When it comes to growth shares I believe the Australian share market is home to a great number for investors to choose from.
But with so much choice it can be hard to pick out which ones to buy.
To narrow things down and help you on your way I have picked out two of my favourites at the moment. Here's why I think they are worth considering today:
Aristocrat Leisure Limited (ASX: ALL)
Although Aristocrat Leisure is perhaps best-known as a pokie machine developer, the main attraction for me is its fast-growing digital segment. Although the segment only generated 15.6% of its revenue in FY 2017, I believe that in the not so distant future it will become the company's main breadwinner.
This is especially the case after the company made two significant acquisitions last year that have bolstered its portfolio with a number of popular mobile and social games and put Aristocrat Leisure in a position to continue growing its recurring revenues at an explosive rate. All in all, given its current growth profile, I think its shares are fairly priced and would suggest investors buy them ahead of rival Ainsworth Game Technology Limited (ASX: AGI).
Domino's Pizza Enterprises Ltd. (ASX: DMP)
I feel confident that Domino's is over the worst of its problems now and could surprise the market in FY 2018 with stronger-than-expected growth. This could make it well worth considering as a buy, especially with its strong long-term growth prospects.
The pizza chain operator is targeting 4,650 stores by 2025, which will be more than double its store network as of the end of FY 2017. At the same time, management is leveraging technology and innovation to widen its margins over the next few years. If this is a success then I think it could lead to strong profit growth for the next few years.
