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The Canadian stock market has shown resilience, with the TSX rising over 2% recently despite ongoing tariff uncertainties that have impacted global markets. In this environment, companies with high insider ownership can be particularly appealing as they often signal strong alignment between management and shareholders, especially when these companies are also experiencing significant earnings growth.
Top 10 Growth Companies With High Insider Ownership In Canada
Overview: goeasy Ltd. operates in Canada, offering non-prime leasing and lending services through its easyhome, easyfinancial, and LendCare brands, with a market cap of CA$2.57 billion.
Operations: The company's revenue is derived from its Easyhome segment, contributing CA$152.88 million, and its Easyfinancial segment, generating CA$1.37 billion.
Insider Ownership: 21.7%
Earnings Growth Forecast: 15.4% p.a.
goeasy demonstrates strong growth potential with forecasted revenue growth of 28% per year, significantly outpacing the Canadian market. Despite a dividend not well covered by free cash flows, insider confidence is evident as more shares were bought than sold recently. The company has engaged in strategic debt financing to optimize its capital structure and intends to expand its loan portfolio substantially under new CEO Dan Rees's leadership.
Overview: North American Construction Group Ltd. offers mining and heavy civil construction services to the resource development and industrial construction sectors in Australia, Canada, and the United States with a market cap of CA$630.26 million.
Operations: The company generates revenue from heavy equipment services amounting to CA$555.30 million in Canada and CA$590.90 million in Australia.
Insider Ownership: 10.6%
Earnings Growth Forecast: 45.6% p.a.
North American Construction Group has seen substantial insider buying recently, indicating confidence despite a challenging financial position with interest payments not well covered by earnings. The company's revenue is forecasted to grow faster than the Canadian market at 5.6% annually, while earnings are expected to grow significantly at 45.61% per year. However, net income declined from C$63.14 million to C$44.09 million in 2024, and profit margins have decreased compared to last year.
Overview: TerraVest Industries Inc. is a company that manufactures and sells goods and services across various sectors including agriculture, mining, energy, chemicals, utilities, transportation, and construction in Canada, the United States, and internationally with a market cap of approximately CA$2.64 billion.
Operations: TerraVest Industries generates revenue through several segments, including Service (CA$202.65 million), Processing Equipment (CA$97.26 million), Compressed Gas Equipment (CA$280.72 million), and HVAC and Containment Equipment (CA$341.95 million).
Insider Ownership: 21%
Earnings Growth Forecast: 27.8% p.a.
TerraVest Industries' recent earnings report highlights strong growth, with net income rising to C$28.74 million from C$17.38 million year-over-year, and earnings per share increasing significantly. The company's revenue is expected to grow at 39.1% annually, outpacing the Canadian market's average growth rate of 4.7%. While trading below its estimated fair value by a substantial margin, TerraVest's forecasted annual profit growth of 27.8% also surpasses the market average of 16.4%.
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 TSX:GSY TSX:NOA and TSX:TVK.
