Education
About Us
Working with TipRanks
Follow Us
Kuehne + Nagel (KHNGY)
OTHER OTC:KHNGY
Top Page
Kuehne + Nagel
(OTC:KHNGY)
Select Model
Select Model
Rating:71Outperform
Price Target:
$44.00
▲(14.67% Upside)
Kuehne + Nagel's strong financial performance, particularly in cash flow generation, and attractive valuation are key strengths. However, technical indicators suggest caution, and the earnings call highlighted significant challenges, including declining EBIT and yield pressures.
Kuehne + Nagel (KHNGY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$22.71B
Dividend Yield6%
Average Volume (3M)2.96K
Price to Earnings (P/E)17.1
Beta (1Y)0.62
Revenue Growth16.15%
EPS Growth3.45%
CountryUS
Employees77,130
SectorIndustrials
Sector Strength72
IndustryIntegrated Freight & Logistics
Share Statistics
EPS (TTM)N/A
Shares Outstanding603,768,900
10 Day Avg. Volume2,733
30 Day Avg. Volume2,959
Financial Highlights & Ratios
PEG Ratio-1.21
Price to Book (P/B)7.56
Price to Sales (P/S)0.99
P/FCF Ratio20.91
Enterprise Value/Market Cap1.27
Enterprise Value/Revenue1.12
Enterprise Value/Gross Profit3.26
Enterprise Value/Ebitda11.47
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusHold
Number of Analyst Covering0
Kuehne + Nagel 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 freight forwarding and logistics services. The company earns money by charging clients for the transportation and handling of goods, including ocean and air freight services, which are typically billed based on weight, volume, and distance. Additionally, the company has significant revenue streams from contract logistics, where it provides warehousing and distribution services for clients, often under long-term agreements. Kuehne + Nagel also benefits from customs brokerage services, where they facilitate the import and export process for clients, charging fees for their expertise. Strategic partnerships with shipping lines, airlines, and other logistics providers enhance their service offerings and contribute to their earnings by providing competitive rates and expanded service capabilities.
Kuehne + Nagel Earnings Call Summary
Earnings Call Date:Oct 23, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Mar 03, 2026
Earnings Call Sentiment Neutral
While there were notable achievements such as market share expansion and improvements in free cash flow, significant challenges such as declines in EBIT, yield pressure, and overcapacity negatively impacted the company's performance. The sentiment is further affected by ongoing currency headwinds and challenges in Road Logistics.Q3-2025 Updates
Positive Updates
Market Share Expansion
Kuehne + Nagel expanded its global market share in Air Logistics and the SME segment in Sea Logistics despite challenging market conditions.
Free Cash Flow Improvement
The company's free cash flow conversion reached 105% in Q3 2025, marking the first time it has exceeded 100% since Q3 2022.
Contract Logistics Growth
Contract Logistics produced an EBIT of CHF 62 million in Q3, reflecting 9% year-over-year EBIT growth or 12% excluding currency effects.
Air Logistics Volume Growth
Air Logistics volume grew by 7% in Q3, outpacing the estimated market growth of 4%, driven by perishables and semiconductors.
Cost Reduction Program
A cost reduction program targeting at least CHF 200 million of annualized savings was announced, focusing on staff-related costs, facilities, and other variable expenses.
Negative Updates
Decline in Group EBIT and EPS
Group EBIT declined by 13% year-over-year, and EPS declined by 18% year-over-year, excluding currency effects.
Yield Pressure in Sea and Air Logistics
Both Sea and Air Logistics experienced yield pressure with Sea Logistics volume growing by only 2% in Q3 and Air Logistics yields declining by 6% Q-on-Q.
Impact of Overcapacity
Overcapacity in Sea Logistics and the logistics market created pressure on yields and margins, with average yields declining 10 percentage points Q-on-Q.
Challenges in Road Logistics
Despite a net turnover growth of 6% in Q3, Road Logistics EBIT declined by 9% year-over-year, with a conversion rate 1 percentage point lower than last year.
Currency Headwinds
The company faced a 4% negative currency impact in the third quarter, equating to CHF 85 million.
