KAR News: Karoon Energy (ASX:KAR) Might Have The Makings Of A Multi-Bagger - 13th Oct 2022, 9:41am

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If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. With that in mind, we've noticed some promising trends at Karoon Energy (ASX:KAR) so let's look a bit deeper.

Return On Capital Employed (ROC...

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