Shanxi Lu'an Environmental Energy Development's consistent reinvestment at increasing rates of return and strong ROCE performance hint at its potential as a multi-bagger investment opportunity. Solid past returns and optimistic investor outlook further underscore this potential.

The market seems to have cooled on the stock despite its significant EPS growth and positive TSR. This might be reflected in its relatively low P/E ratio of 4.04. Recent improvements in TSR suggests an optimistic outlook on the company.