Temple & Webster Group is one of many stocks the market is bullish on. Its expected double-digit top-line and bottom-line growth exceeds its peers, and its financially stable position lessens the chances of risk. 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.
Temple & Webster Group Limited (ASX:TPW)
Temple & Webster Group Limited engages in the online retail of furniture, homewares, and other lifestyle products in Australia. Established in 2011, and run by CEO Mark Coulter, the company now has 100 employees and with the stock’s market cap sitting at AUD A$43.39M, it comes under the small-cap group.
TPW is expected to deliver an extremely high earnings growth over the next couple of years of 83.26%, driven by a positive double-digit revenue growth of 26.24% 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 TPW, it does not appear extreme. We see this bottom-line expansion directly benefiting shareholders, with expected return on equity coming in at a notable 28.96%. TPW ticks the boxes for robust growth generation on all levels of line items, which makes it an appealing stock to dig into deeper. Considering TPW as a potential investment? Check out its fundamental factors here.
Envirosuite Limited (ASX:EVS)
Envirosuite Limited develops and sells a technology platform. Envirosuite was started in 2006 and with the company’s market cap sitting at AUD A$17.32M, it falls under the small-cap category.
EVS is expected to deliver an extremely high earnings growth over the next couple of years of 64.79%, bolstered by a significant revenue which is expected to more than double. It appears that EVS’s profitability may be sustainable as the fundamental push is top-line expansion rather than unmaintainable cost-cutting activities. We see this bottom-line expansion directly benefiting shareholders, with expected positive return on equity of 9.90%. EVS’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. Want to know more about EVS? Have a browse through its key fundamentals here.
Corporate Travel Management Limited (ASX:CTD)
Corporate Travel Management Limited, a travel management solutions company, manages the purchase and delivery of travel services for the corporate market worldwide. Started in 1994, and headed by CEO Jamie Pherous, the company employs 2,200 people and has a market cap of AUD A$2.24B, putting it in the mid-cap category.