KUEHNE + NAGEL INTERNATIONAL AG Financials Kuehne + Nagel International AG BOERSE MUENCHEN
Equities
KNIU
US5011871085
Air Freight & Logistics
|
Real-time
Other stock markets
|
5-day change | 1st Jan Change | ||
| 54.5 EUR | +1.87% |
|
-2.73% | -13.71% |
| 06-20 | Kuehne+Nagel Sets Up New US Logistics Facility for Sézane | MT |
| 06-14 | Swiss Stocks Slide as Market Uncertainties Persist | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 19,541 | 24,055 | 35,427 | 25,885 | 34,666 | 30,490 | - | - |
| Enterprise Value (EV) 1 | 20,985 | 24,343 | 34,806 | 23,807 | 32,858 | 29,151 | 28,889 | 28,810 |
| P/E ratio | 24.5 x | 30.6 x | 17.4 x | 9.77 x | 24.1 x | 25.7 x | 24.7 x | 23.2 x |
| Yield | 3.68% | 2.24% | 3.4% | 6.51% | 3.45% | 2.9% | 2.94% | 2.98% |
| Capitalization / Revenue | 0.93 x | 1.18 x | 1.08 x | 0.66 x | 1.45 x | 1.31 x | 1.27 x | 1.24 x |
| EV / Revenue | 0.99 x | 1.19 x | 1.06 x | 0.6 x | 1.38 x | 1.25 x | 1.2 x | 1.17 x |
| EV / EBITDA | 11.5 x | 12.7 x | 9.46 x | 5.25 x | 12.3 x | 11.9 x | 11.4 x | 11 x |
| EV / FCF | 15 x | 15.8 x | 15.4 x | 5.73 x | 23.7 x | 24.2 x | 18.4 x | 17 x |
| FCF Yield | 6.68% | 6.33% | 6.51% | 17.5% | 4.23% | 4.14% | 5.44% | 5.89% |
| Price to Book | 8.44 x | 9.98 x | 11.1 x | 6.22 x | 10.9 x | 9.69 x | 8.72 x | 7.81 x |
| Nbr of stocks (in thousands) | 119,735 | 119,794 | 120,338 | 120,285 | 119,619 | 118,315 | - | - |
| Reference price 2 | 163.2 | 200.8 | 294.4 | 215.2 | 289.8 | 257.7 | 257.7 | 257.7 |
| Announcement Date | 2/27/20 | 3/3/21 | 3/2/22 | 3/1/23 | 3/1/24 | - | - | - |
1CHF in Million2CHF
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 21,094 | 20,382 | 32,801 | 39,398 | 23,849 | 23,231 | 24,050 | 24,614 |
| EBITDA 1 | 1,829 | 1,920 | 3,679 | 4,532 | 2,678 | 2,451 | 2,526 | 2,621 |
| EBIT 1 | 1,061 | 1,070 | 2,946 | 3,763 | 1,903 | 1,616 | 1,706 | 1,782 |
| Operating Margin | 5.03% | 5.25% | 8.98% | 9.55% | 7.98% | 6.95% | 7.09% | 7.24% |
| Earnings before Tax (EBT) 1 | 1,047 | 1,059 | 2,945 | 3,808 | 1,956 | 1,618 | 1,669 | 1,782 |
| Net income 1 | 798 | 788 | 2,032 | 2,644 | 1,431 | 1,189 | 1,223 | 1,308 |
| Net margin | 3.78% | 3.87% | 6.19% | 6.71% | 6% | 5.12% | 5.09% | 5.31% |
| EPS 2 | 6.660 | 6.570 | 16.88 | 22.03 | 12.02 | 10.02 | 10.43 | 11.09 |
| Free Cash Flow 1 | 1,401 | 1,541 | 2,265 | 4,157 | 1,389 | 1,206 | 1,571 | 1,696 |
| FCF margin | 6.64% | 7.56% | 6.91% | 10.55% | 5.82% | 5.19% | 6.53% | 6.89% |
| FCF Conversion (EBITDA) | 76.6% | 80.26% | 61.57% | 91.73% | 51.87% | 49.19% | 62.19% | 64.72% |
| FCF Conversion (Net income) | 175.56% | 195.56% | 111.47% | 157.22% | 97.06% | 101.39% | 128.41% | 129.65% |
| Dividend per Share 2 | 6.000 | 4.500 | 10.00 | 14.00 | 10.00 | 7.483 | 7.581 | 7.676 |
| Announcement Date | 2/27/20 | 3/3/21 | 3/2/22 | 3/1/23 | 3/1/24 | - | - | - |
1CHF in Million2CHF
