German Undervalued Dividend Payers

Siemens

Market Cap: €184.9b

A technology company, focuses in the areas of automation and digitalization in Europe, Commonwealth of Independent States, Africa, the Middle East, the Americas, Asia, and Australia.

Deutsche Telekom

Market Cap: €130.6b

Provides integrated telecommunication services worldwide.

Bayerische Motoren Werke

Market Cap: €57.0b

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

Siemens Healthineers

Market Cap: €49.7b

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.

Talanx

Market Cap: €29.3b

Provides insurance and reinsurance products and services worldwide.

Daimler Truck Holding

Market Cap: €28.3b

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

Fresenius Medical Care

Market Cap: €11.5b

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

DWS Group GmbH KGaA

Market Cap: €11.3b

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

Deutsche Lufthansa

Market Cap: €10.1b

Operates as an aviation company in Germany and internationally.

Brenntag

Market Cap: €7.1b

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

Fielmann Group

Market Cap: €3.6b

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

freenet

Market Cap: €3.4b

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

Hugo Boss

Market Cap: €2.5b

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

Dermapharm Holding

Market Cap: €2.1b

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

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.

DEUTZ

Market Cap: €1.3b

Develops, manufactures, and sells diesel and gas engines in Germany, Rest of Europe, the Middle East, Africa, the Asia Pacific, and the United States.

Befesa

Market Cap: €1.1b

Offers environmental recycling services to the steel and aluminum industries in the European, Asian, and North American markets.

JOST Werke

Market Cap: €794.2m

Manufactures and supplies safety-critical systems for the commercial vehicle industry in Germany, Europe, North America, Asia, the Pacific, and Africa.

Mensch und Maschine Software

Market Cap: €742.6m

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.

CEWE Stiftung KGaA

Market Cap: €691.0m

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

INDUS Holding

Market Cap: €678.4m

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

SAF-Holland

Market Cap: €673.2m

Manufactures and sells chassis-related assemblies and components for trailers, trucks, semi-trailers, and buses.

GFT Technologies

Market Cap: €495.0m

Provides digital transformation services.

Schloss Wachenheim

Market Cap: €115.6m

Produces and distributes sparkling and semi-sparkling wine products in Europe, France, Poland, Romania, the Czech Republic, Slovakia, and Great.