The following companies have grown their capital spending tremendously over the past few years, which could mean that they expect to increase their revenues significantly in the years ahead due to greater demand for their products and services.
CorEnergy Infrastructure Trust Inc
The first company that is attracting the interest of investors is CorEnergy Infrastructure Trust Inc (CORR, Financial), a Kansas City, Missouri-based real estate investment trust company focusing on critical energy assets.
CorEnergy Infrastructure Trust Inc purchased property and equipment worth $373 million in full year 2019, growing by 254% since 2018, by 94% over the previous three years and marking a tremendous increase from the $12 million spent in full year 2014.
Morningstar analysts project the company will increase its net earnings per share (EPS) by nearly 100% in 2021 and by 2% every year over the next five years.
As of September, the stock has a hold recommendation rating with an average target price of $8.50 per share in Wall Street.
The stock price closed at $6.72 per share on Friday for a market capitalization of $91.74 million after an 85.6% decline over the prior 12 months.
The price-book ratio of 2.5 is above the industry median of 0.91, while the price-sales ratio of 2.06 is well below the industry median of 6.67.
VirTra Inc
The second company investors may be interested in is VirTra Inc (VTSI, Financial), a Tempe, Arizona-based provider of force, firearms training and driving simulators for civilian, educational, law enforcement and military purposes worldwide.
In full year 2019, the company invested more than $653,000 in property and equipment, representing a 123% increase from the previous year and a 111% increase over the previous three years.
Morningstar analysts forecast that the company will increase its EPS by 176.5% in 2021 and by 40% every year over the next five years.
As of September, the stock has a buy recommendation rating with an average target price of $5.67 per share in Wall Street.
The stock price was trading at $3.89 per share at close on Friday for a market capitalization of $30.19 million as a result of a 28% increase over the prior 12 months.
The stock has a price-book ratio of 3.28 versus the industry median of 1.85 and a price-sales ratio of 1.61 versus the industry median of 1.14.
Maui Land & Pineapple Co Inc
The third company drawing the interest of investors is Maui Land & Pineapple Co Inc (MLP, Financial), a Hawaii-based real estate company focusing on agricultural, commercial, industrial, residential and resort properties in the U.S.
In full year 2019, Maui Land & Pineapple Co Inc allocated $712,000 to the purchase of properties, which represented a 130% growth from 2018, a 166% growth over the prior three years and a huge jump from the $31,000 invested in 2014.
According to Morningstar analysts, the company's bottom line will improve significantly next year from an expected net loss of 26 cents per share in 2020 to a net loss of 18 cents per share in 2021.
The share price traded at $10.99 at close on Friday for a market capitalization of $212.86 million following a nearly 4% increase over the prior 52 weeks of trading.
The stock has a price-book ratio of 9.42 versus the industry median of 0.79 and a price-sales ratio of 26.94 compared to the industry median of 2.53.
Disclosure: I have no positions in any securities mentioned.
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