November Top Growth Stocks To Buy James Harlett November 6, 2017...

November Top Growth Stocks To Buy

James Harlett November 6, 2017
Nearmap Ltd (ASX:NEA)

Nearmap Ltd provides online aerial photomapping services in Australia and the United States. Nearmap was founded in 2000 and has a market cap of AUD A$242.79M, putting it in the small-cap group.
NEA’s forecasted bottom line growth is an exceptional 68.13%, driven by the underlying 67.77% sales growth over the next few years. An affirming signal is when net income increase is supported by top-line growth. Since net income isn’t artificially inflated by one-off initiatives such as cost-cutting, we know this profit growth is more likely to be sustainable. We see this bottom-line expansion directly benefiting shareholders, with expected return on equity coming in at a notable 23.27%. NEA’s impressive outlook on all aspects makes it a worthy company to spend more time to understand. Considering NEA as a potential investment? I recommend researching its fundamentals here.

ASX:NEA Future Profit Nov 6th 17

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Sean O'Neill | November 6, 2017

Nearmap Ltd (ASX: NEA)
Nearmap is an unprofitable aerial mapping company that has been growing rapidly in Australia and the USA recently. It is a highly scalable business with wide gross profit margins, and if it can claim a significant market share in the USA, it should be worth more than today’s share price.