The company's consistent ROCE and increased capital employed suggest that its investments are not yielding a high return on capital. Given these trends, the likelihood of Shenzhen Jufei Optoelectronics being a multi-bagger from here isn't high.

There's some ambiguity about Shenzhen Jufei Optoelectronics' performance due to its low rate of return likely hampering its earnings growth despite a reasonably high rate of profit retention.