McDonald's: A Multi-Bagger in the Making with Rising ROCE and Capital Employed

McDonald's has a ROCE of 22%, outpacing the average of 11% in its industry. The company has seen a significant increase in returns on capital employed over the last five years, rising to 22%. The amount of capital employed has also increased by 23%. These trends suggest that McDonald's has the potential to be a multi-bagger, as it is reinvesting profits at increasing rates of return.