Fastest growing Australian companies for 2020-21
In order of growth acceleration, the top 10 of the Australian Financial Review’s Fast 100 (fastest growing companies in Australia judged by their compound annual growth over 3 years and a turnover greater than $500,000) are listed below.
- Grow Finance (549%)
- Tesserent (258%)
- Tangerine Telecom (252%)
- Top Shelf International Holdings (198%)
- Deliciou (193%)
- Box of Books (170%)
- Open (170%)
- LVLY ( 170%)
- InDebted (156%)
- SelfWealth (156%)
Of the Fastest 100, the top 5 revenues for FY21 were:
- Redbubble Group ($553m)
- Butn (207m)
- Spirit Technology ($105m)
- EHPlabs ($89m)
- Culture Amp ($89m)
The bigger a company gets, the harder it becomes to accelerate growth. Redbubble Group had a compound annual growth rate of 46.7% for FY19-21. An impressive jump of 296 million in revenue.
The global online marketplace for print-on-demand products based on user-submitted artwork that was founded in Melbourne in 2006 has a current share price of $3.46, down from a high in January 2021 of $7.04.
The eCommerce company is currently valued at 40x net profit and 23x operating cash. Their net profit has gone from a 27.7 million loss in 2019 to 31.2 million net profit in 2021 and yet their share price has halved in value since January.