Frontierby eninvs

Language: EN / RU

← Region

Dell Technologies Inc. USD

Supplies PCs, servers, storage, and enterprise IT infrastructure and services.

At a glance: strengths & risks
✓Revenue growing (+58% y/y, Q2 2026)✓Profit growing (×3.6 y/y, Q2 2026)✓Margins improving (9%→13%, Q2 2026)✗Pricier than own history (EV/EBITDA 17.4 vs avg 9.1)

Sector: United States — large cap (SEC filings)

US_DELL

Price chart

424.3 USDDay -10.77%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
424.3 USD · -10.77%
Market cap
276.5 bn USD

Growth

Δ revenue y/y
57.7%
Δ EBITDA y/y
142.2%

Multiples

P/E (LTM)
24.3x
3y avg: 15.2x
P/B (FY)
—
P/E (ann.)
16.7x
EV/EBITDA (LTM)
17.4x
3y avg: 9.1x
EV/EBITDA (ann.)
12.2x

Cash return

Dividend yield
0.6%
FCF yield (LTM)
3.3%

Value creation

fundamental value/yr, % of market cap
Value created / year
+54.4%
↓ details

Liquidity

Daily turnover (US listing)
4.4 bln USD

Shares: yahoo_fundamentals_timeseries/DELL

Financial results

Monetary columns are in B USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueB USDOperating profitB USDD&AB USDEBITDAB USDNet profitB USDOperating CFB USDCapex + M&AB USDAssetsB USDEquityB USDROE (annualized)Net debtB USDSource
2026-07-31Q3 2026 (3M)OK47.0
y/y 57.7%
5.4
y/y 203.7%
0.8
y/y -1.0%
6.1
y/y 142.2%
4.1
y/y 255.1%
2.0-1.2127.4
y/y 42.9%
1.4
y/y —
143756.5%23.7SEC EDGAR
2026-05-01Q2 2026 (3M)OK43.8
y/y 87.5%
3.7
y/y 213.8%
0.8
y/y 2.7%
4.4
y/y 131.9%
3.4
y/y 256.3%
4.1-1.0114.9
y/y 32.3%
-1.4
y/y —
-710.0%20.3Link
2026-01-30Q1 2026 (3M)OK33.4
y/y 39.5%
3.1
y/y 43.2%
0.8
y/y -0.1%
3.9
y/y 31.8%
2.3
y/y 47.4%
4.7-0.8101.3
y/y 27.0%
-2.5
y/y —
-233.2%20.7Link
2025-10-31Q4 2025 (3M)OK27.0
y/y 10.8%
2.1
y/y 23.1%
0.8
y/y -1.2%
2.9
y/y 15.6%
1.5
y/y 31.7%
1.2-0.787.5
y/y 6.7%
-2.6
y/y —
-229.9%22.4Link
2025-08-01Q3 2025 (3M)OK29.8
y/y 19.0%
1.8
y/y 27.4%
0.8
y/y -2.8%
2.5
y/y 16.5%
1.2
y/y 31.2%
2.5-0.789.2
y/y 7.8%
-2.8
y/y —
-160.8%21.3Link
2025-05-02Q2 2025 (3M)OK23.4
y/y 5.1%
1.2
y/y 20.7%
0.7
y/y -7.8%
1.9
y/y 7.8%
1.0
y/y -3.2%
2.8-0.686.9
y/y 8.3%
-3.0
y/y —
-171.3%21.9Link
2025-01-31Q1 2025 (3M)OK23.9
y/y 7.2%
2.2
y/y 23.2%
0.8
y/y -8.0%
2.9
y/y 13.1%
1.5
y/y 10.2%
0.6-0.779.7
y/y -2.9%
-1.5
y/y —
-243.8%21.7Link
2024-11-01Q4 2024 (3M)OK24.4
y/y 9.5%
1.7
y/y 15.8%
0.8
y/y -6.9%
2.5
y/y 7.7%
1.2
y/y 16.8%
1.6-0.682.0
y/y -1.6%
-2.3
y/y —
-181.5%20.6Link
2024-08-02Q3 2024 (3M)OK25.0
y/y 9.1%
1.4
y/y 26.2%
0.8
y/y -5.7%
2.2
y/y 12.5%
0.9
y/y 117.4%
1.3-0.782.7
y/y -3.5%
-2.9
y/y —
-124.1%20.8Link
2024-05-03Q2 2024 (3M)OK22.2
y/y 6.3%
1.0
y/y -9.7%
0.8
y/y -1.1%
1.8
y/y -6.0%
1.0
y/y 71.0%
1.0-0.680.2
y/y -4.6%
-2.8
y/y —
-158.0%20.4Link
2024-02-02Q1 2024 (3M)OK22.3
y/y —
1.8
y/y —
0.8
y/y —
2.6
y/y —
1.4
y/y —
1.5-0.982.1
y/y -8.4%
-2.2
y/y —
-138.5%19.5Link
2023-11-03Q4 2023 (3M)OK22.3
y/y —
1.5
y/y —
0.8
y/y —
2.3
y/y —
1.0
y/y —
2.2-0.783.3
y/y —
-2.7
y/y —
-150.7%19.2Link
2023-08-04Q3 2023 (3M)OK22.9
y/y —
1.1
y/y —
0.8
y/y —
1.9
y/y —
0.4
y/y —
3.2-0.685.7
y/y —
-2.7
y/y —
-58.3%18.5Link
2023-05-05Q2 2023 (3M)OK20.9
y/y —
1.1
y/y —
0.8
y/y —
1.9
y/y —
0.6
y/y —
1.8-0.784.1
y/y —
-2.9
y/y —
-77.1%20.5Link
2023-02-03FY 2023 (12M)OK102.3
y/y —
5.8
y/y —
3.2
y/y —
8.9
y/y —
2.4
y/y —
3.6-3.089.6
y/y —
-3.1
y/y —
—21.9Link

