Kuehne + Nagel International
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Kuehne + Nagel International AG, together with its subsidiaries, provides integrated logistics services worldwide. The last earnings update was 82 days ago. More info.
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KNIN Share Price and Events
7 Day Returns
1 Year Returns
KNIN Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Kuehne + Nagel International (KNIN) | 0.7% | 7.4% | -0.7% | -7% | 5.5% | 18.7% |
| Europe Shipping | -0.7% | 7.1% | -3.4% | -4.1% | 6.7% | -22.8% |
| CH Market | -1.6% | -0.2% | 1.8% | 4.3% | 14.3% | 13.4% |
1 Year Return vs Industry and Market
- KNIN underperformed the Shipping industry which returned -4.1% over the past year.
- KNIN underperformed the Market in Switzerland which returned 4.3% over the past year.
KNIN Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Kuehne + Nagel International
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Kuehne + Nagel International.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 18 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 8.4% |
| Perpetual Growth Rate | 10-Year CH Government Bond Rate | 3.3% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year CH Govt Bond Rate | 3.3% |
| Equity Risk Premium | S&P Global | 6% |
| Shipping Unlevered Beta | Simply Wall St/ S&P Global | 0.71 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.712 (1 + (1- 18%) (12.43%)) |
0.856 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.86 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.28% + (0.856 * 5.96%) |
8.37% |
Discounted Cash Flow Calculation for SWX:KNIN using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Kuehne + Nagel International is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (CHF, Millions) | Source |
Present Value Discounted (@ 8.37%) |
|
|---|---|---|---|
| 2020 | 819.00 | Analyst x8 | 755.71 |
| 2021 | 840.83 | Analyst x6 | 715.91 |
| 2022 | 987.00 | Analyst x2 | 775.42 |
| 2023 | 1,081.50 | Analyst x2 | 784.01 |
| 2024 | 1,161.34 | Est @ 7.38% | 776.84 |
| 2025 | 1,232.77 | Est @ 6.15% | 760.90 |
| 2026 | 1,297.96 | Est @ 5.29% | 739.23 |
| 2027 | 1,358.75 | Est @ 4.68% | 714.05 |
| 2028 | 1,416.65 | Est @ 4.26% | 686.96 |
| 2029 | 1,472.83 | Est @ 3.97% | 659.01 |
| Present value of next 10 years cash flows | CHF7,368.04 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2029
× (1 + g) ÷ (Discount Rate – g)
= CHF1,472.83 × (1 + 3.28%) ÷ (8.37% – 3.28%) |
CHF29,829.18 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= CHF29,829.18 ÷ (1 + 8.37%)10 |
CHF13,346.90 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= CHF7,368.04 + CHF13,346.90 |
CHF20,714.94 |
| Equity Value per Share (CHF) |
= Total value / Shares Outstanding
= CHF20,714.94 / 119.73 |
CHF173.01 |
| Calculation | Result | |
|---|---|---|
| Value per share (CHF) | From above. | CHF173.01 |
| Current discount | Discount to share price of
CHF143.95
= -1 x (CHF143.95 - CHF173.01) / CHF173.01 |
16.8% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Kuehne + Nagel International's share price is below the future cash flow value, but not at a moderate discount (< 20%).
- Kuehne + Nagel International's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Kuehne + Nagel International's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Kuehne + Nagel International's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in CHF | CHF6.40 |
| SWX:KNIN Share Price ** | SWX (2019-07-16) in CHF | CHF143.95 |
| Europe Shipping Industry PE Ratio | Median Figure of 21 Publicly-Listed Shipping Companies | 12.86x |
| Switzerland Market PE Ratio | Median Figure of 174 Publicly-Listed Companies | 18.02x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Kuehne + Nagel International.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = SWX:KNIN Share Price ÷ EPS (both in CHF) = 143.95 ÷ 6.40 |
22.48x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Kuehne + Nagel International is overvalued based on earnings compared to the Europe Shipping industry average.
