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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. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. With that in mind, the ROCE of Wesfarmers (ASX:WES) looks attractive right now, so lets see what the trend of returns...
>>> Read more: Wesfarmers (ASX:WES) Might Become A Compounding Machine
>>> Read more: Wesfarmers (ASX:WES) Might Become A Compounding Machine
