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Dell Technologies

DB:12DA
Snowflake Description

Reasonable growth potential with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
12DA
DB
$40B
Market Cap
  1. Home
  2. DE
  3. Tech
Company description

Dell Technologies Inc. designs, develops, manufactures, markets, sells, and supports information technology (IT) products and services worldwide. The last earnings update was 68 days ago. More info.


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12DA Share Price and Events
7 Day Returns
6.7%
DB:12DA
-0%
DE Tech
0.6%
DE Market
1 Year Returns
-
DB:12DA
-9.5%
DE Tech
-12.4%
DE Market
12DA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Dell Technologies (12DA) 6.7% 26.9% - - - -
DE Tech -0% 7.2% 6.6% -9.5% 78.5% 63.4%
DE Market 0.6% 2% -1.8% -12.4% 9.8% 4%
1 Year Return vs Industry and Market
  • No trading data on 12DA.
  • No trading data on 12DA.
Price Volatility
Industry
5yr Volatility vs Market
Related Companies

12DA Value

 Is Dell Technologies undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Dell Technologies to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Dell Technologies.

DB:12DA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 11 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 18.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:12DA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 9.8%
Tech Unlevered Beta Simply Wall St/ S&P Global 0.93
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.928 (1 + (1- 21%) (123.14%))
1.83
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.83
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.83 * 9.77%)
18.11%

Discounted Cash Flow Calculation for DB:12DA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Dell Technologies is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:12DA DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (USD, Millions) 5,896.67 6,943.36 6,884.00 7,740.00 8,495.00
Source Analyst x5 Analyst x6 Analyst x2 Analyst x1 Analyst x1
Present Value
Discounted (@ 18.11%)
4,992.40 4,977.08 4,177.81 3,976.96 3,695.52
Present value of next 5 years cash flows $21,819.76
DB:12DA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= $8,495.00 × (1 + 0.23%) ÷ (18.11% – 0.23%)
$47,606.32
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= $47,606.32 ÷ (1 + 18.11%)5
$20,709.85
DB:12DA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= $21,819.76 + $20,709.85
$42,529.61
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $42,529.61 / 718.43
$51.13
DB:12DA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:12DA represents 0.86364x of NYSE:DELL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.86364x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 59.20 x 0.86364
€51.13
Value per share (EUR) From above. €51.13
Current discount Discount to share price of €47.50
= -1 x (€47.50 - €51.13) / €51.13
7.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Dell Technologies is available for.
Intrinsic value
7%
Share price is €47.5 vs Future cash flow value of €51.13
Current Discount Checks
For Dell Technologies to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Dell Technologies's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Dell Technologies's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Dell Technologies's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Dell Technologies's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:12DA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-11-02) in USD $-3.90
NYSE:DELL Share Price ** NYSE (2019-02-15) in USD $55
Europe Tech Industry PE Ratio Median Figure of 24 Publicly-Listed Tech Companies 15.36x
Germany Market PE Ratio Median Figure of 420 Publicly-Listed Companies 17.9x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Dell Technologies.

DB:12DA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:DELL Share Price ÷ EPS (both in USD)

= 55 ÷ -3.90

-14.09x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dell Technologies is loss making, we can't compare its value to the Europe Tech industry average.
  • Dell Technologies is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Dell Technologies's expected growth come at a high price?
Raw Data
DB:12DA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -14.09x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
68.8%per year
Europe Tech Industry PEG Ratio Median Figure of 12 Publicly-Listed Tech Companies 0.92x
Germany Market PEG Ratio Median Figure of 276 Publicly-Listed Companies 1.43x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Dell Technologies, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Dell Technologies's assets?
Raw Data
DB:12DA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-11-02) in USD $9.89
NYSE:DELL Share Price * NYSE (2019-02-15) in USD $55
Europe Tech Industry PB Ratio Median Figure of 31 Publicly-Listed Tech Companies 1.3x
Germany Market PB Ratio Median Figure of 566 Publicly-Listed Companies 1.76x
DB:12DA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:DELL Share Price ÷ Book Value per Share (both in USD)

