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STOCK COMPARISON

Welltend Technology vs Dell Technologies: Fair Value & Quality

Both stocks run through our valuation models. Here is how Welltend Technology (3021) and Dell Technologies (DELL) compare, as of Sep 25, 2026.

As of Sep 25, 2026, Fair Value Calculator sees Dell Technologies as the less overvalued of the two: Welltend Technology trades at TWD 26.95 versus a fair value of TWD 9.22 (-66%), while Dell Technologies trades at $536 versus $196 (-63%).
Welltend Technology
3021.TW · TWD · Information Technology
-66%
upside to fair value
overvalued
PriceTWD 26.95
Fair ValueTWD 9.22
Quality60/100
Dell Technologies
DELL · USD · Information Technology
-63%
upside to fair value
overvalued
Price$536
Fair Value$196
Quality66/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Welltend TechnologyDell Technologies
Valuation
81.7×P/E (TTM)31.9×
0.68×P/S (TTM)2.42×
1.41×P/BNegative equity
6.7×EV/EBITDA21.4×
n/aPEG0.64×
−65.8%Fair value upside−63.5%
2.2%Dividend yield0.4%
TWD 0.60Dividend per share$2.31
Profitability
5%Operating margin12%
0.56×EBIT margin trend (5Y)1.72×
3%Return on equityNegative equity
3%Return on assets9%
Growth
-1%Revenue growth (YoY)58%
-5.1%Avg. growth/yr (3Y)3.5%
4.2%Avg. growth/yr (5Y)5.5%
−20.6%Value creation/yr+15.8%
Balance & size
6.6×Interest coverage (EBIT/interest)5.4×
n/aDebt / equityNegative equity
$71MMarket cap$367B
weakGrowth qualityhealthy

Dell Technologies leads: 4 to 9 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Welltend Technologyof which business quality 59 · market factors 65 Dell Technologiesof which business quality 65 · market factors 72
ProfitabilityMargins and returns on capital today
33
51
Quality GrowthAre margins and returns improving?
27
45
CashflowEarnings quality: real cash, not paper profit
46
61
Fin. StrengthBalance sheet, leverage, solvency risk
76
59
InvestmentDisciplined investing over empire-building
91
89
Low VolatilityCalm price path (market factor)
57
15
MomentumPrice trend over the last 3–12 months (market factor)
67
96
52W MomentumDistance to the 52-week high (market factor)
72
95
Net IssuanceShare count: buybacks or dilution?
100
100

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyWelltend TechnologyPrice TWD 26.95Dell TechnologiesPrice $536
DCF Models-10%close to the priceTWD 24.19-59%below the price$222
Earnings-Based-82%below the priceTWD 4.87-80%below the price$105
Dividend Discount-87%below the priceTWD 3.40-93%below the price$35.08
Multiples-35%below the priceTWD 17.45-55%below the price$243
Asset-Based-58%below the priceTWD 11.26n/a
Growth DCF-8%close to the priceTWD 24.67-63%below the price$198
Economic Profit-53%below the priceTWD 12.65-79%below the price$111
Growth Earnings-70%below the priceTWD 8.09-63%below the price$196
Minimum-87%below the priceTWD 3.40-93%below the price$35.08
Maximum-8%close to the priceTWD 24.67-55%below the price$243
Median-56%below the priceTWD 11.95-63%below the price$196
Geometric mean-60%below the priceTWD 10.89-75%below the price$136

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Welltend Technology: 22 of 26 models see the stock below the current price.

Dell Technologies: 22 of 22 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Welltend Technology
Price TWD 26.95
Fair Value TWD 9.22
Bear TWD 6.91Bull TWD 11.52
Dell Technologies
Price $536
Fair Value $196
Bear $132Bull $261

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Welltend Technology · Information Technology

Quality score60 · above median
Fair value upside-66% · bottom 25%

Dell Technologies · Information Technology

Quality score66 · Top 25%
Fair value upside-63% · bottom 25%

Bottom line

As of Sep 25, 2026, Fair Value Calculator sees Dell Technologies as the less overvalued of the two: Welltend Technology trades at TWD 26.95 versus a fair value of TWD 9.22 (-66%), while Dell Technologies trades at $536 versus $196 (-63%).

Dell Technologies has the higher quality score (66/100).

Open Dell Technologies live analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.