Dell Technologies Inc.

XTRA:12DA Stock Report

Market Cap: €94.1b

Dell Technologies Valuation

Is 12DA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 12DA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 12DA (€116.7) is trading below our estimate of fair value (€149.51)

Significantly Below Fair Value: 12DA is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 12DA?

Key metric: As 12DA is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 12DA. This is calculated by dividing 12DA's market cap by their current earnings.
What is 12DA's PE Ratio?
PE Ratio24.3x
EarningsUS$4.10b
Market CapUS$99.50b

Price to Earnings Ratio vs Peers

How does 12DA's PE Ratio compare to its peers?

The above table shows the PE ratio for 12DA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.4x
1810 Xiaomi
33.4x19.8%HK$705.0b
A005930 Samsung Electronics
11.8x12.0%₩375.1t
2382 Quanta Computer
20.6x19.7%NT$1.1t
HPQ HP
12x2.0%US$37.7b
12DA Dell Technologies
24.3x14.9%€99.5b

Price-To-Earnings vs Peers: 12DA is expensive based on its Price-To-Earnings Ratio (24.3x) compared to the peer average (19.9x).

Price to Earnings Ratio vs Industry

How does 12DA's PE Ratio compare vs other companies in the European Tech Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
12DA 24.3xIndustry Avg. 22.2xNo. of Companies4PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 12DA is expensive based on its Price-To-Earnings Ratio (24.3x) compared to the Global Tech industry average (22.6x).

Price to Earnings Ratio vs Fair Ratio

What is 12DA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

12DA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio24.3x
Fair PE Ratio21.6x

Price-To-Earnings vs Fair Ratio: 12DA is expensive based on its Price-To-Earnings Ratio (24.3x) compared to the estimated Fair Price-To-Earnings Ratio (21.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 12DA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€116.70
€140.94
+20.8%
15.0%€208.03€108.74n/a24
Nov ’25€120.22
€133.24
+10.8%
16.3%€203.19€97.90n/a24
Oct ’25€103.04
€129.65
+25.8%
16.3%€197.03€94.93n/a24
Sep ’25€103.04
€135.75
+31.7%
15.1%€199.06€95.91n/a22
Aug ’25€102.80
€146.54
+42.6%
20.4%€219.46€59.44n/a22
Jul ’25€132.10
€144.87
+9.7%
20.9%€220.54€59.73n/a22
Jun ’25€122.08
€144.82
+18.6%
21.1%€221.23€59.92n/a22
May ’25€116.44
€117.43
+0.9%
17.5%€141.69€51.27n/a21
Apr ’25€105.50
€111.75
+5.9%
17.5%€138.87€50.25n/a20
Mar ’25€109.50
€105.98
-3.2%
21.0%€140.27€50.75n/a19
Feb ’25€76.32
€73.91
-3.2%
15.8%€87.51€42.38n/a18
Jan ’25€69.52
€71.11
+2.3%
15.9%€88.00€42.61n/a20
Dec ’24€66.42
€70.59
+6.3%
15.9%€87.35€42.30n/a20
Nov ’24€64.32
€66.80
+3.9%
15.9%€84.03€43.43€120.2219
Oct ’24€65.50
€65.00
-0.8%
14.3%€75.74€43.55€103.0419
Sep ’24€62.76
€59.28
-5.6%
12.9%€69.62€42.70€103.0420
Aug ’24€48.56
€49.36
+1.6%
9.9%€55.62€41.03€102.8020
Jul ’24€47.28
€47.68
+0.8%
9.6%€54.98€41.24€132.1019
Jun ’24€42.44
€45.21
+6.5%
10.8%€55.76€37.18€122.0818
May ’24n/a
€43.49
0%
8.9%€50.13€36.46€116.4417
Apr ’24n/a
€42.71
0%
10.3%€51.30€34.51€105.5018
Mar ’24€37.89
€45.92
+21.2%
12.0%€56.35€35.69€109.5018
Feb ’24€37.27
€44.98
+20.7%
12.2%€55.38€35.07€76.3218
Jan ’24€36.78
€47.14
+28.2%
15.4%€68.64€36.23€69.5218
Dec ’23€42.74
€47.14
+10.3%
15.4%€68.40€36.10€66.4218
Nov ’23€39.42
€52.99
+34.5%
16.8%€72.88€38.46€64.3218

Analyst Forecast: Target price is less than 20% higher than the current share price.

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