SWX:KNIN

Stock Analysis Report

Kuehne + Nagel International

Executive Summary

Kuehne + Nagel International AG, together with its subsidiaries, provides integrated logistics services worldwide.

Snowflake

Fundamentals

Average dividend payer with acceptable track record.


Similar Companies

Share Price & News

How has Kuehne + Nagel International's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

3.7%

KNIN

4.0%

CH Shipping

1.7%

CH Market


1 Year Return

6.3%

KNIN

6.2%

CH Shipping

11.8%

CH Market

Return vs Industry: KNIN matched the Swiss Shipping industry which returned 6.2% over the past year.

Return vs Market: KNIN underperformed the Swiss Market which returned 11.8% over the past year.


Share holder returns

KNINIndustryMarket
7 Day3.7%4.0%1.7%
30 Day-0.6%-2.9%-0.3%
90 Day6.2%9.2%2.8%
1 Year10.9%6.3%15.1%6.2%17.8%11.8%
3 Year23.5%9.9%22.1%6.6%34.1%20.7%
5 Year58.8%29.2%13.3%-14.5%43.5%21.0%

Price Volatility Vs. Market

How volatile is Kuehne + Nagel International's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Kuehne + Nagel International undervalued based on future cash flows and its price relative to the stock market?

2%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Undervalued: KNIN (CHF151.8) is trading below our estimate of fair value (CHF155.13)

Significantly Undervalued: KNIN is trading below fair value, but not by a significant amount.


Price Based on Earnings

PE vs Industry: KNIN is poor value based on its PE Ratio (23.9x) compared to the Shipping industry average (11.4x).

PE vs Market: KNIN is poor value based on its PE Ratio (23.9x) compared to the Swiss market (18.7x).


Price Based on Expected Growth

Low PEG Ratio: KNIN is poor value based on its PEG Ratio (3.2x)


Price Based on Value of Assets

PB vs Industry: KNIN is overvalued based on its PB Ratio (9.7x) compared to the XE Shipping industry average (0.8x).


Next Steps

Future Growth

How is Kuehne + Nagel International expected to perform in the next 1 to 3 years based on estimates from 19 analysts?

7.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: KNIN's forecast earnings growth (7.4% per year) is above the savings rate (3.3%).

Earnings vs Market: KNIN's earnings (7.4% per year) are forecast to grow slower than the Swiss market (10.4% per year).

High Growth Earnings: KNIN's earnings are forecast to grow, but not significantly.

Revenue vs Market: KNIN's revenue (3.8% per year) is forecast to grow faster than the Swiss market (3.6% per year).

High Growth Revenue: KNIN's revenue (3.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Estimates


Future Return on Equity

High Future ROE: KNIN's Return on Equity is forecast to be high in 3 years time (34.6%)


Next Steps

Past Performance

How has Kuehne + Nagel International performed over the past 5 years?

4.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: KNIN's earnings have grown by 4.6% per year over the past 5 years.

Accelerating Growth: KNIN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: KNIN had negative earnings growth (-1%) over the past year, making it difficult to compare to the Shipping industry average (-1%).


Return on Equity

High ROE: KNIN's Return on Equity (39.8%) is considered high.


Return on Assets

ROA vs Industry: KNIN has a higher Return on Assets than the Shipping industry average last year.


Return on Capital Employed

ROCE Improving: KNIN's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Kuehne + Nagel International's financial position?


Financial Position Analysis

Short Term Liabilities: KNIN's short term assets (CHF5.1B) do not cover its short term liabilities (CHF5.3B)

Long Term Liabilities: KNIN's short term assets (5.1B) exceeds its long term liabilities (2.4B)


Debt to Equity History and Analysis

Debt Level: KNIN's debt to equity ratio (41.3%) is considered high

Reducing Debt: KNIN's debt to equity ratio has increased from 0.6% to 41.3% over the past 5 years.

Debt Coverage: KNIN's debt is well covered by operating cash flow (143.5%).

Interest Coverage: KNIN's interest payments on its debt are well covered by EBIT (59.5x coverage).


Balance Sheet

Inventory Level: KNIN has a high level of physical assets or inventory.

Debt Coverage by Assets: KNIN's debt is covered by short term assets (assets are 6.369810x debt).


Next Steps

Dividend

What is Kuehne + Nagel International's current dividend yield, its reliability and sustainability?

4.25%

Expected Dividend Yield


Dividend Yield vs Market

company4.0%marketbottom25%1.9%markettop25%3.7%industryaverage2.6%forecastin3Years4.2%

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: KNIN's dividend (3.95%) is higher than the bottom 25% of dividend payers in the Swiss market (1.93%).

High Dividend: KNIN's dividend (3.95%) is in the top 25% of dividend payers in the Swiss market (3.69%)

Stable Dividend: KNIN's dividend payments have been volatile in the past 10 years.

Growing Dividend: KNIN's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (94.3%), KNIN's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: KNIN's dividends in 3 years are forecast to be covered by earnings (89.2% payout ratio).


Next Steps

Management

What is the CEO of Kuehne + Nagel International's salary, the management and board of directors tenure and is there insider trading?

5.8yrs

Average management tenure


CEO

Detlef Trefzger (57yo)

6.2yrs

Tenure

CHF3,412,000

Compensation

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 ...