Net debt structure (leases included, IFRS 16) 2026-07-31

Short-term debt (incl. ST leases)8 734
Long-term debt (incl. LT leases)26 537
− Cash & equivalents11 569
Net debt23 702

Net debt / LTM EBITDA: 1.4x

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

025 00050 00075 000100 000125 0002023 FY2024 FY2025 FY2026 FY

Year-over-year change

-20%-10%0%10%20%2023 FY2024 FY2025 FY2026 FY

Cash flow

Operating and investing cash flow (OCF + ICF) ($ mln)

02 0004 0006 0008 00010 0002023 FY2024 FY2025 FY2026 FY

Net debt / cash ($ mln)

05 00010 00015 00020 00025 0002023 FY2024 FY2025 FY2026 FY

Profit and cash

Profit is cash-backed
In a typical year of 2022–2026 operating cash flow came to 1.85x of reported net profit; after capex, 1.35x.
year20222023202420252026
cash flow / profit1.85x1.46x2.56x0.98x1.88x
accruals, % of assets-5.1%-1.2%-6.4%0.1%-5.2%
Last twelve months (to 2026-07-31): 1.05x of profit came back as operating cash flow.
net debt / EBITDA 1.9x · EBIT covers interest 5.2x · capex 0.8x of depreciation · dividends 20% of free cash flow · share count -3.6% a year
Read from the reported annual statements: cash flow / profit is the median of the yearly operating cash flow over net profit for the years shown; accruals are (profit − operating cash flow) / assets, the classic gap between what was booked and what was collected. A gap can be growth in working capital, capitalised costs, revaluations or profit from associates — the panel points at it, the statements explain it. Not investment advice.

Research & reviews

Our earnings breakdowns and investment notes on this issuer.

All research →

Fundamental value creation

Value the company creates per year, as a % of market cap

Value created per year: +54.4%

How this was calculated
1. EBITDA growth (latest quarter YoY, annualised)
[EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X (2026-07-31 vs 2025-08-01)
= (6 139 − 2 535) × 2.83
10 183
2. Current EV/EBITDA (LTM)
(Market cap + Net debt) ÷ EBITDA (LTM)
= (276 547 + 23 702) ÷ 17 346
17.3x
3. Target multiple
(Current EV/EBITDA + 12) ÷ 2
= (17.3 + 12) ÷ 2
14.7x
4. Cash flow (balance method, LTM)
Net-debt reduction + dividends + buybacks − equity issuance
= -2 368 + 815 + 2 875 − -531
1 322
5. Value created per year
(EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap
= (10 183 × 14.7 + 1 322) ÷ 276 547
+54.4%

Amounts in millions of the reporting currency. EBITDA growth is the latest quarter vs the same quarter a year ago, annualised.

Caveats:

  • equity issuance measured by share-count dilution at market, not the cash line

Revenue growth & acceleration

Growth accelerating ▲
Last-year revenue growth +19% vs +8% the year before — a +10.7 pp move. 3-year CAGR +4%.
revenue growth by year: 2024 -14% · 2025 +8% · 2026 +19%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

EV/EBITDA — daily history

Current 19.5x · 3-year 75th pct 14.2x

EV/EBITDA3-year 75th pct

Peer comparison

Group: technology (US). Every peer trades on the same market, so no adjustment is needed.

