China Zhenhua's low P/E ratio is due to its forecast growth being lower than the wider market. Investors believe the potential for earnings improvement doesn't justify a higher P/E ratio, potentially limiting future share price growth.

China Zhenhua's strong capability to enhance capital returns and reinvest, along with visible positive trends, gives it potential multi-bagger status. It's provided a striking return of 426% in the past five years, indicating investor confidence in sustained growth.

Considering the 519% return to shareholders over the last five years, China Zhenhua (Group) Science & Technology could have a promising future if it maintains these trends.