It seems you’re interested in exploring some promising growth-focused ASX shares for potential investment. Here’s a breakdown of the three companies mentioned:
Close The Loop Ltd (ASX: CLG)
Business Focus: Close The Loop operates internationally, specializing in product and economic circularity. It collects and refurbishes old electronics, collaborating closely with HP as a key partner.
Growth Potential: The company has been appointed as HP’s ‘HP Platinum Global Certified Renew Partner,’ indicating significant growth opportunities through its association with a major tech player.
Future Prospects: Plans include expanding operations with other OEMs and opening a new IT refurbishment plant in Mexico by October 2024.
Additionally, the company will set up a second TonerPlas line, bolstered by government funding.
Financial Outlook: Expected EPS growth of 23% from FY24 to FY26, with a valuation of under 7x FY24 forecast earnings.
Collins Foods Ltd (ASX: CKF)
Business Focus: Collins Foods is a multinational franchisee operator of KFC outlets in Australia, the Netherlands, and Germany.
Growth Strategy: Expanding KFC outlet numbers in its markets, with recent expansions in Australia and the Netherlands.
Financial Performance: Reported revenue growth of 10.4% and underlying NPAT growth of 15.6% in FY24.
Future Outlook: Expected EPS growth to 65.8 cents by FY26, reflecting a 21% EPS growth rate for that year, with a valuation of 13x FY26 estimated profit.
Corporate Travel Management Ltd (ASX: CTD)
Business Focus: Provides corporate travel management services, aiming for steady revenue growth despite current economic uncertainties.
Growth Strategy: Targeting 10% annual revenue growth from FY25 onwards, supported by acquiring $1 billion in new clients annually and potential strategic acquisitions.
Cost Efficiency: Focused on improving EBITDA margins, with a target for 50% of new revenue to contribute directly to EBITDA.
Financial Projection: Estimated EPS growth of 25% from FY24 to FY26, with a valuation of 13x FY26 estimated earnings.
These companies represent diverse sectors and growth strategies within the ASX market. Close The Loop leverages sustainability trends and partnerships, Collins Foods benefits from the brand strength of KFC and expansion efforts, while Corporate Travel Management focuses on strategic growth and cost efficiency in corporate services.
Before making any investment decisions, it’s advisable to conduct further research, consider your risk tolerance, and possibly consult with a financial advisor to align your investments with your financial goals and strategies.
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