The Canadian market has been flat in the last week but is up 13% over the past year, with earnings forecast to grow by 15% annually. In this environment, growth companies with high insider ownership can be particularly appealing as they often signify strong internal confidence and potential for substantial returns.

Top 10 Growth Companies With High Insider Ownership In Canada

Name Insider Ownership Earnings Growth Vox Royalty (TSX:VOXR) 12.6% 70.7% Allied Gold (TSX:AAUC) 22.5% 73.6% Almonty Industries (TSX:AII) 17.7% 117.6% goeasy (TSX:GSY) 21.3% 17.1% Alvopetro Energy (TSXV:ALV) 19.4% 72.4% Propel Holdings (TSX:PRL) 40% 37.2% Payfare (TSX:PAY) 14.7% 24.7% Medicenna Therapeutics (TSX:MDNA) 15.4% 57.2% Alpha Cognition (CNSX:ACOG) 17.9% 69.5% ROK Resources (TSXV:ROK) 16.6% 161.8%

Click here to see the full list of 37 stocks from our Fast Growing TSX Companies With High Insider Ownership screener.

Underneath we present a selection of stocks filtered out by our screen.

Curaleaf Holdings

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Curaleaf Holdings, Inc. is a cannabis operator in the United States with a market cap of CA$2.98 billion.

Operations: Curaleaf generates revenue primarily from the cultivation, production, distribution, and sale of cannabis, amounting to $1.36 billion.

Insider Ownership: 19.9%

Earnings Growth Forecast: 78.2% p.a.

Curaleaf Holdings, a growth company with high insider ownership, is expected to see revenue growth of 13% annually, outpacing the Canadian market's 6.9%. Despite recent shareholder dilution and a forecasted low return on equity (18.2%), Curaleaf is projected to become profitable within three years. Recent expansions include new dispensaries in Florida and Ohio, enhancing its retail footprint to 150 locations nationwide. The appointment of Boris Jordan as CEO underscores strong leadership continuity and strategic direction.

Navigate through the intricacies of Curaleaf Holdings with our comprehensive analyst estimates report here. Our valuation report unveils the possibility Curaleaf Holdings' shares may be trading at a discount. TSX:CURA Earnings and Revenue Growth as at Sep 2024

Stingray Group

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Stingray Group Inc. is a global music, media, and technology company with a market cap of CA$521.45 million.

Operations: Stingray Group Inc. generates revenue from two primary segments: CA$154.41 million from Radio and CA$201.10 million from Broadcasting and Commercial Music.

Insider Ownership: 25.6%

Earnings Growth Forecast: 69.2% p.a.

Stingray Group, with substantial insider ownership and recent insider buying, is forecast to achieve above-average market profit growth over the next three years. Despite high debt levels and a dividend not well-covered by earnings, analysts expect the stock price to rise by 39.4%. Recent expansions include launching several FAST channels on The Roku Channel and new music apps via Samsung VXT. The election of Eric Boyko as director further strengthens leadership continuity.



Click here to discover the nuances of Stingray Group with our detailed analytical future growth report. Insights from our recent valuation report point to the potential undervaluation of Stingray Group shares in the market. TSX:RAY.A Ownership Breakdown as at Sep 2024

Savaria

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Savaria Corporation offers accessibility solutions for the elderly and physically challenged individuals across Canada, the United States, Europe, and internationally, with a market cap of CA$1.43 billion.

Operations: The company's revenue segments include Patient Care at CA$183.98 million and Segment Adjustment at CA$673.74 million.

Insider Ownership: 19.6%

Earnings Growth Forecast: 21.5% p.a.

Savaria Corporation, with significant insider ownership, has shown strong earnings growth of 22.8% over the past year and is forecast to grow profits by 21.48% annually, outpacing the Canadian market's expected growth. The stock trades at a substantial discount to its estimated fair value. Despite some shareholder dilution and large one-off items impacting results, insiders have been net buyers recently. Recent earnings reports show increased sales and net income compared to last year.

Click to explore a detailed breakdown of our findings in Savaria's earnings growth report. Our comprehensive valuation report raises the possibility that Savaria is priced lower than what may be justified by its financials. TSX:SIS Earnings and Revenue Growth as at Sep 2024

Key Takeaways

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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:CURA TSX:RAY.A and TSX:SIS.

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