German Undervalued Dividend Payers

Deutsche Telekom

Market Cap: €152.6b

Provides integrated telecommunication services worldwide.

Deutsche Bank

Market Cap: €58.8b

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

Bayerische Motoren Werke

Market Cap: €54.0b

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

Siemens Healthineers

Market Cap: €44.9b

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.

Daimler Truck Holding

Market Cap: €32.9b

Manufactures and sells light, medium- and heavy-duty trucks and buses in Europe, North America, Asia, Latin America, and internationally.

Talanx

Market Cap: €26.8b

Provides insurance and reinsurance products and services worldwide.

DWS Group GmbH KGaA

Market Cap: €11.9b

Offers asset management services in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Fresenius Medical Care

Market Cap: €11.3b

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

Deutsche Lufthansa

Market Cap: €10.8b

Operates as an aviation company in Germany and internationally.

Brenntag

Market Cap: €8.5b

Engages in the distribution of chemicals and ingredients in Germany, the United States, the United Kingdom, China, Canada, Italy, Poland, France, and internationally.

Bechtle

Market Cap: €4.1b

Provides information technology (IT) services primarily in Europe.

freenet

Market Cap: €3.9b

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

Fielmann Group

Market Cap: €3.7b

Engages in vision care and audiology business in Germany, Switzerland, Austria, Spain, North America, and internationally.

Hugo Boss

Market Cap: €2.5b

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

Carl Zeiss Meditec

Market Cap: €2.2b

Operates as a medical technology company in Germany, rest of Europe, North America, and Asia.

Dermapharm Holding

Market Cap: €2.0b

Manufactures and sells off-patent branded pharmaceutical products in Germany, France, Spain, Austria, Switzerland, and internationally.

KSB SE KGaA

Market Cap: €2.0b

Manufactures and supplies pumps, valves, and related services worldwide.

Kontron

Market Cap: €1.4b

Provides Internet of Things software and solutions in Europe and internationally.

HORNBACH Holding KGaA

Market Cap: €1.3b

Through its subsidiaries, develops and operates do-it-yourself (DIY) megastores with garden centers in Germany and other European countries.

MLP

Market Cap: €793.2m

Provides financial services to private, corporate, and institutional clients in Germany.

INDUS Holding

Market Cap: €778.0m

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

CEWE Stiftung KGaA

Market Cap: €689.2m

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

Mensch und Maschine Software

Market Cap: €638.5m

Provides computer aided design, manufacturing, and engineering, product data management, and building information modeling/management solutions in Germany, Austria, Switzerland, the United Kingdom, Italy, France, Hungary, and internationally.

GFT Technologies

Market Cap: €430.5m

Provides digital transformation services.