Looking to add potential meaningful upside to your portfolio, but unsure where to start? Stocks such as Newcrest Mining and Bravura Solutions are considered to be high growth in terms of how much they’re expected to earn and return to shareholders, according to the market. Whether it be a well-known tech stock or a risky small-cap, I believe diversification towards growth can add value to your current holdings. Below I’ve compiled a list of stocks with a bright future ahead.
Newcrest Mining Limited (ASX:NCM)
Newcrest Mining Limited, together with its subsidiaries, engages in the exploration, mine development, mine operation, and the sale of gold and gold/copper concentrates in Australia, Southeast Asia, and West Africa. Formed in 1966, and run by CEO Sandeep Biswas, the company size now stands at 5,467 people and with the stock’s market cap sitting at AUD A$17.66B, it comes under the large-cap group.
NCM’s forecasted bottom line growth is an exceptional triple-digit, driven by the underlying double-digit sales growth of 20.64% over the next few years. Though some cost-cutting activities may artificially inflate margins, it appears that this isn’t solely the case here, as profit growth is also coupled with high top-line expansion. This prospective profitability should trickle down to shareholders, with analysts expecting the company to generate a positive return on equity of 8.54%. NCM ticks the boxes for robust growth generation on all levels of line items, which makes it an appealing stock to dig into deeper. A potential addition to your portfolio? Take a look at its other fundamentals here.
Bravura Solutions Limited (ASX:BVS)
Bravura Solutions Limited provides enterprise software and software-as-a-service (SaaS) to the wealth management, life insurance, and funds administration industries in Australia, New Zealand, the United Kingdom, Europe, Africa, Asia, and internationally. Founded in 2004, and currently headed by CEO Anthony Klim, the company currently employs 1,130 people and with the stock’s market cap sitting at AUD A$368.50M, it comes under the small-cap group.
BVS’s projected future profit growth is an exceptional 91.76%, with an underlying 21.45% growth from its revenues expected over the upcoming years. An affirming signal is when net income increase also comes with top-line growth. Even though some cost-reduction initiatives may have also pushed up margins, in the case of BVS, it does not appear extreme. This prospective profitability should trickle down to shareholders, with analysts expecting the company to generate a high double-digit return on equity of 23.94%. BVS ticks the boxes for robust growth generation on all levels of line items, which makes it an appealing stock to dig into deeper. Could this stock be your next pick? Other fundamental factors you should also consider can be found here.