Kuehne + Nagel International AG
KNIN: XSWX (CHE)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
CHF 479.00 | Fzwytzk | Bnpvgkzl |
Kuehne+Nagel and DSV Earnings: Third-Party Logistics Companies Squeezed in 2023
With Kuehne+Nagel and DSV, two giants of the logistics industry, reporting on the same day we get an excellent insight into the current state of the global shipping market. It’s telling when the two companies report EBIT down year over year between one third and one half and entitle the announcements a “very good result” and “solid financial performance.” Relative to their respective fair value estimates, we believe the shares of both are currently overvalued.