The best way to beat the market over the longer term could be to invest in growth shares that can deliver good earnings growth year after year.
Shares that are easily scalable seem to be delivering the best returns, that’s why I think the below three ASX shares could be ones you don’t want to miss.
Webjet Limited (ASX: WEB)
Webjet is a leading online travel site for consumers where you can book flights, hotels, car hire, cruises and so on.
Not only does the company have a good rate of organic growth in its original business, but it has also become one of the largest business to business (B2B) operators in the world due to its acquisition of Destinations of the World.
A global downturn would be quite bad for Webjet’s earnings, but the travel company is expecting to materially increase its profit margins in the B2B business.
According to CommSec estimates, it is valued at 16 times FY20 earnings.
Aristocrat Leisure Limited (ASX: ALL)
The old Aristocrat Leisure business is based around casino games, it’s one of the largest players in the world being licensed in approximately 300 gaming jurisdictions in over 90 countries.
Aristocrat also has online digital games – both casino versions and free-to-play social games games.
Aristocrat Leisure is a global business and digital gaming has a supposedly large and long growth runway. However, licensing can be a risk if a license is not given.
According to CommSec estimates, Aristocrat Leisure is valued at 16 times FY20 earnings.
Domain Holdings Australia Ltd (ASX: DHG)
Domain is the second biggest real estate portal business in Australia. The recent merger between Fairfax Media and Nine Entertainment Co Holdings Ltd (ASX: NEC) could provide plenty of growth support for the Domain business over the next few years.
If Domain can bridge the gap to REA Group Limited (ASX: REA) in terms of advertising revenue, then it could earn quite a lot more in earnings compared to FY18.
According to CommSec estimates, Domain is valued at 30 times FY20 earnings.
2 More ASX Growth Shares You Don’t Want To Miss
From 2,000 to 2 ASX Growth Shares
After searching through a market with over 2,000 shares, our expert investment analyst has narrowed it down to just 2 of his favourite rapid-growth shares in a FREE report to Rask Media readers.
Over the past five years, these two shares have gone from being 'tiny caps' to being serious contenders for the ASX 200.
Idea #1 is taking on the world, starting with the huge USA market. In a just a few short years the company has snatched market share away from rivals and is on its way to being the market leader.
Idea #2 uses a 'printer and cartridge' type model to get large and established customers: a) using their healthcare industry-leading product, b) paying for it again and again and again... so it's little wonder this company is tipped to grow at a rapid pace in 2019.
Access the free report by clicking here now. Absolutely no credit card or payment details required.
Disclaimer: Any information contained in this article is limited to general financial/investment advice only. The information has not taken into account your specific needs, goals or objectives, so please consider consulting a licenced and trusted adviser before acting on the information. Please read The Rask Group’s Financial Services Guide (FSG) for more information. This article is authorised by Owen Raszkiewicz of The Rask Group, which is a corporate authorised representative No. 1264179 of Strawman Pty Ltd (ACN: 610 908 211) (AFSL: 501 223).