= 55 ÷ 9.89

5.56x

* Primary Listing of Dell Technologies.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dell Technologies is overvalued based on assets compared to the Europe Tech industry average.
X
Value checks
We assess Dell Technologies's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Tech industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Tech industry average (and greater than 0)? (1 check)
  5. Dell Technologies has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

12DA Future Performance

 How is Dell Technologies expected to perform in the next 1 to 3 years based on estimates from 11 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
68.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Dell Technologies expected to grow at an attractive rate?
  • Dell Technologies's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Dell Technologies's earnings growth is expected to exceed the Germany market average.
  • Dell Technologies's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:12DA Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:12DA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 68.8%
DB:12DA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 4%
Europe Tech Industry Earnings Growth Rate Market Cap Weighted Average 11.4%
Europe Tech Industry Revenue Growth Rate Market Cap Weighted Average 8.7%
Germany Market Earnings Growth Rate Market Cap Weighted Average 9.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:12DA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:12DA Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-01-31 109,517 1
2023-01-31 106,576 10,095 1,789 2
2022-01-31 103,182 9,340 723 2
2021-01-31 98,301 8,411 1,619 8
2020-01-31 94,113 8,407 -559 11
2019-01-31 90,904 7,884 -2,343 11
DB:12DA Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-11-02 88,363 7,691 -2,990
2018-08-03 85,437 8,497 -2,960
2018-05-04 82,016 7,684 -3,193
2018-02-02 78,660 6,810 -3,728
2017-11-03 77,151 4,484 -4,129
2017-08-04 73,842 2,599 -4,909
2017-05-05 67,401 2,657 -4,438
2017-02-03 61,642 2,309 -3,691
2016-10-28 54,247 2,540 -2,479
2016-07-29 50,674 3,245 -1,117
2016-04-29 50,627 2,994 -1,146
2016-01-29 50,911 2,162 -1,168

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Dell Technologies's earnings are expected to grow significantly at over 20% yearly.
  • Dell Technologies's revenue is expected to grow by 4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:12DA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below

All data from Dell Technologies Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:12DA Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-01-31
2023-01-31 2.34 2.34 2.34 1.00
2022-01-31 0.95 0.95 0.95 1.00
2021-01-31 -1.64 -1.14 -2.14 2.00
2020-01-31 -1.89 -0.35 -2.99 6.00
2019-01-31 -3.17 -2.70 -3.39 7.00
DB:12DA Past Financials Data
Date (Data in USD Millions) EPS *
2018-11-02 -3.90
2018-08-03 -3.85
2018-05-04 -4.15
2018-02-02 -4.84
2017-11-03 -5.35
2017-08-04 -5.64
2017-05-05 -5.70
2017-02-03 -5.37
2016-10-28 -4.17
2016-07-29 -2.76
2016-04-29 -2.83
2016-01-29 -2.88

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Dell Technologies is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess Dell Technologies's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Dell Technologies has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

