Why invest in a stock whose growth outlook that lags behind the market? Investors looking for companies with extraordinary future prospects in terms of profitability and returns should look at the following high-growth stocks. 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.
Orocobre Limited (ASX:ORE)
Orocobre Limited explores for and develops lithium and potash deposits in Argentina. Orocobre is run by CEO Richard Seville. With a current market cap of AUD A$1.49B, we can put ORE in the small-cap group
ORE’s projected future profit growth is an exceptional triple-digit, with an underlying 32.44% growth from its revenues expected over the upcoming years. Though some cost-cutting activities may artificially inflate margins, it appears that this isn’t solely the case here, as profit growth is also coupled with high top-line expansion. We see this bottom-line expansion directly benefiting shareholders, with expected positive return on equity of 16.73%. ORE ticks the boxes for robust growth generation on all levels of line items, which makes it an appealing stock to dig into deeper. Considering ORE as a potential investment? Other fundamental factors you should also consider can be found here.
Mitula Group Limited (ASX:MUA)
Mitula Group Limited, together with its subsidiaries, owns, operates, and manages vertical search Websites. Founded in 2006, and currently headed by CEO Gonzalo Sánchez del Pozo, the company provides employment to 74 people and with the company’s market capitalisation at AUD A$118.47M, we can put it in the small-cap group.
MUA is expected to deliver a triple-digit high earnings growth over the next couple of years, bolstered by an equally impressive revenue growth of 53.54%. 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 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 MUA? Have a browse through its key fundamentals here.
Department 13 International Limited (ASX:D13)
Department 13 International Limited develops and sells software and communication systems in the networking and communication fields. Department 13 International was established in 2010 and has a market cap of AUD A$38.23M, putting it in the small-cap stocks category.