Saudi Arabia
SASE:4030
Slowing Rates Of Return At National Shipping Company of Saudi Arabia (TADAWUL:4030) Leave Little Room For Excitement
By
April 05, 2021 To find a multi-bagger stock, what are the underlying trends we should look for in a business? 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. This shows us that it s a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. In light of that, when we looked at
National Shipping Company of Saudi Arabia (TADAWUL:4030) and its ROCE trend, we weren t exactly thrilled.