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

Industrials · CH · Market cap CHF 24.9B

KN Kuehne + Nagel International AG KNIN · SW
PriceCHF 200.10
Fair ValueCHF 147.92
Upside-26.1%
Quality67/100
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Mixed Growth
Thin margins · 3.5% net margin
Low debt · generates free cash flow
2.94% dividend yield
Mixed vs. peers (6/15)
Moderate moat 55/100
Evidence: High Range CHF 104.19 – CHF 191.65 Share as image

Fair value as of: Jul 15, 2026

From 25 valuation models · updated 23 days ago

Share price −3.1% over the past month.

A solid business, but screening 26% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (CHF 191.65). The favourable scenario is already priced in.
  • Solid but not exceptional quality (67/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (CHF 104.19 to CHF 191.65) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

CHF 302.30 CHF 143.13 Fair Value CHF 147.92 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

60‑month range CHF 143.13 – CHF 302.30 · fair‑value band CHF 104.19 – CHF 191.65 · the CHF 200.10 price screens above the CHF 147.92 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

Kuehne + Nagel International AG (KNIN) currently trades at CHF 200.10, while our model-based Fair Value estimate is CHF 147.92, implying the stock looks roughly 26.1% overvalued today. We read business quality at 67/100 (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 CHF 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 CHF 3.2B. Fundamentals as of Jul 15, 2026

Our scenario range runs from CHF 104.19 (bear case) to CHF 191.65 (bull case); at CHF 200.10, the current price sits above 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 near its 52-week high and 41% 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 -26%, KNIN 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 CHF 141.19 CHF 196.20 CHF 270.67 80
Residual Income CHF 42.57 CHF 50.53 CHF 188.77 76
Rev-Margin DCF CHF 104.92 CHF 153.38 CHF 205.09 74
All 25 models by family
DCF Models
FCF DCF CHF 136.86 CHF 195.48 CHF 278.07 38
Owner Earnings CHF 137.31 CHF 196.11 CHF 278.97 31
5Y Revenue Exit CHF 104.92 CHF 151.35 CHF 207.48 39
5Y EBITDA Exit CHF 146.25 CHF 224.19 CHF 310.36 41
5Y P/E Exit CHF 111.06 CHF 162.16 CHF 212.18 38
10Y Revenue Exit CHF 113.06 CHF 156.50 CHF 208.36 36
10Y EBITDA Exit CHF 141.46 CHF 205.50 CHF 282.72 37
10Y P/E Exit CHF 119.54 CHF 163.77 CHF 211.75 35
Earnings-Based
Graham-Dodd CHF 50.50 CHF 111.68 CHF 142.51 54
PEG = 1.0 CHF 17.88 CHF 25.55 CHF 33.21 46
EPV CHF 72.49 CHF 84.75 CHF 95.47 59
Dividend Discount
Gordon GGM CHF 75.69 CHF 120.78 CHF 171.28 70
DDM Multi-Stage CHF 75.69 CHF 109.88 CHF 148.29 61
Multiples
P/E Multiple CHF 111.40 CHF 148.53 CHF 185.67 63
P/S Multiple CHF 94.69 CHF 126.25 CHF 157.82 58
P/B Multiple CHF 41.30 CHF 55.07 CHF 68.84 55
EV/EBIT CHF 137.87 CHF 184.17 CHF 230.47 53
EV/EBITDA CHF 173.91 CHF 232.22 CHF 290.54 54
EV/Revenue CHF 92.59 CHF 132.72 CHF 172.85 43
Asset-Based
NCAV (Graham) CHF 9.18 CHF 12.30 CHF 18.36 50
Growth DCF
Growth DCF CHF 141.19 CHF 196.20 CHF 270.67 80
Rev-Margin DCF CHF 104.92 CHF 153.38 CHF 205.09 74
Economic Profit
Residual Income CHF 42.57 CHF 50.53 CHF 188.77 76
ROIC Compounder CHF 74.64 CHF 89.91 CHF 105.17 72
Growth Earnings
Growth-Adj P/E CHF 83.15 CHF 118.79 CHF 154.43 68

Widest divergence: DCF Models (CHF 163.77) versus Asset-Based (CHF 12.30). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) CHF 23.7B
Revenue growth (YoY) -11.5%
Net margin 3.5%
Return on equity 32.3%
Free cash flow CHF 1.6B FY2025
P/E ratio 29.9
More key figures
Operating margin 6.1%
EPS (TTM) CHF 7.03
Dividend yield 2.9%
EPS growth (YoY) -15.9%
Net debt CHF 3.2B FY2025

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 67/100

Of which business quality 64 · Market factors (momentum, volatility) 70

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 79
Calm price path (market factor)
Momentum 64
Price trend over the last 3–12 months (market factor)
52W Momentum 71
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 CHF 24.5B in FY2025 versus CHF 32.8B in FY2021, a compound −7.1%/yr. Reported net income was CHF 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)
CHF 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 −7.1%/yr
FY21 CHF 32.8B
FY22 CHF 39.4B
FY23 CHF 23.8B
FY24 CHF 24.8B
FY25 CHF 24.5B
Net income −18.8%/yr
FY21 CHF 2.0B
FY22 CHF 2.6B
FY23 CHF 1.4B
FY24 CHF 1.2B
FY25 CHF 882M

KNIN screens 26% 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/KNIN

Earlier news

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

Peer Group

Integrated Freight & Logistics · 216 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 67 · Top 25%
Fair Value upside −26% · 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) 2.9% · Above median
Debt / equity 0.40× · Higher than median

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

P/E (TTM) 29.9× · Pricier than 75% of peers
P/B 14.15× · Pricier than 75% of peers
P/S (TTM) 1.30× · Pricier than 75% of peers
P/FCF 19.9× · Pricier than 75% of peers
EV/EBITDA 21.8× · Pricier than 75% of peers
PEG 2.62× · Pricier than 75% of peers

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 0 · sector 44
FUTURE 0 · sector 8
PAST 100 · sector 26
HEALTH 80 · sector 94
DIVIDEND 59 · sector 55

VALUE 0: the price sits above our fair-value range.

Insider activity: 45/100

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 15, 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 (KNIN) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of CHF 147.92 versus a price of CHF 200.10, about −26% (overvalued).
What is the fair value of KNIN?
Our model-based fair value for Kuehne + Nagel International AG is CHF 147.92 (as of Jul 15, 2026), built from audited fundamentals. The current price is CHF 200.10.
What is the quality score of KNIN?
Kuehne + Nagel International AG has a Quality Score of 67/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Kuehne + Nagel International AG (KNIN)?
Kuehne + Nagel International AG reported trailing-twelve-month revenue of about CHF 23.7B (latest available figure, as of Jul 15, 2026).
What is the net profit margin of KNIN?
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 3.35% relative to its recent price (as of Jul 15, 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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