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(Simply Wall St) Danakali And Other High Growth Stocks

Posted by: Semere Asmelash

Date: Tuesday, 24 April 2018

Danakali And Other High Growth Stocks

 Kari Hurd  April 24, 2018

High growth companies such as Danakali and IOOF Holdings has a positive future outlook in terms of their returns, profitability and cash flows. The prospects of these companies tend to outperform others, regardless of how the stock market is generally doing. If your holdings could benefit from diversification towards growth stocks, whether it be in reputable tech stocks or green small-caps, take a look at my list of stocks with a bright future ahead.

Danakali Limited (ASX:DNK)

Danakali Limited engages in the exploration of minerals in Eritrea, East Africa. Danakali is currently run by Danny Goeman. With the stock’s market cap sitting at AUD A$177.19M, it falls under the small-cap stocks category

DNK is expected to deliver an extremely high earnings growth over the next couple of years of 60.74%, from the current earnings level of -AU$6.84M. We see this bottom-line expansion directly benefiting shareholders, with expected return on equity coming in at a notable 24.46%. DNK’s impressive earnings outlook makes it a worthy company to spend more time to understand. Could this stock be your next pick? Have a browse through its key fundamentals here.

ASX:DNK Future Profit Apr 24th 18ASX:DNK Future Profit Apr 24th 18

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