DELL · sample dossier
DELL
68/100
OutdatedGenerated Aug 30, 2026 · 11:12 PM UTC · 67 days ago
This copy is frozen (Aug 30). Sign in to run the same work — filings, valuation, bull and bear, sources — on any US stock or ETF, in about 90 seconds.
Run a fresh dossierDELL
EquityPublic company
Decision context
Recommendation
Driven by superior Growth (100/100) and Momentum (100/100) scores.
More going for it than against it — worth a closer look.
AlphaDog Fair Value
Executive thesis & key metrics
Executive Investment Thesis
DELL is an enterprise hardware and technology infrastructure provider trading at an EV/EBITDA of 22.47 and a P/E ratio of 36.35, generating $16.72 in FCF per share. The positive growth thesis is supported by revenue growth YoY of 87.5% alongside EPS growth YoY of 282.5% and a 6-month return of 208.1%. However, the company operates with negative book equity reflected in a Price/Book of -0.46 and carries $31,161 million in total debt against total assets of $114,913 million as of May 1, 2026.
Key Metrics to Watch
What changed recently
No material changes found in the last 30 days.
Why this rating
Score 68 · Buy
Data through
OutdatedApr 30, 2026
Growth 100/100 and momentum 100/100 lead the thesis.
Re-evaluate if
- Net margin falls below 5.0% (was 6.3%)
Trim / reconsider if
- ROA falls below 4.6% (was 7.0%)
These dollars come from our value estimate and help sketch entry and exit zones. They’re a guide, not a trade order.
A Calmer Look · Devil's Advocate
Consensus is over-extrapolating DELL's hyper-growth cycle while ignoring extreme structural balance sheet fragility and razor-thin margin buffers.
May be overlooked
Negative book equity and severe leverage
Total liabilities of $116,317 million exceed total assets of $114,913 million as of May 1, 2026, creating a negative P/B of -0.5 that consensus overlooks due to temporary cash flow conversion.
Working capital overhang
$45,261 million in accounts payable dwarfs the $11,578 million cash buffer, leaving the company exposed to liquidity crunches if inventory turns slow.
Stale financial reporting
The bull case is anchored on financial results from April 30, 2026, which are more than 90 days old relative to the August 30, 2026 review date and fail to reflect recent quarterly performance.
Expectations look stretched
Unrealistic margin assumptions
A 6.3% net margin and 19.2% gross margin provide inadequate absorption capacity for high-cost hardware components, making a 36.4 P/E multiple vulnerable to sharp downward revisions.
Extrapolation of peak growth
Pricing DELL for sustained 87.5% YoY revenue growth ignores cyclical mean-reversion inherent to enterprise hardware procurement.
Momentum reliance
The 208.1% 6-month price surge has driven EV/EBITDA to 22.5, a valuation multiple typically reserved for asset-light, high-gross-margin software models rather than capital-constrained hardware assemblers.
Revenue growth YoY drops below 87.5%.
Revenue growth YoY drops below 87.5%.
Monitor These Triggers
2 Checkpoints · Next PrintNet margin (baseline: 6.3%) and Revenue growth YoY (baseline: 87.5%).
Market context
Snapshot returns at report publication
1 month
+12.7%
3 months
+8.4%
6 months
+208.1%
1 year
—
At a Glance
A very large company is on a steady trend at growth-style pricing.
Top Holders
Go deeper
For learning and research only — not investment advice. AlphaDog doesn’t hold stocks and isn’t your financial advisor.
Run the next one yourself.
You just read a full DELL dossier — scored verdict, valuation, and both sides, with sources. Sign in to run that on a name you hold, on current filings. A free account includes 10 credits a week, 1 per fresh run.