future. The company is forecasted to grow its earnings by 78.3% annually and become profitable within three years, outpacing the Swedish market's growth. Recent earnings reports show a rise in sales to SEK 1.86 billion for Q2 2024 and net income of SEK 32 million, reversing last year's losses. Trading at good value compared to peers and industry, Humble also secured an additional SEK 300 million credit facility agreement with major banks.
- Click here to discover the nuances of Humble Group with our detailed analytical future growth report.
- Our comprehensive valuation report raises the possibility that Humble Group is priced lower than what may be justified by its financials.
Medicover (OM:MCOV B)
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Medicover AB (publ) operates healthcare and diagnostic services in Poland, Sweden, and internationally, with a market cap of SEK27.93 billion.
Operations: Medicover's revenue segments include €610 million from Diagnostic Services and €1.32 billion from Healthcare Services.
Insider Ownership: 11.1%
Earnings Growth Forecast: 38.6% p.a.
Medicover has seen strong earnings growth, with net income rising to €12.5 million for the first half of 2024 from €7 million a year ago. The company forecasts organic revenue to exceed €2.2 billion by year-end 2025, indicating robust future growth prospects. Insider ownership remains high, and recent executive changes include Anand Patel joining as CFO in October 2024. Medicover trades at a significant discount to its estimated fair value, though interest payments are not well covered by earnings.
- Get an in-depth perspective on Medicover's performance by reading our analyst estimates report here.
- According our valuation report, there's an indication that Medicover's share price might be on the expensive side.
Where To Now?
- Take a closer look at our Fast Growing Swedish Companies With High Insider Ownership list of 92 companies by clicking 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.
- Streamline your investment strategy with Simply Wall St's app for free and benefit from extensive research on stocks across all corners of the world.
Searching for a Fresh Perspective?
- 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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About OM:ABSO
Absolent Air Care Group
Designs, develops, sells, installs, and maintains air filtration units.
Excellent balance sheet with reasonable growth potential.
