High growth companies such as Paringa Resources and ImpediMed has a positive future outlook in terms of their returns, profitability and cash flows. The prospects of these companies tend to outperform others, regardless of how the stock market is generally doing. 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.
Paringa Resources Limited (ASX:PNL)
Paringa Resources Limited, together with its subsidiaries, engages in the exploration and development of resource projects. The company was established in 2012 and with the market cap of AUD A$114.09M, it falls under the small-cap category.
Should you add PNL to your portfolio? Other fundamental factors you should also consider can be found here.
ImpediMed Limited (ASX:IPD)
ImpediMed Limited, together with its subsidiaries, engages in the development, manufacture, and sale of bioimpedance devices and consumables in Australia, North America, Europe, and internationally. Started in 1999, and currently headed by CEO Richard Carreon, the company employs 76 people and with the market cap of AUD A$344.03M, it falls under the small-cap stocks category.
IPD is expected to deliver an extremely high earnings growth over the next couple of years of 63.69%, bolstered by a significant revenue which is expected to more than double. It appears that IPD’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 high double-digit return on equity of 36.58%. IPD’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 IPD? Check out its fundamental factors here.
Avanco Resources Limited (ASX:AVB)
Avanco Resources Limited engages in the exploration and development of mineral properties in Brazil. The company provides employment to 58 people and has a market cap of AUD A$213.75M, putting it in the small-cap group.
AVB is expected to deliver a triple-digit high earnings growth over the next couple of years, driven by a positive double-digit revenue growth of 43.07% and cost-cutting initiatives. An affirming signal is when net income increase also comes with top-line growth. Even though some cost-reduction initiatives may have also pushed up margins, in the case of AVB, it does not appear extreme. We see this bottom-line expansion directly benefiting shareholders, with expected return on equity coming in at a notable 21.42%. AVB’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. Could this stock be your next pick? Have a browse through its key fundamentals here.