TSX Growth Companies With High Insider Ownership
As the Canadian market navigates a landscape of resilient economic growth and solid earnings, investors are paying close attention to the broader participation in earnings growth across sectors, which could enhance market stability. In this context, growth companies with high insider ownership on the TSX stand out as potentially attractive options due to their alignment of interests between management and shareholders, a factor that can be particularly compelling during times of economic resilience and evolving investment themes.
Top 10 Growth Companies With High Insider Ownership In Canada
| Name | Insider Ownership | Earnings Growth |
| Sernova Biotherapeutics (TSX:SVA) | 13.5% | 60.9% |
| ROK Resources (TSXV:ROK) | 17.7% | 87.4% |
| Propel Holdings (TSX:PRL) | 28.0% | 37.1% |
| Heliostar Metals (TSXV:HSTR) | 16.2% | 20.7% |
| Hammond Power Solutions (TSX:HPS.A) | 27.2% | 31.8% |
| Electrovaya (TSX:ELVA) | 35.3% | 42% |
| Cizzle Brands (NEOE:CZZL) | 13.1% | 90.4% |
| CEMATRIX (TSX:CEMX) | 10.7% | 28.9% |
| Almonty Industries (TSX:AII) | 10.8% | 46% |
| Allied Gold (TSX:AAUC) | 16.2% | 40.3% |
Let's dive into some prime choices out of the screener.
Almonty Industries (TSX:AII)
Simply Wall St Growth Rating: ★★★★★★
Overview: Almonty Industries Inc. is involved in the mining, processing, and shipping of tungsten concentrates with a market cap of CA$4.47 billion.
Operations: The company's revenue is primarily derived from its Panasqueira operations, contributing CA$49.92 million, with an additional CA$0.09 million from Woulfe.
Insider Ownership: 10.8%
Almonty Industries, with substantial insider ownership, is poised for significant growth. The company forecasts a 39.9% annual revenue increase, outpacing the Canadian market. Despite recent volatility and insider selling, Almonty's strategic delisting from ASX aims to streamline operations amidst expanding tungsten production at its Sangdong Mine in South Korea. Enhanced offtake agreements and high tungsten prices bolster its financial outlook as it transitions to active revenue generation while maintaining competitive value trading below estimated fair value.
- Get an in-depth perspective on Almonty Industries' performance by reading our analyst estimates report here.
- Our comprehensive valuation report raises the possibility that Almonty Industries is priced lower than what may be justified by its financials.
North American Construction Group (TSX:NOA)
Simply Wall St Growth Rating: ★★★★☆☆
Overview: North American Construction Group Ltd. offers mining and heavy civil construction services across the resource development and industrial construction sectors in Australia, Canada, and the United States, with a market cap of CA$517.39 million.
Operations: The company's revenue segments include CA$532.62 million from Heavy Equipment in Canada and CA$717.73 million from Heavy Equipment in Australia.
Insider Ownership: 10.6%
North American Construction Group, with significant insider buying, is positioned for growth through strategic expansions in Canada's mining sector. Revenue is expected to grow at 8.3% annually, surpassing the Canadian market's rate. Recent equipment additions and new project awards in Nunavut and Yukon aim to boost capacity and revenue by approximately 20%. Despite a low forecasted return on equity of 13.5%, earnings are projected to grow significantly at 22.8% annually, enhancing its competitive edge despite challenges like unsustainable dividends and interest coverage issues.
- Unlock comprehensive insights into our analysis of North American Construction Group stock in this growth report.
- Our expertly prepared valuation report North American Construction Group implies its share price may be lower than expected.
Propel Holdings (TSX:PRL)
Simply Wall St Growth Rating: ★★★★★☆
Overview: Propel Holdings Inc., along with its subsidiaries, operates as a financial technology company with a market cap of CA$969.48 million.
Operations: The company's revenue primarily comes from providing lending-related services to borrowers, banks, and other institutions, totaling $616.94 million.
Insider Ownership: 28.0%
Propel Holdings is poised for growth with forecasted earnings and revenue increases of 37.08% and 23.1% per year, respectively, outpacing the Canadian market. Despite trading at a substantial discount to its estimated fair value, the company faces challenges such as significant insider selling in recent months and insufficient free cash flow coverage for its 3.51% dividend yield. Additionally, Propel's debt is not adequately covered by operating cash flow, indicating potential financial vulnerabilities.
- Click to explore a detailed breakdown of our findings in Propel Holdings' earnings growth report.
- Our valuation report unveils the possibility Propel Holdings' shares may be trading at a discount.
Summing It All Up
- Click through to start exploring the rest of the 47 Fast Growing TSX Companies With High Insider Ownership now.
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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.
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