TSX Growth Companies With High Insider Ownership And At Least 23% Earnings Growth

In recent times, the Canadian market has shown resilience, navigating through fluctuating economic trends and shifting investor sentiments. As investors seek stability and growth amidst these conditions, companies with high insider ownership and significant earnings growth are drawing attention for their potential to align closely with long-term financial goals.

Top 10 Growth Companies With High Insider Ownership In Canada

Click here to see the full list of 33 stocks from our Fast Growing TSX Companies With High Insider Ownership screener.

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

Green Thumb Industries

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Green Thumb Industries Inc. operates in the United States, focusing on the manufacturing, distribution, marketing, and sale of cannabis products for both medical and adult use, with a market capitalization of approximately CA$4.21 billion.

Operations: The company generates its revenue primarily through the manufacturing, distribution, marketing, and sale of cannabis products tailored for both medical and recreational purposes in the U.S.

Insider Ownership: 10.9%

Earnings Growth Forecast: 24% p.a.

Green Thumb Industries, a growth-oriented company with high insider ownership in Canada, is trading at 34.8% below its estimated fair value. Earnings are expected to surge by 23.98% annually over the next three years, outpacing the Canadian market projection of 13.3%. However, its Return on Equity is forecasted to remain low at 7.5%. Recently, Green Thumb reported a significant increase in Q1 earnings for 2024 with net income rising to US$31.08 million from US$9.14 million year-over-year and announced the opening of their 93rd RISE Dispensary location in Florida, reflecting ongoing business expansions and community engagements.

• Get an in-depth perspective on Green Thumb Industries' performance by reading our analyst estimates report here.

• Insights from our recent valuation report point to the potential overvaluation of Green Thumb Industries shares in the market.

Colliers International Group

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Colliers International Group Inc. is a global commercial real estate services and investment management company, serving corporate and institutional clients across the Americas, Europe, the Middle East, Africa, and Asia Pacific, with a market capitalization of approximately CA$7.75 billion.

Operations: The company generates its revenue primarily from the Americas at CA$2.53 billion, followed by Europe, the Middle East & Africa (EMEA) at CA$730.10 million, Asia Pacific at CA$616.58 million, and Investment Management services contributing CA$489.23 million.

Insider Ownership: 14.2%

Earnings Growth Forecast: 36% p.a.

Colliers International Group, a Canadian company with significant insider ownership, has shown robust growth with a recent turnaround in profitability, reporting a net income of US$12.66 million for Q1 2024 after a loss the previous year. The firm's earnings are expected to grow by 36% annually, outperforming the Canadian market forecast of 13.3%. Despite this positive outlook, revenue growth projections remain modest at 7.2% annually. Recent strategic moves include a US$300 million equity offering aimed at funding acquisitions and reducing debt, positioning Colliers for potential future expansions.

• Click here to discover the nuances of Colliers International Group with our detailed analytical future growth report.

• The analysis detailed in our Colliers International Group valuation report hints at an deflated share price compared to its estimated value.

Ivanhoe Mines

Simply Wall St Growth Rating: ★★★★★☆

Overview: Ivanhoe Mines Ltd. is a company focused on the mining, development, and exploration of minerals and precious metals primarily in Africa, with a market capitalization of approximately CA$25.04 billion.

Operations: The company primarily generates revenue through the mining, development, and exploration of minerals and precious metals in Africa.

Insider Ownership: 13.1%

Earnings Growth Forecast: 37.2% p.a.

Ivanhoe Mines, actively pursuing mergers and acquisitions, positions itself as a potential acquirer rather than a target. Despite a recent net loss of US$65.55 million in Q1 2024, the company maintains strong growth prospects with revenue and earnings forecasted to outpace the Canadian market significantly. Insider activities show more buying than selling over the past three months, reflecting confidence from those closest to the company's operations. This aligns with Ivanhoe's strategic expansions in copper production at its Kamoa-Kakula project.

• Navigate through the intricacies of Ivanhoe Mines with our comprehensive analyst estimates report here.

• Upon reviewing our latest valuation report, Ivanhoe Mines' share price might be too optimistic.

Seize The Opportunity

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Ready For A Different Approach?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.

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• 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.

Companies discussed in this article include CNSX:GTII TSX:CIGI and TSX:IVN.

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