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ASX Shares with Remarkable 12-Month Share Price Growth
When investing in ASX shares, investors typically anticipate a portion of their total shareholder return to come from dividends, while the rest comes from capital appreciation. However, there are periods when certain stocks experience substantial capital growth, offering significant returns. Here, we highlight three ASX shares that have demonstrated exceptional share price growth of at least 100% over the past 12 months.
- Gentrack Group Ltd (ASX:GTK)
The Gentrack share price has witnessed an impressive surge, soaring by over 220% in the past year. ASX GTK is a tech company listed on the ASX, specializing in providing software solutions for utility businesses and airports across the globe. Some of its notable customers include EnergyAustralia, Npower, Melbourne Airport, Sydney Airport, Gatwick, Schiphol, Orlando International Airport, and Auckland International Airport Limited (ASX:AIA).
The company's recent half-year result for FY23 displayed robust growth, driven by the acquisition of new customers and a recovery from COVID-19-related impacts, especially within the airport sector. In HY23, Gentrack reported a 47.7% year-over-year increase in revenue to $84.3 million, an EBITDA increase of $14.8 million to $16 million, and a statutory net profit after tax (NPAT) improvement of $13.7 million to $7.9 million.
Gentrack's strong performance has prompted it to raise its revenue guidance for FY23 and FY24, with expectations ranging from $157 million to $160 million, well above the previous guidance of $147 million to $150 million for FY23 and $150 million for FY24.
- Lindsay Australia Ltd (ASX:LAU)
Over the past year, the Lindsay share price has surged by just over 100%. ASX LAU describes itself as an integrated transport, logistics, and rural supply company, offering national services to the agriculture, horticulture, and food-related industries.
The company attributed its share price growth to increased customer demand for freight services in both road and rail, particularly in the horticultural and produce market. Additionally, industry consolidation and strong consumer demand for fresh, chilled, and frozen products have contributed to Lindsay's success. In FY23, the company reported impressive metrics, including a 22.3% growth in operating revenue, a 50.2% increase in underlying EBITDA, and a remarkable 95.3% growth in underlying earnings per share (EPS) to 12.1 cents.
Looking ahead to FY24, Lindsay aims to expand its capacity, scale, and capabilities to support future growth and enhance shareholder value.
- IPD Group Ltd (ASX:IPG)
In the last 12 months, the IPD share price has surged by approximately 120%. IPD identifies itself as a leading distributor and service provider in energy management and automation solutions, with a focus on enhancing various aspects of electrical infrastructure through energy efficiency, automation, and security connectivity.
FY23 marked significant growth for AS, with a 28.3% increase in revenue to $226.9 million, a 37.1% rise in EBITDA to $27.7 million, and a 45% growth in NPAT to $16.1 million. The company's growth strategy is centered on higher growth non-residential sectors of the economy.
According to Commsec, the IPD share price is currently valued at 19 times FY24's estimated earnings.
These ASX shares have demonstrated exceptional capital growth over the past year, reflecting their robust business performance and positive market sentiment. However, as with all investments, it's important for investors to conduct thorough research and consider their investment goals and risk tolerance before making investment decisions.
