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Kuehne + Nagel International AG (CH:KNIN)
:KNIN
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Kuehne + Nagel International AG
(KNIN)
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Rating:63Neutral
Price Target:
CHF180.00
▲(4.93% Upside)
Kuehne + Nagel's overall score reflects a stable financial performance with strong profitability margins and a robust equity base. However, technical indicators suggest the stock is overbought, and recent earnings call insights reveal ongoing financial pressures despite some operational successes. The valuation remains reasonable with a solid dividend yield.
Positive Factors
Market Share Expansion
Expanding market share in key logistics segments indicates strong competitive positioning, enhancing long-term growth potential and resilience against market fluctuations.
Improved Free Cash Flow Conversion
Improved cash flow conversion enhances financial flexibility, allowing for strategic investments and debt management, supporting sustainable business operations.
Contract Logistics Performance
Growth in contract logistics EBIT demonstrates operational efficiency and the ability to capitalize on demand for integrated supply chain solutions, bolstering revenue streams.
Negative Factors
Decline in Group EBIT and EPS
Declining EBIT and EPS reflect operational challenges and market pressures, potentially impacting profitability and necessitating strategic adjustments.
Yield Pressure in Sea and Air Logistics
Yield pressure in core logistics segments indicates competitive pricing and margin compression, challenging revenue growth and profitability.
Cost Reduction Measures
Significant cost reduction measures suggest ongoing financial pressures, potentially impacting service quality and operational capabilities if not managed carefully.
Kuehne + Nagel International AG (KNIN) vs. iShares MSCI Switzerland ETF (EWL)
Market Cap
CHF20.37B
Dividend Yield4.81%
Average Volume (3M)257.52K
Price to Earnings (P/E)19.8
Beta (1Y)0.98
Revenue Growth6.54%
EPS Growth-10.57%
CountryCH
Employees77,130
SectorServices
Sector StrengthN/A
IndustryIntegrated Freight & Logistics
Share Statistics
EPS (TTM)1.63
Shares Outstanding120,753,784
10 Day Avg. Volume223,760
30 Day Avg. Volume257,519
Financial Highlights & Ratios
PEG Ratio-1.20
Price to Book (P/B)7.55
Price to Sales (P/S)0.99
P/FCF Ratio20.87
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
CHF153.33Price Target Upside-10.62% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering10
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Kuehne + Nagel International AG Business Overview & Revenue Model
Company DescriptionKuehne + Nagel International AG, together with its subsidiaries, provides integrated logistics services worldwide. The company operates through Sea Logistics, Air Logistics, Road Logistics, and Contract Logistics segments. It provides less-than-container load, reefer and project logistics, cargo insurance, full container shipping solutions, and customs clearance services. In addition, the company offers time-critical solutions, sea-air and time-defined products, airside and charter services, and time-critical solutions. Further, it provides aftermarket, production, and E commerce logistics, and distribution, packaging, process solutions. In addition, the company offers supply chain consulting and order management services. It serves aerospace, automotive, mobility, consumer, healthcare, high-tech, industrial, and perishables industries. The company was founded in 1890 and is based in Schindellegi, Switzerland. Kuehne + Nagel International AG is a subsidiary of Kuehne Holding AG.
How the Company Makes MoneyKuehne + Nagel generates revenue primarily through its logistics services, which are segmented into several key areas: sea freight, air freight, and contract logistics. Sea and air freight services contribute significantly to the company's earnings through the transportation and handling of goods across international borders. Contract logistics involves the management of entire supply chains for clients, providing warehousing, distribution, and value-added services. Additionally, the company earns revenue from customs brokerage and other ancillary services. Strategic partnerships with shipping lines, airlines, and technology providers enhance its service offerings and operational efficiency, further driving revenue growth. The company's focus on digitalization and sustainable logistics solutions also positions it to capitalize on emerging market trends.
Kuehne + Nagel International AG Earnings Call Summary
Earnings Call Date:Oct 23, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Mar 03, 2026
Earnings Call Sentiment Negative
The earnings call reflected a challenging environment with notable declines in earnings and pressure on logistics yields. Despite these challenges, Kuehne + Nagel managed to expand its market share and improve cash flow conversion. However, significant cost reduction measures indicate ongoing financial pressures.Q3-2025 Updates
Positive Updates
Market Share Expansion
Kuehne + Nagel significantly expanded its global market share in Air Logistics and the SME segment in Sea Logistics despite challenging market conditions.
Improved Free Cash Flow Conversion
Free cash flow conversion improved to 105% in Q3, the first time it exceeded 100% since Q3 2022.
Contract Logistics Performance
Contract Logistics produced an EBIT of CHF 62 million in Q3, reflecting a 9% year-over-year EBIT growth or 12% excluding currency effects.
Negative Updates
Decline in Group EBIT and EPS
Group EBIT declined by 13% year-over-year, excluding currency effects, with Sea and Air Logistics combined EBIT down 16%. Group EPS declined 18% year-over-year or 15% excluding currency effects.
Yield Pressure in Sea and Air Logistics
Sea Logistics volume grew by only 2% in Q3, missing aspirations, with EBIT reflecting yield pressure. Air Logistics yields declined by 6% Q-on-Q due to excess capacity.
