Three TSX Growth Companies With At Least 10% Insider Ownership

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Over the past week, Canada's market has shown stability with no significant changes, while it has experienced a 12% rise over the last year. With earnings expected to grow by 15% annually, companies with high insider ownership can be particularly compelling as these insiders may have a strong alignment with shareholders' interests in growing environments.

Top 10 Growth Companies With High Insider Ownership In Canada

Name

Insider Ownership

Earnings Growth

goeasy (TSX:GSY)

21.7%

15.9%

Payfare (TSX:PAY)

15%

57.7%

Vox Royalty (TSX:VOXR)

12.4%

77.3%

Aritzia (TSX:ATZ)

19.1%

51.6%

Allied Gold (TSX:AAUC)

22.4%

68.2%

ROK Resources (TSXV:ROK)

16.6%

159.6%

Aya Gold & Silver (TSX:AYA)

10.2%

51.6%

Silver X Mining (TSXV:AGX)

14.2%

144.2%

Ivanhoe Mines (TSX:IVN)

13.2%

65.8%

Almonty Industries (TSX:AII)

12.4%

82.1%

Click here to see the full list of 31 stocks from our Fast Growing TSX Companies With High Insider Ownership screener.

Underneath we present a selection of stocks filtered out by our screen.

Green Thumb Industries

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Green Thumb Industries Inc. is a company that manufactures, distributes, markets, and sells cannabis products for medical and adult-use in the United States, with a market capitalization of approximately CA$3.68 billion.

Operations: The company generates revenue primarily through its retail operations and consumer packaged goods, totaling CA$806.38 million and CA$583.78 million respectively.

Insider Ownership: 10.9%

Green Thumb Industries, a growth-oriented company with high insider ownership in Canada, is navigating a promising trajectory. Recently reporting a substantial increase in quarterly sales to US$275.81 million and net income to US$31.08 million, the company's financial health appears robust. Despite this, insider transactions have not been significant in volume over the past three months. The stock is currently trading at 42.6% below its estimated fair value, suggesting potential undervaluation amidst its expansion efforts, including opening new dispensaries and enhancing product offerings across North America.

CNSX:GTII Ownership Breakdown as at Jun 2024
CNSX:GTII Ownership Breakdown as at Jun 2024

Aritzia

Simply Wall St Growth Rating: ★★★★★☆

Overview: Aritzia Inc. is a company that designs, develops, and sells women's apparel and accessories in the United States and Canada, with a market capitalization of approximately CA$3.79 billion.

Operations: The company generates CA$2.33 billion in revenue from the sale of women's apparel and accessories.

Insider Ownership: 19.1%

Aritzia Inc., a Canadian retailer, is experiencing robust growth with earnings expected to increase significantly. Despite a challenging year with lower profit margins and net income compared to the previous year, the company remains optimistic, projecting revenue growth of 8% to 12% for fiscal 2025. Insider ownership remains stable with no significant buying or selling reported recently. Analysts predict a potential price increase of 29.2%, reflecting confidence in its future performance despite current undervaluation.

TSX:ATZ Ownership Breakdown as at Jun 2024
TSX:ATZ Ownership Breakdown as at Jun 2024

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 cap of approximately CA$3.05 billion.

Operations: The company generates revenue through leasing services under the easyhome brand, contributing CA$153.99 million, and lending services under the easyfinancial brand, totaling CA$1.17 billion.

Insider Ownership: 21.7%

goeasy Ltd., a Canadian financial services company, is poised for substantial growth with revenue forecasted to increase by 32.7% annually, outpacing the market significantly. Despite challenges in covering debt with operating cash flow and dividends not well supported by cash flows, insider ownership remains high, ensuring alignment with shareholder interests. Recent executive appointments aim to strengthen leadership within its consumer lending divisions, potentially enhancing operational efficiency and market position.

TSX:GSY Earnings and Revenue Growth as at Jun 2024
TSX:GSY Earnings and Revenue Growth as at Jun 2024

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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 CNSX:GTII TSX:ATZTSX:GSY and .

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