Kuehne + Nagel (KHNGY)
OTHER OTC:KHNGY
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Kuehne + Nagel
(OTC:KHNGY)
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Rating:61Neutral
Price Target:
$49.00
▲(12.23% Upside)
Action:Reiterated
Date:04/30/26
The score is driven mainly by steady but moderating fundamentals: profitability and cash flow remain solid, yet revenue softness, margin compression, and notably higher leverage temper quality. The earnings call adds modest support via raised guidance and ahead-of-plan savings, but is offset by YoY profit declines, working-capital pressure, and elevated uncertainty. Technicals and valuation are mixed, with neutral momentum and an attractive yield partially offset by a higher P/E.
Positive Factors
Strong free cash flow generation
Sustained TTM free cash flow (~CHF 1.48bn) and high FCF-to-net-income conversion indicate durable cash-generation capacity. This supports reinvestment, capex, and deleveraging potential even if revenue growth softens, underpinning financial flexibility over the medium term.
Negative Factors
Marked increase in leverage
Debt-to-equity jumping toward ~1.8 materially raises financial risk, reducing flexibility to absorb shocks and increasing interest and refinancing sensitivity. Higher leverage can amplify earnings volatility and constrain strategic investments if profitability doesn't recover meaningfully.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong free cash flow generation
Sustained TTM free cash flow (~CHF 1.48bn) and high FCF-to-net-income conversion indicate durable cash-generation capacity. This supports reinvestment, capex, and deleveraging potential even if revenue growth softens, underpinning financial flexibility over the medium term.
Read all positive factors
Kuehne + Nagel (KHNGY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$26.15B
Dividend Yield5.3%
Average Volume (3M)2.96K
Price to Earnings (P/E)22.1
Beta (1Y)0.69
Revenue Growth2.31%
EPS Growth-22.53%
CountryUS
Employees77,130
SectorIndustrials
Sector Strength72
IndustryIntegrated Freight & Logistics
Share Statistics
EPS (TTM)1.40
Shares Outstanding603,768,900
10 Day Avg. Volume2,733
30 Day Avg. Volume2,959
Financial Highlights & Ratios
PEG Ratio-0.93
Price to Book (P/B)9.41
Price to Sales (P/S)0.84
P/FCF Ratio13.30
Enterprise Value/Market Cap0.90
Enterprise Value/Revenue0.99
Enterprise Value/Gross Profit2.70
Enterprise Value/Ebitda11.08
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Kuehne + Nagel Business Overview & Revenue Model
Company Description
Kuehne + Nagel (KHNGY) is a global leader in logistics and supply chain management, providing services across various sectors including sea freight, air freight, contract logistics, and overland transportation. Established in 1890, the company has...
How the Company Makes Money
Kuehne + Nagel primarily makes money by arranging and managing the movement and storage of goods for customers and charging fees and margins for these services. A core revenue stream is freight forwarding in ocean and air freight: the company buys...
Kuehne + Nagel Earnings Call Summary
Earnings Call Date:Apr 24, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 23, 2026
Earnings Call Sentiment Neutral
The call presented a mixed picture: clear operational and financial positives including an EBIT beat, cost‑reduction progress ahead of plan, a raised lower bound to full‑year guidance, and strong unit performances in Road and Contract Logistics. These were offset by meaningful year‑over‑year declines in group EBIT and recurring EPS, a material FX headwind (~7%), working capital above target (6% intensity), weaker underlying free cash flow excluding one‑offs, and ongoing volatility from the Middle East conflict (capacity/bookings disruption and fuel risks). Management emphasized mitigation actions (charters, cost program, fuel pass‑throughs) and confidence in meeting savings targets, but macro and geopolitical uncertainties remain. Overall, positives and negatives are roughly balanced.Positive Updates
Recurring EBIT Beat and Guidance Adjustment
Recurring EBIT of CHF 308 million in Q1 2026 exceeded the guidance given at Q4 and management expectations; company modestly raised the lower end of full-year recurring EBIT guidance to CHF 1.25–1.40 billion (from CHF 1.20–1.40 billion).
Negative Updates
Year-over-Year Profitability Declines
Net effect in Q1 was a year-over-year decline of ~17% in group EBIT; recurring group EPS declined ~18% year-over-year on a comparable basis (excluding negative currency effects and one-time CHF 35 million real estate gain).
Read all updates
Q1-2026 Updates
Positive
Negative
Recurring EBIT Beat and Guidance Adjustment
Recurring EBIT of CHF 308 million in Q1 2026 exceeded the guidance given at Q4 and management expectations; company modestly raised the lower end of full-year recurring EBIT guidance to CHF 1.25–1.40 billion (from CHF 1.20–1.40 billion).
