With so many quality growth shares listed on the Australian share market, growth investors certainly are a lucky bunch.
But with so many to choose from it can be hard to decide which ones to buy.
To narrow things down I have picked out three growth shares which I think are well worth considering right now. Here's why I like them:
A2 Milk Company Ltd (ASX: A2M)
I think that this leading infant formula and fresh milk company is one of the best growth shares on the local market. I'm a big fan of a2 Milk Company as I believe it has outstanding long-term growth potential due to the insatiable demand for its infant formula products in China and its expansion in North America. The company's shares do trade at a premium to the market average, but I remain confident that its positive long-term outlook justifies this.
Aristocrat Leisure Limited (ASX: ALL)
Another growth share to consider next week is Aristocrat Leisure. With its shares trading at 20x estimated forward earnings, I think the gaming technology company provides investors with a very attractive risk/reward at present. Especially considering the company delivered a 34.2% lift in normalised NPATA to $729.6 million in FY 2018 and is poised for further strong growth over the long term thanks to its exposure to the fast-growing social and mobile gaming market.
Domino's Pizza Enterprises Ltd (ASX: DMP)
A final growth share to consider next week is this pizza chain operator. Although it has underperformed in recent times, I believe Domino's is well-positioned for long-term growth thanks to its store network expansion plans. Management aims to almost double its store network by 2028 at the latest. If it achieves this then I expect it to lead to above-average earnings growth over the next decade.
