This Screen Found Me 10 New High Growth Stocks

Hi all👋

I performed a screen and it found me some incredible, high growth businesses that I wanted to share with you today.

The screen is as follows:

• Estimated revenue growth (2Y) CAGR: > 20%

• Estimated EBITDA growth (2Y) CAGR: > 50%

• NTM EV/EBITDA: < 25x

Here’s the results:

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1. First Solar | FSLR

Business

FSLR is an American solar panel manufacturer with a unique value proposition in that they’re the only manufacturer in the top 10 using cadmium telluride (CdTe).

Brief Investment Thesis

• Crystalline silicon (c-Si) holds ~95% of the solar panel market meaning FSLR’s CdTe is the leader outside of this.

• CdTe holds some very important advantages compared to c-Si. For one, it is much less controlled by China who run ~80% of the c-Si supply chain. Secondly, CdTe has much higher reliability over long periods of time meaning their useful life is ~9 years longer.

• A “buy American” push by Trump will no doubt increase the number of FSLR customers and be the catalyst this stock needs.

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2. Symbiotic | SYM

Business

SYM is an automation technology business developing robotics and other technologies to improve operating efficiency in warehouses.

Brief Investment Thesis

• There’s a secular tailwind towards robotics.

• Recent acquisitions, including SYM’s acquisition of Walmart’s Accelerated Pickup and Delivery centers increases SYM’s operations from just warehouses now all the way through to store level.

• SYM also recently acquired OhmniLabs which is a startup developing robotic solutions for healthcare. This may be a potential growth opportunity in the future.

• SYM are investing very aggressively. Although a risky approach, the payoff could be large.

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3. Flywire Corporation | FLYW

Business

FLYW is a payment enabler company that specializes in cross-border payments for individuals, businesses, and institutions. They focus mainly on the education industry, but have more recently started to grow in healthcare, travel, and various other business services.

Brief Investment Thesis

• FLYW grew at 39% despite a $30M headwind from a lack of immigration in Canada showing that the business is very resilient, and diversified.

• The travel sector of the business is growing at 50% YoY and management believe the TAM in luxury travel is $500B.

• FLYW operates a very high margin business operation, with a growing SaaS segment, and a NRR of 120+.

Visual

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4. Applied Digital Corporation | APLD

Business

APLD designs, manufactures, and operates digital infrastructure specializing in providing high-performance computing (HPC) for AI, blockchain, and other data intensive applications.

Brief Investment Thesis

• APLD are currently in the final stages of a 10-year lease agreement of their North Dakota data center facility. This is a total contract value of ~$2.2 billion.

• They have also said there’s lots of interest in other leases from 3 hyperscalers.

• APLD is a partner of NVDA. NVDA own 3.6% of the company which makes it the second largest of their 6 equity investments.

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5. CleanSpark | CLSK

Business

CLSK is a Bitcoin mining company focused on sustainable energy solutions for crypto mining. They also design and operate microgrids that combines renewable energy sources, battery storage, and software to provide cost-effective and sustainable power solutions.

Brief Investment Thesis

• CLSK has a marginal cost to mine of ~$34k compared to the spot price ~$100k today.

• CLSK has a balance sheet of $2.8 billion in assets, which translates into a P/B of 1.6x. MSTR has a P/B of 4.5x and MARA has a P/B of 2.0x.

• They’re rapidly scaling efficiency of their mining operations with EBITDA margins now hitting 55% compared to negative 3% in September 2023.

Now let’s move to the next 5…👇