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Kuehne + Nagel International AG (KHNGF) Fair Value & Analysis

Industrials · US · Market cap $27.9B

KN Kuehne + Nagel International AG logo Kuehne + Nagel International AG KHNGF · US
Price$241.45
Fair Value$190.01
Upside-21.3%
Quality65/100
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Mixed Growth
Thin margins · 3.5% net margin
Low debt · generates free cash flow
3.29% dividend yield
Mixed vs. peers (6/15)
Moderate moat 52/100
Evidence: High Range $135.75 – $241.88 Share as image

Fair value as of: Jul 17, 2026

From 25 valuation models · updated 24 days ago

Fair value updated Jul 17, 2026, revised from $188.70 to $190.01 (+0.7%) since Jun 24, 2026. Share price −6.8% over the past month.

A solid business, but screening 21% overvalued on our models.

What matters now

  • Solid but not exceptional quality (65/100) and above fair value, neither a clear bargain nor a standout compounder.
  • Our model range runs from $135.75 (bear) to $241.88 (bull), base $190.01. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 65/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

$298.48 $76.49 Fair Value $190.01 Jul 2015 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range $76.49 – $298.48 · fair‑value band $135.75 – $241.88 · the $241.45 price screens above the $190.01 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.

Full chart & analysis →

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Analysis

Kuehne + Nagel International AG (KHNGF) currently trades at $241.45, while our model-based Fair Value estimate is $190.01, implying the stock looks roughly 21.3% overvalued today. The Quality Score stands at 65/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Kuehne + Nagel International AG generated revenue of $23.7B at a net margin of 3.5%. Revenue declined 11.5% year over year. It earns a return on equity of 32.3%. Net debt stands at $3.2B. Fundamentals as of Jul 17, 2026

Our scenario range runs from $135.75 (bear case) to $241.88 (bull case); at $241.45, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 2% below its 52-week high and 40% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -7% fair-value upside, at -21%, KHNGF screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF $141.26 $196.30 $270.80 80
Residual Income $42.59 $50.55 $188.86 76
Rev-Margin DCF $104.98 $153.46 $205.19 74
All 25 models by family
DCF Models
FCF DCF $136.93 $195.58 $278.20 38
Owner Earnings $137.38 $196.21 $279.10 31
5Y Revenue Exit $104.98 $151.42 $207.59 39
5Y EBITDA Exit $146.32 $224.30 $310.51 41
5Y P/E Exit $114.20 $167.68 $220.07 38
10Y Revenue Exit $113.11 $156.58 $208.46 36
10Y EBITDA Exit $141.53 $205.61 $282.85 37
10Y P/E Exit $121.52 $167.52 $217.48 35
Earnings-Based
Graham-Dodd $50.53 $111.74 $142.58 54
PEG = 1.0 $17.89 $25.56 $33.23 46
EPV $72.53 $84.79 $95.52 59
Dividend Discount
Gordon GGM $75.73 $120.84 $171.37 70
DDM Multi-Stage $75.73 $109.94 $148.36 61
Multiples
P/E Multiple $117.03 $156.04 $195.05 63
P/S Multiple $94.74 $126.32 $157.89 58
P/B Multiple $61.98 $82.64 $103.30 55
EV/EBIT $130.21 $173.97 $217.72 53
EV/EBITDA $173.99 $232.34 $290.68 54
EV/Revenue $92.64 $132.79 $172.94 43
Asset-Based
NCAV (Graham) $9.18 $12.30 $18.37 50
Growth DCF
Growth DCF $141.26 $196.30 $270.80 80
Rev-Margin DCF $104.98 $153.46 $205.19 74
Economic Profit
Residual Income $42.59 $50.55 $188.86 76
ROIC Compounder $74.68 $89.96 $105.22 72
Growth Earnings
Growth-Adj P/E $87.09 $124.41 $161.73 68

Widest divergence: DCF Models ($167.68) versus Asset-Based ($12.30). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) $23.7B
Revenue growth (YoY) -11.5%
Net margin 3.5%
Return on equity 32.3%
Free cash flow $1.6B FY2025
P/E ratio 26.5
More key figures
Operating margin 6.1%
EPS (TTM) $8.87
Dividend yield 3.3%
EPS growth (YoY) -15.9%
Net debt $3.2B FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 65/100

Of which business quality 64 · Market factors (momentum, volatility) 60

Profitability 64
Margins and returns on capital today
Quality Growth 18
Are margins and returns improving?
Cashflow 65
Earnings quality: real cash, not paper profit
Fin. Strength 60
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 54
Calm price path (market factor)
Momentum 60
Price trend over the last 3–12 months (market factor)
52W Momentum 68
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Kuehne + Nagel International AG, together with its subsidiaries, provides integrated logistics services in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific. The company operates through four segments: Sea Logistics, Air Logistics, Road Logistics, and Contract Logistics.

