Ryanair Holdings plc

A middle-of-the-pack grower that is slowing. Growth is still healthy but the forward pace is below the historical rate. Fits growth strategies, with deceleration as the key watch-item. The strongest point: revenue grew 15%/yr over the last 3 years, ahead of 70% of companies worldwide. The one thing to watch: earnings are forecast to fall.

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. Free cash flow yield is a standout while valuation multiples remain favorable. Income plus rerating potential in one package. The strongest point: its three-year P/E of 11x is 15% below that median. The one thing to watch: it trades above its own historical P/E.

A genuinely high-quality business. Profitability and capital efficiency rank well above the market. A solid quality holding, with one or two softer spots to watch. The strongest point: profits generally climb, but with some real dips along the way. The one thing to watch: free cash flow is set to fall.