The Australian market has climbed 2.0% in the last 7 days and is up 6.4% over the last 12 months, with earnings expected to grow by 13% per annum over the next few years. In this favorable environment, growth companies with high insider ownership can be particularly attractive as they often indicate strong confidence from those closest to the business.
Top 10 Growth Companies With High Insider Ownership In Australia
Overview: Pinnacle Investment Management Group Limited is an Australian investment management company with a market cap of A$3.41 billion.
Operations: Pinnacle generates revenue from its Funds Management Operations, amounting to A$48.99 million.
Insider Ownership: 31.5%
Earnings Growth Forecast: 14.4% p.a.
Pinnacle Investment Management Group has demonstrated solid growth, with earnings increasing by 18.1% over the past year and revenue rising to A$48.99 million from A$45.51 million a year ago. Insider ownership remains high, though recent months saw more insider sales than buys. The company forecasts annual profit growth of 14.4%, outpacing the broader Australian market's 12.7%. Recent strategic moves include appointing Christina Lenard as Director and announcing a share buyback program completion in June 2024.
Overview: Technology One Limited develops, markets, sells, implements, and supports integrated enterprise business software solutions in Australia and internationally with a market cap of A$7.15 billion.
Operations: Revenue segments for Technology One Limited include Software at A$317.24 million, Corporate at A$83.83 million, and Consulting at A$68.13 million.
Insider Ownership: 12.3%
Earnings Growth Forecast: 14.8% p.a.
Technology One has shown robust growth, with half-year revenue reaching A$240.83 million and net income at A$48 million. Earnings per share increased to A$0.1475 from A$0.1273 a year ago. The company forecasts annual earnings growth of 14.8%, outpacing the Australian market's 12.7%. Recent strategic moves include appointing Paul Robson as an independent Non-Executive Director, enhancing their SaaS capabilities and operational efficiency for continued global expansion.
Overview: Temple & Webster Group Ltd operates as an online retailer of furniture, homewares, and home improvement products in Australia with a market cap of A$1.43 billion.
Operations: Temple & Webster generates revenue through the online sale of furniture, homewares, and home improvement products in Australia.
Insider Ownership: 12.9%
Earnings Growth Forecast: 46.8% p.a.
Temple & Webster Group is poised for significant growth, with forecasted annual earnings growth of 46.8%, surpassing the Australian market's 12.7%. The company recently appointed Cameron Barnsley as CFO, bringing extensive financial expertise. Despite a slight decline in profit margins from 2.1% to 0.4%, revenue is expected to grow at 17.8% annually, outpacing the broader market's 5%. A share buyback program aims to repurchase up to A$30 million worth of shares by May 2025, indicating strong capital management and insider confidence in future prospects.
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 ASX:PNI ASX:TNE and ASX:TPW.