- Kuehne + Nagel International is overvalued based on earnings compared to the Switzerland market.
Price based on expected Growth
Does
Kuehne + Nagel International's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 22.48x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts |
7.9%per year |
| Europe Shipping Industry PEG Ratio | Median Figure of 12 Publicly-Listed Shipping Companies | 0.89x |
| Switzerland Market PEG Ratio | Median Figure of 124 Publicly-Listed Companies | 2.22x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 22.48x ÷ 7.9% |
2.84x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Kuehne + Nagel International is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Kuehne + Nagel International's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in CHF | CHF20.59 |
| SWX:KNIN Share Price * | SWX (2019-07-16) in CHF | CHF143.95 |
| Europe Shipping Industry PB Ratio | Median Figure of 30 Publicly-Listed Shipping Companies | 0.77x |
| Switzerland Market PB Ratio | Median Figure of 215 Publicly-Listed Companies | 1.66x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = SWX:KNIN Share Price ÷ Book Value per Share (both in CHF) = 143.95 ÷ 20.59 |
6.99x |
* Primary Listing of Kuehne + Nagel International.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Kuehne + Nagel International is overvalued based on assets compared to the Europe Shipping industry average.
Value checks
We assess Kuehne + Nagel International's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Shipping industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Shipping industry average (and greater than 0)? (1 check) Kuehne + Nagel International has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
KNIN Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Kuehne + Nagel International's earnings growth is expected to exceed the low risk savings rate of 3.3%.
Growth vs Market Checks
- Kuehne + Nagel International's earnings growth is positive but not above the Switzerland market average.
- Kuehne + Nagel International's revenue growth is expected to exceed the Switzerland market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| SWX:KNIN Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts | 7.9% |
| SWX:KNIN Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 18 Analysts | 4.1% |
| Europe Shipping Industry Earnings Growth Rate | Market Cap Weighted Average | 20.1% |
| Europe Shipping Industry Revenue Growth Rate | Market Cap Weighted Average | 4.3% |
| Switzerland Market Earnings Growth Rate | Market Cap Weighted Average | 10.8% |
| Switzerland Market Revenue Growth Rate | Market Cap Weighted Average | 3.9% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 18 Analyst Estimates (S&P Global) | See Below |
| Date (Data in CHF Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 25,745 | 1,923 | 1,086 | 2 |
| 2022-12-31 | 24,562 | 1,819 | 1,013 | 2 |
| 2021-12-31 | 23,221 | 1,646 | 939 | 10 |
| 2020-12-31 | 22,369 | 1,563 | 871 | 12 |
| 2019-12-31 | 21,569 | 1,423 | 790 | 12 |
| Date (Data in CHF Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 21,149 | 909 | 767 |
| 2018-12-31 | 20,774 | 679 | 770 |
| 2018-09-30 | 20,430 | 688 | 777 |
| 2018-06-30 | 19,845 | 788 | 771 |
| 2018-03-31 | 19,157 | 835 | 756 |
| 2017-12-31 | 18,594 | 780 | 737 |
| 2017-09-30 | 17,803 | 737 | 725 |
| 2017-06-30 | 17,193 | 776 | 718 |
| 2017-03-31 | 16,814 | 722 | 714 |
| 2016-12-31 | 16,525 | 848 | 718 |
| 2016-09-30 | 16,552 | 1,007 | 697 |
| 2016-06-30 | 16,653 | 1,004 | 706 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 18 Analyst Estimates (S&P Global) | See Below |
All data from Kuehne + Nagel International Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in CHF Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 9.06 | 10.06 | 8.07 | 2.00 |
| 2022-12-31 | 8.45 | 9.21 | 7.69 | 2.00 |
| 2021-12-31 | 7.90 | 8.41 | 7.34 | 8.00 |
| 2020-12-31 | 7.30 | 7.96 | 6.94 | 10.00 |
| 2019-12-31 | 6.61 | 6.85 | 6.26 | 9.00 |
| Date (Data in CHF Millions) | EPS * |
|---|---|
| 2019-03-31 | 6.40 |
| 2018-12-31 | 6.43 |
| 2018-09-30 | 6.49 |
| 2018-06-30 | 6.45 |
| 2018-03-31 | 6.32 |
| 2017-12-31 | 6.16 |
| 2017-09-30 | 6.06 |
| 2017-06-30 | 5.99 |
| 2017-03-31 | 5.95 |
| 2016-12-31 | 5.99 |
| 2016-09-30 | 5.81 |
| 2016-06-30 | 5.89 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Kuehne + Nagel International is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
Future performance checks
We assess Kuehne + Nagel International's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Kuehne + Nagel International has a total score of 3/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
KNIN Past Performance
How has Kuehne + Nagel International performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Kuehne + Nagel International's year on year earnings growth rate has been positive over the past 5 years.
