Company Valuation: Dell Technologies Inc.

Fiscal Period: February 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 35,589 57,862 45,375 30,378 60,971 75,427 - -
Change - 62.58% -21.58% -33.05% 100.71% 23.71% - -
Enterprise Value (EV) 1 78,343 91,645 62,852 51,359 60,971 93,369 91,777 89,758
Change - 16.98% -31.42% -18.29% 18.71% 53.14% -1.7% -2.2%
P/E ratio 8.09x 18.3x 8.45x 13.1x 19.8x 18.5x 15.4x 12.6x
PBR -23x 23.4x -26.9x -10.2x - -65.7x - 10.3x
PEG - -0.6x 0.1x -0.2x 0.6x 0.6x 0.7x 0.6x
Capitalization / Revenue 0.38x 0.61x 0.45x 0.3x 0.69x 0.77x 0.72x 0.68x
EV / Revenue 0.85x 0.97x 0.62x 0.5x 0.69x 0.96x 0.87x 0.81x
EV / EBITDA 6.65x 7.19x 6.51x 4.76x 6.01x 8.44x 7.35x 6.52x
EV / EBIT 7.72x 8.49x 8.07x 5.95x 7.94x 11.2x 9.65x 8.54x
EV / FCF 11.7x 9.83x 8.37x 91.4x - 17.9x 11x 12.2x
FCF Yield 8.57% 10.2% 12% 1.09% - 5.58% 9.08% 8.18%
Dividend per Share 2 - - - 1.32 - 1.788 1.988 2.187
Rate of return - - - 3.11% - 1.68% 1.86% 2.05%
EPS 2 6.03 4.22 7.03 3.24 4.36 5.755 6.944 8.44
Distribution rate - - - 40.7% - 31.1% 28.6% 25.9%
Net sales 1 92,501 94,389 1,01,229 1,02,301 88,425 97,463 1,05,110 1,10,616
EBITDA 1 11,787 12,747 9,660 10,779 10,148 11,062 12,489 13,765
EBIT 1 10,148 10,798 7,785 8,637 7,678 8,300 9,508 10,507
Net income 1 4,616 3,250 5,563 2,442 3,211 4,094 5,399 6,303
Net Debt 1 42,754 33,783 17,477 20,981 - 17,941 16,350 14,331
Reference price 2 48.77 77.17 59.40 42.42 86.32 106.64 106.64 106.64
Nbr of stocks (in thousands) 7,29,736 7,49,804 7,63,885 7,16,128 7,06,335 7,07,309 - -
Announcement Date 27/02/20 25/02/21 24/02/22 02/03/23 29/02/24 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

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P/E ratio EV / Sales EV / EBITDA Yield (Y) Capi. ($)
18.53x0.96x8.44x+1.68%7.54TCr
12.49x0.72x7.37x+3.31%3.23TCr
17.94x2.75x11.27x+2.72%2.15TCr
9.77x0.91x4.92x+3.23%2.09TCr
11.47x0.21x3.79x+4.00%1.43TCr
22.77x2.58x14.55x+1.52%1.3TCr
12.2x0.54x9.12x+5.30%1.22TCr
13.11x0.21x6.85x+1.46%941.68Cr
14.39x0.32x6.21x+4.75%840.45Cr
13.97x0.19x6.64x+4.82%817.17Cr
Average 14.66x 0.94x 7.92x +3.28% 2.16TCr
Weighted average by Cap. 15.58x 1.03x 8.10x +2.75%
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Year-on-year evolution of the PER

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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