Company Valuation: Shell plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 167,813 196,279 213,695 189,552 210,962 300,484 - -
Change - 16.96% 8.87% -11.3% 11.3% 42.43% - -
Enterprise Value (EV) 1 220,368 241,116 257,236 228,361 256,649 340,954 331,155 329,834
Change - 9.41% 6.69% -11.23% 12.39% 32.85% -2.87% -0.4%
P/E 8.54x 4.91x 11.5x 12.3x 12.3x 8.54x 9.48x 10.2x
PBR 0.98x 1.03x 1.15x 1.06x 1.21x 1.57x 1.44x 1.34x
PEG - 0x -0.2x -1.1x 0.7x 0x -0.95x -1.37x
Capitalization / Revenue 0.64x 0.51x 0.67x 0.67x 0.79x 0.84x 0.93x 1x
EV / Revenue 0.84x 0.63x 0.81x 0.8x 0.96x 0.95x 1.02x 1.09x
EV / EBITDA 4.01x 2.86x 3.75x 3.47x 4.57x 4.2x 4.56x 5.1x
EV / EBIT 6.73x 3.85x 6.91x 5.3x 7.56x 5.89x 6.97x 8.12x
EV / FCF 5.46x 5.26x 7.06x 5.78x 9.85x 8.86x 9.31x 10.7x
FCF Yield 18.3% 19% 14.2% 17.3% 10.2% 11.3% 10.7% 9.35%
Dividend per Share 2 0.8935 0.99 1.294 1.39 1.446 1.559 1.631 1.705
Rate of return 4.07% 3.53% 3.95% 4.48% 3.92% 2.96% 3.1% 3.24%
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% 25.3% 29.4% 33.2%
Net sales 1 261,504 381,314 316,620 284,312 266,886 357,364 323,950 301,572
EBITDA 1 55,004 84,289 68,538 65,803 56,135 81,210 72,672 64,677
EBIT 1 32,734 62,621 37,248 43,100 33,968 57,856 47,509 40,618
Net income 1 20,101 42,309 19,360 16,093 17,838 34,728 29,507 25,659
Net Debt 1 52,555 44,837 43,541 38,809 45,687 40,470 30,672 29,350
Reference price 2 21.96 28.03 32.75 31.00 36.88 52.67 52.67 52.67
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.($)
8.54x0.95x4.2x2.96% 300B
13.52x3.46x6.77x5.29% 1,676B
13.17x1.93x6.24x3.11% 450B
8.32x0.74x4.56x6.26% 349B
7.71x1.04x4.17x4.36% 207B
6.07x1.83x2.94x7.51% 152B
8.02x0.91x2.13x3.29% 114B
8.7x0.89x4.42x4.79% 87.35B
9.21x1.7x5.57x7.34% 48.27B
Average 9.25x 1.50x 4.56x 4.99% 375.95B
Weighted average by Cap. 11.43x 2.36x 5.68x 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