The UK market has recently faced headwinds, with the FTSE 100 and FTSE 250 indices both closing lower amid weak trade data from China, highlighting ongoing global economic challenges. In such uncertain times, identifying growth companies with high insider ownership can be crucial as it often indicates strong confidence from those closest to the business.
Top 10 Growth Companies With High Insider Ownership In The United Kingdom
Overview: Henry Boot PLC is involved in property investment and development, land promotion, and construction activities in the United Kingdom with a market cap of ￡301.99 million.
Operations: The company's revenue segments include ￡87.90 million from construction, ￡28.37 million from land promotion, and ￡170.56 million from property investment and development in the United Kingdom.
Insider Ownership: 31.2%
Earnings Growth Forecast: 25.5% p.a.
Henry Boot, a growth company with high insider ownership in the UK, has forecasted revenue growth of 10.7% per year, outpacing the UK market's 3.7%. Earnings are expected to grow significantly at 25.5% annually over the next three years. Despite trading below fair value by 22.2%, recent financials showed a decline in sales and net income for H1 2024 compared to last year. The company continues its progressive dividend policy and is expanding its industrial and logistics units at Airport Business Park Southend.
Overview: Evoke plc, with a market cap of ￡293.29 million, offers online betting and gaming products and solutions across the United Kingdom, Ireland, Italy, Spain, and internationally.
Operations: The company's revenue segments include ￡514 million from Retail, ￡661.20 million from UK&I Online, and ￡516.10 million from International operations.
Insider Ownership: 20.5%
Earnings Growth Forecast: 104.9% p.a.
Evoke has seen substantial insider buying over the past three months, indicating strong internal confidence. Despite reporting a net loss of ￡143.2 million for H1 2024 and a decline in sales to ￡862 million, the company is forecasted to grow earnings by 104.91% annually and expects significant profitability improvements in H2 2024. Trading at 87.8% below estimated fair value, Evoke's revenue growth is projected to outpace the UK market, supported by successful product launches and effective promotions.
Overview: Hochschild Mining plc is a precious metals company involved in the exploration, mining, processing, and sale of gold and silver deposits across Peru, Argentina, the United States, Canada, Brazil, and Chile with a market cap of ￡1.02 billion.
Operations: Hochschild Mining's revenue segments include $266.70 million from San Jose and $451.91 million from Inmaculada, with a segment adjustment of $79.60 million.
Insider Ownership: 38.4%
Earnings Growth Forecast: 44.6% p.a.
Hochschild Mining has become profitable this year, reporting H1 2024 net income of US$39.52 million compared to a net loss last year. Despite high debt levels, the company is trading at 43.9% below its estimated fair value and expects significant annual earnings growth of 44.6%, outpacing the UK market's forecasted growth rate. Revenue is also projected to grow faster than the market average, driven by increased gold and silver production and strong financial performance in recent quarters.
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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 LSE:BOOT LSE:EVOK and LSE:HOC.
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