Heineken N.V.

A middle-of-the-pack grower. 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: earnings are set to grow in step with sales. The one thing to watch: forward revenue growth is only about average.

A poor multi-year track record but a sharp recent rally. Momentum is turning up, yet the trend is young and unproven — it needs follow-through to confirm rather than fade. The strongest point: it's up 23% over the past year, now sitting right at its 52-week high. The one thing to watch: the multi-year record is weak.

A fairly-priced stock. Free cash flow yield is a standout while valuation multiples remain favorable. Income plus rerating potential in one package. The strongest point: its current P/E of 20x is 12% below its own 23x historical median P/E. The one thing to watch: weak growth or quality could make this a value trap.

A middle-of-the-pack business on quality. Margins, returns and balance sheet sit around the market average. Workable, but not a standout on business quality. The strongest point: best on free cash flow margin at 13%, better than 60% of companies worldwide. The one thing to watch: leverage is high.