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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. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. However, after briefly looking over the numbers, we don't think Beach Energy (ASX:BPT) has the makings ...
>>> Read more: Some Investors May Be Worried About Beach Energy's (ASX:BPT) Returns On Capital
>>> Read more: Some Investors May Be Worried About Beach Energy's (ASX:BPT) Returns On Capital
