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Looking to add potential meaningful upside to your portfolio, but unsure where to start? Stocks such as Norcros and SSP Group are considered to be high growth in terms of how much they’re expected to earn and return to shareholders, according to the market. Below I’ve put together a list of great potential investments for you to consider adding to your portfolio if growth is a dimension you would like to firm up.
Norcros plc (LSE:NXR)
Norcros plc, together with its subsidiaries, develops, manufactures, markets, and exports home consumer products in the United Kingdom, South Africa, and internationally. Started in 1999, and currently run by Nicholas Kelsall, the company employs 2,000 people and with the stock’s market cap sitting at GBP £152.34M, it comes under the small-cap group.
NXR’s forecasted bottom line growth is an exceptional 62.23%, driven by the underlying double-digit sales growth of 18.77% over the next few years. 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 NXR, it does not appear too severe. NXR ticks the boxes for robust growth generation on all levels of line items, which makes it an appealing stock to dig into deeper. A potential addition to your portfolio? Other fundamental factors you should also consider can be found here.
SSP Group plc (LSE:SSPG)
SSP Group plc operates food and beverage outlets. Established in 2006, and currently headed by CEO Kate Swann, the company now has 34,369 employees and with the company’s market capitalisation at GBP £2.95B, we can put it in the mid-cap category.
SSPG’s forecasted bottom line growth is an optimistic double-digit 10.36%, driven by the underlying double-digit sales growth of 12.25% over the next few years. It appears that SSPG’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 25.45%. SSPG’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. Thinking of investing in SSPG? Take a look at its other fundamentals here.
The Parkmead Group Plc (AIM:PMG)
The Parkmead Group plc, an independent oil and gas company, engages in the exploration and production of oil and gas properties in Europe, North America, and internationally. Founded in 2000, and now run by Thomas Cross, the company size now stands at 21 people and with the market cap of GBP £53.62M, it falls under the small-cap group.