Financial Aspects of Companies Sustainable Growth

The article is devoted to the problems of evaluating the companies growth. The authors study the theory and methodology of approaches to the concept of sustainable growth and variations of factorological dependencies that form the value of decision-making indicators to ensure the necessary growth depending on the companies financial results. The authors justify the choice of indicators and growth models based on criteria, the main of which is the rate of profit reinvestment as the basis of companies financial stability. The level of profit reinvestment primarily depends on the life cycle of companies, and the choice of the optimal growth rate, determined by the growth model, is the basis for sustainable development of companies. The universality of the models is confirmed by the possibility of their application regardless of the availability of companies shares, dividend payments and organization forms, which allowed the authors to reduce the restrictions on the sample. The models were tested on the example of the largest mining companies. The dynamics of average values of growth indicators reflected changes in general market trends, which confirms that the growth of large system-forming companies is the main factor in the growth of the state’s economy as a whole.