DOW News: Return Trends At Downer EDI (ASX:DOW) Aren't Appealing - 23rd Nov 2023, 8:57am

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There are a few key trends to look for if we want to identify the next multi-bagger. 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. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. However, after investigating Downer EDI (ASX:DOW), we don't think it's current trends fit the m...

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