Looking to add potential meaningful upside to your portfolio, but unsure where to start? Stocks such as Comet Ridge and AMA Group are considered to be high growth in terms of how much they’re expected to earn and return to shareholders, according to the market. Whether it be a well-known tech stock or a risky small-cap, I believe diversification towards growth can add value to your current holdings. Below I’ve compiled a list of stocks with a bright future ahead.

Comet Ridge Limited (ASX:COI)

Comet Ridge Limited engages in the exploration and appraisal for coal seam gas resources and reserves in eastern Australia. Comet Ridge was formed in 2003 and with the company’s market cap sitting at AUD A$169.88M, it falls under the small-cap group.

COI is expected to deliver a buoyant earnings growth over the next couple of years of 42.41%, bolstered by a significant revenue which is expected to more than double. An affirming signal is when net income increase is supported by top-line growth. Since net income isn’t artificially inflated by one-off initiatives such as cost-cutting, we know this profit growth is more likely to be sustainable. Moreover, the 48.19% growth in operating cash flows shows that a decent part of earnings is driven by robust cash generation from operational activities, not one-off or non-core activities. COI ticks the boxes for high-growth generation, which makes it an appealing stock to dig into deeper. Want to know more about COI? Take a look at its other fundamentals here.

AMA Group Limited (ASX:AMA)

AMA Group Limited operates in the wholesale vehicle aftercare and accessories market in Australia. AMA Group is currently run by Raymond Malone. With the stock’s market cap sitting at AUD A$509.16M, it comes under the small-cap category

AMA’s forecasted bottom line growth is an optimistic 49.54%, driven by the underlying double-digit sales growth of 42.47% over the next few years. Profit growth, coupled with top-line expansion, is a positive indication. This is because net income isn’t artificially inflated by unsustainable activities such as one-off cost-reductions expected in the future. This prospective profitability should trickle down to shareholders, with analysts expecting the company to generate a positive return on equity of 18.15%. AMA ticks the boxes for robust growth generation on all levels of line items, which makes it an appealing stock to dig into deeper. Interested to learn more about AMA? Check out its fundamental factors here.

rhipe Limited (ASX:RHP)

rhipe Limited, through its subsidiaries, provides cloud licensing, subscription management tools, and value-added services to IT service providers across the Asia Pacific. Founded in 2003, and now led by CEO Dominic O’Hanlon, the company now has 136 employees and has a market cap of AUD A$102.45M, putting it in the small-cap category.