DAX 40 stocks 2024: Analysis from Beiersdorf and Munich Re

DAX 40 stocks 2024: Analysis from Beiersdorf and Munich Re

According to a report by www.aktienwelt360.de,

The year 2024 is coming to an end and the DAX 40 was able to gain over 20% this year and reach new record levels. German stocks could have further potential, as they are still relatively cheaply valued compared to international standards. An analysis of the valuations of major automakers and the chemical industry shows that some stocks are trading with forward P/E ratios in the single digits.

Looking ahead to the coming year 2024, two potential candidates could emerge: Beiersdorf (WKN: 520000) and Munich Re (WKN: 843002). Beiersdorf shares have seen positive momentum this year, with the company recording double-digit sales growth on an organic basis. Munich Re is also benefiting from the current environment, particularly through the increased interest rates and the good operational development in all business segments. A further dividend increase is also expected in the coming year.

Both stocks have cheap valuations, which could provide upside potential. However, it remains to be seen whether the systematic risks across industries can be resolved, particularly in relation to the automotive and chemical industries. Despite the positive developments, investors should keep these factors in mind to make informed investment decisions for the coming year.

Frank Seehawer owns shares in Beiersdorf and Munich Re. Aktienwelt360 does not recommend any of the stocks mentioned.