Changqing Machinery Stock Forum

The company's stable ROCE despite increased capital employed suggests low return investments. High current liabilities indicate suppliers or short-term creditors are funding a significant part of the business, posing risks. The stock's 1.9% gain over five years may indicate investors accounting for these factors.

Changqing Machinery's low P/E ratio is due to its three-year growth being lower than market forecast. Investors believe the potential for earnings improvement doesn't justify a higher P/E ratio. If medium-term earnings trends persist, a strong share price rise seems unlikely.

Changqing Machinery's reinvestment strategy hasn't yielded significant returns. The company's chances of multiplying its value are low due to current trends. High current liabilities also raise concerns.