Skip to Content
Morningstar

Kerry Logistics Network Ltd 00636

Morningstar Rating
Unlock
Stock XHKG Rating as of
HKD 7.46 −0.26 (3.37%)
View Full Chart
As of Delayed Price Closed
Unlock our analysis with Morningstar Investor
Start Free Trial

Company Report

View Archive

Kerry Logistics: Fair Value Estimate Cut by 22% After Diving Deeper Into 2023 Results

Chelsey Tam

We cut Kerry Logistics Network’s, or KLN’s, fair value estimate to HKD 10.30 per share from HKD 13.20 after taking a refreshed look at our assumptions on minority interests, the share of results of associates and joint ventures, and working capital. Our new fair value estimate also considers KLN's higher net debt position in 2023, which increased to HKD 2.3 billion from net cash in 2022. We think KLN continues to be undervalued, and an eventual recovery in global demand for goods will drive its share price performance.

Read Full Report

Price vs Fair Value

View History
00636 is trading at a 25% discount.
Price
HKD 7.72
Fair Value
HKD 64.50
Uncertainty
High
1-Star Price
HKD 75.53
5-Star Price
HKD 6.67
Economic Moat
Vrdlm
Capital Allocation
Rmphfxy

Bulls Say, Bears Say

Bulls

More or faster-than-expected cooperation between KLN and SF is implemented, boosting revenue and reducing costs for KLN.

Bears

Sales and/or operational integration with SF is limited or delayed, hurting revenue and profit growth at KLN.

Show More
Is it the right time to buy, sell, or hold?
Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if 00636 is a good fit for your portfolio.
Get 7 Days Free

Trading Information

Previous Close Price
HKD 7.72
Day Range
HKD 7.40–7.69
52-Week Range
HKD 6.30–11.48
Bid/Ask
HKD 7.46 / HKD 7.49
Market Cap
HKD 13.48 Bil
Volume/Avg
429,768 / 523,364

Key Statistics

Price/Earnings (Normalized)
11.97
Price/Sales
0.30
Dividend Yield (Trailing)
6.09%
Dividend Yield (Forward)
6.09%
Total Yield
6.09%

Company Profile

Kerry Logistics Network, or KLN, is a leading Asian diversified logistics service provider with a global presence. KLN is the number one non-vessel operating common carrier, or NVOCC, by volume for transpacific trades in 2022. Its business consists of international freight forwarding (air freight, ocean freight, and cross-border road freight forwarding services), integrated logistics mainly across Asia, and e-commerce and express delivery services. KLN has been majority owned by and consolidated under the international segment of China’s leading logistics company S.F. Holding, or SF, since September 2021.
Sector
Industrials
Industry
Integrated Freight & Logistics
Stock Style Box
Mid Value
Total Number of Employees
33,100
Website
https://www.kln.com

Competitors

Valuation

View More
Metric
00636
DHL
EXPD
Price/Earnings (Normalized)
 11.9712.8821.69
Price/Book Value
 0.832.016.91
Price/Sales
 0.300.571.85
Price/Cash Flow
 3.295.7519.87
Price/Earnings
00636
DHL
EXPD

Financial Strength

Metric
00636
DHL
EXPD
Quick Ratio
 1.510.741.79
Current Ratio
 1.550.952.02
Interest Coverage
 4.557.22197.79
Quick Ratio
00636
DHL
EXPD

Profitability

Metric
00636
DHL
EXPD
Return on Assets (Normalized)
 3.37%5.51%16.17%
Return on Equity (Normalized)
 8.64%16.07%29.03%
Return on Invested Capital (Normalized)
 5.59%9.19%22.87%
Return on Assets
00636
DHL
EXPD
See how this stock stacks up to its competitors with Morningstar Investor
Start Free Trial

Integrated Freight & Logistics Industry Comparables

Screen in Investor
Ticker
Name
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
UPS
United Parcel Service Inc Class BYbkjchwcQckvv$121.8 Bil
FDX
FedEx CorpQwrydgjnDqrxrt$64.8 Bil
DPSTF
DHL Group—Ycbfdm$48.2 Bil
DHLGY
DHL Group ADRVhdwrmpDjhsfc$48.2 Bil
JBHT
JB Hunt Transport Services IncQpbwzczqDvlhkh$16.9 Bil
EXPD
Expeditors International of Washington IncYmkwltjgyQqc$16.3 Bil
ZTO
ZTO Express (Cayman) Inc ADRYnkdmccvnqXznbvh$15.9 Bil
CHRW
C.H. Robinson Worldwide IncRhzwypxhVmzc$8.1 Bil
LSTR
Landstar System IncYxvhfgkgrvBnxcd$6.0 Bil
HUBG
Hub Group Inc Class ATkkrmzmqZvpzt$2.4 Bil

Sponsor Center