3 ASX Growth Companies With High Insider Ownership

The Australian market has recently seen a mix of gains and losses, with the ASX200 closing up 0.58% at 8,091.9 points amid a flurry of earnings reports and mixed economic data. As analysts digest the implications for interest rates following flat retail sales data from July, it becomes crucial to identify growth companies with strong fundamentals. In this environment, stocks with high insider ownership often stand out as they indicate confidence from those who know the company best. Here are three ASX-listed growth companies where insiders have significant skin in the game.

Top 10 Growth Companies With High Insider Ownership In Australia

Name	Insider Ownership	Earnings Growth
Hartshead Resources (ASX:HHR)	13.9%	102.6%
Clinuvel Pharmaceuticals (ASX:CUV)	13.6%	27.4%
Catalyst Metals (ASX:CYL)	17.5%	69.2%
AVA Risk Group (ASX:AVA)	15.6%	118.8%
Acrux (ASX:ACR)	14.6%	129.6%
Liontown Resources (ASX:LTR)	16.4%	69.7%
Hillgrove Resources (ASX:HGO)	10.4%	69.2%
Adveritas (ASX:AV1)	21.1%	144.2%
Plenti Group (ASX:PLT)	12.8%	106.4%
Pioneer Credit (ASX:PNC)	12.7%	63.1%

Click here to see the full list of 91 stocks from our Fast Growing ASX Companies With High Insider Ownership screener.

We'll examine a selection from our screener results.

Alpha HPA (ASX:A4N)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Alpha HPA Limited, with a market cap of A$987.09 million, operates as a specialty metals and technology company.

Operations: The company generates revenue primarily from its HPA First Project, which amounted to A$0.04 million.

Insider Ownership: 17.3%

Alpha HPA, with significant insider ownership, reported a net loss of A$24.98 million for the year ending June 30, 2024, despite increasing sales to A$0.04 million. The company completed a follow-on equity offering raising A$5.32 million in June 2024. Analysts forecast Alpha HPA to become profitable within three years and expect its revenue to grow at an impressive rate of nearly 97% per year, outpacing the broader Australian market growth rate significantly.

• Delve into the full analysis future growth report here for a deeper understanding of Alpha HPA.
• Insights from our recent valuation report point to the potential overvaluation of Alpha HPA shares in the market.

Flight Centre Travel Group (ASX:FLT)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Flight Centre Travel Group Limited (ASX:FLT) is a global travel retailing company serving both leisure and corporate sectors across various regions including Australia, New Zealand, the Americas, Europe, the Middle East, Africa, Asia and beyond with a market cap of A$4.61 billion.

Operations: Flight Centre Travel Group Limited generates revenue from its leisure travel segment (A$1.35 billion) and corporate travel services (A$1.11 billion).

Insider Ownership: 13.5%

Flight Centre Travel Group, with substantial insider ownership, reported strong financial performance for the year ending June 30, 2024. Sales increased to A$2.71 billion from A$2.28 billion, and net income rose significantly to A$139 million from A$47 million. The company is actively seeking acquisitions to double its Cruise & Touring sales and leveraging existing brands for growth. Earnings are forecasted to grow at 19.5% annually, outpacing the Australian market's average growth rate of 12.3%.

• Click here to discover the nuances of Flight Centre Travel Group with our detailed analytical future growth report.
• Our valuation report here indicates Flight Centre Travel Group may be overvalued.

Nanosonics (ASX:NAN)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Nanosonics Limited, with a market cap of A$978.68 million, operates as an infection prevention company globally.

Operations: Nanosonics generates revenue primarily from its Healthcare Equipment segment, amounting to A$170.01 million.

Insider Ownership: 15.1%

Nanosonics, a growth company with high insider ownership, reported A$170.01 million in sales for the fiscal year ending June 30, 2024, up from A$165.99 million the previous year. Despite this revenue increase, net income fell to A$12.97 million from A$19.88 million. Earnings are forecasted to grow at 23% annually, significantly outpacing the Australian market's average of 12.3%. However, substantial insider selling occurred over the past three months and profit margins have declined from last year’s figures.

• Take a closer look at Nanosonics' potential here in our earnings growth report.
• Our expertly prepared valuation report Nanosonics implies its share price may be too high.

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Looking For Alternative Opportunities?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
• Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence.
• Find companies with promising cash flow potential yet trading below their fair value.

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.

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