TWE News: Treasury Wine Estates (ASX:TWE) Has Some Way To Go To Become A Multi-Bagger - 31st May 2023, 3:58pm

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If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for? Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expanding 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. So, when we ran our eye over Treasury Wine Estates' (ASX:TWE) trend of ROCE, we liked what we s...

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