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Want to add more growth to your portfolio but not sure where to look? Companies such as WorleyParsons and Mitula Group are deemed high-growth by the market, with a positive outlook in all areas – returns, profitability and cash flows. Whether it be a well-known tech stock or a risky small-cap, I believe diversification towards growth can add value to your current holdings. Below I’ve compiled a list of stocks with a bright future ahead.
WorleyParsons Limited (ASX:WOR)
WorleyParsons Limited provides professional services to the resources and energy sectors in Australia and internationally. Established in 1971, and currently headed by CEO Andrew Wood, the company currently employs 22,800 people and with the company’s market cap sitting at AUD A$4.17B, it falls under the mid-cap group.
WOR’s projected future profit growth is a robust 39.85%, with an underlying 11.51% 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. We see this bottom-line expansion directly benefiting shareholders, with expected positive return on equity of 9.31%. WOR’s impressive outlook on all aspects makes it a worthy company to spend more time to understand. Could this stock be your next pick? Check out its fundamental factors here.
Mitula Group Limited (ASX:MUA)
Mitula Group Limited, together with its subsidiaries, owns, operates, and manages vertical search Websites. Started in 2006, and now run by Gonzalo Sánchez del Pozo, the company size now stands at 74 people and with the company’s market capitalisation at AUD A$86.16M, we can put it in the small-cap stocks category.
MUA’s projected future profit growth is a robust 38.27%, with an underlying 53.54% 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. MUA’s impressive outlook on all aspects makes it a worthy company to spend more time to understand. Could this stock be your next pick? Have a browse through its key fundamentals here.
Senetas Corporation Limited (ASX:SEN)
Senetas Corporation Limited provides network data security solutions worldwide. Formed in 1999, and headed by CEO Andrew Wilson, the company size now stands at 29 people and with the market cap of AUD A$135.16M, it falls under the small-cap stocks category.