- Kuehne + Nagel International's 1-year earnings growth is less than its 5-year average (1.5% vs 4.9%)
- Kuehne + Nagel International's earnings growth has not exceeded the Europe Shipping industry average in the past year (1.5% vs 29.4%).
Earnings and Revenue History
All data from Kuehne + Nagel International Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in CHF Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 21,149.00 | 767.00 | 6,541.00 | |
| 2018-12-31 | 20,774.00 | 770.00 | 6,545.00 | |
| 2018-09-30 | 20,430.00 | 777.00 | 6,437.00 | |
| 2018-06-30 | 19,845.00 | 771.00 | 6,274.00 | |
| 2018-03-31 | 19,157.00 | 756.00 | 6,064.00 | |
| 2017-12-31 | 18,594.00 | 737.00 | 5,885.00 | |
| 2017-09-30 | 17,803.00 | 725.00 | 5,687.00 | |
| 2017-06-30 | 17,193.00 | 718.00 | 5,587.00 | |
| 2017-03-31 | 16,814.00 | 714.00 | 5,534.00 | |
| 2016-12-31 | 16,525.00 | 718.00 | 5,482.00 | |
| 2016-09-30 | 16,552.00 | 697.00 | 5,460.00 | |
| 2016-06-30 | 16,653.00 | 706.00 | 5,407.00 | |
| 2016-03-31 | 16,645.00 | 692.00 | 5,285.00 | |
| 2015-12-31 | 16,731.00 | 676.00 | 5,210.00 | |
| 2015-09-30 | 16,923.00 | 673.00 | 5,189.00 | |
| 2015-06-30 | 17,226.00 | 649.00 | 5,210.00 | |
| 2015-03-31 | 17,470.00 | 638.00 | 5,275.00 | |
| 2014-12-31 | 17,501.00 | 633.00 | 5,306.00 | |
| 2014-09-30 | 17,309.00 | 632.00 | 5,281.00 | |
| 2014-06-30 | 17,128.00 | 621.00 | 5,270.00 | |
| 2014-03-31 | 17,123.00 | 612.00 | 5,274.00 | |
| 2013-12-31 | 17,178.00 | 597.00 | 5,297.00 | |
| 2013-09-30 | 17,272.00 | 567.00 | 5,289.00 | |
| 2013-06-30 | 17,398.00 | 558.00 | 5,255.00 | |
| 2013-03-31 | 17,351.00 | 549.00 | 5,229.00 | |
| 2012-12-31 | 17,120.00 | 484.00 | 5,198.00 | |
| 2012-09-30 | 16,868.00 | 499.00 | 5,157.00 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Kuehne + Nagel International has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
- Kuehne + Nagel International used its assets more efficiently than the Europe Shipping industry average last year based on Return on Assets.
- Kuehne + Nagel International's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Kuehne + Nagel International's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Shipping industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Kuehne + Nagel International has a total score of 3/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
KNIN Health
How is Kuehne + Nagel International's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Kuehne + Nagel International's finances.
The net worth of a company is the difference between its assets and liabilities.
