Pre-earnings: Kuehne + Nagel, the 'most attractive near-term prospect'
Tick-tock tick-tock…
Now, look at the key highlights of Kuehne + Nagel’s annual results released today.
All good, right?
Well, no – and not only because the shares plummeted 6%, closer to their 52-week lows.
Balance sheet
Look below at the left side of its balance sheet.
Goodwill and other intangibles are up 46.5%, while gross cash is down 30% – which typically means lower quality earnings, and heightened dividend risk, under normal circumstances.
But this is K+N ’The Great’, and it has something really innovative, financially, up ...
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Alex Lennane
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mobile: +44 7879 334 389
During August 2023, please contact
Alex Whiteman
email: [email protected]
Alessandro Pasetti
email: [email protected]
mobile: +44 7402 255 512
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