12DA Past Performance

  How has Dell Technologies performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Dell Technologies's growth in the last year to its industry (Tech).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Dell Technologies does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Dell Technologies's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Dell Technologies's 1-year growth to the Europe Tech industry average as it is not currently profitable.
Earnings and Revenue History
Dell Technologies's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Dell Technologies Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:12DA Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-11-02 88,363.00 -2,990.00 20,136.00 4,422.00
2018-08-03 85,437.00 -2,960.00 19,726.00 4,353.00
2018-05-04 82,016.00 -3,193.00 19,305.00 4,271.00
2018-02-02 78,660.00 -3,728.00 18,957.00 4,317.00
2017-11-03 77,151.00 -4,129.00 18,350.00 4,524.00
2017-08-04 73,842.00 -4,909.00 18,278.00 4,296.00
2017-05-05 67,401.00 -4,438.00 15,755.00 3,447.00
2017-02-03 61,642.00 -3,691.00 13,220.00 2,572.00
2016-10-28 54,247.00 -2,479.00 10,538.00 1,604.00
2016-07-29 50,674.00 -1,117.00 7,983.00 1,028.00
2016-04-29 50,627.00 -1,146.00 7,904.00 1,034.00
2016-01-29 50,911.00 -1,168.00 7,851.00 1,031.00
2015-10-30 52,493.00 -1,346.00 8,034.00 1,068.00
2015-07-31 54,183.00 -1,343.00 8,456.00 1,107.00
2015-05-01 55,897.00 -1,360.00 8,939.00 1,154.50
2015-01-30 54,142.00 -1,108.00 8,272.00 915.00
2014-08-01 57,283.00 -2,653.00 9,575.00 1,185.00
2014-05-01 57,050.00 -2,142.00 9,205.00 1,207.50
2014-01-31 56,377.00 -1,705.00 8,906.00 1,223.00
2013-08-02 56,623.00 1,339.00 8,290.00 1,210.00
2013-05-03 56,592.00 1,867.00 8,215.00 1,151.00
2013-02-01 56,940.00 2,372.00 8,010.00 1,061.00
2012-11-02 58,657.00 2,606.00 8,276.00 1,001.00
2012-08-03 60,301.00 3,024.00 8,310.00 951.00
2012-05-04 61,476.00 3,182.00 8,572.00 895.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Dell Technologies has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Dell Technologies has efficiently used its assets last year compared to the Europe Tech industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Dell Technologies improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Dell Technologies's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Tech industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Dell Technologies has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

12DA Health

 How is Dell Technologies's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Dell Technologies's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Dell Technologies's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Dell Technologies's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Dell Technologies's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Dell Technologies Company Filings, last reported 3 months ago.

DB:12DA Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-11-02 14,425.00 48,657.00 17,474.00
2018-08-03 15,211.00 49,558.00 17,816.00
2018-05-04 16,980.00 51,903.00 17,726.00
2018-02-02 14,987.00 51,871.00 16,129.00
2017-11-03 15,226.00 51,651.00 13,714.00
2017-08-04 16,936.00 49,060.00 11,228.00
2017-05-05 17,390.00 49,796.00 11,174.00
2017-02-03 19,009.00 49,390.00 11,449.00
2016-10-28 19,819.00 55,672.00 10,679.00
2016-07-29 2,191.00 36,336.00 7,226.00
2016-04-29 1,567.00 13,144.00 6,139.00
2016-01-29 1,466.00 13,631.00 6,322.00
2015-10-30 1,689.00 13,930.00 5,982.00
2015-07-31 1,865.00 14,569.00 6,294.00
2015-05-01 2,904.00 14,155.00 5,398.00
2015-01-30 2,904.00 14,155.00 5,398.00
2014-08-01
2014-05-01 4,014.00 17,415.00 6,449.00
2014-01-31 4,014.00 17,415.00 6,449.00
2013-08-02 10,781.00 6,812.00 11,828.00
2013-05-03 10,760.00 7,256.00 10,905.00
2013-02-01 10,701.00 9,085.00 12,777.00
2012-11-02 10,198.00 9,044.00 11,272.00
2012-08-03 9,746.00 8,448.00 11,891.00
2012-05-04 9,357.00 9,001.00 13,715.00
  • Dell Technologies's level of debt (337.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (167% vs 337.3% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Dell Technologies has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Dell Technologies has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -54.3% per year.
X
Financial health checks
We assess Dell Technologies's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Dell Technologies has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

