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Kuehne + Nagel International

DB:KNIA
Snowflake Description

Average dividend payer with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KNIA
DB
CHF17B
Market Cap
  1. Home
  2. DE
  3. Transportation
Company description

Kuehne + Nagel International AG, together with its subsidiaries, provides integrated logistics services worldwide. The last earnings update was 64 days ago. More info.


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KNIA Share Price and Events
7 Day Returns
0%
DB:KNIA
-2.7%
Europe Shipping
-0.6%
DE Market
1 Year Returns
-6.9%
DB:KNIA
-3.2%
Europe Shipping
-5.5%
DE Market
KNIA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Kuehne + Nagel International (KNIA) 0% 0% 0.4% -6.9% -2.1% 25.6%
Europe Shipping -2.7% 6.3% 8% -3.2% 5.8% -24.5%
DE Market -0.6% 4.9% 0.9% -5.5% 7.9% 14.2%
1 Year Return vs Industry and Market
  • KNIA underperformed the Shipping industry which returned -3.2% over the past year.
  • KNIA underperformed the Market in Germany which returned -5.5% over the past year.
Price Volatility
KNIA
Industry
5yr Volatility vs Market

Value

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

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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Kuehne + Nagel International.

DB:KNIA Discounted Cash Flow Data Sources
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 5.4%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:KNIA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Shipping Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.72 (1 + (1- 18%) (14.82%))
0.871
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.87
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.871 * 5.96%)
5.42%

Discounted Cash Flow Calculation for DB:KNIA 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.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:KNIA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CHF, Millions) Source Present Value
Discounted (@ 5.42%)
2020 862.86 Analyst x10 818.51
2021 840.57 Analyst x7 756.39
2022 936.50 Analyst x2 799.40
2023 1,029.00 Analyst x2 833.21
2024 1,076.41 Est @ 4.61% 826.80
2025 1,111.86 Est @ 3.29% 810.14
2026 1,138.25 Est @ 2.37% 786.74
2027 1,157.95 Est @ 1.73% 759.22
2028 1,172.76 Est @ 1.28% 729.41
2029 1,184.07 Est @ 0.96% 698.59
Present value of next 10 years cash flows CHF7,818.00
DB:KNIA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CHF1,184.07 × (1 + 0.23%) ÷ (5.42% – 0.23%)
CHF22,865.91
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CHF22,865.91 ÷ (1 + 5.42%)10
CHF13,490.74
DB:KNIA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CHF7,818.00 + CHF13,490.74
CHF21,308.74
Equity Value per Share
(CHF)
= Total value / Shares Outstanding
= CHF21,308.74 / 119.73
CHF177.97
DB:KNIA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:KNIA represents 0.88055x of SWX:KNIN
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.88055x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CHF) x Listing Adjustment Factor
= CHF 177.97 x 0.88055
€156.71
Value per share (EUR) From above. €156.71
Current discount Discount to share price of €126.05
= -1 x (€126.05 - €156.71) / €156.71
19.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Kuehne + Nagel International is available for.
Intrinsic value
20%
Share price is €126.05 vs Future cash flow value of €156.71
Current Discount Checks
For Kuehne + Nagel International to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • 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?
Raw Data
DB:KNIA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in CHF CHF6.36
SWX:KNIN Share Price ** SWX (2019-06-28) in CHF CHF143.15
Europe Shipping Industry PE Ratio Median Figure of 27 Publicly-Listed Shipping Companies 12.31x
Germany Market PE Ratio Median Figure of 423 Publicly-Listed Companies 20.29x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Kuehne + Nagel International.

DB:KNIA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SWX:KNIN Share Price ÷ EPS (both in CHF)

= 143.15 ÷ 6.36

22.49x

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 Germany market.
Price based on expected Growth
Does Kuehne + Nagel International's expected growth come at a high price?
Raw Data
DB:KNIA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 22.49x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts
7.3%per year
Europe Shipping Industry PEG Ratio Median Figure of 14 Publicly-Listed Shipping Companies 0.8x
Germany Market PEG Ratio Median Figure of 266 Publicly-Listed Companies 1.42x

*Line of best fit is calculated by linear regression .

