Altium 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 a buoyant growth prospect is what you’re after in your next investment, I’ve put together a list of high-growth stocks you may be interested in, based on the latest financial data from each company.
Altium Limited (ASX:ALU)
Altium Limited develops and sells computer software for the design of electronic products in the United States and internationally. Founded in 1985, and now run by Aram Mirkazemi, the company now has 410 employees and with the company’s market cap sitting at AUD A$2.77B, it falls under the mid-cap category.
ALU’s forecasted bottom line growth is an optimistic double-digit 22.37%, driven by the underlying double-digit sales growth of 39.52% over the next few years. Profit growth, coupled with top-line expansion, is a positive indication. This is because net income isn’t artificially inflated by unsustainable activities such as one-off cost-reductions expected in the future. This prospective profitability should trickle down to shareholders, with analysts expecting the company to generate a high double-digit return on equity of 31.97%. ALU ticks the boxes for robust growth generation on all levels of line items, which makes it an appealing stock to dig into deeper. Want to know more about ALU? I recommend researching its fundamentals here.
MNF Group Limited (ASX:MNF)
MNF Group Limited provides voice, data, and cloud based communication and communication enablement services to residential, business, government, and wholesale customers in Australia and internationally. MNF Group was established in 2004 and with the market cap of AUD A$360.56M, it falls under the small-cap stocks category.
MNF’s projected future profit growth is a robust 26.69%, with an underlying 33.23% 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 return on equity coming in at a notable 25.80%. MNF ticks the boxes for robust growth generation on all levels of line items, which makes it an appealing stock to dig into deeper. Should you add MNF to your portfolio? I recommend researching its fundamentals here.