Qinhuangdao Port, a mature and steady operation, is unlikely to become a multi-bagger due to steady ROCE and level of capital employed. Investors seeking a multi-bagger may find better opportunities elsewhere.

Qinhuangdao Port's low P/E ratio is due to its three-year growth being lower than market forecast. Investors think the potential for earnings improvement doesn't justify a higher P/E ratio. If medium-term earnings trends persist, share price may not rise significantly soon.