DB:KNIA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 22.49x ÷ 7.3%

3.09x

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?
Raw Data
DB:KNIA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in CHF CHF15.73
SWX:KNIN Share Price * SWX (2019-06-28) in CHF CHF143.15
Europe Shipping Industry PB Ratio Median Figure of 43 Publicly-Listed Shipping Companies 0.74x
Germany Market PB Ratio Median Figure of 596 Publicly-Listed Companies 1.72x
DB:KNIA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SWX:KNIN Share Price ÷ Book Value per Share (both in CHF)

= 143.15 ÷ 15.73

9.1x

* 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.
X
Value checks
We assess Kuehne + Nagel International's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Shipping industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Shipping industry average (and greater than 0)? (1 check)
  5. 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.

Future Performance

 How is Kuehne + Nagel International expected to perform in the next 1 to 3 years based on estimates from 18 analysts?

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!
Annual Growth Rate
7.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Kuehne + Nagel International expected to grow at an attractive rate?
  • Kuehne + Nagel International's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Kuehne + Nagel International's earnings growth is positive but not above the Germany market average.
  • Kuehne + Nagel International's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:KNIA Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:KNIA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts 7.3%
DB:KNIA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 18 Analysts 3.9%
Europe Shipping Industry Earnings Growth Rate Market Cap Weighted Average 23.5%
Europe Shipping Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.2%

*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
Raw Data
DB:KNIA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 18 Analyst Estimates (S&P Global) See Below
All numbers in CHF Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:KNIA Future Estimates Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 25,471 1,918 1,046 2
2022-12-31 24,290 1,730 976 2
2021-12-31 22,889 1,625 930 10
2020-12-31 22,024 1,545 860 12
2019-12-31 21,477 1,348 790 12
2019-09-25
DB:KNIA Past Financials Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income *
2019-06-30 21,308 1,141 763
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

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Kuehne + Nagel International's earnings are expected to grow by 7.3% yearly, however this is not considered high growth (20% yearly).
  • Kuehne + Nagel International's revenue is expected to grow by 3.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:KNIA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 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 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:KNIA Future Estimates Data
Date (Data in CHF Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 8.73 9.66 7.79 2.00
2022-12-31 8.15 8.86 7.43 2.00
2021-12-31 7.76 8.59 7.09 11.00
2020-12-31 7.17 7.69 6.76 12.00
2019-12-31 6.60 6.98 6.43 12.00
2019-09-25
DB:KNIA Past Financials Data
Date (Data in CHF Millions) EPS *
2019-06-30 6.36
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

*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%).
X
Future performance checks
We assess Kuehne + Nagel International's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Kuehne + Nagel International has a total score of 2/6, 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.

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
Below we compare Kuehne + Nagel International's growth in the last year to its industry (Shipping).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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 negative, it can't be compared to the 5-year average.
  • Kuehne + Nagel International's 1-year earnings growth is negative, it can't be compared to the Europe Shipping industry average.
Earnings and Revenue History
Kuehne + Nagel International's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Kuehne + Nagel International Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:KNIA Past Revenue, Cash Flow and Net Income Data
Date (Data in CHF Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 21,308.00 763.00 6,484.00
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).
X
Past performance checks
We assess Kuehne + Nagel International's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Shipping industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
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.

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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of Kuehne + Nagel International's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 6.4x 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.
Raw Data

All data from Kuehne + Nagel International Company Filings, last reported 2 months ago.

DB:KNIA Past Debt and Equity Data
Date (Data in CHF Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 1,925.00 795.00 505.00
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 (41.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0.6% vs 41.3% today).
  • Debt is well covered by operating cash flow (143.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 59.5x coverage).
X
Financial health checks
We assess Kuehne + Nagel International's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Kuehne + Nagel International has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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.

