March Growth Stock Opportunities

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Companies such as Galaxy Resources and CV Check have a significantly positive future outlook on the basis of their profitability and returns. Investors seeking to enhance their portfolio should consider these financially stable, high-growth stocks. Analysing the most recent financial data, I’ve created a list of companies that compare favourably in all criteria, making them potentially good additions to your portfolio.

Galaxy Resources Limited (ASX:GXY)

Galaxy Resources Limited, a lithium-focused resources company, explores and produces lithium carbonate mineral properties. Galaxy Resources is currently run by Anthony Tse. With the company’s market capitalisation at AUD A$1.38B, we can put it in the small-cap category

GXY’s forecasted bottom line growth is an optimistic 27.87%, driven by the underlying strong triple-digit sales growth rate over the next few years. It appears that GXY’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 12.95%. GXY’s bullish prospects on both the top and bottom lines make it an interesting stock to invest more time to understand how it can add value to your portfolio. Should you add GXY to your portfolio? I recommend researching its fundamentals here.

ASX:GXY Future Profit Mar 23rd 18
ASX:GXY Future Profit Mar 23rd 18

CV Check Ltd (ASX:CV1)

CV Check Ltd provides personal and professional information screening and verification check services to employers, industry associations, and individuals. CV Check was started in 2004 and with the company’s market cap sitting at AUD A$18.70M, it falls under the small-cap category.

Thinking of investing in CV1? Take a look at its other fundamentals here.

ASX:CV1 Future Profit Mar 23rd 18
ASX:CV1 Future Profit Mar 23rd 18

Xero Limited (ASX:XRO)

Xero Limited, together with its subsidiaries, provides platform for online accounting and business services to small businesses and their advisors worldwide. Established in 2006, and headed by CEO Rod Drury, the company provides employment to 1,853 people and with the company’s market capitalisation at AUD A$4.81B, we can put it in the mid-cap group.

XRO’s forecasted bottom line growth is an exceptional 72.33%, driven by the underlying 81.31% sales growth 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 high double-digit return on equity of 26.98%. XRO’s impressive outlook on all aspects makes it a worthy company to spend more time to understand. Thinking of investing in XRO? Check out its fundamental factors here.