ASX Growth Stocks With Strong Insider Confidence For October 2024

Simply Wall St.
21 Oct 2024

The Australian market has recently faced a downturn, with the ASX200 closing down 0.87% at 8283 points amid concerns about the Chinese economy's strength, leading to all sectors finishing in the red. In such uncertain times, growth companies with high insider ownership can signal confidence from those closest to the business, suggesting they may be well-positioned to navigate challenging market conditions and capitalize on future opportunities.

Top 10 Growth Companies With High Insider Ownership In Australia

Name Insider Ownership Earnings Growth
Clinuvel Pharmaceuticals (ASX:CUV) 10.4% 27.4%
Emerald Resources (ASX:EMR) 18% 32.2%
Genmin (ASX:GEN) 12% 117.7%
Catalyst Metals (ASX:CYL) 14.8% 45.4%
AVA Risk Group (ASX:AVA) 15.7% 118.8%
Hillgrove Resources (ASX:HGO) 10.4% 70.5%
Acrux (ASX:ACR) 17.4% 91.6%
Pointerra (ASX:3DP) 20.1% 126.4%
Adveritas (ASX:AV1) 21.2% 144.2%
Plenti Group (ASX:PLT) 12.8% 106.4%

Click here to see the full list of 98 stocks from our Fast Growing ASX Companies With High Insider Ownership screener.

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

Capricorn Metals

Simply Wall St Growth Rating: ★★★★★☆

Overview: Capricorn Metals Ltd is involved in the evaluation, exploration, development, and production of gold properties in Australia with a market cap of A$2.41 billion.

Operations: The company's revenue primarily comes from its Karlawinda gold operations, amounting to A$359.73 million.

Insider Ownership: 11.9%

Return On Equity Forecast: 34% (2027 estimate)

Capricorn Metals is experiencing strong growth, with earnings forecasted to rise significantly at 20.5% annually, outpacing the Australian market. The company's recent financial results show a substantial increase in net income to A$87.14 million from A$4.4 million the previous year, reflecting robust operational performance. Insider ownership remains high, which can align management's interests with shareholders'. Capricorn is also expanding its Karlawinda Gold Project, potentially boosting production capacity by up to 55%.

  • Click here to discover the nuances of Capricorn Metals with our detailed analytical future growth report.
  • The analysis detailed in our Capricorn Metals valuation report hints at an deflated share price compared to its estimated value.
ASX:CMM Ownership Breakdown as at Oct 2024

Emerald Resources

Simply Wall St Growth Rating: ★★★★★★

Overview: Emerald Resources NL is involved in the exploration and development of mineral reserves in Cambodia and Australia, with a market cap of A$2.76 billion.

Operations: The company's revenue primarily comes from its mine operations, totaling A$366.04 million.

Insider Ownership: 18%

Return On Equity Forecast: 26% (2027 estimate)

Emerald Resources shows promising growth potential, with revenue and earnings expected to increase significantly at 31.1% and 32.2% annually, surpassing the Australian market's average growth rates. The company recently reported a rise in net income to A$84.27 million from A$59.36 million, indicating strong financial performance. Despite past shareholder dilution, insider ownership remains substantial, aligning management interests with shareholders'. Simon Lee AO's upcoming retirement marks the end of an impactful leadership era for Emerald Resources.

  • Delve into the full analysis future growth report here for a deeper understanding of Emerald Resources.
  • Our valuation report unveils the possibility Emerald Resources' shares may be trading at a premium.
ASX:EMR Earnings and Revenue Growth as at Oct 2024

Pinnacle Investment Management Group

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Pinnacle Investment Management Group Limited is an Australian investment management company with a market cap of A$3.87 billion.

Operations: The company generates revenue primarily from its Funds Management Operations, amounting to A$48.99 million.

Insider Ownership: 31.5%

Return On Equity Forecast: 30% (2027 estimate)

Pinnacle Investment Management Group's earnings are projected to grow at 14.4% annually, outpacing the Australian market, while revenue growth is also expected to exceed market averages. Recent financial results show net income rising to A$90.35 million from A$76.47 million, with basic earnings per share increasing to A$0.458. The company appointed Christina Lenard as a director in August 2024, and insider ownership remains significant, aligning management interests with shareholders'.

  • Unlock comprehensive insights into our analysis of Pinnacle Investment Management Group stock in this growth report.
  • Our valuation report here indicates Pinnacle Investment Management Group may be overvalued.
ASX:PNI Ownership Breakdown as at Oct 2024

Turning Ideas Into Actions

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Ready For A Different Approach?

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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.

Companies discussed in this article include ASX:CMM ASX:EMR and ASX:PNI.

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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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