Lindsay's Return on Capital Employed Trends Not Encouraging

Lindsay (LNN) has a ROCE of 13%, which is close to the Machinery industry average of 11%. The company's returns on capital employed have remained stable at 13% over the past five years, despite a 49% increase in capital employed. While the returns are decent, they haven't changed much, and the stock has only gained 3.8% over the last five years for shareholders. Therefore, investors should further research the stock to determine if it has the potential to be a multi-bagger.