3 ASX Growth Companies With High Insider Ownership To Watch
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Over the last 7 days, the Australian market has remained flat, though it is up 7.8% over the past year with earnings forecast to grow by 13% annually. In this environment, growth companies with high insider ownership can be particularly attractive as they often signal confidence from those closest to the business.
Top 10 Growth Companies With High Insider Ownership In Australia
| Name | Insider Ownership | Earnings Growth |
| Cettire (ASX:CTT) | 28.7% | 26.7% |
| Clinuvel Pharmaceuticals (ASX:CUV) | 13.6% | 26.8% |
| Acrux (ASX:ACR) | 14.6% | 115.3% |
| Liontown Resources (ASX:LTR) | 16.4% | 51.6% |
| Catalyst Metals (ASX:CYL) | 17% | 75.7% |
| Biome Australia (ASX:BIO) | 34.5% | 114.4% |
| Hillgrove Resources (ASX:HGO) | 10.4% | 49.4% |
| Ora Banda Mining (ASX:OBM) | 10.2% | 106.8% |
| Plenti Group (ASX:PLT) | 12.8% | 106.4% |
| Change Financial (ASX:CCA) | 26.6% | 77.9% |
Here's a peek at a few of the choices from the screener.
Cedar Woods Properties
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Cedar Woods Properties Limited is an Australian company involved in property investment and development, with a market cap of A$402.20 million.
Operations: Cedar Woods Properties generates revenue primarily from property development and investment, amounting to A$362.23 million.
Insider Ownership: 13.5%
Cedar Woods Properties showcases high insider ownership with recent minor insider buying. The company is positioned for significant earnings growth, forecast at 20% per year, outpacing the Australian market's 13.2%. However, its debt coverage by operating cash flow is weak and profit margins have declined from 10.4% to 7%. Despite these concerns, Cedar Woods remains attractively valued with a price-to-earnings ratio of 16x compared to the market's 19.1x.
Develop Global
Simply Wall St Growth Rating: ★★★★★☆
Overview: Develop Global Limited (ASX:DVP) is an Australian company involved in the exploration and development of mineral resource properties, with a market cap of A$541.91 million.
Operations: Develop Global's revenue primarily comes from its mining services segment, which generated A$109.75 million.
Insider Ownership: 22.6%
Develop Global is forecast to achieve profitability within three years, with revenue growth projected at 57.5% per year, significantly outpacing the Australian market's 4.9%. Despite past shareholder dilution and a limited cash runway of less than one year, earnings are expected to grow by 121.88% annually. However, the company's return on equity is forecasted to be relatively low at 13.5%, and there has been no substantial insider trading activity in the past three months.