- Kuehne + Nagel International's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
- Kuehne + Nagel International's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 14.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Kuehne + Nagel International Company Filings, last reported 3 months ago.
| Date (Data in CHF Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 2,518.00 | 373.00 | 654.00 |
| 2018-12-31 | 2,324.00 | 351.00 | 562.00 |
| 2018-09-30 | 2,111.00 | 242.00 | 457.00 |
| 2018-06-30 | 1,984.00 | 417.00 | 522.00 |
| 2018-03-31 | 2,469.00 | 30.00 | 717.00 |
| 2017-12-31 | 2,327.00 | 10.00 | 782.00 |
| 2017-09-30 | 2,069.00 | 33.00 | 600.00 |
| 2017-06-30 | 1,837.00 | 170.00 | 507.00 |
| 2017-03-31 | 2,296.00 | 26.00 | 844.00 |
| 2016-12-31 | 2,165.00 | 4.00 | 899.00 |
| 2016-09-30 | 1,994.00 | 10.00 | 723.00 |
| 2016-06-30 | 1,825.00 | 171.00 | 608.00 |
| 2016-03-31 | 2,268.00 | 6.00 | 914.00 |
| 2015-12-31 | 2,126.00 | 2.00 | 890.00 |
| 2015-09-30 | 1,932.00 | 19.00 | 522.00 |
| 2015-06-30 | 1,702.00 | 10.00 | 441.00 |
| 2015-03-31 | 2,414.00 | 23.00 | 1,253.00 |
| 2014-12-31 | 2,453.00 | 7.00 | 1,222.00 |
| 2014-09-30 | 2,315.00 | 17.00 | 939.00 |
| 2014-06-30 | 2,140.00 | 19.00 | 621.00 |
| 2014-03-31 | 2,657.00 | 41.00 | 1,258.00 |
| 2013-12-31 | 2,558.00 | 13.00 | 1,300.00 |
| 2013-09-30 | 2,427.00 | 23.00 | 1,006.00 |
| 2013-06-30 | 2,294.00 | 33.00 | 838.00 |
| 2013-03-31 | 2,580.00 | 38.00 | 1,161.00 |
| 2012-12-31 | 2,425.00 | 25.00 | 1,113.00 |
| 2012-09-30 | 2,327.00 | 28.00 | 882.00 |
- Kuehne + Nagel International's level of debt (14.8%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has increased over the past 5 years (2.4% vs 14.8% today).
- Debt is well covered by operating cash flow (243.7%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 94.8x coverage).
Financial health checks
We assess Kuehne + Nagel International's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Kuehne + Nagel International has a total score of 4/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
KNIN Dividends
What is Kuehne + Nagel International's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
CHF2,000 of
Kuehne + Nagel International
shares you are expected to receive
CHF83
in your first year as a dividend.
Dividend Amount
- Kuehne + Nagel International's pays a higher dividend yield than the bottom 25% of dividend payers in Switzerland (1.96%).
- Kuehne + Nagel International's dividend is above the markets top 25% of dividend payers in Switzerland (3.74%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 18 Analyst Estimates (S&P Global) | See Below |
| Europe Shipping Industry Average Dividend Yield | Market Cap Weighted Average of 18 Stocks | 2.8% |
| Switzerland Market Average Dividend Yield | Market Cap Weighted Average of 167 Stocks | 3% |
| Switzerland Minimum Threshold Dividend Yield | 10th Percentile | 1.3% |
| Switzerland Bottom 25% Dividend Yield | 25th Percentile | 2% |
| Switzerland Top 25% Dividend Yield | 75th Percentile | 3.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in CHF) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | 8.05 | 3.00 |
| 2022-12-31 | 7.53 | 3.00 |
| 2021-12-31 | 6.82 | 16.00 |
| 2020-12-31 | 6.43 | 18.00 |
| 2019-12-31 | 6.14 | 18.00 |
| Date (Data in CHF) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-27 | 6.000 | 4.351 |
| 2018-02-28 | 5.750 | 3.958 |
| 2017-02-28 | 5.500 | 3.380 |
| 2016-03-02 | 5.000 | 3.674 |
| 2015-02-25 | 7.000 | 5.250 |
| 2014-02-28 | 3.850 | 3.116 |
| 2013-03-04 | 3.500 | 3.109 |
| 2012-03-05 | 3.850 | 3.526 |
| 2011-03-01 | 2.750 | 2.388 |
| 2010-03-01 | 2.300 | 1.978 |
| 2009-03-02 | 2.300 | 2.665 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
Kuehne + Nagel International's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are not well covered by earnings (1.1x coverage).
