Best Growth Stocks To Buy
There are many different reasons why people invest. Some investors look for steady and reliable income from dividends to supplement their current salary, whereas others make riskier bets on future growth and highly volatile stocks in the hopes for meaningful capital gains. Today I’ve compiled a group of stocks that meet or exceed expectations in two or more areas, causing them to be appealing investments .
Beach Energy Limited (ASX:BPT)
Beach Energy Limited explores, develops, produces, and sells oil, gas, and gas liquids. Formed in 1961, and now run by Matthew Kay, the company size now stands at 131 people and has a market cap of AUD A$2.77B, putting it in the mid-cap group.
BPT has ample cash coverage over its short term liabilities, and its debt is adequately covered by its operating cash, portraying its strong financial capacity. In addition, BPT’s share price is below its intrinsic value based on its discounted cash flows, as well as its relative price-to-equity valuation, which gives investors an opportunity to accumulate the stock at a low price. More detail on Beach Energy here.
Westoz Investment Company Limited (ASX:WIC)
Westoz Investment Company Limited is an equity fund launched and managed by Westoz Funds Management Pty Ltd. The company was established in 2005 and with the company’s market cap sitting at AUD A$147.68M, it falls under the small-cap group.
WIC has ample cash coverage over its short term liabilities, and the company has zero debt on its balance sheet, which indicates its strong financial position. Last but not least, WIC’s shares are now trading at a price below its true value based on its discounted cash flows, as well as its relative price-to-equity valuation, which gives investors an opportunity to accumulate the stock at a low price. More detail on Westoz Investment here.
Integrated Research Limited (ASX:IRI)
Integrated Research Limited designs, develops, implements, and sells systems and applications management computer software for business-critical computing, unified communication networks, and payment networks in the Americas, Europe, and the Asia Pacific. Started in 1988, and currently lead by John Merakovsky, the company size now stands at 224 people and with the market cap of AUD A$638.65M, it falls under the small-cap group.
IRI’s proven ability to generate high returns in the past of 41.35%, exceeding its software peers’ growth of 15.92% offer investors comfort in its demonstrated capacity to grow its profitability. Furthermore, IRI has ample cash coverage over its short term liabilities, and the business has no debt on its books, which indicates its strong financial position. Interested in Integrated Research? Find out more here.
For more fundamentally-robust companies with industry-beating characteristics to enhance your portfolio, use our free platform to explore our interactive list of big green snowflake 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.
