Kuehne + Nagel International AG
KNIN: XSWX (CHE)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
CHF 734.00 | Pnxky | Rdmshcl |
Kuehne+Nagel Earnings: No End in Sight to the Squall
Narrow-moat logistics firm Kuehne+Nagel rounded off a tumultuous 2023 with fourth-quarter numbers showing no end in sight to the malaise in global shipping. Revenue for the year fell by a whopping 40% year over year, while EBIT fell by half. We reiterate our CHF 220 fair value estimate and see the shares as overvalued currently.