Finding growth stocks that have what it takes to churn out returns year after year is difficult, but not impossible. Indeed, I believe I've stumbled across two such companies, which are revealed in full below.
Shares of Alumasc (LSE:ALU) are down 3.5% at 166p after the company released a trading update ahead of its AGM today. With the update telling us "the Board's expectations for full-year results remain unchanged," the City consensus earnings per share (EPS) forecast of 21.6p puts the company on a bargain-basement price-to-earnings (P/E) ratio of 7.7.
Earlier this month, construction materials firm Alumasc (LSE:ALU) reported record levels of revenue for its most recent financial year, as it shifted its focus purely to building products for the first time in its 70-year history.