DOW News: Downer EDI (ASX:DOW) Has Some Way To Go To Become A Multi-Bagger - 7th May 2024, 3:49pm

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If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an eye out for. Amongst other things, we'll want to see two things; firstly, a growing return on capital employed (ROCE) and secondly, an expansion in the company's amount of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. Although, when we looked at Downer EDI (ASX:DOW), it didn't seem to tick all of ...

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