12DA Dividends

 What is Dell Technologies's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Dell Technologies dividends. Estimated to be 0% next year.
If you bought €2,000 of Dell Technologies shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Dell Technologies's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Dell Technologies's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:12DA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
Europe Tech Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 2.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 330 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:12DA Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-01-31
2023-01-31
2022-01-31
2021-01-31 0.00 3.00
2020-01-31 0.00 4.00
2019-01-31 0.00 4.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Dell Technologies has not reported any payouts.
  • Unable to verify if Dell Technologies's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Dell Technologies's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Dell Technologies has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Dell Technologies's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Dell Technologies's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Dell Technologies afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Dell Technologies has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

12DA Management

 What is the CEO of Dell Technologies's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Michael Dell
COMPENSATION $2,755,901
AGE 53
CEO Bio

Mr. Michael S. Dell has been the Chief Executive Officer at Dell Corporation Limited since 1992. Mr. Dell serves as the Chief Executive Officer at Dell Technologies Inc. since October 2013. He has deep technology industry experience. He founded MSD Capital, L.P. in 1998 for the purpose of managing his and his family’s investments. In 1999, he and his wife established the Michael & Susan Dell Foundation to provide philanthropic support to a variety of global causes. He serves as a Director at Pivotal Software, Inc. since September 2016. He is the Founder of MSDC Management, L.P. He founded Dell Inc. in 1984 and is its Chief Executive Officer since January 31, 2007 and Chairman since 1984, since the closing of Dell Inc.’s going-private transaction in October 2013, Denali Holding Inc. He is the Founder of MSD Partners, L.P. He has been an Executive Officer of Compellent Technologies, Inc. since February 22, 2011. He served as the Chief Executive Officer of Dell Inc. from 1984 to July 2004. He was a Partner of SkyBridge Capital II, LLC. He served as the Chief Executive Officer of Ventures. He serves as the Chairman of Dell Corporation Limited and Dell Technologies Inc. since October 2013. He has been the Non-Executive Chairman of SecureWorks Corp. since December 11, 2015. He has been the Chairman of VMware, Inc. since September 7, 2016. Mr. Dell served as the Chairman of Dell Ventures. He has been a Non-Independent Director of Dell Inc. since May 1984. He serves as a Director of Catalyst Inc. He has been an Executive Director of Dell Technologies Inc. since October 2013. He has been a Director of Startup America Partnership, LLC since August 23, 2011. He serves as the President of The Michael and Susan Dell Foundation having co-founded in 1999 to provide philanthropic support to a variety of global causes. He serves as a Member of the Technology CEO Council and is a Member of the U.S. Business Council and the Business Roundtable. He also serves as a Member of Governing Board of Indian School of Business in Hyderabad, India. He serves as a Board Member of Catalyst, Inc. He is an Honorary Member of the Foundation Board of World Economic Forum. In June 2014, Mr. Dell was named the United Nations foundation’s first Global Advocate for Entrepreneurship.

CEO Compensation
  • Michael's compensation has been consistent with company performance over the past year.
  • Michael's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Dell Technologies management team in years:

2.4
Average Tenure
54
Average Age
  • The tenure for the Dell Technologies management team is about average.
Management Team

Michael Dell

TITLE
Chairman & CEO
COMPENSATION
$3M
AGE
53

Tom Sweet

TITLE
Executive VP & CFO
COMPENSATION
$4M
AGE
58
TENURE
5.1 yrs

Jeff Clarke

TITLE
Vice Chairman of Products & Operations
COMPENSATION
$5M
AGE
55
TENURE
1.4 yrs

Rory Read

TITLE
Chief Operating Executive & President of Virtustream
COMPENSATION
$6M
AGE
56
TENURE
3.2 yrs

Marius Haas

TITLE
President & Chief Commercial Officer
COMPENSATION
$3M
AGE
50
TENURE
2.4 yrs