Cost Reduction Measures
In response to financial performance, the company announced measures to reduce recurring operation costs by at least CHF 200 million over the coming quarters.
Currency Impact
Negative currency impact of 4% in the third quarter alone, equating to CHF 85 million.
Company Guidance
During the Kuehne + Nagel Q3 2025 results call, the company discussed several key metrics and strategic actions. Year-to-date group EBIT decreased by 13% year-over-year, excluding currency effects, with Sea and Air Logistics combined EBIT down 16%. The conversion rate for these segments was 28% for the first nine months of 2025. The company reported a group EPS decline of 18% year-over-year, or 15% when excluding currency effects. Despite challenges, Kuehne + Nagel expanded its market share in Air Logistics and the SME segment in Sea Logistics. Free cash flow conversion improved to 105% in Q3, marking the first time since Q3 2022 that it exceeded 100%. The company announced a cost reduction program targeting CHF 200 million in savings to address the challenging market environment. Additionally, Kuehne + Nagel is set to acquire Partners Group's 24.9% stake in Apex, expected to settle in Q4 2025, financed by bank loans. The company adjusted its 2025 recurring EBIT guidance to greater than CHF 1.3 billion, excluding nonrecurring items.Kuehne + Nagel International AG Financial Statement Overview
Summary
Kuehne + Nagel International AG demonstrates strong financial performance with significant revenue and cash flow growth. The company maintains a healthy gross profit margin and strong cash generation capabilities. However, increased leverage and slightly decreased margins pose potential risks.Income Statement
Kuehne + Nagel International AG shows strong revenue growth with a 40.2% increase in TTM, indicating robust demand. However, margins have slightly decreased compared to the previous year, with a net profit margin of 4.47% and an EBIT margin of 6.37%. Despite this, the company maintains a healthy gross profit margin of 34.29%, reflecting efficient cost management.65
Positive
Balance Sheet
The company's debt-to-equity ratio has increased to 1.77 in TTM, suggesting higher leverage, which could pose a risk if not managed carefully. However, the return on equity remains strong at 41.84%, indicating effective use of equity to generate profits. The equity ratio is not available, but overall, the balance sheet shows a mix of strengths and potential risks.70
Positive
Cash Flow
Free cash flow growth is impressive at 143.3% in TTM, highlighting strong cash generation capabilities. The operating cash flow to net income ratio is 0.26, and the free cash flow to net income ratio is 0.86, indicating efficient conversion of earnings into cash. This strong cash flow performance supports the company's financial flexibility.60
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 25.28B | 24.80B | 23.85B | 39.40B | 32.80B | 20.38B |
| Gross Profit | 7.28B | 8.67B | 3.15B | 5.96B | 5.38B | 3.40B |
| EBITDA | 2.35B | 2.49B | 2.75B | 4.59B | 3.69B | 1.81B |
| Net Income | 1.02B | 1.18B | 1.43B | 2.64B | 2.03B | 788.00M |
Balance Sheet | ||||||
| Total Assets | 11.84B | 11.72B | 10.97B | 14.75B | 14.65B | 9.85B |
| Cash, Cash Equivalents and Short-Term Investments | 603.00M | 1.15B | 2.01B | 3.78B | 2.31B | 1.70B |
| Total Debt | 3.25B | 2.35B | 1.82B | 1.70B | 1.89B | 1.99B |
| Total Liabilities | 9.73B | 8.46B | 7.81B | 10.60B | 11.44B | 7.44B |
| Stockholders Equity | 2.08B | 3.26B | 3.15B | 4.14B | 3.20B | 2.41B |
Cash Flow | ||||||
| Free Cash Flow | 1.45B | 1.18B | 1.39B | 4.16B | 2.26B | 1.53B |
| Operating Cash Flow | 1.69B | 1.48B | 1.70B | 4.40B | 2.46B | 1.72B |
| Investing Cash Flow | -727.00M | -452.00M | -243.00M | -223.00M | -1.08B | 158.00M |
| Financing Cash Flow | -1.59B | -1.91B | -3.12B | -2.64B | -800.00M | -1.04B |
Kuehne + Nagel International AG Technical Analysis
Positive
171.55
Price Trends
159.68
Positive
160.63
Positive
171.02
Positive
Market Momentum
4.38
Negative
64.02
Neutral
43.90
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:KNIN, the sentiment is Positive. The current price of 171.55 is above the 20-day moving average (MA) of 167.79, above the 50-day MA of 159.68, and above the 200-day MA of 171.02, indicating a bullish trend. The MACD of 4.38 indicates Negative momentum. The RSI at 64.02 is Neutral, neither overbought nor oversold. The STOCH value of 43.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CH:KNIN.
Kuehne + Nagel International AG Peers Comparison
UnderperformOutperform
Sector (55)
CH:KNIN
Kuehne + Nagel International AG
171.55
-26.64
-13.44%
CH:ADEN
Adecco Group AG
22.42
1.22
5.75%
CH:DKSH
DKSH Holding AG
56.80
-8.69
-13.27%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.