The declining ROCE trend at Utz Brands does not inspire confidence. Despite the stock's impressive gain over the past five years, if the underlying trends persist, it's unlikely to be a multi-bagger going forward.

The asset sale by Utz Brands to Our Home is seen as a strategic move to reduce long-term debt and lower interest expenses, which could potentially enhance the company's financial performance in the long run.

Despite optimistic future growth, Utz Brands' high share price exceeds industry multiples, suggesting it's not a bargain for investors. Consider waiting for a price drop before buying.

The decline in Utz Brands' ROCE, paired with increased capital usage without a sales lift, casts a shadow over its financial health. The fact that reinvestment is not leading to an increase in returns is unsettling and, along with a bleak outlook, could explain a decrease in stock value over the past three years.