I think the Australian share market is home to a great number of small-cap shares with significant long-term growth potential.
Thee such shares from different areas of the share market are listed below. Here's why I like them:
Money3 Corporation Limited (ASX: MNY)
I've been very impressed at the way Money3 has successfully transitioned away from controversial payday loans to secured automotive loans. The strong performance of its auto loans led to above-average earnings growth in FY 2017. I expect this to continue thanks to its new debt facility that will give it the capacity to almost double its market share. A further bonus is its dividend which currently provides investors with a trailing 3.4% yield which is growing fast.
National Veterinary Care Ltd (ASX: NVL)
Another company growing quickly is National Veterinary Care. Over the last 12 months the company has grown its clinic network here and in New Zealand at a solid rate. Pleasingly, due to the highly fragmented nature of the veterinary industry, I believe there is still a significant growth opportunity for the company over the next decade through acquisitions. Last year National Veterinary Care delivered a 25% increase in revenue and management expects to exceed this level of growth in FY 2018. Its shares may have rallied strongly recently, but I believe there is plenty of growth ahead for this star performer.
Volpara Health Technologies Ltd (ASX: VHT)
I think this digital health company could have an exceptionally bright future ahead of it thanks to its impressive piece of technology. Volpara's technology enables personalised, high-quality breast cancer screening based on automated, objective measurements of breast density, compression and radiation dose. Even though annual recurring revenues have been growing at a rapid pace, management expects this to accelerate and meet or exceed its lofty full-year 200% growth target.
