CEN News: Returns At Contact Energy (NZSE:CEN) Appear To Be Weighed Down - 12th Oct 2022, 12:27pm

[annb0t]

There are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. Although, when we looked at Contact Energy (NZSE:CEN), it didn't seem to tick all of these boxes.

Return On Capital Employed (ROCE): What...

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