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2023 S2 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 10,960 | 10,158 | 10,473 | 9,972 | 8,795 | 6,748 | 5,973 | 5,438 | 5,690 | 11,128 | 5,508 | 5,891 | 5,824 | 5,974 | - | - |
| EBITDA 1 | - | 1,310 | 1,306 | 1,274 | 1,109 | 843 | 803 | 715 | 640 | 520 | 1,160 | 576 | 598 | 641.3 | 631.7 | - | - |
| EBIT 1 | 419 | 1,121 | 1,120 | 1,075 | 924 | 644 | 612 | 523 | 446 | 322 | 768 | 376 | 404.6 | 439.7 | 425.3 | - | - |
| Operating Margin | - | 10.23% | 11.03% | 10.26% | 9.27% | 7.32% | 9.07% | 8.76% | 8.2% | 5.66% | 6.9% | 6.83% | 6.87% | 7.55% | 7.12% | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | 628 | - | - | 324 | 779 | - | - | - | - | - | - |
| Net income 1 | - | 719 | 783 | 754 | 654 | 453 | 456 | 400 | 315 | 260 | 575 | 273 | 275.8 | 353 | 307.5 | - | - |
| Net margin | - | 6.56% | 7.71% | 7.2% | 6.56% | 5.15% | 6.76% | 6.7% | 5.79% | 4.57% | 5.17% | 4.96% | 4.68% | 6.06% | 5.15% | - | - |
| EPS 2 | - | 5.970 | 6.500 | 6.290 | 5.450 | - | 3.810 | 3.360 | 2.650 | 2.170 | 4.830 | 2.300 | 2.460 | 2.550 | 2.680 | - | - |
| Dividend per Share 2 | - | 10.00 | - | - | - | 14.00 | - | - | - | 10.00 | - | - | - | - | 7.918 | - | - |
| Announcement Date | 7/21/20 | 3/2/22 | 4/26/22 | 7/25/22 | 10/24/22 | 3/1/23 | 4/24/23 | 7/25/23 | 10/24/23 | 3/1/24 | 3/1/24 | 4/23/24 | - | - | - | - | - |
1CHF in Million2CHF
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,444 | 288 | - | - | - | - | - | - |
| Net Cash position 1 | - | - | 621 | 2,078 | 1,808 | 1,338 | 1,601 | 1,679 |
| Leverage (Debt/EBITDA) | 0.7895 x | 0.15 x | - | - | - | - | - | - |
| Free Cash Flow 1 | 1,401 | 1,541 | 2,265 | 4,157 | 1,389 | 1,206 | 1,571 | 1,696 |
| ROE (net income / shareholders' equity) | 34.4% | 33.4% | 72.4% | 72% | 39.2% | 37.2% | 38.5% | 35.4% |
| ROA (Net income/ Total Assets) | 9.02% | 8.01% | 16.6% | 18% | 11.1% | 10.4% | 11.3% | 11.3% |
| Assets 1 | 8,852 | 9,838 | 12,250 | 14,700 | 12,861 | 11,473 | 10,824 | 11,551 |
| Book Value Per Share 2 | 19.30 | 20.10 | 26.60 | 34.60 | 26.50 | 26.60 | 29.50 | 33.00 |
| Cash Flow per Share 2 | 14.30 | 14.30 | 20.50 | 36.70 | 14.30 | 14.70 | 15.30 | 14.60 |
| Capex 1 | 320 | 177 | 197 | 247 | 310 | 285 | 256 | 266 |
| Capex / Sales | 1.52% | 0.87% | 0.6% | 0.63% | 1.3% | 1.23% | 1.07% | 1.08% |
| Announcement Date | 2/27/20 | 3/3/21 | 3/2/22 | 3/1/23 | 3/1/24 | - | - | - |
1CHF in Million2CHF
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
15
Last Close Price
257.7
CHF
Average target price
243.4
CHF
Spread / Average Target
-5.56%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -7.13% | 32.54B | |
| -1.52% | 6.34B | |
| +14.36% | 6.12B | |
| +7.69% | 4.07B | |
| -6.44% | 4.11B | |
| +10.70% | 3.83B | |
| 0.00% | 3.32B | |
| +57.48% | 2.39B | |
| +0.65% | 2.25B |
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