- Dividends after 3 years are expected to be covered by earnings (1.1x coverage).
Income/ dividend checks
We assess Kuehne + Nagel International's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.3%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Kuehne + Nagel International afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Kuehne + Nagel International has a total score of 4/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
KNIN Management
CEO
| COMPENSATION | CHF3,412,000 |
| AGE | 57 |
| TENURE AS CEO | 5.9 years |
CEO Bio
Dr. Detlef A. Trefzger has been the Chief Executive Officer and Chairman of Management Board of Kuehne + Nagel International AG since August 15, 2013 and has been its Member of Management Board since March 01, 2013. Dr. Trefzger served as an Executive Vice President of Contract & Integrated Logistics at Kuehne + Nagel International AG since March 01, 2013 until August 15, 2013. He served as a Member of the Management Board at Schenker AG from January 1, 2004 to October 2012. He started his career in 1989 as a Financial Consultant with Industriekreditbank AG, Düsseldorf and Stuttgart. From 1989 to 1993 he was a Project Manager, Industrial & Building Systems Group at Siemens AG, Erlangen, Germany. He was a Principal of Roland Berger & Partner, Munich from 1994 to 1998. He served as a Member of the Management team at the International Competence Center Transportation & Logistics. In 1999, he joined the Management Board of the Austrian Schenker & CO AG in Vienna, where he was responsible for finance, controlling, personnel, HRM, procurement, quality and holding management in Southeastern Europe and its Chief Financial Officer of the Region South East from 1999 to 2003. In 1989, he joined Siemens AG in Erlangen and served as a Project Manager in the Strategic Projects unit of the Plant Engineering division and served as its Executive Vice President of Global Air Freight and Ocean Freight since 2012. He has been Director of Singapore Economic Development Board since January 2015. Dr. Trefzger studied at Münster and Kingston upon Hull and after being awarded a degree in Business Management by Vienna Business University.
CEO Compensation
- Detlef's compensation has been consistent with company performance over the past year, both up more than 20%.
- Detlef's remuneration is about average for companies of similar size in Switzerland.
Management Team Tenure
Average tenure and age of the Kuehne + Nagel International management team in years:
- The average tenure for the Kuehne + Nagel International management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Detlef Trefzger
Chairman of Management Board & CEO
CHF3M
57
5.9 yrs
Markus Blanka-Graff
CFO & Member of the Management Board
52
5 yrs
Martin Kolbe
Chief Information Officer & Member of Management Board
58
13.7 yrs
Lothar Harings
Chief Human Resources Officer
59
Otto Schacht
Executive VP of Global Seafreight & Member of Management Board
60
Stefan Paul
Executive VP of Overland & Member of Management Board
50
7.4 yrs
Gianfranco Sgro
Executive VP of Contract Logistics & Member of Management Board
52
4.4 yrs
Yngve Ruud
Executive VP of Air Freight & Member of the Management Board
55
2.8 yrs
Tobias Jerschke
Senior Vice President of Global Integrated Logistics
10.7 yrs
Thorsten Meincke
Senior Vice President of Global Seafreight
5.1 yrs
Board of Directors Tenure
Average tenure and age of the Kuehne + Nagel International board of directors in years:
- The tenure for the Kuehne + Nagel International board of directors is about average.
