Dell Technologies: A financial review Krystal utkin | fin571 | March 23, 2020 | Dr. Edward haynes Summary of Contents The company and its ticker symbol Cash flow from operations Price-to-earnings ratio Stock dividends and the yield, if any Earnings per share ratio Revenue estimates for the next 12 months Revenue from the previous 3 years Statement of cash flows and identify net cash from operating, investing, and financing activities over the past 3 years Average trade volume. Current stock price, 52-week high, and 1-year estimated stock price Analysts’ recommendations for the stock (buy,sell, hold) Market cap for the company 2 IntroductionCEOMichael S. DellCEO TitleChairman & Chief Executive OfficerSectorTechnologyIndustryComputers, Office EquipmentHQ LocationRound Rock, TexasWebsitehttp://www.delltechnologies.comYears on Fortune 500 List25Employees157,000 Company Info https://fortune.com/fortune500/2019/dell-technologies/ Dell Technologies has recently returned as one of the largest fortune 500 publicly traded companies. Michael Dell, the CEO has been on this list for well over 25 years. DELL is leading in the technology sector of the Computers and Office eqwuipment Industry with its HQ location in Round Rock, Texas. With over 157 thousand employees, DELL is definitely leading the charge. (Fortune, 2020). PREVIOUS RANK 35 REVENUES ($M) $90,621.0 REVENUE PERCENT CHANGE 15.2% PROFITS ($M) $-2,310.0 PROFITS PERCENT CHANGE - ASSETS ($M) $111,820.0 EMPLOYEES 157,000 Fortune. (2020). Dell Technologies. Retrieved from https://fortune.com/fortune500/2019/dell-technologies/ 3 4 5 Earnings Price to Earnings Ratio: 6.42 Earnings Per Share: 6.05 This Photo by Unknown Author is licensed under CC BY-SA-NC As of today (2020-03-25), Dell Technologies's share price is $38.83. Dell Technologies’ EPS for the trailing twelve months (TTM) ended in Jan. 2020 was $6.05. Therefore, Dell Technologies's P/E ratio for today is 6.42. During the past 6 years, Dell Technologies's highest P/E Ratio was 17.67. Guru Focus. (n.d.). P.E. Ratio. Dell Technologies. Retrieved from https://www.gurufocus.com/term/pe/dell/PE-Ratio/Dell%20Technologies 6 Revenue Next 12 Months Between 92-120million Past 3 Years Growth Rate of 30% Dell Technologies Revenue  : $92,154 Mil (TTM As of Jan. 2020) Dell Technologies's revenue for the three months ended in Jan. 2020 was $24,032 Mil. Its revenue for the trailing twelve months (TTM) ended in Jan. 2020 was $92,154 Mil. Dell Technologies’s Revenue Per Share for the three months ended in Jan. 2020 was $31.87 Its  Revenue Per Share for the trailing twelve months (TTM) ended in Jan. 2020 was $122.62. During the past 6 years, Dell Technologies's highest 3-Year average Growth Rate was 30.00% per year. The lowest was 12.40% per year. And the median was 13.40% per year. Guru Focus. (n.d.). Revenue. Dell Technologies. Retrieved from https://www.gurufocus.com/term/Revenue/dell/Revenue/Dell%20Technolog ...

1. Dell Technologies: A financial review
Krystal utkin | fin571 | March 23, 2020 | Dr. Edward haynes
Summary of Contents
The company and its ticker symbol
Cash flow from operations
Price-to-earnings ratio
Stock dividends and the yield, if any
Earnings per share ratio
Revenue estimates for the next 12 months
Revenue from the previous 3 years
Statement of cash flows and identify net cash from operating,
investing, and financing activities over the past 3 years
Average trade volume.
Current stock price, 52-week high, and 1-year estimated stock
price
Analysts’ recommendations for the stock (buy,sell, hold)
Market cap for the company
2
IntroductionCEOMichael S. DellCEO TitleChairman & Chief
Executive OfficerSectorTechnologyIndustryComputers, Office
EquipmentHQ LocationRound Rock,
TexasWebsitehttp://www.delltechnologies.comYears on Fortune

