High Growth Stocks To Invest In
Companies such as Syrah Resources and Medical Developments International have a significantly positive future outlook on the basis of their profitability and returns. Investors seeking to enhance their portfolio should consider these financially stable, high-growth stocks. Below I’ve put together a list of great potential investments for you to consider adding to your portfolio if growth is a dimension you would like to firm up.
Syrah Resources Limited (ASX:SYR)
Syrah Resources Limited, together with its subsidiaries, engages in the exploration, evaluation, and development of mineral properties in Mozambique. The company provides employment to 374 people and with the stock’s market cap sitting at AUD A$1.40B, it comes under the small-cap category.
SYR’s projected future profit growth is a robust 49.53%, with an equally impressive underlying growth from its revenues expected over the upcoming years. It appears that SYR’s profitability may be sustainable as the fundamental push is top-line expansion rather than unmaintainable cost-cutting activities. This prospective profitability should trickle down to shareholders, with analysts expecting the company to generate a positive return on equity of 15.30%. SYR’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. Interested to learn more about SYR? Other fundamental factors you should also consider can be found here.
Medical Developments International Limited (ASX:MVP)
Medical Developments International Limited manufactures and distributes pharmaceutical drugs, and medical and veterinary equipment. The company size now stands at 53 people and with the company’s market cap sitting at AUD A$415.45M, it falls under the small-cap group.
MVP’s projected future profit growth is an exceptional 59.07%, with an underlying 89.68% growth from its revenues expected over the upcoming years. An affirming signal is when net income increase is supported by top-line growth. Since net income isn’t artificially inflated by one-off initiatives such as cost-cutting, we know this profit growth is more likely to be sustainable. This prospective profitability should trickle down to shareholders, with analysts expecting the company to generate a high double-digit return on equity of 40.96%. MVP ticks the boxes for high-growth generation on all levels of line items, which makes it an appealing stock to dig into deeper. Should you add MVP to your portfolio? Check out its fundamental factors here.
Over the Wire Holdings Limited (ASX:OTW)
Over the Wire Holdings Limited provides telecommunications, cloud, and IT solutions for corporate clients in Australia and New Zealand. Started in 2005, and now led by CEO Michael Omeros, the company provides employment to 50 people and with the company’s market capitalisation at AUD A$126.47M, we can put it in the small-cap group.
OTW’s forecasted bottom line growth is an optimistic double-digit 26.02%, driven by the underlying 83.09% sales growth over the next few years. An affirming signal is when net income increase is supported by top-line growth. Since net income isn’t artificially inflated by one-off initiatives such as cost-cutting, we know this profit growth is more likely to be sustainable. This prospective profitability should trickle down to shareholders, with analysts expecting the company to generate a high double-digit return on equity of 27.11%. OTW ticks the boxes for high-growth generation on all levels of line items, which makes it an appealing stock to dig into deeper. Could this stock be your next pick? Have a browse through its key fundamentals 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.
