The Canadian market has shown robust performance, climbing 1.4% in the last week and up 24% over the past year, with earnings expected to grow by 15% annually. In this promising environment, identifying growth companies with high insider ownership can be a strategic approach, as it often indicates confidence from those closest to the business in its future potential.
Top 10 Growth Companies With High Insider Ownership In Canada
Overview: Colliers International Group Inc. offers commercial real estate and investment management services to corporate and institutional clients across the Americas, Europe, the Middle East, Africa, and the Asia Pacific, with a market cap of CA$10.38 billion.
Operations: The company's revenue segments include $2.59 billion from the Americas, $614.55 million from Asia Pacific, $496.42 million from Investment Management, and $734.93 million from Europe, Middle East & Africa (EMEA).
Insider Ownership: 14.1%
Colliers International Group has demonstrated substantial earnings growth, with a significant increase over the past year. Despite recent shareholder dilution, insiders have been net buyers in the last three months. The company's revenue and earnings are forecast to grow faster than the Canadian market, at 11% and 20.8% annually, respectively. However, debt coverage by operating cash flow is inadequate. Recent financial results show improved profitability with a net income of US$36.72 million for Q2 2024 compared to a loss previously.
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 CA$3.14 billion.
Operations: The company's revenue is derived from its Easyhome segment, contributing CA$154.10 million, and its Easyfinancial segment, generating CA$1.24 billion.
Insider Ownership: 21.2%
goeasy Ltd. has seen substantial earnings growth of 45.1% over the past year, with forecasts predicting a 17.09% annual increase in earnings and revenue growth exceeding 31%. Despite trading below fair value estimates, insider activity shows more selling than buying recently. The company's debt is not well covered by operating cash flow, and its dividend is not fully supported by free cash flows. Recent board appointments aim to enhance strategic direction amid ongoing financial developments.
Overview: Artemis Gold Inc. is a gold development company that specializes in identifying, acquiring, and developing gold properties, with a market cap of CA$3.22 billion.
Operations: Artemis Gold Inc. does not currently report distinct revenue segments, as it primarily focuses on the development of gold properties.
Insider Ownership: 29.9%
Artemis Gold is poised for significant growth with its Blackwater Mine nearing completion, targeting first gold pour by late Q4 2024. Despite past shareholder dilution and recent wildfire-related delays, the company remains fully funded. Analysts forecast revenue growth of 45.9% annually, outpacing the Canadian market. Trading at a substantial discount to estimated fair value, Artemis' profitability is expected within three years as construction progresses and operational milestones are achieved.
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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 TSX:CIGI TSX:GSY and TSXV:ARTG.
