The Canadian market has shown robust performance, rising by 1.6% over the past week and 25% over the last year, with earnings projected to grow annually by 16%. In this thriving environment, identifying growth companies with substantial insider ownership can provide insights into stocks where those closest to the business have confidence 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 approximately CA$10.38 billion.
Operations: The company generates revenue from several segments, including the Americas ($2.59 billion), Asia Pacific ($614.55 million), Investment Management ($496.42 million), and Europe, Middle East & Africa (EMEA) ($734.93 million).
Insider Ownership: 14.1%
Revenue Growth Forecast: 11% p.a.
Colliers International Group's earnings are forecast to grow significantly at 20.8% annually, outpacing the Canadian market average of 14.7%. Revenue is also expected to increase by 11% per year, surpassing the national market rate of 7.1%. Despite recent shareholder dilution and significant insider selling over the past quarter, insiders have bought more shares than sold in the last three months. Recent earnings show a substantial turnaround from losses to profits year-over-year.
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$3.18 billion.
Operations: The company's revenue segments include CA$154.10 million from Easyhome and CA$1.24 billion from Easyfinancial.
Insider Ownership: 21.2%
Revenue Growth Forecast: 31.6% p.a.
goeasy's revenue is forecast to grow significantly at 31.6% annually, well above the Canadian market average of 7.1%. Earnings are expected to increase by 17.1% per year, surpassing the national rate of 15.6%. The company trades at a good value compared to peers, though its debt coverage by operating cash flow is weak. Recent board appointment of Radhika Kakkar may enhance strategic operations, but insider activity shows significant selling over the past quarter despite some buying in recent months.
Overview: Artemis Gold Inc. is a gold development company that specializes in identifying, acquiring, and developing gold properties, with a market cap of CA$3.14 billion.
Operations: Artemis Gold Inc. does not currently report revenue segments, as it is focused on the development of gold properties.
Insider Ownership: 29.9%
Revenue Growth Forecast: 45.9% p.a.
Artemis Gold's insider ownership aligns with its growth prospects, as the company is trading significantly below estimated fair value. The Blackwater Mine project is over 95% complete and fully funded, with first gold pour targeted for late Q4 2024. Despite past wildfire disruptions, construction progresses well. Revenue is expected to grow rapidly at 45.9% annually, outpacing the Canadian market average of 7.1%. However, recent shareholder dilution may concern potential investors.
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.