Board of Directors
Jorg Wolle
Chairman
CHF1M
62
3.2 yrs
Karl Gernandt
Vice Chairman
CHF608K
59
3.2 yrs
Klaus-Michael Kuehne
Honorary Chairman
CHF798K
82
8.5 yrs
Riehen Staehelin
Director
CHF204K
72
41.5 yrs
Renato Fassbind
Director
CHF207K
64
8.2 yrs
Martin Wittig
Director
CHF207K
55
5.2 yrs
Hauke Stars
Director
CHF191K
52
3.2 yrs
David Kamenetzky
Director
50
0.2 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (CHF) | Value (CHF) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Kuehne + Nagel International's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Kuehne + Nagel International has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
KNIN News
Simply Wall St News
Is Kuehne + Nagel International AG (VTX:KNIN) An Attractive Dividend Stock?
Is Kuehne + Nagel International AG (VTX:KNIN) a good dividend stock? … As Kuehne + Nagel International's dividend was not well covered by either earnings or cash flow, we would be concerned that this dividend could be at risk over the long term. … Conclusion To summarise, shareholders should always check that Kuehne + Nagel International's dividends are affordable, that its dividend payments are relatively stable, and that it has decent prospects for growing its earnings and dividend.
Simply Wall St - – Full articleShould You Be Happy With Kuehne + Nagel International AG's (VTX:KNIN) Performance Lately?
See our latest analysis for Kuehne + Nagel International Did KNIN's recent performance beat its trend and industry? … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 4.9%, indicating the rate at which KNIN is growing has slowed down. … You should continue to research Kuehne + Nagel International to get a more holistic view of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for KNIN’s future growth?
Simply Wall St - – Full articleKuehne + Nagel International AG (VTX:KNIN) Has Attractive Fundamentals
In the case of Kuehne + Nagel International AG (VTX:KNIN), it is a dependable dividend payer that has been able to sustain great financial health over the past. … SWX:KNIN Historical Debt, June 27th 2019 For those seeking income streams from their portfolio, KNIN is a robust dividend payer as well. … SWX:KNIN Historical Dividend Yield, June 27th 2019 Next Steps: For Kuehne + Nagel International, I've compiled three essential factors you should further examine: Future Outlook: What are well-informed industry analysts predicting for KNIN’s future growth?
Simply Wall St - – Full articleIs Kuehne + Nagel International AG's (VTX:KNIN) CEO Pay Fair?
View our latest analysis for Kuehne + Nagel International How Does Detlef Trefzger's Compensation Compare With Similar Sized Companies? … Our data indicates that Kuehne + Nagel International AG is worth CHF16b, and total annual CEO compensation is CHF3.4m. … While this analysis focuses on total compensation, it's worth noting the salary is lower, valued at CHF1.0m.
Simply Wall St - – Full articleWhen Should You Buy Kuehne + Nagel International AG (VTX:KNIN)?
Let’s take a look at Kuehne + Nagel International’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change. … See our latest analysis for Kuehne + Nagel International Is Kuehne + Nagel International still cheap? … Another thing to keep in mind is that Kuehne + Nagel International’s share price may be quite stable relative to the rest of the market, as indicated by its low beta.
Simply Wall St - – Full articleSome Kuehne + Nagel International (VTX:KNIN) Shareholders Are Down 13%
Unfortunately the Kuehne + Nagel International AG (VTX:KNIN) share price slid 13% over twelve months. … During the unfortunate twelve months during which the Kuehne + Nagel International share price fell, it actually saw its earnings per share (EPS) improve by 1.3%. … We don't see any weakness in the Kuehne + Nagel International's dividend so the steady payout can't really explain the share price drop.
Simply Wall St - – Full articleHow Do Analysts See Kuehne + Nagel International AG (VTX:KNIN) Performing In The Year Ahead?
