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Robust, high-growth companies such as Frontier Digital Ventures are appealing to investors for many reasons. They bring about a strong upside to your portfolio, and less downside risk as opposed to financially challenged companies. 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.
Frontier Digital Ventures Limited (ASX:FDV)
Frontier Digital Ventures Limited is a private equity firm specializing in investing in and developing online classifieds business. The company was established in 2014 and with the company’s market cap sitting at AUD A$166.05M, it falls under the small-cap group.
FDV’s forecasted bottom line growth is an exceptional 60.52%, driven by underlying sales, which is expected to more than double, over the next few years. 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. Furthermore, the 84.30% growth in operating cash flows indicates that a large portion of this earnings increase is high-quality, day-to-day cash generated by the business, rather than one-offs. FDV’s impressive outlook on all aspects makes it a worthy company to spend more time to understand. Could this stock be your next pick? Have a browse through its key fundamentals here.
ImpediMed Limited (ASX:IPD)
ImpediMed Limited, together with its subsidiaries, engages in the development, manufacture, and sale of bioimpedance devices and consumables in Australia, North America, Europe, and internationally. Established in 1999, and now led by CEO Richard Carreon, the company size now stands at 76 people and with the market cap of AUD A$277.89M, it falls under the small-cap group.
IPD’s projected future profit growth is an exceptional 85.84%, with an underlying triple-digit growth from its revenues expected over the upcoming years. It appears that IPD’s profitability may be sustainable as the fundamental push is top-line expansion rather than unmaintainable cost-cutting activities. We see this bottom-line expansion directly benefiting shareholders, with expected positive return on equity of 1.55%. IPD’s impressive outlook on all aspects makes it a worthy company to spend more time to understand. Considering IPD as a potential investment? Check out its fundamental factors here.
Range International Limited (ASX:RAN)
Range International Limited manufactures and sells plastic pallets made from recycled mixed waste plastic. Range International was established in 2002 and with the stock’s market cap sitting at AUD A$9.45M, it comes under the small-cap stocks category.