John Hopkins Biocontainment Unit Medical Director Dr. Brian Garibaldi joins Yahoo Finance’s Zack Guzman to discuss the timeline of a coronavirus treatment, as global cases surpass 5 million, according to John Hopkins data.
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S&P/ASX 200 Index (ASX: XJO) growth shares are a great way to grow your wealth faster than the broader share market in my opinion.
It’s the shares that are increasing their revenue and profit at a fast pace that can compound with solid results. ASX 200 growth shares can be big enough to be able to get through this coronavirus period, whilst being small enough to still have plenty of growth potential.
Here are three ASX 200 growth shares I’d love to buy for my portfolio:
I think A2 Milk Company is one of the best shares on the ASX. It has good profit margins, a quality group of products and a very large total addressable market.
The fact that it’s expanding in both China and the US is right compelling for future profit growth. The current crisis is not dampening A2 Milk’s growth. Indeed it actually seems to be accelerating growth with some customers stocking up on product. I think it’s attractive that A2 Milk can target an earnings before interest, tax, depreciation and amortisation (EBITDA) margin of 30% while still growing so fast.
Another reason why A2 Milk is one of the best ASX 200 growth shares is its large cash balance which means it would have plenty of liquidity to survive even if it wasn’t still earning growing profit.
I believe Xero is another of the best growth ideas out there. The cloud accounting business has been growing its total subscribers at a fast rate since it first listed on the ASX. Those new subscribers come with a high gross profit margin and pay a pleasing monthly amount to Xero.
The current coronavirus crisis is starting to cause some issues for the ASX 200 growth share. Don’t forget that Xero’s clients are small and medium businesses.
But as long as Xero can keep growing total global subscribers over the longer term then there’s still a lot to like about Xero. It’s now starting to make a net profit and it’s also generating positive free cash flow.
Pro Medicus is another of the best on the ASX. It has a global, high-quality client base signed on with multi-year agreements.
The ASX 200 growth share also has no debt with a growing cash balance. There are plenty of growth levers that Pro Medicus can pull. It has a very high earnings before interest and tax (EBIT) margin of 50.2%. With such a high profit margin, a lot of the new revenue just falls straight to the bottom line.
A fast growing dividend is also another bonus.
All three of these ASX 200 growth shares are great businesses worthy of being in any portfolio. The problem is buying them at a good price. I don’t want to overpay for these shares. The prices we saw in March 2020 for Pro Medicus was good enough to buy, but not right now. At the moment I’d probably say A2 Milk is the best buy, particularly as it’s about to expand into Canada.
But there are other top growth shares out there trading at good prices.
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Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Xero. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. recommends Pro Medicus Ltd. The Motley Fool Australia owns shares of and has recommended Pro Medicus Ltd. The Motley Fool Australia owns shares of A2 Milk. 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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If you’re looking for a little exposure to the small cap side of the market, then the three shares listed below could be worth watching closely.
While not all small caps live up to their potential, I think these three have a good chance of doing so. Here’s why I think they should be on your watchlist:
Dubber is a software company that provides businesses with an extremely scalable call recording service. This service has been adopted as core network infrastructure by multiple global leading telecommunications carriers in North America, Europe and the Asia Pacific. The cloud-based technology allows businesses to record, manage, and analyse their phone calls and communications. They can even use artificial intelligence to analyse the emotions and stress levels of a caller. Demand for its offering has been growing strongly over the last couple of years, leading to a strong increase in active customers and revenue.
Another small cap to watch is Nitro Software. It is a software company which provides document productivity solutions for businesses. In a recent presentation, the company revealed that it has over 2 million licensed users and over 11,000 business customers. The latter includes 65% of the Fortune 500 and three of the Fortune 10. Solid customer growth and its high retention rate have led to impressive recurring revenue growth over the last few years. I expect more of the same in the coming years.
A final small cap share to watch is Whispir. It is a software-as-a-service communications workflow platform provider which I think has a lot of potential. It provides an industry-leading software platform that allows governments and organisations to deliver actionable two-way interactions at scale using automated multi-channel communication workflows. Whispir is well funded and appears well-placed to deliver another strong result in FY 2020. During the first half its annualised recurring revenue increased 22% to $36.7 million. I expect an even stronger second half thanks to the work from home initiative which is driving increasing demand.
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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 Whispir Ltd. The Motley Fool Australia has recommended Nitro Software Limited and Whispir Ltd. 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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