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3 growth shares I’d like to buy

The share prices of businesses change every day, so after a week of changes a stock can look quite attractive.

The ASX Index may be reaching multi-year highs, but some growth stocks have fallen away.

I’m very interested in the following three shares:

Propel Funeral Partners Ltd (ASX: PFP)

Propel is fairly new on the ASX, it’s the second largest funeral operator in Australia and New Zealand.

I believe it’s a good opportunity because death volumes are expected to grow by 1.4% per annum between 2016 to 2025 and then increase by 2.2% per annum from 2025 to 2050..

Propel has been able to increase its average revenue per funeral over the past few years and if it can continue to do so at a good pace that such be a good boost for earnings.

The main reason why Propel’s share price could grow significantly over the next few years is that the company plans to expand into new geographical areas through acquisitions.

BWX Limited (ASX: BWX)

BWX is the largest natural beauty business in Australia. Its products from the Sukin range are natural beauty market leaders, it is sold in many pharmacies and it’s also now sold in Wesfarmers Ltd’s (ASX: WES) Coles supermarkets.

The share price has fallen a long way from its all-time high after making a couple of acquisitions in the US. It bought two brands which are seen as more luxurious than Sukin.

The US businesses themselves are growing nicely, but it gives BWX an efficient way into the US market to sell Sukin using the current distribution networks.

National Veterinary Care Ltd (ASX: NVL)

National Vet Care has quickly become the second largest veterinary business in Australia and New Zealand with its veterinary clinics, pet membership program and veterinary management service.

The business is investing internally to improve efficiencies and it’s generating decent organic growth.

However, the main reason why I’m interested is that the share price has followed Greencross Limited’s (ASX: GXL) down, but it still easily has the scope to double the veterinary clinic network to 120 or more.

Foolish takeaway

I’m interested at the current prices of all three stocks. Although they have gone down recently, I think over five years they will beat the ASX market. If I had to pick one I would go for BWX.

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Motley Fool contributor Tristan Harrison owns shares of BWX Limited, Greencross Limited, NATVETCARE FPO, and Propel Funeral Partners Ltd. The Motley Fool Australia owns shares of and has recommended BWX Limited, Greencross Limited, and Wesfarmers Limited. The Motley Fool Australia owns shares of NATVETCARE FPO. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.