Company Valuation: Shell plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 167,813 196,279 213,695 189,552 210,962 247,630 - -
Change - 16.96% 8.87% -11.3% 11.3% 17.38% - -
Enterprise Value (EV) 1 220,368 241,116 257,236 228,361 256,649 290,572 286,926 285,020
Change - 9.41% 6.69% -11.23% 12.39% 13.22% -1.25% -0.66%
P/E 8.54x 4.91x 11.5x 12.3x 12.3x 8.54x 9.65x 9.31x
PBR 0.98x 1.03x 1.15x 1.06x 1.21x 1.35x 1.25x 1.16x
PEG - 0x -0.2x -1.1x 0.7x 0.1x -0.8x 2.56x
Capitalization / Revenue 0.64x 0.51x 0.67x 0.67x 0.79x 0.79x 0.85x 0.84x
EV / Revenue 0.84x 0.63x 0.81x 0.8x 0.96x 0.92x 0.99x 0.97x
EV / EBITDA 4.01x 2.86x 3.75x 3.47x 4.57x 4.13x 4.51x 4.59x
EV / EBIT 6.73x 3.85x 6.91x 5.3x 7.56x 6.05x 7.17x 7.4x
EV / FCF 5.46x 5.26x 7.06x 5.78x 9.85x 8.48x 10.2x 9.63x
FCF Yield 18.3% 19% 14.2% 17.3% 10.2% 11.8% 9.77% 10.4%
Dividend per Share 2 0.8935 0.99 1.294 1.39 1.446 1.56 1.627 1.687
Rate of return 4.07% 3.53% 3.95% 4.48% 3.92% 3.51% 3.66% 3.79%
EPS 2 2.57 5.71 2.85 2.53 3 5.212 4.61 4.778
Distribution rate 34.8% 17.3% 45.4% 54.9% 48.2% 29.9% 35.3% 35.3%
Net sales 1 261,504 381,314 316,620 284,312 266,886 314,199 289,999 293,323
EBITDA 1 55,004 84,289 68,538 65,803 56,135 70,394 63,591 62,149
EBIT 1 32,734 62,621 37,248 43,100 33,968 47,990 40,022 38,541
Net income 1 20,101 42,309 19,360 16,093 17,838 29,337 24,830 24,420
Net Debt 1 52,555 44,837 43,541 38,809 45,687 42,941 39,296 37,390
Reference price 2 21.96 28.03 32.75 31.00 36.88 44.50 44.50 44.50
Nbr of stocks (in thousands) 7,640,301 7,003,503 6,524,109 6,115,031 5,720,615 5,564,719 - -
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.($)
13.72x3.4x6.49x5.23% 1,713B
12.84x1.77x5.87x3.7% 382B
8.28x0.62x3.86x6.31% 288B
7.95x1.05x4.21x4.85% 188B
5.92x1.76x2.84x7.75% 151B
3.53x1.55x2.97x12.09% 116B
7.57x0.85x2.01x3.99% 93.97B
9.23x0.78x3.93x4.91% 74.74B
Average 8.63x 1.47x 4.02x 6.1% 375.9B
Weighted average by Cap. 11.63x 2.48x 5.49x 5.46%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield