Stock prices of prominent German companies are considered notably low, as per Morningstar's analysis.
In August, investors faced a turbulent market, but despite the subsided volatility, there are still stocks that are relatively cheaply priced. One such source of insight is Morningstar, which has published a list of 26 undervalued German stocks.
Morningstar, a renowned investment research firm, regularly evaluates over 1,700 stocks and assigns stars based on their perceived value. A metric below 1 indicates that a stock is undervalued according to Morningstar. Stocks that Morningstar considers undervalued receive four or five stars.
The list includes companies like Allianz and Commerzbank, which have been added to the list of 26 undervalued German stocks by Morningstar. Commerzbank's addition is noteworthy, as it joins the 20 remaining German companies considered significantly undervalued by Morningstar, besides the 5 most undervalued. These other companies are BASF, Bayer, Beiersdorf, Continental, Delivery Hero, Eon, Fresenius Medical Care, Henkel, Hugo Boss, Infineon Technologies, Mercedes-Benz, Merck, MTU Aero Engines, Puma, Rheinmetall, RWE, SAP, Sartorius, Siemens Healthineers, Symrise, Teamviewer, Volkswagen, Zalando, and Zeiss.
Delivery Hero, Puma, and Siemens are also new additions to the list of undervalued German stocks. Notably, Delivery Hero's inclusion suggests that even tech-focused companies are not immune to being undervalued in the current market.
It's important to note that the managing editor-in-chief of this publication, Mr. Frank Pöpsel, has positions in Volkswagen Vz.. Similarly, the CEO and majority shareholder of the publisher Boersenmedien AG, Mr. Bernd Förtsch, has positions in BASF, Bayer, Hugo Boss, Mercedes-Benz, Volkswagen Vz., Allianz, Commerzbank, Porsche AG, and Freenet. The CEO of the publisher Boersenmedien AG, Mr. Leon Müller, has positions in Hugo Boss and Commerzbank.
Boersenmedien AG has developed an index and holds the rights to it, and has concluded a cooperation agreement with the issuer of the displayed securities, receiving remuneration from the issuer. This could potentially influence the selection of stocks on the list. However, it's crucial to remember that this article aims to provide factual information and not to offer investment advice.
As always, it's advisable for investors to conduct their own research and consider seeking the advice of a financial advisor before making any investment decisions.
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