Top Swedish Growth Companies With High Insider Ownership September 2024
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As global markets react to the U.S. Federal Reserve's recent rate cut, Swedish investors are closely watching how these changes might impact local growth companies. In this environment, stocks with high insider ownership often stand out as they can indicate strong confidence from those closest to the company. In this article, we explore three top Swedish growth companies with significant insider ownership that have caught our attention in September 2024.
Top 10 Growth Companies With High Insider Ownership In Sweden
| Name | Insider Ownership | Earnings Growth |
| CTT Systems (OM:CTT) | 16.9% | 24.8% |
| Truecaller (OM:TRUE B) | 29.6% | 21.6% |
| Biovica International (OM:BIOVIC B) | 17.6% | 78.5% |
| Magle Chemoswed Holding (OM:MAGLE) | 14.9% | 72.2% |
| BioArctic (OM:BIOA B) | 34% | 98.4% |
| Yubico (OM:YUBICO) | 37.5% | 42.3% |
| KebNi (OM:KEBNI B) | 37.8% | 86.1% |
| InCoax Networks (OM:INCOAX) | 19.5% | 115.5% |
| C-Rad (OM:CRAD B) | 16.1% | 33.9% |
| OrganoClick (OM:ORGC) | 23.1% | 109.0% |
We'll examine a selection from our screener results.
MilDef Group
Simply Wall St Growth Rating: ★★★★☆☆
Overview: MilDef Group AB (publ) develops, manufactures, and sells rugged IT solutions and special electronics primarily for the security and defense sectors, with a market cap of SEK3.34 billion.
Operations: The company's revenue from computer hardware is SEK1.11 billion.
Insider Ownership: 23%
Revenue Growth Forecast: 16.8% p.a.
MilDef Group has shown consistent growth with recent orders from Danish, Norwegian, and European defense organizations totaling SEK 252.5 million. Despite a dip in profit margins to 3.9% from 6.2%, the company is trading at a significant discount to its estimated fair value and forecasts robust earnings growth of 47.42% annually over the next three years, outpacing both revenue and market expectations in Sweden.
Truecaller
Simply Wall St Growth Rating: ★★★★★★
Overview: Truecaller AB (publ) develops and publishes mobile caller ID applications for individuals and businesses across India, the Middle East, Africa, and internationally, with a market cap of SEK12.96 billion.
Operations: The company's revenue from communications software amounts to SEK1.72 billion.
Insider Ownership: 29.6%
Revenue Growth Forecast: 20.3% p.a.
Truecaller, a growth company with high insider ownership, is forecast to see earnings grow 21.61% annually over the next three years, outpacing the Swedish market. Despite recent declines in Q2 sales (SEK 457.87 million) and net income (SEK 123.01 million), it trades at a significant discount to its fair value and has launched Truecaller Fraud Insurance in India, enhancing user protection against online fraud with HDFC ERGO partnership.