Read all positive updates
Company Guidance
Management raised 2026 recurring EBIT guidance to CHF 1.25–1.40 billion (up from CHF 1.20–1.40bn), supported by Q1 recurring EBIT of CHF 308m and the expectation that Q2 EBIT will exceed Q1; they retain assumptions of a 5% currency translation headwind and a 25% effective tax rate and expect global sea/air demand to grow no faster than GDP. The cost‑reduction program targets >CHF 200m annualized gross savings by year‑end 2026 (ambition ~CHF50m/quarter, with >50% of that quarterly run‑rate achieved in Q1 and at least CHF 100m of impact expected in 2026). Q1 free cash flow was CHF 194m (CHF 89m excluding CHF 105m real‑estate proceeds) with underlying free‑cash‑flow conversion at 40% (Q1 historical average 48%); net working capital rose to >CHF 1.5bn (+9% q/q) and NWC intensity is ~6% (above the 4.5–5.5% corridor). Management also flagged expected ramp of savings through 2026 and material AI productivity traction from 2027.Kuehne + Nagel Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
54
Neutral
Cash Flow
71
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 23.71B | 24.48B | 24.80B | 23.85B | 39.40B | 32.80B |
| Gross Profit | 8.67B | 8.80B | 8.67B | 8.79B | 5.96B | 5.38B |
| EBITDA | 2.12B | 2.19B | 2.50B | 2.76B | 4.60B | 3.70B |
| Net Income | 834.85M | 882.00M | 1.18B | 1.43B | 2.64B | 2.03B |
Balance Sheet | ||||||
| Total Assets | 11.86B | 11.93B | 11.72B | 10.97B | 14.75B | 14.65B |
| Cash, Cash Equivalents and Short-Term Investments | 749.00M | 750.00M | 1.15B | 2.07B | 3.78B | 2.31B |
| Total Debt | 3.62B | 3.96B | 2.35B | 1.82B | 1.70B | 1.89B |
| Total Liabilities | 9.36B | 9.71B | 8.46B | 7.81B | 10.60B | 11.44B |
| Stockholders Equity | 2.47B | 2.18B | 3.26B | 3.15B | 4.14B | 3.20B |
Cash Flow | ||||||
| Free Cash Flow | 1.48B | 1.54B | 1.18B | 1.39B | 4.16B | 2.26B |
| Operating Cash Flow | 1.70B | 1.78B | 1.48B | 1.70B | 4.40B | 2.46B |
| Investing Cash Flow | -140.00M | -731.00M | -452.00M | -243.00M | -223.00M | -1.08B |
| Financing Cash Flow | -1.63B | -1.59B | -1.91B | -3.12B | -2.64B | -800.00M |
Kuehne + Nagel Technical Analysis
Negative
43.66
Price Trends
44.58
Negative
44.57
Negative
41.96
Positive
Market Momentum
-0.35
Positive
45.56
Neutral
16.75
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KHNGY, the sentiment is Negative. The current price of 43.66 is below the 20-day moving average (MA) of 44.97, below the 50-day MA of 44.58, and above the 200-day MA of 41.96, indicating a neutral trend. The MACD of -0.35 indicates Positive momentum. The RSI at 45.56 is Neutral, neither overbought nor oversold. The STOCH value of 16.75 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KHNGY.
Kuehne + Nagel Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $20.50B | 20.83 | 36.71% | 1.02% | 1.13% | 2.62% | |
71 Outperform | $88.22B | 22.26 | 15.76% | 1.94% | 4.69% | 17.55% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | $26.15B | 22.08 | 38.68% | 5.30% | 2.31% | -22.53% | |
60 Neutral | $20.01B | 33.78 | 33.32% | 1.51% | -6.68% | 18.19% | |
58 Neutral | $81.20B | 24.20 | 33.03% | 6.55% | -2.59% | -9.78% | |
57 Neutral | $23.54B | 56.34 | 19.04% | ― | 3.63% | -11.81% |
* Industrials Sector Average
KHNGY
Kuehne + Nagel
44.02
-2.38
-5.13%
CHRW
CH Robinson
180.64
85.27
89.41%
EXPD
Expeditors International
158.42
46.32
41.32%
XPO
XPO
210.73
90.10
74.69%
FDX
FedEx
386.84
174.74
82.39%
UPS
United Parcel
98.87
9.19
10.25%
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.