Full company description

Kuehne + Nagel International AG, together with its subsidiaries, provides integrated logistics services in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific. The company operates through four segments: Sea Logistics, Air Logistics, Road Logistics, and Contract Logistics. It offers full loads and less than container loads, reefer cold chain solutions for temperature-sensitive goods, order management, and VinLog, a wine, spirits, and drinks logistics solutions, as well as cargo insurance and customs brokerage; and air freight services, such as air charter services, time-critical logistics, sea-air logistics, airside logistics, customs clearance, and smart labels. The company also provides road logistics include full truck load, less than truck load, and groupage services; and fulfillment, warehouse, and distribution services, such as fulfilment operation, distribution and last mile delivery, in-plant, inventory and order management, packaging, returns management, waste management, custom, quality inspections, and value-added services. In addition, it offers customs clearances services comprising export and import customs clearance and transit services, one-stop digital customs solution, and customs and trade consultancy services, as well as inbound logistics for e-commerce and cross-border e-commerce. Further, the company operates various logistic projects, such as industrial, renewable, energy, marine logistics, one global system, engineering, and chartering, and offers CO2e emissions calculator for project logistics. Additionally, it offers sustainable logistics; and supply chain management services comprising 4PL integrated logistics and order management. The company serves aerospace, automotive, mobility, consumer, healthcare, high-tech and semiconductor, industrial, and perishables industries. The company was founded in 1890 and is based in Schindellegi, Switzerland. Kuehne + Nagel International AG operates as a subsidiary of Kuehne Holding AG.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Kuehne + Nagel International AG reported revenue of $24.5B in FY2025 versus $32.8B in FY2021, a compound −7.0%/yr. Reported net income was $882M in FY2025, compounding −18.8%/yr from FY2021.

Growth Quality 60/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
$24.5B
Latest YoY
−1.3%
Avg. growth/yr (3Y)
−14.7%
Avg. growth/yr (5Y)
+3.7%
Avg. growth/yr (23Y)
+5.6%
Revenue −7.0%/yr
FY21 $32.8B
FY22 $39.4B
FY23 $23.8B
FY24 $24.8B
FY25 $24.5B
Net income −18.8%/yr
FY21 $2.0B
FY22 $2.6B
FY23 $1.4B
FY24 $1.2B
FY25 $882M

KHNGF screens 21% overvalued. Compare with United Parcel Service, Inc →

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Cite: Fair Value Calculator (2026). "Kuehne + Nagel International AG Fair Value". https://www.fairvalue-calculator.com/stock/KHNGF

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Integrated Freight & Logistics · 219 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 65 · Top 25%
Fair Value upside −21% · Below median
Return on equity (TTM) 32% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 4% · Above median
Operating margin (TTM) 6% · Above median
Revenue growth -12% · Bottom 25%
Dividend yield (TTM) 3.3% · Above median
Debt / equity 0.40× · Higher than median

Valuation Multiples vs Integrated Freight & Logistics median · lower = cheaper

P/E (TTM) 26.5× · Pricier than 75% of peers
P/B 12.78× · Pricier than 75% of peers
P/S (TTM) 1.17× · Pricier than median
P/FCF 17.9× · Pricier than 75% of peers
EV/EBITDA 19.7× · Pricier than 75% of peers
PEG 2.37× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 5 · sector 45
FUTURE 0 · sector 8
PAST 100 · sector 26
HEALTH 80 · sector 94
DIVIDEND 66 · sector 55

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Integrated Freight & Logistics stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
United Parcel Service, Inc UPS $117.72 $104.58 -11%
FedEx Corporation FDX $314.69 $347.68 +10%
Deutsche Post AG DHL €57.22 €53.18 -7%
DSV A/S DSV kr 1,660 kr 712.57 -57%
J.B. Hunt Transport Services, Inc JBHT $291.41 $133.80 -54%
S.F. Holding 002352 ¥31.91 ¥48.64 +52%
C.H. Robinson Worldwide, Inc CHRW $193.50 $86.56 -55%
Expeditors International of Washington, Inc EXPD $172.02 $115.95 -33%
ZTO Express (Cayman) Inc 2057 HK$181.40 HK$241.93 +33%
Hyundai Glovis Co 086280 191,200 KRW 468,982 KRW +145%

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Frequently asked questions

Is Kuehne + Nagel International AG (KHNGF) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of $190.01 versus a price of $241.45, about −21% (overvalued).
What is the fair value of KHNGF?
Our model-based fair value for Kuehne + Nagel International AG is $190.01 (as of Jul 17, 2026), built from audited fundamentals. The current price is $241.45.
What is the quality score of KHNGF?
Kuehne + Nagel International AG has a Quality Score of 65/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Kuehne + Nagel International AG (KHNGF)?
Kuehne + Nagel International AG reported trailing-twelve-month revenue of about $23.7B (latest available figure, as of Jul 17, 2026).
What is the net profit margin of KHNGF?
The net profit margin of Kuehne + Nagel International AG is about 3.5%, meaning it keeps roughly 3.5% of revenue as net income. Based on the latest reported figures.
Does Kuehne + Nagel International AG pay a dividend?
Kuehne + Nagel International AG currently shows a dividend yield of about 3.29% relative to its recent price (as of Jul 17, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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