As Kuehne + Nagel International AG (VTX:KNIN) announced its earnings release on 31 March 2019, analyst consensus outlook appear cautiously optimistic, with profits predicted to increase by 6.3% next year against the past 5-year average growth rate of 4.9%. … To reduce the year-on-year volatility of analyst earnings forecast, I've inserted a line of best fit through the expected earnings figures to determine the annual growth rate from the slope of the line. … SWX:KNIN Past and Future Earnings, May 16th 2019 From the current net income level of CHF770m and the final forecast of CHF957m by 2022, the annual rate of growth for KNIN’s earnings is 7.7%.
Simply Wall St - – Full articleInterested In Kuehne + Nagel International AG (VTX:KNIN)’s Upcoming CHF6.00 Dividend? You Have 2 Days Left
To qualify for the dividend check of CHF6.00 per share, investors must have owned the shares prior to 09 May 2019, which is the last day the company's management will finalize their list of shareholders to which they will send dividend payments. … Investors looking for higher income-generating stocks to add to their portfolio should keep reading, as I examine Kuehne + Nagel International's latest financial data to analyse its dividend characteristics. … Whenever I am looking at a potential dividend stock investment, I always check these five metrics:?
Simply Wall St - – Full articleShould We Be Delighted With Kuehne + Nagel International AG's (VTX:KNIN) ROE Of 33%?
With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … To keep the lesson grounded in practicality, we'll use ROE to better understand Kuehne + Nagel International AG (VTX:KNIN). … One way to conceptualize this, is that for each CHF1 of shareholders' equity it has, the company made CHF0.33 in profit.
Simply Wall St - – Full articleWhy You Should Like Kuehne + Nagel International AG’s (VTX:KNIN) ROCE
To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … What is Return On Capital Employed (ROCE)? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.
Simply Wall St - – Full articleKNIN Company Info
Description
Kuehne + Nagel International AG, together with its subsidiaries, provides integrated logistics services worldwide. The company operates through four segments: Seafreight, Airfreight, Overland, and Contract Logistics. It provides airfreight services; seafreight services, including full and less than container loads, intra Europe/short sea intermodal solutions integration with carriers, flexible schedules, blue anchor line agent, cargo insurance, and customs clearance services, as well as online booking online, tracking, and tracing of shipment services; and overland transportation and contract logistics services. The company also offers export and import documentation, door-to-door, and logistics supply movement arrangement services. It serves aerospace, automotive, FMCG, high-tech, oil and gas, pharma and healthcare, retail, industrial, emergency and relief logistics, drinks logistics, forest products, hotel and marine logistics, foodservice, insurance, and project logistics sectors. The company was founded in 1890 and is based in Schindellegi, Switzerland. Kuehne + Nagel International AG is a subsidiary of Kuehne Holding AG.
Details
| Name: | Kuehne + Nagel International AG |
| KNIN | |
| Exchange: | SWX |
| Founded: | 1890 |
| CHF17,235,785,737 | |
| 119,734,531 | |
| Website: | http://www.kuehne-nagel.com |
| Address: |
Kuehne + Nagel International AG Kuehne + Nagel House, Schindellegi, Schwyz, 8834, Switzerland |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| SWX | KNIN | Registered Shares | SIX Swiss Exchange | CH | CHF | 17. May 1994 | |
| OTCPK | KHNG.F | Registered Shares | Pink Sheets LLC | US | USD | 17. May 1994 | |
| DB | KNIA | Registered Shares | Deutsche Boerse AG | DE | EUR | 17. May 1994 | |
| XTRA | KNIA | Registered Shares | XETRA Trading Platform | DE | EUR | 17. May 1994 | |
| LSE | 0QMW | Registered Shares | London Stock Exchange | GB | CHF | 17. May 1994 | |
| OTCPK | KHNG.Y | UNSPONSORD ADR | Pink Sheets LLC | US | USD | 10. Dec 2008 |
Number of employees
Current staff
Industry
| Marine | |
| Transportation |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/07/16 20:56 |
| End of day share price update: | 2019/07/16 00:00 |
| Last estimates confirmation: | 2019/07/12 |
| Last earnings filing: | 2019/04/25 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
