DCF Tool


Dell Technologies Inc – Data Processing, Hosting, and Related Services
Dell Technologies helps organizations and individuals build their digital future and transform how they work, live and play. The company provides customers with the industry's broadest and most innovative technology and services portfolio for the data era.
Analysis Results
Intrinsic Value $8,780.43
Latest Price $38.08
Relative Value 100% undervalued
Thoughts on this result? Let us know.
Cash Flow (Billions)
Analysis Parameters
New Ticker
Analysis Details
Growth Rate Projection

An exponential growth model was fit to the past cash flow data, giving more weight to more recent years. This model determined a growth rate estimate of 55.0%.

Weighted Average Cost of Capital (WACC)

The calculated WACC is 4.4%. This value is used as the default discount rate.

Value of Future Flows

Assuming a growth rate of 55.0%, the cash flows for the next 5 years are projected.

The present value of each year's flow is adjusted to present value using the discount rate.

Year Future flow (billion) Present value (billion)
2023 14.6 14.0
2024 22.6 20.8
2025 35.1 30.8
2026 54.4 45.7
2027 84.2 67.8
Terminal Value

Assuming the company was sold after the projection period at an exit multiple of 30, the terminal value of the company would be 2530 billion. This corresponds to a present value of 1950 billion.

Intrinsic Value Per Share

The total present value of the projected cash flows is 179 billion. Adding in the terminal value gives a total present value of 2130 billion.

There are presently 242.0 million outstanding shares, so the intrinsic value per share is 8780.43.

Financial Statements

The following data was to determine the past cash flows.

Current Assets 45,033,000,000
Current Cash 9,477,000,000
Current Liabilities 56,219,000,000
Current Debt 5,823,000,000
Non-Cash Working Capital (NCWC) -14,840,000,000
Change in NCWC 3,564,000,000
EBIT 4,659,000,000
Tax Provision 981,000,000
Depreciation and Amortization 4,551,000,000
Capital Expenditure -2,796,000,000
Unlevered Free Cash Flow 9,206,350,666
Current Assets 43,567,000,000
Current Cash 14,201,000,000
Current Liabilities 54,132,000,000
Current Debt 6,362,000,000
Non-Cash Working Capital (NCWC) -18,404,000,000
Change in NCWC -1,251,000,000
EBIT 5,144,000,000
Tax Provision 165,000,000
Depreciation and Amortization 5,390,000,000
Capital Expenditure -2,082,000,000
Unlevered Free Cash Flow 6,969,730,245
Current Assets 36,868,000,000
Current Cash 9,302,000,000
Current Liabilities 52,456,000,000
Current Debt 7,737,000,000
Non-Cash Working Capital (NCWC) -17,153,000,000
Change in NCWC -2,963,000,000
EBIT 2,622,000,000
Tax Provision -5,533,000,000
Depreciation and Amortization 6,143,000,000
Capital Expenditure -2,576,000,000
Unlevered Free Cash Flow 3,226,000,000

This analysis is provided for informational purposes only and does not constitute financial or investing advice. For more information on the advantages and limitations of DCF analysis see background. This information is provided on an "as is" basis. No warranty, expressed or implied, is made regarding accuracy, adequacy, completeness, legality, reliability or usefulness of any information. By using this site you agree that under no circumstances shall Valuation Tools LLC be held liable for any loss or damage caused by information obtained from this website including any articles, data, videos, its social media accounts, or any other materials.