The trend of decreasing ROCE at Huaibei Mining HoldingsLtd does not inspire confidence. Despite the stock gaining 94% over the last five years, unless the underlying trends turn more positive, the future outlook may not be as promising.

The EPS growth outshines the yearly share price gain of 12%, indicating a cautious market sentiment towards the stock, reflected in its low P/E ratio of 6.34. The company's recent performance suggests business momentum, warranting a deeper look into its fundamentals.

Investors are pessimistic about Huaibei Mining's potential for earnings improvement. The meagre outlook is perceived as a burden on the share price, making a significant rise unlikely soon.

Despite reinvestment efforts, sales growth is lukewarm. Reduced current liabilities at Huaibei Mining may impede ROCE generation. Low likelihood of it becoming a multi-bagger given underlying trends.