These 3 ASX shares have doubled in value in 12 months

The Afterpay Touch Group Ltd (ASX:APT) share price is one of three that have doubled in value in 12 months…

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Due to the recent market volatility, over the last 12 months the All Ordinaries has fallen approximately 5% excluding dividends.

But not all shares on the index have fallen during this time. In fact, the three shares listed below have at least doubled in value over the 12 months.

Is it too late to buy these high-flying shares?

The Afterpay Touch Group Ltd (ASX: APT) share price has rocketed 151% since this time last year. This is despite the payment technology company's shares falling by a sizeable 45% since peaking at a lofty $23.00 in August. Investors have been fighting to get hold of Afterpay Touch's shares due to its positive start to life in the United States market. While its shares are very expensive now, if the company can replicate its Australian success in that lucrative market then I suspect that shareholders will be rewarded handsomely. It is a high risk option, though.

The Jumbo Interactive Ltd (ASX: JIN) share price has stormed 137% higher over the last 12 months. Investors have been buying this lottery seller's shares after its impressive performance in FY 2018. Jumbo posted a 55% increase in net profit after tax from continuing operations to $11.8 million last year thanks to a jump in new customers and average spend per customer. Pleasingly, management expects this strong form to continue in FY 2019 and recently reiterated full year guidance of 20% revenue growth and 33% EBIT growth. At approximately 25x estimated full year earnings I think Jumbo Interactive's shares are reasonable value given its positive growth outlook.

The Nearmap Ltd (ASX: NEA) share price is up a massive 146% since this time last year. The geospatial imagery company has caught the eye of investors this year thanks to its progress the U.S. market. It recently revealed that growing demand in the key market has led to a significant increase in annualised contract value. The company isn't resting on its laurels, though. It was able to raise $70 million recently to fund further international expansion plans. This includes expanding into the Canada, UK, and European markets. I'm a big fan of Nearmap but its shares do look expensive now. I intend to wait and see how it performs in FY 2019 before considering an investment.

In the meantime, five shares that could be even better options are…

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of Jumbo Interactive Limited. The Motley Fool Australia owns shares of and has recommended Nearmap Ltd. The Motley Fool Australia owns shares of AFTERPAY T 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.

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