Here are four of my favourite growth shares that are trading at attractive value in my opinion:
Challenger Ltd (ASX: CGF)
Challenger is the annuity king of Australia with a large market share of current annuities. It's gaining even more market share thanks to the new distribution channel agreements it's creating.
The number of people reaching retirement age and wanting a reliable source of income from their capital is expected to significantly increase over the next two decades.
Challenger is currently trading at 20x FY17's estimated earnings with a grossed-up dividend yield of 3.6%.
Altium Limited (ASX: ALU)
Altium is one of the world's largest providers of electronic PCB design software in the world.
The growth of the 'Internet of Things' should see a large increase in demand for Altium's services. Management are predicting that revenue will double by 2020, which would be a big boost for the business.
Altium is currently trading at 30x FY17's estimated earnings with an unfranked dividend yield of 2.52%.
BWX Ltd (ASX: BWX)
BWX is the Australian owner of the natural beauty brand Sukin and has just recently announced it's going to acquire Mineral Fusion in the USA.
There is a shift by consumers towards natural products and this could see BWX grow strongly in its domestic market and overseas in countries like Canada and the UK.
BWX is currently trading at 33x FY17's estimated earnings with a grossed-up dividend yield of 1.78%.
Class Ltd (ASX: CL1)
Class is a cloud accounting software provider for self-managed superannuation fund (SMSF) administrators.
There are now requirements for real time reporting by SMSFs, this should be a big driver for more clients to make the move to Class.
Class is currently trading at 57x FY16's earnings with a grossed-up dividend yield of 1.92%.
Foolish takeaway
I think all four businesses would make great additions to any portfolio. Class is probably a bit too expensive at the moment but the other three should all be great long-term buys at the current prices.
