As the Canadian market shows signs of stabilization amidst a broader economic normalization, investors are keenly watching how these trends influence local equities. With the TSX experiencing fluctuations influenced by global economic shifts and commodity price movements, understanding the underlying ownership and growth potential of companies becomes increasingly relevant. In this context, companies with high insider ownership might offer a compelling narrative as they often exemplify a strong alignment between management’s interests and those of shareholders, particularly in uncertain times.

Top 10 Growth Companies With High Insider Ownership In Canada

Click here to see the full list of 30 stocks from our Fast Growing TSX Companies With High Insider Ownership screener.

Here's a peek at a few of the choices from the screener.

Aritzia

Simply Wall St Growth Rating: ★★★★★☆

Overview: Aritzia Inc., a Canadian fashion retailer, designs, develops, and sells women's apparel and accessories primarily in the United States and Canada, with a market capitalization of approximately CA$4.17 billion.

Operations: The company generates its revenue primarily from the sale of women's apparel, totaling CA$2.33 billion.

Insider Ownership: 19%

Earnings Growth Forecast: 51.2% p.a.

Aritzia, a Canadian retailer, is poised for substantial growth with earnings expected to increase by 51.2% annually, outpacing the broader Canadian market. Despite this rapid earnings growth and a forecasted high return on equity of 24.7%, revenue growth projections are more modest at 11% per year. Recent financials show a dip in net profit from CAD 187.59 million to CAD 78.78 million year-over-year, and profit margins have also declined from 8.5% to 3.4%. However, the stock is considered undervalued, trading at 81.9% below estimated fair value.

• Navigate through the intricacies of Aritzia with our comprehensive analyst estimates report here.

• In light of our recent valuation report, it seems possible that Aritzia is trading behind its estimated value.

goeasy

Simply Wall St Growth Rating: ★★★★★☆

Overview: goeasy Ltd. operates in Canada, offering non-prime leasing and lending services through its easyhome, easyfinancial, and LendCare brands with a market capitalization of CA$3.22 billion.

Operations: The company generates CA$153.99 million from easyhome and CA$1.17 billion from easyfinancial in revenue.

Insider Ownership: 21.7%

Earnings Growth Forecast: 15.9% p.a.

goeasy Ltd, a Canadian financial services company, shows promising growth prospects with its revenue forecast to increase by 32.7% annually, significantly outpacing the Canadian market average of 7.1%. Despite this robust revenue growth and a high return on equity projection of 24.3%, challenges persist as the dividend coverage by cash flows remains low and debt is not well covered by operating cash flow. Recent executive appointments aim to strengthen leadership in consumer credit, potentially enhancing strategic direction and operational efficiency.

• Dive into the specifics of goeasy here with our thorough growth forecast report.

• Upon reviewing our latest valuation report, goeasy's share price might be too pessimistic.

Ivanhoe Mines

Simply Wall St Growth Rating: ★★★★★☆

Overview: Ivanhoe Mines Ltd. focuses on the mining, development, and exploration of minerals and precious metals mainly in Africa, with a market capitalization of approximately CA$23.26 billion.

Operations: The company primarily generates its revenue from the mining, development, and exploration of minerals and precious metals across Africa.

Insider Ownership: 13.1%

Earnings Growth Forecast: 65.3% p.a.

Ivanhoe Mines, a growth-oriented company with substantial insider ownership, recently completed the Phase 3 concentrator at its Kamoa-Kakula Copper Complex ahead of schedule, enhancing its production capacity significantly. This development positions the company to become one of the world's largest copper producers with expected annual output exceeding 600,000 tonnes. Despite these advancements and a revenue growth forecast outpacing the Canadian market average significantly, Ivanhoe faces challenges such as recent financial losses and shareholder dilution over the past year.

• Get an in-depth perspective on Ivanhoe Mines' performance by reading our analyst estimates report here.

• Our valuation report unveils the possibility Ivanhoe Mines' shares may be trading at a premium.

Turning Ideas Into Actions

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Curious About Other Options?

• 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.

Companies discussed in this article include TSX:ATZ TSX:GSY and TSX:IVN.

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