Company Valuation: Shell plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 167,813 196,279 213,695 189,552 210,962 308,097 - -
Change - 16.96% 8.87% -11.3% 11.3% 46.04% - -
Enterprise Value (EV) 1 220,368 241,116 257,236 228,361 256,649 344,964 338,574 337,341
Change - 9.41% 6.69% -11.23% 12.39% 34.41% -1.85% -0.36%
P/E 8.54x 4.91x 11.5x 12.3x 12.3x 8.75x 9.72x 10.5x
PBR 0.98x 1.03x 1.15x 1.06x 1.21x 1.74x 1.48x 1.38x
PEG - 0x -0.2x -1.1x 0.7x 0x -0.97x -1.42x
Capitalization / Revenue 0.64x 0.51x 0.67x 0.67x 0.79x 0.95x 0.94x 1.01x
EV / Revenue 0.84x 0.63x 0.81x 0.8x 0.96x 1.07x 1.03x 1.11x
EV / EBITDA 4.01x 2.86x 3.75x 3.47x 4.57x 4.18x 4.53x 5.21x
EV / EBIT 6.73x 3.85x 6.91x 5.3x 7.56x 6.11x 6.94x 8.3x
EV / FCF 5.46x 5.26x 7.06x 5.78x 9.85x 8.97x 9.65x 11.2x
FCF Yield 18.3% 19% 14.2% 17.3% 10.2% 11.2% 10.4% 8.93%
Dividend per Share 2 0.8935 0.99 1.294 1.39 1.446 1.575 1.645 1.723
Rate of return 4.07% 3.53% 3.95% 4.48% 3.92% 2.92% 3.05% 3.19%
EPS 2 2.57 5.71 2.85 2.53 3 6.17 5.554 5.142
Distribution rate 34.8% 17.3% 45.4% 54.9% 48.2% 25.5% 29.6% 33.5%
Net sales 1 261,504 381,314 316,620 284,312 266,886 323,235 329,415 303,732
EBITDA 1 55,004 84,289 68,538 65,803 56,135 82,518 74,695 64,704
EBIT 1 32,734 62,621 37,248 43,100 33,968 56,488 48,788 40,641
Net income 1 20,101 42,309 19,360 16,093 17,838 20,443 29,507 25,659
Net Debt 1 52,555 44,837 43,541 38,809 45,687 36,867 30,477 29,245
Reference price 2 21.96 28.03 32.75 31.00 36.88 54.00 54.00 54.00
Nbr of stocks (in thousands) 7,640,301 7,003,503 6,524,109 6,115,031 5,720,615 5,705,509 - -
Announcement Date 03/02/22 02/02/23 01/02/24 30/01/25 05/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
8.75x1.07x4.16x2.92% 308B
13.48x3.45x6.75x5.3% 1,671B
13.3x1.94x6.3x3.08% 454B
8.44x0.75x4.73x6.28% 360B
7.81x1.1x4.06x4.33% 210B
6.06x1.83x2.94x7.52% 152B
7.95x0.88x2.02x3.35% 112B
8.7x0.89x4.42x4.79% 87.49B
9.22x1.7x5.58x7.33% 48.56B
Average 9.30x 1.51x 4.55x 4.99% 378.09B
Weighted average by Cap. 11.45x 2.36x 5.67x 4.88%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Shell plc

Historical PBR trend

Valuation ratios - PBR - Shell plc

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Shell plc

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Shell plc


Year-on-year evolution of the Yield

Valuation ratios - Yield - Shell plc