CEO Compensation Analysis

Compensation vs. Market: Detlef's total compensation ($USD3.42M) is about average for companies of similar size in the Swiss market ($USD4.19M).

Compensation vs Earnings: Detlef's compensation has been consistent with company performance over the past year.


Management Age and Tenure

5.8yrs

Average Tenure

56yo

Average Age

Experienced Management: KNIN's management team is seasoned and experienced (5.8 years average tenure).


Board Age and Tenure

4.4yrs

Average Tenure

60.5yo

Average Age

Experienced Board: KNIN's board of directors are considered experienced (4.4 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Lothar Harings (59yo)

    Chief Human Resources Officer

    • Tenure: 0yrs
  • Martin Kolbe (58yo)

    Chief Information Officer & Member of Management Board

    • Tenure: 13.9yrs
  • Gianfranco Sgro (52yo)

    Executive VP of Contract Logistics & Member of Management Board

    • Tenure: 4.7yrs
  • Detlef Trefzger (57yo)

    Chairman of Management Board & CEO

    • Tenure: 6.2yrs
    • Compensation: CHF3.41m
  • Tobias Jerschke

    Senior Vice President of Global Integrated Logistics

    • Tenure: 10.9yrs
  • Otto Schacht (60yo)

    Executive VP of Global Seafreight & Member of Management Board

    • Tenure: 0yrs
  • Stefan Paul (50yo)

    Executive VP of Overland & Member of Management Board

    • Tenure: 7.7yrs
  • Thorsten Meincke

    Senior Vice President of Global Seafreight

    • Tenure: 5.3yrs
  • Markus Blanka-Graff (52yo)

    CFO & Member of the Management Board

    • Tenure: 5.3yrs
  • Yngve Ruud (55yo)

    Executive VP of Air Freight & Member of the Management Board

    • Tenure: 3yrs

Board Members

  • Klaus-Michael Kuehne (82yo)

    Honorary Chairman

    • Tenure: 8.8yrs
    • Compensation: CHF798.00k
  • Renato Fassbind (64yo)

    Director

    • Tenure: 8.4yrs
    • Compensation: CHF207.00k
  • Jörg Wolle (62yo)

    Chairman

    • Tenure: 3.4yrs
    • Compensation: CHF1.27m
  • Riehen Staehelin (72yo)

    Director

    • Tenure: 41.8yrs
    • Compensation: CHF204.00k
  • Martin Wittig (55yo)

    Director

    • Tenure: 5.4yrs
    • Compensation: CHF207.00k
  • David Kamenetzky (50yo)

    Director

    • Tenure: 0.4yrs
  • Karl Gernandt (59yo)

    Vice Chairman

    • Tenure: 3.4yrs
    • Compensation: CHF608.00k
  • Hauke Stars (52yo)

    Director

    • Tenure: 3.4yrs
    • Compensation: CHF191.00k

Company Information

Kuehne + Nagel International AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Kuehne + Nagel International AG
  • Ticker: KNIN
  • Exchange: SWX
  • Founded: 1890
  • Industry: Marine
  • Sector: Transportation
  • Market Cap: CHF18.176b
  • Shares outstanding: 119.73m
  • Website: https://www.kuehne-nagel.com

Number of Employees


Location

  • Kuehne + Nagel International AG
  • Kuehne + Nagel House
  • Schindellegi
  • Schwyz
  • 8834
  • Switzerland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
KNINSWX (SIX Swiss Exchange)YesRegistered SharesCHCHFMay 1994
KNIADB (Deutsche Boerse AG)YesRegistered SharesDEEURMay 1994
KNIAXTRA (XETRA Trading Platform)YesRegistered SharesDEEURMay 1994
KHNG.FOTCPK (Pink Sheets LLC)YesRegistered SharesUSUSDMay 1994
0QMWLSE (London Stock Exchange)YesRegistered SharesGBCHFMay 1994
KHNG.YOTCPK (Pink Sheets LLC)UNSP ADR EACH REPR 0.20 ORDUSUSDDec 2008
KNIUDB (Deutsche Boerse AG)UNSP ADR EACH REPR 0.20 ORDDEEURDec 2008

Biography

Kuehne + Nagel International AG, together with its subsidiaries, provides integrated logistics services worldwide. The company operates through four segments: Seafreight, Airfreight, Overland, and Contract ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/13 21:26
End of Day Share Price2019/10/11 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.

© 2018 SIMPLY WALL STREET PTY LTD, COMMUNITY DESIGN 2845206, US DESIGN PATENT #29/544/281, EUROPEAN DESIGN REGISTRATION #2845206, STANDARD & POOR’S FINANCIAL SERVICES LLC. ALL RIGHTS RESERVED.

Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Copyright © 2018, Standard & Poor’s Financial Services LLC. Reproduction of S&P Capital IQ in any form is prohibited except with the prior written permission of S&P. S&P does not guarantee the accuracy, adequacy, completeness or availability of any information and is not responsible for any errors or omissions, regardless of the cause or for the results obtained from the use of such information. S&P DISCLAIMS ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. In no event shall S&P be liable for any direct, indirect, special or consequential damages, costs, expenses, legal fees, or losses (including lost income or lost profit and opportunity costs) in connection with subscriber’s or others’ use of S&P Capital IQ. (2018)