2. 500 List25Employees157,000
Company Info
https://fortune.com/fortune500/2019/dell-technologies/
Dell Technologies has recently returned as one of the largest
fortune 500 publicly traded companies. Michael Dell, the CEO
has been on this list for well over 25 years. DELL is leading in
the technology sector of the Computers and Office eqwuipment
Industry with its HQ location in Round Rock, Texas. With over
157 thousand employees, DELL is definitely leading the charge.
(Fortune, 2020).
PREVIOUS RANK
35
REVENUES ($M)
$90,621.0
REVENUE PERCENT CHANGE
15.2%
PROFITS ($M)
$-2,310.0
PROFITS PERCENT CHANGE
-
ASSETS ($M)
$111,820.0
EMPLOYEES
157,000
Fortune. (2020). Dell Technologies. Retrieved from
https://fortune.com/fortune500/2019/dell-technologies/
3

3. 4
5
Earnings
Price to Earnings Ratio: 6.42
Earnings Per Share: 6.05
This Photo by Unknown Author is licensed under CC BY-SA-
NC
As of today (2020-03-25), Dell Technologies's share price
is $38.83.
Dell Technologies’ EPS for the trailing twelve months
(TTM) ended in Jan. 2020 was $6.05. Therefore, Dell
Technologies's P/E ratio for today is 6.42.
During the past 6 years, Dell Technologies's highest P/E Ratio
was 17.67.
Guru Focus. (n.d.). P.E. Ratio. Dell Technologies. Retrieved
from https://www.gurufocus.com/term/pe/dell/PE-

4. Ratio/Dell%20Technologies
6
Revenue
Next 12 Months
Between 92-120million
Past 3 Years
Growth Rate of 30%
Dell Technologies Revenue
: $92,154 Mil (TTM As of Jan. 2020)
Dell Technologies's revenue for the three months ended in Jan.
2020 was $24,032 Mil.
Its revenue for the trailing twelve months (TTM) ended in Jan.
2020 was $92,154 Mil.
Dell Technologies’s Revenue Per Share for the three months
ended in Jan. 2020 was $31.87
Its Revenue Per Share for the trailing twelve months
(TTM) ended in Jan. 2020 was $122.62.
During the past 6 years, Dell Technologies's highest 3-Year
average
Growth Rate was 30.00% per year.
The lowest was 12.40% per year. And
the median was 13.40% per year.
Guru Focus. (n.d.). Revenue. Dell Technologies. Retrieved from
https://www.gurufocus.com/term/Revenue/dell/Revenue/Dell%2
0Technologies
7

5. Cash flows
9.291 MIL as of January 2020
Dell Technologies Cash Flow from Operations
: $9,291 Mil (TTM As of Jan. 2020)
Cash flow from operations refers to the cash brought in through
a company's normal business operations. It is the cash flow
before any investment or financing activities. It is the cash
version of net income.
Guru Focus. (n.d.) Cash flow from operations. Dell
Technologies. Retireved from
https://www.gurufocus.com/term/Cash+Flow+from+Operations/
dell/Cash-Flow-from-Operations/Dell%20Technologies
8
Cash flows (cont’d)Dell Technologies Annual
DataJan15Jan16Jan17Jan18Jan19Jan20Cash Flow from
Operations2,162.002,367.006,843.006,991.009,291.00
https://www.gurufocus.com/term/Cash+Flow+from+Operations/
dell/Cash-Flow-from-Operations/Dell%20Technologies
9
Current stock price

6. 12 analysts have issued 1 year price targets for Dell's shares.
Their forecasts range from $35.00 to $68.00. On average, they
anticipate Dell's share price to reach $52.00 in the next twelve
months.
Market Beat. (n.d.). NYSE. DELL. Retrieved from
https://www.marketbeat.com/stocks/NYSE/DELL/
10
Stock dividends and the yield
About Dividend Yield (TTM)
“Dell Technologies' dividend yield currently sits at 0%, which
is in-line with the Computers - IT Services industry's yield of 0.
The company's trailing twelve month (TTM) Dividend Yield
calculates the indicated annual dividend divided by the stock
price. This value is always expressed as a percentage. This is
the return on investment that is specifically attributed to the
expected dividends that are paid out over a year. Note: investors
should not base their investments on the size of the dividend
yield alone. Seek attractive dividend yields, but only on top
rated stocks with a solid payment history” (Zaks, n.d.).
Zaks. (n.d.). DELL Dividends. Retrieved from
https://www.zacks.com/stock/chart/DELL/fundamental/dividend
-yield-ttm
11
Average trade volume

