3 quality ASX 200 growth shares

I’m always on the lookout for quality S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) growth shares that are trading at attractive prices.

Shares that are in the ASX 200 are seen as reliable as they have already made a name for themselves in the industry they’re in.

These are some of the ASX 200 growth shares I’m eyeing up at the moment:

A2 Milk Company Ltd (ASX: A2M)

The a2 protein company’s share price is down 22% over the past six months with slower growth projected and a ramping up of competition in the a2 space with the likes of Nestle introducing its own product.

However, with the company now trading at 29x FY19’s estimated I think it’s now trading at pretty attractive value as it’s still expanding where its products are being sold geographically.

Altium Limited (ASX: ALU)

Altium is one of the world’s leading electronic PCB software businesses. It has an impressive list of clients including Toyota, John Deere, Google and Apple.

The company is looking to achieve complete market leadership over the next decade, which could mean significant revenue growth, profit margin growth and bottom line growth. Despite already achieving huge shareholder returns over the past five years, the next five could continue to be impressive if it keeps winning additional clients and offering more features.

It’s currently trading at 42x FY19’s estimated earnings. This isn’t cheap at all, but could be good value for where it will be by 2025.

DuluxGroup Limited (ASX: DLX)

DuluxGroup is the owner of a large number of home improvement brands. It owns paint brands British Paints and Dulux, as well as coating brand Cabot’s. It owns Selleys, Lincoln Sentry, Parchem and B&D garage doors. It owns garden brands Yates and Hortico. And many other lesser-known brands.

The business isn’t a sexy tech stock, but it manages to steadily increase profit year after year with a bit of revenue growth and slightly better economies of scale.

It’s currently trading at 18x FY19’s estimated earnings.

Foolish takeaway

A2 Milk could be the one to go for considering its global addressable market and its fairly-reasonable valuation. However, I have been a long-term believer in Altium’s prospects and the pull-back in the share price has brought it close to when I would consider buying another small parcel.

Want some more ASX 200 growth share ideas? These top stocks could be perfect for your portfolio.

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Motley Fool contributor Tristan Harrison owns shares of Altium. The Motley Fool Australia owns shares of A2 Milk and Altium. 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.

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