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Kuehne + Nagel International AG KNIN

Morningstar Rating
CHF 258.90 +2.90 (1.13%)
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Company Report

A Subdued 2024 Awaits Third-Party Logistics Giant Kuehne + Nagel

Kuehne + Nagel is the second-largest third-party logistics provider globally, with an estimated 5% share of a highly fragmented market. As a freight forwarder, KN contracts with airlines and ocean carriers for cargo space and then fills that capacity with customers' freight. KN’s strong suit lies in sea freight, where it is the largest operator globally and where its margins are the highest across the four divisions in the group. The company has indicated its willingness to reduce its reliance on the sea freight division by expanding the other businesses in the group, which we believe will strengthen the client offering and ultimately KN's network. Restructuring of the overland and contract logistics businesses has resulted in improved margins and increasing EBIT contributions. We believe there is further room for improvement in these businesses.

Price vs Fair Value

KNIN is trading at a 892% premium.
Price
CHF 256.00
Fair Value
CHF 444.00
Uncertainty
Medium
1-Star Price
CHF 798.00
5-Star Price
CHF 351.00
Economic Moat
Yqcnrc
Capital Allocation
Dhglmmk

Bulls Say, Bears Say

Bulls

KN has been in existence for more than 130 years and controls around 20% of global sea freight.

Bears

Sporadic supply gluts among air and ocean cargo carriers add volatility to KN's buy-and-sell rates.

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News

Trading Information

Previous Close Price
CHF 256.00
Day Range
CHF 256.00259.30
52-Week Range
CHF 234.50301.90
Bid/Ask
CHF 260.00 / CHF 260.00
Market Cap
CHF 30.63 Bil
Volume/Avg
110,555 / 215,778

Key Statistics

Price/Earnings (Normalized)
23.96
Price/Sales
1.36
Dividend Yield (Trailing)
3.91%
Dividend Yield (Forward)
3.91%
Total Yield
5.62%

Company Profile

Kuehne + Nagel is a global transportation and logistics company based in Switzerland and founded in 1890. KN is the largest sea freight forwarder globally, and holds the number-two spot in air freight. Sea freight has traditionally constituted the largest part of the business, contributing almost half of group revenue in 2022. The company's goal is to become a more balanced, fully integrated freight forwarder while continually improving its end-to-end offering to its clients.
Sector
Industrials
Industry
Integrated Freight & Logistics
Stock Style Box
Large Value
Total Number of Employees
93,064

Competitors

Valuation

Metric
KNIN
EXPD
CHRW
Price/Earnings (Normalized)
23.9623.3927.68
Price/Book Value
8.747.957.02
Price/Sales
1.362.050.59
Price/Cash Flow
17.2322.4522.41
Price/Earnings
KNIN
EXPD
CHRW

Financial Strength

Metric
KNIN
EXPD
CHRW
Quick Ratio
1.151.611.30
Current Ratio
1.191.851.37
Interest Coverage
49.9118.50
Quick Ratio
KNIN
EXPD
CHRW

Profitability

Metric
KNIN
EXPD
CHRW
Return on Assets (Normalized)
10.74%15.73%6.56%
Return on Equity (Normalized)
38.22%28.92%25.22%
Return on Invested Capital (Normalized)
24.39%22.39%10.70%
Return on Assets
KNIN
EXPD
CHRW
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