Market Pulse44Neutral

Dell Technologies Inc.Opportunity Rank #21(DELL) Intrinsic Value & DCF Analysis (2026)

Sector: Technology

Current Price

$418.99

Last updated: Jun 23, 2026

Price vs Intrinsic Value

$418.99
Price
$443.43
Intrinsic Value
Undervalued by 6%MOS: $354.74

Fundamental Score

66/100
Bullish

Weighted across 6 signals

Narrative Score

80/100
Strong

No change vs previous

Trend Score

97/100
Strong

As of 2026-06-22

The intrinsic value of Dell Technologies Inc. (DELL) is estimated at $443.43 per share based on a 10-year discounted cash flow (DCF) analysis. At the current price of $418.99, the stock appears undervalued relative to its projected cash flow fundamentals. This estimate assumes a 7.76% long-term growth rate and a 9.45% discount rate, reflecting expected future free cash flow and cost of capital.

The intrinsic value of Dell Technologies Inc. (DELL) is estimated at $443.43 per share based on a 10-year discounted cash flow (DCF) analysis. At the current price of $418.99, the stock appears undervalued relative to its projected cash flow fundamentals. This estimate assumes a 7.76% long-term growth rate and a 9.45% discount rate, reflecting expected future free cash flow and cost of capital.

Valuation Details

$443.43
5.83% upside
20% margin of safety: $354.74
Years: 10Growth Rate: 7.76%
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Capital Efficiency

Average Quarterly ROIC
12.33%
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
5.8% discount to price
60
FCF Yield
5.6% trailing FCF yield
89
ROIC vs WACC
ROIC 12.3% vs WACC 7.0% (1.8x)
88
Net Debt / FCF
1.3x net debt to FCF
52
Buybacks
Share count shrinking
80
FCF CAGR (5Y)
2.8% 5Y FCF CAGR
25
Strengths: FCF Yield, ROIC vs WACC. Concerns: FCF CAGR (5Y).

Narrative Details

80/100
Strong
Vs 6-Month Baseline:Average (60th pct)Weighted across 6 recent drivers
Trend: StableConfidence: 95%Updated: 19m ago
Sources: 232 (200 News · 32 Analyst)
Drivers(last 30 days)
169 news sentiment+4.9
18 regulatory scrutiny+0.6
3 upgrade headlines+0.2
6 earnings beat+0.2
2 downgrade headlines+0.1
2 analyst upgrades+0.1

Trend Details

97/100
StrongAs of 2026-06-22308 daily bars used
3M Relative Strength vs SPY+150.8%
6M Relative Strength vs SPY+216.5%
21 EMA vs 50 EMA+21.3%
Price vs 21 EMA94 · +11.9%
Price vs 50 EMA100 · +35.7%
21 EMA vs 50 EMA100 · +21.3%
3M RS vs SPY100 · +150.8%
6M RS vs SPY100 · +216.5%
Distance from 52W High80 · -10.1%

Investment Coach

Updating... 12d ago
BUYConfidence: 81%
Thesis
Dell Technologies Inc. is undervalued with an estimated fair value 23.2% above its current price, supported by strong fundamentals including a high ROIC exceeding its cost of capital by 5.3 points and a robust narrative score. The company demonstrates solid free cash flow yield, consistent buybacks, and a bullish fundamental outlook, making it a compelling buy opportunity.
Key Risk
A key risk is if Dell's ROIC falls below its cost of capital or if the valuation discount narrows significantly, undermining the investment 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.
Ask the Coach - Available with
Historical Growth Rates
Free Cash Flow- - -Trend CAGR: 7.76%5 Year CAGR: 2.82%

Free Cash Flow (in millions)

TTM202520242023202220212020201920182017201620152014
$15,498$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. is a worldwide technology leader that designs, develops, manufactures, markets, sells, and provides support for a broad spectrum of information technology (IT) solutions, products, and services. The company's business activities are structured into three primary segments: the Infrastructure Solutions Group (ISG), the Client Solutions Group (CSG), and VMware. The ISG division focuses on delivering enterprise-grade offerings, including both traditional and next-generation storage solutions, alongside various server configurations such as rack, blade, tower, and hyperscale models. This segment also provides networking products and related services aimed at helping corporate clients modernize their IT infrastructure, enrich end-user experiences, and accelerate critical business applications and processes. Complementary software, peripherals, and extensive support services—encompassing deployment, configuration, and extended warranties—are also part of its portfolio. The CSG segment addresses end-user computing requirements by offering personal computers like desktops, workstations, and notebooks, as well as displays and projectors. It further includes proprietary and third-party software, peripheral devices, and a full suite of support, installation, setup, and extended warranty services. The VMware division specializes in assisting customers with managing intricate IT landscapes, particularly concerning hybrid and multi-cloud environments, modern applications, network infrastructure, security protocols, and digital workspaces. Its services enable efficient resource management across private, multi-cloud, and multi-device setups. Furthermore, Dell Technologies offers information security solutions and cloud software, including Infrastructure-as-a-Service (IaaS), which empower customers to migrate, operate, and manage mission-critical applications within cloud-based IT environments. Founded in 1984, the company was initially known as Denali Holding Inc. before officially changing its name to Dell Technologies Inc. in August 2016. Its global headquarters are situated in Round Rock, Texas.