AIA News: Capital Allocation Trends At Auckland International Airport (NZSE:AIA) Aren't Ideal - 28th Jul 2023, 4:49am

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If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. In light of that, when we looked at Auckland International Airport (NZSE:AIA) and its ROCE trend, we weren't ex...

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