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DCF Valuation
Base-case fair value
$197.11
Intrinsic $262.82 · 25% MOS
Current price: $409.50
Base-case summary
Our base-case DCF for Dell Technologies Inc. (DELL) projects 10 years of free cash flow growth at 4.7% for years 1–5 and 2.4% for years 6–10, anchored to 4.7% historical FCF growth, then applies a 2.5% perpetual growth rate and a 8.0% discount rate. Starting from $9.4B in trailing free cash flow, this produces an intrinsic value of $262.82 per share. A 25% safety margin gives a fair value of $197.11, suggesting the stock is currently 52% overvalued against the $409.50 market price.
See 3 scenarios side by side
Conservative, Base, and Optimistic fair values, plus the sensitivity matrix and FCF history. Free account.
Model inputs
TTM Free Cash Flow
$9.4B
Cash & equivalents
$11.6B
Total debt
$31.9B
Shares outstanding
656M