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To find a multi-bagger stock, what are the underlying trends we should look for in a business? 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. However, after investigating Downer EDI (ASX
OW), we don't think it's current trends fit the mold of a multi-bagger.
Return On...
>>> Read more: Downer EDI (ASX
OW) Is Reinvesting At Lower Rates Of Return
Return On...
>>> Read more: Downer EDI (ASX