Looking for high-growth companies within the S&P/ASX 200 (INDEXASX: XJO)? Why not try Afterpay Touch Group Ltd (ASX: APT) or IDP Education Ltd (ASX: IDP)? Here are my top five.
Afterpay Touch Group Ltd (ASX: APT)
We all know about Afterpay and the success they’ve had since listing on the ASX in June 2017. If you’ve been living under a rock or just don’t know, Afterpay Touch is the owner of the most popular “buy now, pay later” app.
Afterpay is certainly in a sector that’s exciting a lot of people, and there appears to be a lot of room for growth. With 3.1 million active customers, Afterpay doesn’t look to be slowing down.
Over the last year, the Afterpay share price has rocketed 171% and the company now has a market capitalisation of $4.9 billion, firmly securing it a spot in the ASX 200.
For more, check out this article: Is The Afterpay (ASX:APT) Share Price a Buy Above $20?
Altium Ltd (ASX: ALU)
Altium is a world leader in the design of software for printed circuit boards (PCB’s), a component of every computer and phone. In February, they released an impressive half-year report, which you can read about here.
Altium shares do seem expensive at the moment, but might still be cheaper than other tech shares like WiseTech Global Ltd (ASX: WTC).
Over the last year, the Altium share price has inc byreased nearly 55%, leaving Altium with a market cap of $4.46 billion.
You can read about Altium more in this article.
IDP Education Ltd (ASX: IDP)
This is a company that I wrote about a short time ago, so I won’t say too much here. Check out my article, 2 Reasons I Like IDP Education Ltd (ASX:IDP) Shares, which goes in-depth on this company’s prospects.
In short, IDP is an education organisation that operates internationally, offering student placements in Australia, New Zealand, the US, UK, Ireland and Canada.
Over the last year, its share price has grown 98.5% and the company now has a market cap of $3.78 billion.
Saracen Mineral Holdings Ltd (ASX: SAR)
The first resources company on this list, Saracen has had a solid run over the last few days due to an increase in gold prices.
Saracen is a gold mining company with production of over 300,000 ounces per annum. With growing cash flows and no debt, this is a mining company I might just be able to like. Saracen’s production occurs across two Western Australian projects.
Over the last 12 months, Saracen shareholders have seen their wealth grow 50%. The company has a market cap of $2.3 billion.
Northern Star Resources Ltd (ASX: NST)
The second miner on the list, Northern Star Resources is one of Australia’s largest gold miners, with operations in Western Australia and Northern Territory.
With growing concerns that the market may drop in the coming years, plenty of investors seem to be seeking a safe haven in gold miners.
The largest company on this list, with a market cap of $5.59 billion, Northern Star has produced a 12-month return of 32%. This is a smaller return than other shares on the list, but over the 10-year period, Northern Star has produced a return of 79,665.8%. That’s not a typo.
The companies on this list are just some of the fastest growing ASX 200 shares, and there are plenty of other small-medium cap companies with similar returns. However, these larger companies tend to be slightly safer and less speculative.
Of course, with all this talk of high returns, it must be noted that past performance is not a reliable indicator of future performance. Today’s best could become tomorrow’s worst. Still, while we say the market doesn’t repeat itself, it certainly seems to rhyme!
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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).
Disclaimer: At the time of writing, Max does not own shares in any of the companies mentioned.