CompanyMarketCap, $bnEV/EBITDA
MICRON TECHNOLOGY INCUS1011.39.0x
ORACLE CORPUS395.115.6x
INTERNATIONAL BUSINESS MACHINES CORPUS244.619.1x
MICROSOFT CORPUS3889.819.4x
NVIDIA CORPUS4973.624.8x
INTEL CORPUS328.425.2x
TEXAS INSTRUMENTS INCUS274.726.2x
CISCO SYSTEMS, INC.US412.426.6x
Broadcom Inc.US1582.529.0x
Apple Inc.US5091.329.8x
ANALOG DEVICES INCUS204.232.4x
Arista Networks, Inc.US215.445.9x
Group median25.7x
Group average25.3x
This companyUS276.517.4x

Group median 25.7x; this company 17.4x — a 32% discount.

Group average 25.3x; against the average this company is at a 31% discount.

At the adjusted group median the market cap would be +52% versus today.

The gap and the implied upside are measured against the median: one richly priced peer moves an average, not a median. The market adjustment uses our coverage medians (US 19.4x, Russia 3.8x, South Africa 5.2x, Kazakhstan 7.7x, India 17.7x, Indonesia 4.6x); it is about where a name is listed, not what it does. Peer multiples come from the nightly rebuild of 2026-11-01; the company's own is live.

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2026-10-200.63 USDEx-dividend: 0.63 USD per sharePaidYahoo Finance (ex-div)
2026-07-210.63 USDEx-dividend: 0.63 USD per sharePaidYahoo Finance (ex-div)
2026-04-210.63 USDEx-dividend: 0.63 USD per sharePaidYahoo Finance (ex-div)
2026-01-200.525 USDEx-dividend: 0.525 USD per sharePaidYahoo Finance (ex-div)
2025-10-210.525 USDEx-dividend: 0.525 USD per sharePaidYahoo Finance (ex-div)
2025-07-220.525 USDEx-dividend: 0.525 USD per sharePaidYahoo Finance (ex-div)
2025-04-220.525 USDEx-dividend: 0.525 USD per sharePaidYahoo Finance (ex-div)
2025-01-220.445 USDEx-dividend: 0.445 USD per sharePaidYahoo Finance (ex-div)
2024-10-220.445 USDEx-dividend: 0.445 USD per sharePaidYahoo Finance (ex-div)
2024-07-230.445 USDEx-dividend: 0.445 USD per sharePaidYahoo Finance (ex-div)
2024-04-220.445 USDEx-dividend: 0.445 USD per sharePaidYahoo Finance (ex-div)
2024-01-220.37 USDEx-dividend: 0.37 USD per sharePaidYahoo Finance (ex-div)
2023-10-230.37 USDEx-dividend: 0.37 USD per sharePaidYahoo Finance (ex-div)
2023-07-240.37 USDEx-dividend: 0.37 USD per sharePaidYahoo Finance (ex-div)
2023-04-240.37 USDEx-dividend: 0.37 USD per sharePaidYahoo Finance (ex-div)
2023-01-240.33 USDEx-dividend: 0.33 USD per sharePaidYahoo Finance (ex-div)
2022-10-180.33 USDEx-dividend: 0.33 USD per sharePaidYahoo Finance (ex-div)
2022-07-190.33 USDEx-dividend: 0.33 USD per sharePaidYahoo Finance (ex-div)
2022-04-190.33 USDEx-dividend: 0.33 USD per sharePaidYahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of Dell Technologies Inc. — from primary filings.

Frequently asked questions

What is Dell Technologies Inc.'s P/E ratio?
Dell Technologies Inc. trades at a P/E of 24.3x (price to trailing 12-month earnings).
What is Dell Technologies Inc.'s EV/EBITDA?
Dell Technologies Inc. trades at 17.4x EV/EBITDA.
What is Dell Technologies Inc.'s dividend yield?
Dell Technologies Inc.'s trailing 12-month dividend yield is 0.6%.
What is Dell Technologies Inc.'s return on equity (ROE)?
Dell Technologies Inc.'s ROE is -233.2%.
What is Dell Technologies Inc.'s market capitalization?
Dell Technologies Inc.'s market cap is 276.5 bn USD.

See also: AI & Semiconductor Stocks by Valuation (2026): The Cheapest Ways to Own the AI Boom · The Cheapest Stocks in the World (2026): What Value Investing Says About Buying Cheap · global valuation map