Best Growth Stocks To Buy
Looking to add potential meaningful upside to your portfolio, but unsure where to start? Stocks such as MNF Group and Mesoblast are considered to be high growth in terms of how much they’re expected to earn and return to shareholders, according to the market. If your holdings could benefit from diversification towards growth stocks, whether it be in reputable tech stocks or green small-caps, take a look at my list of stocks with a bright future ahead.
MNF Group Limited (ASX:MNF)
MNF Group Limited provides voice, data, and cloud based communication and communication enablement services to residential, business, government, and wholesale customers in Australia and internationally. MNF Group was started in 2004 and with the company’s market cap sitting at AUD A$467.12M, it falls under the small-cap group.
MNF is expected to deliver an extremely high earnings growth over the next couple of years of 17.54%, driven by a positive double-digit revenue growth of 21.08% and cost-cutting initiatives. Profit growth, coupled with top-line expansion, is a positive indication. This is because net income isn’t artificially inflated by unsustainable activities such as one-off cost-reductions expected in the future. This prospective profitability should trickle down to shareholders, with analysts expecting the company to generate a high double-digit return on equity of 25.13%. MNF’s impressive outlook on all aspects makes it a worthy company to spend more time to understand. Want to know more about MNF? Have a browse through its key fundamentals here.
Mesoblast Limited (ASX:MSB)
Mesoblast Limited develops cell-based medicines. Established in 2004, and currently headed by CEO Silviu Itescu, the company employs 75 people and with the stock’s market cap sitting at AUD A$667.96M, it comes under the small-cap group.
Extreme optimism for MSB, as market analysts projected an outstanding earnings growth rate of 65.37% for the stock, supported by an equally strong sales. Profit growth, coupled with top-line expansion, is a positive indication. This is because net income isn’t artificially inflated by unsustainable activities such as one-off cost-reductions expected in the future. Moreover, the 49.14% growth in operating cash flows shows that a decent part of earnings is driven by robust cash generation from operational activities, not one-off or non-core activities. MSB’s bullish prospects on both the top and bottom lines make it an interesting stock to invest more time to understand how it can add value to your portfolio. A potential addition to your portfolio? I recommend researching its fundamentals here.
Millennium Minerals Limited (ASX:MOY)
Millennium Minerals Limited explores for, develops, mines, and processes gold properties in Australia. Millennium Minerals is headed by CEO Peter Cash. With a current market cap of AUD A$149.63M, we can put MOY in the small-cap group
Interested to learn more about MOY? Other fundamental factors you should also consider can be found here.
For more financially robust companies with high growth potential to enhance your portfolio, use our free platform to explore our interactive list of these stocks.
To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned.