Maya McReynolds

TITLE
Senior VP of Corporate Finance & Chief Accounting Officer

Rob Williams

TITLE
Senior Vice President of Investor Relations

Rich Rothberg

TITLE
General Counsel & Secretary
AGE
54
TENURE
5.3 yrs

Allison Dew

TITLE
Chief Marketing Officer
AGE
49
TENURE
0.9 yrs

Steve Price

TITLE
Chief Human Resources Officer
AGE
54
TENURE
2.4 yrs
Board of Directors Tenure

Average tenure and age of the Dell Technologies board of directors in years:

2.4
Average Tenure
57.5
Average Age
  • The average tenure for the Dell Technologies board of directors is less than 3 years, this suggests a new board.
Board of Directors

Michael Dell

TITLE
Chairman & CEO
COMPENSATION
$3M
AGE
53

Ellen Kullman

TITLE
Director
COMPENSATION
$325K
AGE
62
TENURE
2.4 yrs

Simon Patterson

TITLE
Director
AGE
45
TENURE
5.3 yrs

Egon Durban

TITLE
Director
AGE
45
TENURE
5.3 yrs

Bill Green

TITLE
Director
COMPENSATION
$300K
AGE
64
TENURE
2.4 yrs

Dave Dorman

TITLE
Director
COMPENSATION
$325K
AGE
64
TENURE
2.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Dell Technologies's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Dell Technologies has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

12DA News

Simply Wall St News

12DA Company Info

Map
Description

Dell Technologies Inc. designs, develops, manufactures, markets, sells, and supports information technology (IT) products and services worldwide. It operates through three segments: Infrastructure Solutions Group (ISG), Client Solutions Group (CSG), and VMware. The ISG segment provides traditional and next-generation storage solutions; and rack, blade, tower, and hyperscale servers. It also offers networking products and services that help its business customers to transform and modernize their infrastructure, mobilize and enrich end-user experiences, and accelerate business applications and processes; and attached software, and peripherals, as well as support and deployment, configuration, and extended warranty services. The CSG segment offers desktops, notebooks, and workstations; displays and projectors; third-party software and peripherals; and support and deployment, configuration, and extended warranty services. The VMware segment offers compute, management, cloud, and networking, as well as security storage, mobility, and other end-user computing infrastructure software to businesses that provides a flexible digital foundation for the applications that empower businesses to serve their customers globally. The company also offers cloud-native platform that makes software development and IT operations a strategic advantage for customers; information security and cybersecurity solutions; cloud software and infrastructure-as-a-service solutions that enable customers to migrate, run, and manage mission-critical applications in cloud-based IT environments; cloud-based integration services; and financial services. The company was formerly known as Denali Holding Inc. and changed its name to Dell Technologies Inc. in August 2016. Dell Technologies Inc. was founded in 1984 and is headquartered in Round Rock, Texas.

Details
Name: Dell Technologies Inc.
12DA
Exchange: DB
Founded: 1984
$35,048,832,205
718,434,605
Website: http://www.delltechnologies.com
Address: Dell Technologies Inc.
One Dell Way,
Round Rock,
Texas, 78682,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE DELL Class C Common Shares New York Stock Exchange US USD 28. Dec 2018
DB 12DA Class C Common Shares Deutsche Boerse AG DE EUR 28. Dec 2018
MUN 12DA Class C Common Shares Boerse Muenchen DE EUR 28. Dec 2018
WBAG DELL Class C Common Shares Wiener Boerse AG AT EUR 28. Dec 2018
BMV DELLC * Class C Common Shares Bolsa Mexicana de Valores MX MXN 28. Dec 2018
DB 12D Class V Common Stock Deutsche Boerse AG DE EUR 10. Aug 2016
Number of employees
Current staff
Staff numbers
145,000
Dell Technologies employees.
Industry
Technology Hardware, Storage and Peripherals
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/16 00:04
End of day share price update: 2019/02/15 00:00
Last estimates confirmation: 2019/02/15
Last earnings filing: 2018/12/10
Last earnings reported: 2018/11/02
Last annual earnings reported: 2018/02/02


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.