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Insider Ownership: 15.1%

Earnings Growth Forecast: 23.2% p.a.

Nanosonics demonstrates potential as a growth company with high insider ownership, despite recent financial challenges. For the year ended June 30, 2024, sales were A$170.01 million, up from A$165.99 million the previous year; however, net income fell to A$12.97 million from A$19.88 million. Earnings are forecast to grow significantly at 23.15% annually over the next three years, outpacing the Australian market's average growth rate of 12.1%.

• Click here to discover the nuances of Nanosonics with our detailed analytical future growth report.

• The valuation report we've compiled suggests that Nanosonics' current price could be inflated.

Vulcan Steel

Simply Wall St Growth Rating: ★★★★★☆

Overview: Vulcan Steel Limited (ASX:VSL) operates in New Zealand and Australia, focusing on the sale and distribution of steel and metal products, with a market cap of A$968.48 million.

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

Insider Ownership: 34.5%

Earnings Growth Forecast: 32.6% p.a.

Vulcan Steel's earnings are forecast to grow significantly at 32.65% per year, surpassing the Australian market's average growth rate of 12.1%. Despite a decrease in profit margins from 7.1% to 3.8%, the company trades at a substantial discount of 36.5% below its estimated fair value and has high insider ownership. Recent news highlights Vulcan Steel's pursuit of acquisitions and investments, potentially bolstering future growth prospects despite current financial challenges, including reduced sales and net income for FY2024.

• Click to explore a detailed breakdown of our findings in Vulcan Steel's earnings growth report.

• Our expertly prepared valuation report Vulcan Steel implies its share price may be too high.

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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:FLT ASX:NAN and ASX:VSL.

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