Company Valuation: Dell Technologies Inc.

Data adjusted to current consolidation scope
Fiscal Period: January 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 42,961 28,652 59,897 73,503 75,838 265,122 - -
Change - -33.31% 109.05% 22.72% 3.18% 249.59% - -
Enterprise Value (EV) 1 60,438 49,633 78,525 94,437 95,813 282,943 278,117 278,440
Change - -17.88% 58.21% 20.26% 1.46% 195.31% -1.71% 0.12%
P/E Ratio 8x 12.3x 19.4x 16.5x 13.2x 23.4x 22x 18.5x
PBR -25.4x -9.66x -25.2x -50.1x -31.8x 203x 38.7x 73.3x
PEG - -0.2x 0.6x 0.4x 0.4x 0.2x 3.41x 1x
Capitalization / Revenue 0.42x 0.28x 0.68x 0.77x 0.67x 1.56x 1.41x 1.29x
EV / Revenue 0.6x 0.49x 0.89x 0.99x 0.84x 1.66x 1.48x 1.36x
EV / EBITDA 6.26x 4.6x 7.74x 8.6x 7.65x 15.1x 12.6x 11.4x
EV / EBIT 7.76x 5.75x 10.2x 11.1x 9.59x 18x 15.8x 14x
EV / FCF 8.05x 88.3x 13.3x 48.2x 11.2x 24.4x 21.1x 17.2x
FCF Yield 12.4% 1.13% 7.54% 2.07% 8.93% 4.1% 4.74% 5.81%
Dividend per Share 2 - 1.32 1.48 1.78 1.78 2.484 2.769 3.028
Rate of return - 3.3% 1.75% 1.69% 1.56% 0.61% 0.69% 0.75%
EPS 2 7.03 3.24 4.36 6.38 8.68 17.24 18.35 21.9
Distribution rate - 40.7% 33.9% 27.9% 20.5% 14.4% 15.1% 13.8%
Net sales 1 101,229 102,301 88,425 95,567 113,538 170,102 188,369 205,275
EBITDA 1 9,660 10,779 10,148 10,985 12,523 18,681 22,131 24,508
EBIT 1 7,785 8,637 7,678 8,529 9,991 15,751 17,567 19,960
Net income 1 5,563 2,442 3,211 4,592 5,936 11,215 12,084 14,277
Net Debt 1 17,477 20,981 18,628 20,934 19,975 17,821 12,995 13,318
Reference price 2 56.24 40.01 84.80 105.35 114.44 404.08 404.08 404.08
Nbr of stocks (in thousands) 763,885 716,128 706,335 697,705 662,690 648,108 - -
Announcement Date 24/02/22 02/03/23 29/02/24 27/02/25 26/02/26 - - -
1USD in Million2USD
Estimates

P/E Ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
23.73x1.66x15.15x0.61% 265B
77.78x19.29x52.72x0.29% 231B
22.24x1.77x9.28x1.16% 64.91B
23.76x0.45x8.73x1.69% 38.67B
25.61x4.09x16.16x1.59% 29.96B
21x0.36x10.84x0.68% 22.88B
10.86x0.48x5.87x4.88% 22.5B
39.14x22.25x32.28x1.2% 21.02B
14.43x0.57x11.29x4.95% 18.65B
44.35x - - 0.48% 18.47B
Average 30.29x 5.66x 18.04x 1.75% 73.27B
Weighted average by Cap. 40.93x 7.90x 26.41x 0.91%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  4. Valuation Dell Technologies Inc.
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