Company Guidance
During the Kuehne + Nagel Q3 2025 Results Conference Call, CEO Stefan Paul and CFO Markus Blanka-Graff outlined the company's financial performance and strategic measures amid a challenging logistics market environment. The group recorded a 13% year-over-year decline in EBIT, excluding currency effects, primarily due to yield pressures in Sea and Air Logistics, with a combined EBIT drop of 16% in these segments. The Sea Logistics conversion rate was 24% in Q3, while Air Logistics saw a 7% volume increase, outperforming market growth, but also faced a 6% yield decline. The company is implementing a cost reduction program targeting annual savings of at least CHF 200 million, aiming for full realization by 2027. Despite these pressures, Kuehne + Nagel expanded its market share in Air Logistics and the SME segment in Sea Logistics, and improved its free cash flow conversion rate to 105% in Q3. The company adjusted its 2025 recurring EBIT guidance to over CHF 1.3 billion, excluding nonrecurring items, while affirming its commitment to maintaining a strong dividend policy.Kuehne + Nagel Financial Statement Overview
Summary
Kuehne + Nagel exhibits strong revenue growth and cash flow generation, supported by efficient operations. However, increased leverage poses a potential risk, which needs to be monitored closely. Maintaining profitability margins and managing debt levels will be crucial for sustained financial health.Income Statement
Kuehne + Nagel's income statement shows a strong revenue growth rate of 40.2% in the TTM period, indicating robust business expansion. However, the gross profit margin has slightly decreased from 34.96% in 2024 to 34.29% in the TTM, and the net profit margin has also declined from 4.76% to 4.47%. Despite these margin contractions, the company maintains a solid EBIT and EBITDA margin, reflecting operational efficiency.75
Positive
Balance Sheet
The balance sheet reveals a significant increase in the debt-to-equity ratio from 0.72 in 2024 to 1.77 in the TTM, indicating higher leverage and potential financial risk. However, the return on equity remains strong at 41.84%, showcasing effective use of equity to generate profits. The equity ratio has decreased, pointing to a higher reliance on debt financing.65
Positive
Cash Flow
Kuehne + Nagel's cash flow statement highlights a remarkable free cash flow growth rate of 143.3% in the TTM, demonstrating strong cash generation capabilities. The operating cash flow to net income ratio is healthy, and the free cash flow to net income ratio remains robust at 86.14%, indicating efficient cash conversion.80
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 25.73B | 24.80B | 23.85B | 39.40B | 32.80B | 20.38B |
| Gross Profit | 8.82B | 8.67B | 8.79B | 5.96B | 5.38B | 3.40B |
| EBITDA | 2.51B | 2.50B | 2.76B | 4.60B | 3.70B | 1.81B |
| Net Income | 1.15B | 1.18B | 1.43B | 2.64B | 2.03B | 788.00M |
Balance Sheet | ||||||
| Total Assets | 11.75B | 11.72B | 10.97B | 14.75B | 14.65B | 9.85B |
| Cash, Cash Equivalents and Short-Term Investments | 581.00M | 1.15B | 2.07B | 3.78B | 2.31B | 1.70B |
| Total Debt | 3.41B | 2.35B | 1.82B | 1.70B | 1.89B | 1.99B |
| Total Liabilities | 9.79B | 8.46B | 7.81B | 10.60B | 11.44B | 7.44B |
| Stockholders Equity | 1.92B | 3.26B | 3.15B | 4.14B | 3.20B | 2.41B |
Cash Flow | ||||||
| Free Cash Flow | 1.49B | 1.18B | 1.39B | 4.16B | 2.26B | 1.53B |
| Operating Cash Flow | 1.73B | 1.48B | 1.70B | 4.40B | 2.46B | 1.72B |
| Investing Cash Flow | -777.00M | -452.00M | -243.00M | -223.00M | -1.08B | 158.00M |
| Financing Cash Flow | -1.55B | -1.91B | -3.12B | -2.64B | -800.00M | -1.04B |
Kuehne + Nagel Technical Analysis
Negative
38.37
Price Trends
39.64
Negative
41.24
Negative
42.97
Negative
Market Momentum
-0.06
Negative
43.76
Neutral
21.87
Neutral
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 38.37 is below the 20-day moving average (MA) of 38.55, below the 50-day MA of 39.64, and below the 200-day MA of 42.97, indicating a bearish trend. The MACD of -0.06 indicates Negative momentum. The RSI at 43.76 is Neutral, neither overbought nor oversold. The STOCH value of 21.87 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
| ― | $59.89B | 14.83 | 14.98% | 2.23% | 1.14% | 4.99% | |
| ― | $81.72B | 14.90 | 33.67% | 6.79% | -1.27% | -2.25% | |
| ― | $18.18B | 31.23 | 34.32% | 1.61% | -7.08% | 71.39% | |
| ― | $22.71B | 17.09 | 50.33% | 6.00% | 16.15% | 3.45% | |
| ― | $16.54B | 19.89 | 39.01% | 1.23% | 23.70% | 31.33% | |
| ― | $16.89B | 51.71 | 19.26% | ― | -0.11% | -4.28% | |
| ― | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
KHNGY
Kuehne + Nagel
38.37
-10.28
-21.13%
CHRW
CH Robinson
153.99
53.73
53.59%
EXPD
Expeditors International
121.90
3.05
2.57%
XPO
XPO
143.87
10.37
7.77%
FDX
FedEx
253.82
-11.14
-4.20%
UPS
United Parcel
96.42
-28.65
-22.91%
Kuehne + Nagel Corporate Events
Kuehne & Nagel’s Mixed Q3 Earnings Call Analysis
Oct 24, 2025
Kuehne & Nagel International AG’s recent earnings call presented a mixed sentiment, highlighting both achievements and challenges. The company reported market share expansion and improvements in free cash flow, yet faced significant hurdles such as declines in EBIT, yield pressure, and overcapacity. Currency headwinds and difficulties in Road Logistics further complicated the financial landscape.
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.