DSV A/S

A middle-of-the-pack grower that's speeding up. Earnings are outgrowing revenue, a sign of improving margins and operating leverage. Quality of growth is high even if the top line is moderate. The strongest point: revenue grew 5%/yr over the last 3 years and is set to grow 9%/yr from here. The one thing to watch: the long-term outlook is only average.

Short-term returns are strong but the long track record is thin. Momentum is building — confirmation from longer horizons would strengthen the case. The strongest point: strong recent results. The one thing to watch: the stock is underperforming so far this year.

A fairly-priced stock. Neither multiples nor yields stand out strongly. Value investors may want to wait for a better entry or look elsewhere. The strongest point: its forward P/E of 21x is 35% below that median, and its three-year P/E of 17x is 47% below. The one thing to watch: the earnings multiple is high.

Business quality is a weak point here. Profitability and capital efficiency lag the market. Better suited to value or turnaround angles than to quality strategies. The strongest point: consensus sees free cash flow growing from $3.1B to about $4.6B over the next 3 years. The one thing to watch: the net margin is thin.