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To find a multi-bagger stock, what are the underlying trends we should look for in a business? Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an increasing amount of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. However, after briefly looking over the numbers, we don't think Ampol (ASX:ALD) has the makings of a multi-bagger going forward, but let's have a...
>>> Read more: There Are Reasons To Feel Uneasy About Ampol's (ASX:ALD) Returns On Capital
>>> Read more: There Are Reasons To Feel Uneasy About Ampol's (ASX:ALD) Returns On Capital
