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Looking to enhance your portfolio with high-growth, financially-robust stocks, but not sure where you should even begin? Stocks such as WorleyParsons and Polynovo are deemed to be superior in terms of how much they’re expected to earn and return to shareholders, according to analysts. I would suggest taking a look at my list of companies that compare favourably in all criteria, and consider whether they would add value to your current portfolio.
WorleyParsons Limited (ASX:WOR)
WorleyParsons Limited provides professional services to the resources and energy sectors in Australia and internationally. Started in 1971, and currently lead by Andrew Wood, the company size now stands at 22,800 people and has a market cap of AUD A$4.08B, putting it in the mid-cap category.
WOR’s forecasted bottom line growth is an optimistic 44.94%, driven by the underlying double-digit sales growth of 13.04% 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. We see this bottom-line expansion directly benefiting shareholders, with expected positive return on equity of 9.44%. WOR ticks the boxes for robust growth generation on all levels of line items, which makes it an appealing stock to dig into deeper. Interested to learn more about WOR? Have a browse through its key fundamentals here.
Polynovo Limited (ASX:PNV)
Polynovo Limited, a medical device company, designs, develops, and manufactures dermal regeneration solutions in Australia. The company currently employs 31 people and has a market cap of AUD A$330.22M, putting it in the small-cap stocks category.
An outstanding doubling of earnings is forecasted for PNV, driven by strong underlying sales growth over the next few years. It appears that PNV’s profitability may be sustainable as the fundamental push is top-line expansion rather than unmaintainable cost-cutting activities. This prospective profitability should trickle down to shareholders, with analysts expecting the company to generate a high double-digit return on equity of 23.07%. PNV’s impressive outlook on all aspects makes it a worthy company to spend more time to understand. Considering PNV as a potential investment? I recommend researching its fundamentals here.
Magnis Resources Limited (ASX:MNS)
Magnis Resources Limited explores for and develops mineral properties in Australia and East Africa. Magnis Resources was started in 2005 and with the company’s market capitalisation at AUD A$265.49M, we can put it in the small-cap category.