Dell Technologies Intrinsic Value Calculation – DELL TECHNOLOGIES Reports Q2 FY2024 Earnings Results for August 31, 2023
September 13, 2023
🌥️Earnings Overview
On August 31, DELL TECHNOLOGIES ($NYSE:DELL) released its financial results for the second quarter of its FY2024, which ended on July 31, 2023. Total revenue was USD 22934.0 million, 13.2% lower than in the same quarter the previous year. Additionally, net income for Q2 was USD 462.0 million, 9.6% lower than in the same quarter of the prior year.
Price History
On Thursday, DELL TECHNOLOGIES reported its second quarter fiscal year 2024 earnings results for August 31, 2023. The stock opened at $56.0 and closed at $56.2, up by 1.0% from the last closing price of 55.7. This is a reflection of the company’s strength and resilience in a challenging economic climate. This is a testament to the company’s focus on cost control and an efficient balance sheet.
Overall, DELL TECHNOLOGIES’ second quarter fiscal year 2024 earnings results show that the company is performing well despite the challenges posed by the ongoing economic crisis. Investors should be encouraged by the strong financial performance and growth potential of the company. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Dell Technologies. More…
| Total Revenues | Net Income | Net Margin |
| 93.62k | 1.9k | 2.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Dell Technologies. More…
| Operations | Investing | Financing |
| 8.1k | -2.81k | -2.7k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Dell Technologies. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 85.66k | 88.33k | -3.81 |
Key Ratios Snapshot
Some of the financial key ratios for Dell Technologies are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 0.8% | 15.2% | 4.6% |
| FCF Margin | ROE | ROA |
| 5.6% | -92.1% | 3.1% |
Analysis – Dell Technologies Intrinsic Value Calculation
At GoodWhale, we have conducted an analysis of DELL TECHNOLOGIES‘ fundamentals. Our proprietary Valuation Line has revealed that the intrinsic value of DELL TECHNOLOGIES shares is around $60.7. Our analysis suggests that DELL TECHNOLOGIES is a good buy at the current market price. More…
Peers
In the technology industry, competition is fierce. Companies are constantly trying to one-up each other with new products and features. This is especially true for Dell Technologies Inc and its competitors: VMware Inc, NetApp Inc, and HP Inc. These companies are constantly trying to outdo each other, and it makes for an exciting and ever-changing landscape.
– VMware Inc ($NYSE:VMW)
VMWare Inc. is a publicly traded software company headquartered in Palo Alto, California. It was founded in 1998 and provides virtualization software for x86-64 computers. VMWare’s primary product is its hypervisor, which creates virtual machines on which other operating systems can be installed. VMWare also offers cloud computing, networking, and security products.
VMWare has a market capitalization of $45.57 billion as of 2022. The company’s return on equity is -1025.37%. VMWare provides virtualization software for x86-64 computers. The company’s primary product is its hypervisor, which creates virtual machines on which other operating systems can be installed. VMWare also offers cloud computing, networking, and security products.
– NetApp Inc ($NASDAQ:NTAP)
NetApp, Inc. is a leading data management, cloud storage, and data backup company. It has a market cap of 13.54B as of 2022 and a ROE of 100.42%. The company’s products and services are used by major corporations and governments around the world.
– HP Inc ($NYSE:HPQ)
HP Inc is a technology company that provides personal computing and other services. The company has a market cap of $25.64 billion and a return on equity of -225.66%. HP Inc is a leading provider of personal computing and other technology services. The company offers a wide range of products and services, including PCs, printers, scanners, and more. HP Inc is a publicly traded company listed on the New York Stock Exchange.
Summary
DELL TECHNOLOGIES‘ second quarter of FY2024 reported total revenue of USD 22934.0 million, a 13.2% decline from the same period last year. Reported net income for the quarter was USD 462.0 million, a 9.6% decrease from the previous year. This presents investors with an opportunity to buy into the company before it can potentially rebound following a challenging period.
DELL TECHNOLOGIES is a leader in the tech industry, offering a wide range of products and services, and is well-positioned to take advantage of any opportunities that arise in the future. Despite the current downturn, the company’s long-term outlook remains strong for investors.
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