Market Pulse50Neutral

Dell Technologies Inc.Opportunity Rank #63(DELL) Intrinsic Value & DCF Analysis (2026)

Sector: Technology

Current Price

$164.64

Last updated: Mar 24, 2026

Price vs Intrinsic Value

$164.64
Price
$423.66
Intrinsic Value
Undervalued by 157%MOS: $338.93

Fundamental Score

66/100
Bullish

Weighted across 6 signals

Narrative Score

80/100
Strong

No change vs previous

The intrinsic value of Dell Technologies Inc. (DELL) is estimated at $423.66 per share based on a 10-year discounted cash flow (DCF) analysis. At the current price of $164.64, the stock appears undervalued relative to its projected cash flow fundamentals. This estimate assumes a 7.43% long-term growth rate and an 8.50% discount rate (calculated: 7.90%), reflecting expected future free cash flow and cost of capital.

The intrinsic value of Dell Technologies Inc. (DELL) is estimated at $423.66 per share based on a 10-year discounted cash flow (DCF) analysis. At the current price of $164.64, the stock appears undervalued relative to its projected cash flow fundamentals. This estimate assumes a 7.43% long-term growth rate and an 8.50% discount rate (calculated: 7.90%), reflecting expected future free cash flow and cost of capital.

Valuation Details

$423.66
157.33% upside
20% margin of safety: $338.93
Years: 10Growth Rate: 7.43%
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Capital Efficiency

Average Quarterly ROIC
8.91%
Cost of Capital (estimated)7%
Value StatusCreating Value

The company is earning a higher return on invested capital than it costs to raise that capital — a sign of strong, efficient value creation.

Complete historical ROIC is available with
.

Fundamental Details

66/100
BullishWeighted across 6 signals
DCF Discount
157.3% discount to price
100
FCF Yield
12.4% trailing FCF yield
100
ROIC vs WACC
ROIC 8.9% vs WACC 7.0% (1.3x)
64
Net Debt / FCF
1.4x net debt to FCF
47
Buybacks
Share count flat
50
FCF CAGR (5Y)
0.5% 5Y FCF CAGR
25
Strengths: DCF Discount, FCF Yield. Concerns: FCF CAGR (5Y).

Narrative Details

80/100
Strong
Vs 6-Month Baseline:Above Avg (73rd pct)Weighted across 6 recent drivers
Trend: StableConfidence: 100%Updated: 1h ago
Sources: 187 (178 News · 9 Analyst)
Drivers(last 30 days)
129 news sentiment+2.8
38 regulatory scrutiny+1.5
8 earnings beat+0.4
Restructuring-0.2
Upgrade headlines+0.0
Margin pressure+0.0

Investment Coach

Updated 11h ago
BUYConfidence: 70%
Thesis
Dell Technologies Inc. is significantly undervalued with an estimated fair value 161% above its current price, supported by strong fundamentals and a healthy free cash flow yield of 12.4%. The company's improving narrative and constructive fundamentals, including a positive ROIC spread over WACC, underpin a bullish investment case.
Key Risk
A key risk is if Dell's return on invested capital falls below its cost of capital, undermining its profitability and valuation thesis.
Signals To Watch
  • Monitor whether valuation discount remains above 10%.
  • Confirm ROIC stays above cost of capital over coming quarters.
  • Follow narrative trend for meaningful shifts in the score direction.
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Historical Growth Rates
Free Cash Flow- - -Trend CAGR: 7.43%5 Year CAGR: 0.48%

Free Cash Flow (in millions)

TTM202520242023202220212020201920182017201620152014
$13,818$7,173$11,432$6,568$13,103$13,489$11,878$8,488$8,055$3,215$2,644$3,029$3,218

How Intrinziq Estimates Fair Value

Intrinziq estimates Dell Technologies Inc.'s intrinsic value using a discounted cash flow (DCF) model based on free cash flow trends and a market-based discount rate. The model projects future cash flows over ten years and discounts them using a market return assumption to estimate fair value.

Dell Technologies Inc.Technology

Dell Technologies Inc. designs, develops, manufactures, markets, sells, and supports information technology (IT) solutions, products, and services worldwide. The company 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. This segment 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; attached software and peripherals; and support and deployment, configuration, and extended warranty services. The CSG segment provides desktops, workstations, and notebooks; displays and projectors; attached and third-party software and peripherals, as well as support and deployment, configuration, and extended warranty services. The VMware segment supports customers in the areas of hybrid and multi-cloud, modern applications, networking, security, and digital workspaces, helping customers to manage IT resource across private clouds and complex multi-cloud, multi-device environments. Dell Technologies Inc. also provides information security; and cloud software and infrastructure-as-a-service solutions that enable customers to migrate, run, and manage mission-critical applications in cloud-based IT environments. 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.