Which are the 10 most interesting growth stocks listed with the NZX?

Growth stocks are shares of companies whose earnings/sales are likely to grow at a quicker rate than that of the market. These stocks generally do not pay dividends and provide a safety net during low times.

Let’s have a look at how these 10 NZX-listed growth stocks are performing.

Enprise Group Limited (NZX:ENS)

Enprise Group, a cloud business software company, witnessed a YTD total return of 192%. EPS ended the trading session flat at $2.95 on 30 June 2021.

The Group reported a revenue of $7.4 million and net profit of $0.603 million for the 6 months ended 31 December 2020, up from $3.7 million and $0.208 million, respectively.

ENS invested AU$0.547 million in buying shares from existing shareholders in iSell and subscribed $0.335 million in October 2020 in an oversubscribed rights issue undertaken by Datagate.

Geo Limited (NZX:GEO)

Shares of Geo, a cloud-based software solutions company, have given a nearly 62% YTD. GEO ended the trading session at $0.133 on 30 June 2021, up 0.76% from previous close.

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The Company reported a decline in its half-year revenue by 7.4% to $2.1 million in 1H FY21 on pcp. It reported an improvement of 76% in operating and investing cash flows to $0.2 million in the period.

There was 79.6% improvement in acquisition costs per licence v/s pcp. The Company also remains well positioned to grow top-line sales and subscriptions.

Rakon Limited (NZX:RAK)

Shares of Rakon, a technology firm, have given a YTD total return of 58.6%. RAK ended the trading session flat at $0.92 on 30 June 2021.

Rakon posted a strong result for FY21, reporting an 8% rise in revenue to $128.3 million due to increased 5G momentum. The Group expects an underlying EBITDA of $27-32 million for FY22 with 5G roll-out to continue for many years.

Turners Automotive Group Limited (NZX:TRA)

Shares of Turners Automotive, an automotive financial services group, have given an YTD return of 51.3%. TRA ended the trading session at $4.51 on 30 June 2021, down 0.44% from previous close.

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It posted record earnings despite a COVID-19-disrupted year. However, it reported a 11% decline in revenue to $296.5 million but NPAT up 28% to $26.9 million.

The Group also paid record dividend of 20 cps for FY21.

NZ Windfarms Limited (NZX:NWF)

Shares of NZ Windfarms, an NZ-based wind farm operator, have given an YTD return of 47.6%. NWF ended the trading session flat at $0.23 on 30 June 2021.

The half-year performance of NWF, which concluded on December 31, 2020, showed effective cost control and capital management. During HY21, their total sales were $6.9 million, with an EBITDAF of $3.2 million.

Furthermore, NZ Windfarms has kept its EBITDAF forecast for FY21 in between $5.7 million and $6.3 million.

Livestock Improvement Corporation Limited (NZX:LIC)

Livestock Improvement Corporation, an agri-tech co-operative, shares have given an YTD return of 46.8%. LIC ended the trading session flat at $1.16 on 30 June 2021.

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LIC emerged strongly in H1 of 2020-2021 with a 3.8% rise in revenue and a 10.4% increase in net profit. The Group expects underlying earnings to be between $19-$25 million for FY22.

The Group recently completed divestment of its automation business to MSD Animal Health, a division of Merck & Co., Inc. for a consideration of  NZ$38,100,000.                

ArborGen Holdings Limited (NZX: ARB)

Shares of ArborGen Holdings, a tree seedling provider, have given a YTD return of 35%. ARB ended the trading session at $0.265 on 30 June 2021, up 23.26% from previous close.

The Group reported profit growth in FY21 despite facing COVID-19’s impact. ARB reported material improvement in net earnings to $3.2 million and strong operating cash flow of $9.9 million (up 106%).

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ARB expects EBIDTA to be between $13 million-$14.5 million for FY22 with further growth of MCP seedlings expected in future years from flowers pollinated in FY21. 

Marlin Global Limited (NZX:MLN)

Shares of Marlin Global, an NZ-based listed company, have given a YTD return of 30.7%. MLN ended the trading session flat at $1.6 on 30 June 2021.

Marlin’s gross performance return for May was down 0.9%, while the adjusted NAV was down 1.1%. This compared with global benchmark, S&P Large Mid Cap/S&P Small Cap Index, which was up 0.4%.

Me Today Limited (NZX:MEE)

Shares of Me Today, a health and wellness brand, have given a YTD return of 34.2%. MEE ended the trading session at $0.093 on 30 June 2021, down 5.1% from previous close.

The Group made strong progress in FY21. It has signed new global distribution partnerships in Japan, Ireland, and Australia, providing access to hundreds of new retail outlets. It posted a 102% rise in reported revenue in FY21 on prior year.

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Sales are expected to escalate over the 12 months to 31 March 2022 as company continue to invest in its brand.

Gentrack Group Limited (NZX:GTKASX:GTK)

Shares of Gentrack, a leading utilities provider, have given a YTD return of 29.9%. GTK ended the trading session at $2.06 on 30 June 2021, up 3% from previous close.

The Group posted a rise of 0.7% in revenue to $51 million and a 63.2% rise in EBIDTA for H1 FY20.

GTK revealed its 3 pillars for strategic growth in its investor strategy update. They included creating a strong customer base, expanding its footprint in water and energy in existing markets, and engaging in managed service.

(NOTE: Currency is reported in NZ Dollar unless stated otherwise)



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