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
Dividend payments
4.19%
Current annual income from Kuehne + Nagel International dividends. Estimated to be 4.52% next year.
If you bought €2,000 of Kuehne + Nagel International shares you are expected to receive €84 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Kuehne + Nagel International's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.4%).
  • Kuehne + Nagel International's dividend is above the markets top 25% of dividend payers in Germany (3.93%).
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.
Raw Data
DB:KNIA Annualized Past and Future Dividends
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 23 Stocks 2.6%
Germany Market Average Dividend Yield Market Cap Weighted Average of 335 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:KNIA Future Dividends Estimate Data
Date (Data in CHF) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 7.77 2.00
2022-12-31 7.33 2.00
2021-12-31 6.70 16.00
2020-12-31 6.35 17.00
2019-12-31 6.06 15.00
2019-09-25
DB:KNIA Past Annualized Dividends Data
Date (Data in CHF) Dividend per share (annual) Avg. Yield (%)
2019-02-27 6.000 4.284
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).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.1x coverage).
X
Income/ dividend checks
We assess Kuehne + Nagel International's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. 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)
  7. 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.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Detlef Trefzger
COMPENSATION CHF3,412,000
AGE 57
TENURE AS CEO 6.1 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 Germany.
Management Team Tenure

Average tenure and age of the Kuehne + Nagel International management team in years:

5.7
Average Tenure
56
Average Age
  • 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

TITLE
Chairman of Management Board & CEO
COMPENSATION
CHF3M
AGE
57
TENURE
6.1 yrs

Markus Blanka-Graff

TITLE
CFO & Member of the Management Board
AGE
52
TENURE
5.2 yrs

Martin Kolbe

TITLE
Chief Information Officer & Member of Management Board
AGE
58
TENURE
13.8 yrs

Lothar Harings

TITLE
Chief Human Resources Officer
AGE
59

Otto Schacht

TITLE
Executive VP of Global Seafreight & Member of Management Board
AGE
60

Stefan Paul

TITLE
Executive VP of Overland & Member of Management Board
AGE
50
TENURE
7.6 yrs

Gianfranco Sgro

TITLE
Executive VP of Contract Logistics & Member of Management Board
AGE
52
TENURE
4.6 yrs

Yngve Ruud

TITLE
Executive VP of Air Freight & Member of the Management Board
AGE
55
TENURE
2.9 yrs

Tobias Jerschke

TITLE
Senior Vice President of Global Integrated Logistics
TENURE
10.8 yrs

Thorsten Meincke

TITLE
Senior Vice President of Global Seafreight
TENURE
5.3 yrs
Board of Directors Tenure

Average tenure and age of the Kuehne + Nagel International board of directors in years:

4.3
Average Tenure
60.5
Average Age
  • The tenure for the Kuehne + Nagel International board of directors is about average.
Board of Directors

Jörg Wolle

TITLE
Chairman
COMPENSATION
CHF1M
AGE
62
TENURE
3.3 yrs

Karl Gernandt

TITLE
Vice Chairman
COMPENSATION
CHF608K
AGE
59
TENURE
3.3 yrs

Klaus-Michael Kuehne

TITLE
Honorary Chairman
COMPENSATION
CHF798K
AGE
82
TENURE
8.7 yrs

Riehen Staehelin

TITLE
Director
COMPENSATION
CHF204K
AGE
72
TENURE
41.7 yrs

Renato Fassbind

TITLE
Director
COMPENSATION
CHF207K
AGE
64
TENURE
8.3 yrs

Martin Wittig

TITLE
Director
COMPENSATION
CHF207K
AGE
55
TENURE
5.3 yrs

Hauke Stars

TITLE
Director
COMPENSATION
CHF191K
AGE
52
TENURE
3.3 yrs

David Kamenetzky

TITLE
Director
AGE
50
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Kuehne + Nagel International's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 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.

News

Simply Wall St News

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
KNIA
Exchange: DB
Founded: 1890
CHF15,805,131,022
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 UNSP ADR EACH REPR 0.20 ORD Pink Sheets LLC US USD 10. Dec 2008
DB KNIU UNSP ADR EACH REPR 0.20 ORD Deutsche Boerse AG DE EUR 10. Dec 2008
Number of employees
Current staff
Staff numbers
77,899
Kuehne + Nagel International employees.
Industry
Marine
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/09/25 21:10
End of day share price update: 2019/06/28 00:00
Last estimates confirmation: 2019/09/24
Last earnings filing: 2019/07/23
Last earnings reported: 2019/06/30
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.