Australia's top GROWTH stocks valued under $1 billion

These are some of the best companies on the ASX, you should have them in your portfolio.

| More on:
a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

In the last 12 months the S&P/ASX 200 (ASX: XJO) (^AXJO) is up 10.61%, but in the same time, these next four growth stocks are up an average of 69.4% not including dividends!

Yes, they might be smaller than Telstra Corporation Ltd (ASX: TLS) or Woolworths Limited (ASX: WOW), but each are established businesses who are making profits and looking to grow shareholder returns.

Best of all, I believe each of these businesses are still an excellent buy for long-term investors and I'll personally be looking to add any I don't already own to my portfolio soon. Here they are (in no particular order):

1. Slater & Gordon Limited (ASX: SGH) is Australia's premier personal injury (PI) law firm. The company has recently expanded into the UK with five earnings accretive acquisitions and, as a result, already controls 5% of the PI market. Currently trading under $5.00, long-term investors will be locking in a great buy.

2. RCG Corporation Limited (ASX: RCG) is the owner of The Athlete's Foot retail stores and distributes exclusive international brands throughout Australia and New Zealand. Saucony, Merrell and CAT are just some of its brands. With an increasing store count, RCG is a good long-term buy and pays an excellent dividend.

3. Donaco International Ltd (ASX: DNA) is a casino operator with its flagship facility in Lao Cai, Vietnam. Recent tensions between the governments of Vietnam and China affected its share price but management informed the market that player visitation rates were unaffected and had in fact increased due to the soft opening of its newly renovated resort and casino. At $1.14 per share, Donaco represents a medium to high risk investment but could be very rewarding.

4. Senex Energy Ltd (ASX: SXY) is a Cooper Basin oil and gas producer. With tenements in highly prospective areas and partnerships with leading resources companies, Senex's production climbs modestly higher each year. More importantly the companies proved and probable (2P) reserves keep growing. It stands out as one of the best ways to get involved in Australia's booming oil and gas industry.

Motley Fool contributor Owen Raszkiewicz owns shares in Slater & Gordon, RCG Corporation and Donaco International. 

More on ⏸️ Investing

Close up of baby looking puzzled
Retail Shares

What has happened to the Baby Bunting (ASX:BBN) share price this year?

It's been a volatile year so far for the Aussie nursery retailer. We take a closer look

Read more »

woman holds sign saying 'we need change' at climate change protest
ETFs

3 ASX ETFs that invest in companies fighting climate change

If you want to shift some of your investments into more ethical companies, exchange-traded funds can offer a good option

Read more »

a jewellery store attendant stands at a cabinet displaying opulent necklaces and earrings featuring diamonds and precious stones.
⏸️ Investing

The Michael Hill (ASX: MHJ) share price poised for growth

Investors will be keeping an eye on the Michael Hill International Limited (ASX: MHJ) share price today. The keen interest…

Read more »

ASX shares buy unstoppable asx share price represented by man in superman cape pointing skyward
⏸️ Investing

The Atomos (ASX:AMS) share price is up 15% in a week

The Atomos (ASX: AMS) share price has surged 15% this week. Let's look at what's ahead as the company build…

Read more »

Two people in suits arm wrestle on a black and white chess board.
Retail Shares

How does the Temple & Webster (ASX:TPW) share price stack up against Nick Scali (ASX:NCK)?

How does the Temple & Webster (ASX: TPW) share price stack up against rival furniture retailer Nick Scali Limited (ASX:…

Read more »

A medical researcher works on a bichip, indicating share price movement in ASX tech companies
Healthcare Shares

The Aroa (ASX:ARX) share price has surged 60% since its IPO

The Aroa (ASX:ARX) share price has surged 60% since the Polynovo (ASX: PNV) competitor listed on the ASX in July.…

Read more »

asx investor daydreaming about US shares
⏸️ How to Invest

How to buy US shares from Australia right now

If you have been wondering how to buy US shares from Australia to gain exposure from the highly topical market,…

Read more »

⏸️ Investing

Why Fox (NASDAQ:FOX) might hurt News Corp (ASX:NWS) shareholders

News Corporation (ASX: NWS) might be facing some existential threats from its American cousins over the riots on 6 January

Read more »