German Healthy potentially undervalued

ProCredit Holding

Market Cap: €479.4m

Provides commercial banking products and services for small and medium enterprises and private clients in Europe, South America, and Germany.

Münchener Rückversicherungs-Gesellschaft in München

Market Cap: €57.4b

Engages in the insurance and reinsurance businesses worldwide.

MTU Aero Engines

Market Cap: €16.9b

Engages in the development, manufacture, sale, and maintenance of commercial and military aircraft engines, and aero-derivative industrial gas turbines in Germany, other European countries, North America, Asia, and internationally.

Springer Nature KGaA

Market Cap: €3.8b

Engages in the publishing business in Germany, the United Kingdom, the United States, and internationally.

Nagarro

Market Cap: €502.2m

Provides digital product engineering and technology solutions in Germany, the United States, Europe, and internationally.

Bayerische Motoren Werke

Market Cap: €45.4b

Develops, manufactures, and sells automobiles and motorcycles, spare parts, and accessories worldwide.

Kontron

Market Cap: €1.5b

Engages in the provision of Internet of Things software and solutions in Europe and internationally.

Deutsche Telekom

Market Cap: €139.0b

Provides integrated telecommunication services worldwide.

Bayer

Market Cap: €35.9b

Operates as a life science company in Europe, the Middle East, Africa, Germany, Switzerland, North America, the United States, the Asia Pacific, China, Latin America, and Brazil.

INDUS Holding

Market Cap: €751.8m

A private equity firm specializing in mergers and acquisitions and corporate spin-offs.

DEUTZ

Market Cap: €1.6b

Engages in the development, production, distribution, maintenance, and servicing of diesel and gas engines in Germany, Rest of Europe, the Middle East, Africa, the Asia Pacific, and the United States.

Fresenius SE KGaA

Market Cap: €20.4b

A health care company, provides products and services for chronically ill patients in North America, Europe, the Asia-Pacific, Latin America, and Africa.

Platform Group SE KGaA

Market Cap: €56.8m

A software company, operates online platforms for B2B and B2C customers.

GFT Technologies

Market Cap: €565.0m

Provides digital transformation services.

Hannover Rück

Market Cap: €28.0b

Provides reinsurance products and services in Germany, the United Kingdom, France, Europe, the United States, Asia, Australia, Africa, and internationally.

Siemens Healthineers

Market Cap: €39.0b

Through its subsidiaries, develops, manufactures, and sells a range of diagnostic and therapeutic products and services to healthcare providers in Germany, the United States, rest of Europe, CIS, Africa, the Middle East, the Americas, the Asia Pacific, Japan, and China.

Aumovio

Market Cap: €4.0b

Engages in the development, production, and supply of hardware, software, and mobility solutions in Germany, Europe, North America, Asia-Pacific, and internationally.

SCHOTT Pharma KGaA

Market Cap: €2.7b

Develops, manufactures, and sells drug containment solutions and delivery systems for injectable drugs for pharma, biotech, and life science industries worldwide.

Deutsche Lufthansa

Market Cap: €10.3b

Operates as an aviation company in Europe, North America, Central and South America, Aisa/Pacific, the Middle East, and Africa.

Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien

Market Cap: €344.4m

Engages in the football business in Germany.

freenet

Market Cap: €3.0b

Provides telecommunications, broadcasting, and multimedia services for mobile communications/mobile internet, and digital lifestyle sectors in Germany.

Allianz

Market Cap: €144.2b

Provides property-casualty insurance, life/health insurance, and asset management products and services worldwide.

IONOS Group

Market Cap: €3.9b

Provides web presence and productivity, and cloud solutions for companies in Germany, the United States, the United Kingdom, Spain, France, Poland, and Austria.

HelloFresh

Market Cap: €622.2m

Operates as meal kit provider in the United States, Canada, and internationally.

Mercedes-Benz Group

Market Cap: €48.4b

Operates as an automotive company in Europe, Germany, North America, the United States, Asia, China, and internationally.

thyssenkrupp

Market Cap: €7.3b

Provides industrial and technology solutions and services in Germany and internationally.

TUI

Market Cap: €3.6b

Provides tourism services internationally.

Hugo Boss

Market Cap: €2.5b

Provides apparel, shoes, and accessories for men and women worldwide.

CEWE Stiftung KGaA

Market Cap: €691.2m

Operates as a photo service and online printing provider in Germany and internationally.

KSB SE KGaA

Market Cap: €1.6b

Supplies pumps, valves, and related services worldwide.

Deutsche Bank

Market Cap: €52.4b

A stock corporation, provides corporate and investment banking, private clients, and asset management products and services in Germany, the United Kingdom, the rest of Europe, the Americas, the Asia-Pacific, the Middle East, and Africa.

Fresenius Medical Care

Market Cap: €10.0b

Provides dialysis and related services for individuals with renal diseases in Germany, the United States, and internationally.

flatexDEGIRO

Market Cap: €3.6b

Provides online brokerage and IT solutions for banking and securities in Europe.

Südzucker

Market Cap: €2.3b

Produces and sells sugar products in Germany and internationally.

Bechtle

Market Cap: €4.2b

Provides information technology (IT) services in Germany, France, Benelux, and Europe.

Gesco

Market Cap: €144.2m

Operates in the process, resource, healthcare, and infrastructure technology sectors in Germany, rest of Europe, the United States, and internationally.