ASX Growth Leaders With Strong Insider Ownership For November 2024

Simply Wall St.
07 Nov 2024

As the Australian market navigates a slight downturn with the ASX200 down 0.25% at 8178 points, investors are closely watching global influences like Wall Street's record highs following Donald Trump's re-election. In this environment, growth companies with strong insider ownership can offer unique insights and potential stability, making them intriguing prospects for those looking to align with well-supported leadership strategies.

Top 10 Growth Companies With High Insider Ownership In Australia

NameInsider OwnershipEarnings Growth
Medallion Metals (ASX:MM8)12.9%72.7%
Genmin (ASX:GEN)12.3%117.7%
Catalyst Metals (ASX:CYL)14.8%33.1%
Acrux (ASX:ACR)18.4%91.6%
AVA Risk Group (ASX:AVA)15.7%77.3%
Pointerra (ASX:3DP)20.8%126.4%
Findi (ASX:FND)34.8%64.8%
Brightstar Resources (ASX:BTR)14.8%84.6%
Adveritas (ASX:AV1)21.2%144.2%
Plenti Group (ASX:PLT)12.8%107.6%

Click here to see the full list of 91 stocks from our Fast Growing ASX Companies With High Insider Ownership screener.

Let's review some notable picks from our screened stocks.

IperionX (ASX:IPX)

Simply Wall St Growth Rating: ★★★★★★

Overview: IperionX Limited focuses on the exploration and development of mineral properties in the United States, with a market capitalization of A$963.68 million.

Operations: IperionX Limited does not currently report any revenue segments.

Insider Ownership: 17.7%

IperionX's growth potential is underscored by its forecasted revenue increase of 102% annually, outpacing the Australian market. Despite a recent A$100 million equity offering causing shareholder dilution, the company is trading significantly below estimated fair value. Recent developments include a contract with Ford for titanium components and technological advancements in titanium production. While currently unprofitable, IperionX's projected high return on equity and anticipated profitability within three years highlight its growth trajectory.

  • Navigate through the intricacies of IperionX with our comprehensive analyst estimates report here.
  • In light of our recent valuation report, it seems possible that IperionX is trading beyond its estimated value.
ASX:IPX Ownership Breakdown as at Nov 2024

Kogan.com (ASX:KGN)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Kogan.com Ltd is an online retailer based in Australia with a market capitalization of A$486.91 million.

Operations: The company's revenue segments include A$11.20 million from Mighty Ape in Australia, A$277.82 million from Kogan Parent in Australia, A$135.34 million from Mighty Ape in New Zealand, and A$35.35 million from Kogan Parent in New Zealand.

Insider Ownership: 19.6%

Kogan.com has become profitable, reporting a net income of A$0.083 million for the year ending June 2024, contrasting with a loss the previous year. Its stock is trading significantly below estimated fair value, with earnings projected to grow at 30.18% annually—outpacing the Australian market. Despite recent share buybacks totaling A$51.8 million and completed auditor changes, its dividend yield of 3.08% remains inadequately covered by earnings forecasts.

  • Dive into the specifics of Kogan.com here with our thorough growth forecast report.
  • The valuation report we've compiled suggests that Kogan.com's current price could be inflated.
ASX:KGN Ownership Breakdown as at Nov 2024

Vulcan Steel (ASX:VSL)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Vulcan Steel Limited operates in the sale and distribution of steel and metal products across New Zealand and Australia, with a market capitalization of A$1.03 billion.

Operations: The company's revenue segments include NZ$471.29 million from steel and NZ$593.04 million from metals.

Insider Ownership: 37.2%

Vulcan Steel's earnings are projected to grow significantly at 22.9% annually, surpassing the Australian market average. Despite this growth, its profit margins have declined from 7.1% to 3.8%. The company is seeking acquisitions and investments, indicating a strategic expansion focus. Recent leadership changes include appointing Gavin Street as Chief Commercial Officer and Lou Cadman as New Zealand leader, potentially strengthening operational capabilities amidst an unstable dividend track record and high insider ownership since incorporation in 1995.

  • Click here and access our complete growth analysis report to understand the dynamics of Vulcan Steel.
  • The analysis detailed in our Vulcan Steel valuation report hints at an inflated share price compared to its estimated value.
ASX:VSL Earnings and Revenue Growth as at Nov 2024

Turning Ideas Into Actions

  • Navigate through the entire inventory of 91 Fast Growing ASX Companies With High Insider Ownership here.
  • Have you diversified into these companies? Leverage the power of Simply Wall St's portfolio to keep a close eye on market movements affecting your investments.
  • Simply Wall St is your key to unlocking global market trends, a free user-friendly app for forward-thinking investors.

Interested In Other Possibilities?

  • 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.

Valuation is complex, but we're here to simplify it.

Discover if Kogan.com might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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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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