Top 3 Swedish Growth Stocks With High Insider Ownership In September 2024

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In September 2024, the Swedish market has been navigating through global economic uncertainties, with European indices experiencing notable declines amid fears of a slowdown in global growth. Despite these challenges, insider ownership remains a key indicator of confidence in growth companies. High insider ownership can signal strong alignment between management and shareholders' interests, making it an important factor when evaluating potential investments in today's volatile market.

Top 10 Growth Companies With High Insider Ownership In Sweden

Name

Insider Ownership

Earnings Growth

CTT Systems (OM:CTT)

16.9%

24.8%

Truecaller (OM:TRUE B)

29.5%

21.6%

Fortnox (OM:FNOX)

21.1%

22.6%

Magle Chemoswed Holding (OM:MAGLE)

14.9%

72.2%

Biovica International (OM:BIOVIC B)

18.8%

73.1%

BioArctic (OM:BIOA B)

34%

98.4%

Yubico (OM:YUBICO)

37.5%

42.5%

KebNi (OM:KEBNI B)

37.8%

86.1%

InCoax Networks (OM:INCOAX)

19.5%

115.5%

OrganoClick (OM:ORGC)

23.1%

109.0%

Click here to see the full list of 92 stocks from our Fast Growing Swedish Companies With High Insider Ownership screener.

Here we highlight a subset of our preferred stocks from the screener.

Fortnox

Simply Wall St Growth Rating: ★★★★★★

Overview: Fortnox AB (publ) offers financial and administrative software solutions for small and medium-sized businesses, accounting firms, and organizations, with a market cap of SEK36.56 billion.

Operations: The company's revenue segments include Businesses (SEK378 million), Marketplaces (SEK160 million), Core Products (SEK734 million), Accounting Firms (SEK352 million), and Financial Services (SEK249 million).

Insider Ownership: 21.1%

Revenue Growth Forecast: 20.2% p.a.

Fortnox, a Swedish growth company with high insider ownership, is forecasted to grow its revenue by 20.2% annually, significantly outpacing the market's 1% growth rate. The stock trades at 23.6% below estimated fair value and has seen substantial insider buying in the past three months. Recent earnings reports show strong performance with Q2 revenue of SEK 521 million and net income of SEK 164 million, both up from last year’s figures.

OM:FNOX Earnings and Revenue Growth as at Sep 2024
OM:FNOX Earnings and Revenue Growth as at Sep 2024

Medicover

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Medicover AB (publ) operates healthcare and diagnostic services in Poland, Sweden, and internationally with a market cap of SEK28.98 billion.

Operations: Medicover's revenue segments include €610 million from Diagnostic Services and €1.32 billion from Healthcare Services.