FMG News: We Think Fortescue Metals Group (ASX:FMG) Might Have The DNA Of A Multi-Bagger - 7th Feb 2023, 1:05pm

[annb0t]

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. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. With that in mind, the ROCE of Fortescue Metals Group (ASX:FMG) looks great, so lets see what the trend can tell us.

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