4 Growth Stocks - A2M, APT, XRO And ICQ

A2M, APT, XRO And ICQ remained strong financial performers over the first half of FY19. The companies showed robust growth in their key financials over the period. With a spectrum of decent to strong YTD returns of these stocks, let us have a closer look at each of these stocks and how they have performed.

The a2 Milk Company Limited (ASX: A2M)

The a2 Milk Company Limited (ASX: A2M) has the maximum national brand advertising spend in the fresh milk categories and infant formula in Australia. The company has set the foundation for having a2 Milk® from cows that naturally produce only the A2 protein rather than A1 protein as otherwise found.

On the financial performance front, the group’s revenue stood at $613.1 million in H1 FY19, an increase of 41.0% over the prior corresponding period. The EBITDA stood at $218.4 million in H1 FY19, an increase of 52.7% over the prior corresponding period of H1 FY18. The company reported a net profit after tax of $152.7 million, an increase of 55.1% over the previous corresponding period. Moreover, the company maintained a strong balance sheet with a closing cash balance of $287.9 million for the reported period.

The stock of a2 Milk Company Limited, at the time of writing on 12 April 2019 AEST 04:00 PM, is trading at $14.040, with a market capitalisation of ~$10.05 billion. It has generated a YTD return of 31.83%.

Afterpay Touch Group Limited (ASX: APT)

Afterpay Touch Group Limited (ASX: APT) is a technology-driven payments company that offers a retail payment platform to help connect customers seamlessly to their retailers for easy transactions.

The company reported an underlying sale of $2.3 billion in H1 FY19, an increase of $1.4 billion or 147% as compared to the prior corresponding period. The total income, however, stood at $116.1 million (pro forma), an increase of 91.0% as compared to H1 FY18. The company has a robust balance sheet to support growth and has issued equity of $142 million in September 2018. The increased diversity and maturity of bank funding by the company included warehouse funding facilities in Australia along with new facilities under negotiations in the US.

The stock of Afterpay Touch Group Limited, at the time of writing on 12 April 2019 AEST 04:00 PM, is trading at $25.30, with a market capitalisation of ~$6.08 billion. It has generated a significant YTD return of 112.92%.

Xero Limited (ASX: XRO)

Xero Limited (ASX: XRO) is a public software company with the market capitalisation of ~$7.22 Bn as of 12 April 2019 and it offers cloud-based accounting software services and help connects small and medium-size businesses to their advisors.

On the financial performance front, the operating revenue was up by 37% (33% in constant currency) from the same period last year to $256.5 million. Cash flows from operations during the reported period increased to $36.0 million, which is a significant improvement from $15.1 million in the same period last year. The EBITDA of the company stood at $16.8 million compared to $15.6 million in H1 FY18. The average revenue per user (ARPU) increased by 6% (3% in CC) from the same time last year to $31.1 million.

The stock of Xero Limited, at the time of writing on 12 April 2019 AEST 04:00 PM, is trading at $52.09, with a market capitalisation of ~$7.22 billion. It has generated a YTD return of 22.19%.

iCar Asia Limited (ASX: ICQ)

iCar Asia Limited (ASX: ICQ) is a car portal network company involved in developing and operating leading automotive portals in ASEAN markets.

The cash collections reported by the company for the first quarter stood at A$3.8 million, up by A$0.8 million, an increase of 25% compared to Q4 2018. This is the highest ever quarterly cash collection reported by the company. On the back of strong account renewals in Thailand and higher collections from Indonesia’s classified business through paid subscription, the company has reached this milestone. The unaudited revenue for the group stood at A$2.6 million in the first quarter, an increase of 30% compared to the same period last year. The net operating cash flows improved 20% quarter-on-quarter with a decrease of A$0.5 million.

The stock of iCar Asia Limited, at the time of writing on 12 April 2019 AEST 04:00 PM, is trading at $0.210, with a market capitalisation of ~$82.64 million. It has generated a significant YTD return of 59.26%.


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