Multibagger Stocks For 2022 – Best Stocks With Above 100% Returns Over Past Year
It is true that most investors prefer a sustainable investment approach where they grow their portfolio gradually and slowly. However, who isn't attracted to the idea of buying high-growth assets that can generate returns of over 100% in a short period of time? Many of these multi-baggers have been known to generate over 1000% returns in two to three years, a number you cannot easily beat.
In this article, we have listed some of the best multi-bag stocks in 2022 that have returned more than 100% in the last 12 months since November 6, 2022. Note that these stocks performed well during the financial crisis when many large blue chip stocks fell. Most of the companies on the list of best multi-bag stocks belong to the energy, utilities and healthcare sectors.
What is a multi-bag stack?
Multibagger actions are actions that distribute large returns over a period of time that exceed 100%, 500% or 1000%. These profitable products are called "multi-packs" because the prices have increased several times from the original price. Overall, these stocks have strong fundamentals, but are undervalued with great upside potential.
The best multi-bag promotions of 2022
1. Lantheus Holdings (LNTH)
Lantheus Holdings is one of the best stocks to buy today, with gains of over 109% over the past twelve months.
The medical company specializes in the development of therapeutic and diagnostic imaging products for cardiovascular disease, cancer and other diseases. It produces many prominent medical products and products, including ultrasound amplifiers, humanized antibodies, injectable imaging agents, non-pharmaceutical radiochemicals, and artificial intelligence-based medical software.
Lantheus Holdings operates through US and international segments covering Canada, Europe, Australia and Asia Pacific.
Today, the company has a total market capitalization of more than $4.7 billion, or approximately 68 million shares. The earnings report shows gross income of $187 million year-over-year and quarterly revenue growth of approximately 134%. Money US News reports that Lantheus Holdings has an average debt ratio, average operating margin (ATM) and average revenue of $801 million.
2. PBF Energy (PBF)
PBF Energy Inc is another of the best multi-bag stocks in 2022 with an annualized return of nearly 200% since November 6, 2022.
It is a New Jersey energy company that refines and distributes various petroleum products. PBF Inc supplies gasoline, diesel, lubricants, low sulfur diesel, petrochemicals and many other fuels to parts of the United States, Canada and Mexico. The company also integrates the logistics sector and offers rail, road and sea transport and warehousing services.
Currently, PBF Energy Inc. total market capitalization of 5.7 billion and has more than 109 million shares outstanding. The company documented exceptional cash flow of $1.21 billion on September 22nd, up from $200 million on September 21st. It also recorded $44.2 billion in average revenue (ATR) and quarterly revenue growth of 77.6%.
3. Western Oil (OXY)
Occidental Petroleum is a Texas-based company engaged in the exploration and development of oil and gas assets in the United States, the Middle East and Latin America. It specializes in the exploration and production of liquefied natural gas, petroleum, natural gas and many key market chemicals such as chlorine, caustic soda, potassium and other compounds. The energy company is also engaged in the processing, transportation and sale of liquefied petroleum gas, oil, natural gas, condensate and electricity. Occidental Petroleum manages these operations through three separate entities: Oil & Gas, Chemicals and Medium & Marketing.
OXY is one of the best multi-bag stocks in 2022 with a year-over-year growth rate of over 110% and an all-time growth rate of over 670%. It has a market cap of over $68 billion and year-to-date revenue of over $33.7 billion. Additionally, the company has a profit margin of 32.60% and a P/E ratio of 7.20.
4. CONSOL Energy (CEIX)
CONSOL Energy is another great energy stock that has experienced phenomenal growth over the past year. As of November 6, 2022, these multi-bag stocks are up more than 160% over the past twelve months.
CONSOL Energy Inc. was founded in 1864 and is an American company specializing in the production of bituminous coal. It operates through two main segments: PAMC and CONSOL Marine Terminal, among others. The PAMC organization is engaged in the mining, processing and marketing of thermal coal, while the Marine Terminals segment provides terminal services for the export of coal. In addition, the company's flagship, the Pennsylvania Mining Complex (PAMC), has the capacity to mine 28.5 million tons of coal per year, which includes 3 major underground mines: the Enlow Fork Mine, the Bailey Mine, and the Harvey Mine.
CONSOL Energy currently has a total market cap of 2.3 billion with 39 million shares outstanding. The company generated $2 trillion in revenue last year, which Money US News called "above average." Moreover, the quarterly revenue growth is 80.5%.
5. International Seaways (INSW)
International Seaways is among the top performers over the past 12 months. It is one of the best multi-bag stocks of 2022 with a growth rate of nearly 145% over the past year.
International Seaways Inc has a fleet of marine vessels for the transportation of crude oil and petroleum products. The New York-based company operates through two segments: tankers and product trucking, serving state-owned oil companies, oil traders, refinery operators and international government organizations.
According to its official website, International Seaways owns and operates a fleet of 78 vessels, including 13 VLCCs of which three are newbuilds, 13 Suezmax, five Aframax/LR2, eight Panamax/LR1 and 39 MR tankers.
At the time of writing, INSW has a market capitalization of over $2 billion with nearly 36 million shares outstanding. The company's earnings report shows revenue of about $470 million (TTM), representing 306% quarterly revenue growth.
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