7. Dell Technologies Inc (Symbol: DELL) options are showing a
volume of 23,370 contracts thus far today. That number of
contracts represents approximately 2.3 million underlying
shares, working out to a sizeable 78.9% of DELL's average
daily trading volume over the past month, of 3.0 million shares.
NASDAQ. (n.d.). DELL – Average Trade Volume. Retrieved
from https://www.nasdaq.com/articles/notable-friday-option-
activity%3A-syna-dell-wdc-2019-12-13
12
Market cap for the company
About Market Cap
Dell Technologies has a market cap of $23.71 B, which
represents its current share price of $32.49 multiplied by its
outstanding share number of 729.73. As a large-cap company,
DELL's shareholders are exposed to the least amount of risk.
Zaks. (n.d.). Market Cap. Dell Technologies. Retrieved from
https://www.zacks.com/stock/chart/DELL/fundamental/market-
cap
13
Recommendations and Conclusions
Maintain positive momentum
Special committees
Simplified capital and ownership structure

8. This Photo by Unknown Author is licensed under CC BY-SA
This Photo by Unknown Author is licensed under CC BY
This Photo by Unknown Author is licensed under CC BY-NC
Dell Technologies is experiencing strong positive momentum
across its businesses after a period of strong revenue growth,
earnings, cash flow and accelerated debt pay-down. Dell
Technologies believes the elimination of the Class V tracking
stock and simplification of the VMware ownership structure is
beneficial to VMware Class A public stockholders. VMware
Class A public stockholders will also participate pro rata in the
significant return of capital. VMware will remain an
independent publicly traded company. (Dell, n.d.).
The transaction simplifies Dell Technologies’ capital and
ownership structure and creates a class of publicly-traded
security that reflects the full value of the Dell Technologies
family of businesses. As a public company, Dell Technologies
has maintained and plans to continue to maintain the same
strategic focus on long-term growth that the company had
achieved while being privately managed.
By maintaining their positive momentum, continuing to create
better relationships, and simplifying their structures, DELL is
set out to do great things. The growth rate has maintained at
30% over the last three years and is looking to continue to do
so. The stocks have maintained their positive pricing and even
through COVID-19 will continue to stay that way. Purchasing
stocks now as the price lowers is an excellent idea because I
believe the company is headed in the right direction. They’ve
been on the Fortune 500 list for well over 25 years and has
maintained tis spot in the top 50 during this time. Overall,
DELL is the company to be at.

9. Dell Technologies. (n.d.). Corporate – Dell Technologies.
Retrieved from https://corporate.delltechnologies.com/el-
gr/newsroom/20180702-press.htm
14
References
Fortune. (2020). Dell Technologies. Retrieved from
https://fortune.com/fortune500/2019/dell-technologies/
Guru Focus. (n.d.). P.E. Ratio. Dell Technologies. Retrieved
from https://www.gurufocus.com/term/pe/dell/PE-
Ratio/Dell%20Technologies
Guru Focus. (n.d.). Revenue. Dell Technologies. Retrieved from
https://www.gurufocus.com/term/Revenue/dell/Revenue/Dell%2
0Technologies
Market Beat. (n.d.). NYSE. DELL. Retrieved from
https://www.marketbeat.com/stocks/NYSE/DELL/
Guru Focus. (n.d.) Cash flow from operations. Dell
Technologies. Retireved from
https://www.gurufocus.com/term/Cash+Flow+from+Operations/
dell/Cash-Flow-from-Operations/Dell%20Technologies
Zaks. (n.d.). DELL Dividends. Retrieved from
https://www.zacks.com/stock/chart/DELL/fundamental/dividend
-yield-ttm
NASDAQ. (n.d.). DELL – Average Trade Volume. Retrieved
from https://www.nasdaq.com/articles/notable-friday-option-
activity%3A-syna-dell-wdc-2019-12-13
Zaks. (n.d.). Market Cap. Dell Technologies. Retrieved from
https://www.zacks.com/stock/chart/DELL/fundamental/market-
cap
Dell Technologies. (n.d.). Corporate – Dell Technologies.
Retrieved from https://corporate.delltechnologies.com/el-
gr/newsroom/20180702-press.htm

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