Company Valuation: Shell plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 167,813 196,279 213,695 189,552 210,962 300,229 - -
Change - 16.96% 8.87% -11.3% 11.3% 42.31% - -
Enterprise Value (EV) 1 220,368 241,116 257,236 228,361 256,649 341,665 333,616 332,551
Change - 9.41% 6.69% -11.23% 12.39% 33.13% -2.36% -0.32%
P/E 8.54x 4.91x 11.5x 12.3x 12.3x 8.34x 9.46x 10.2x
PBR 0.98x 1.03x 1.15x 1.06x 1.21x 1.57x 1.45x 1.3x
PEG - 0x -0.2x -1.1x 0.7x 0x -0.8x -1.37x
Capitalization / Revenue 0.64x 0.51x 0.67x 0.67x 0.79x 0.85x 0.94x 1.01x
EV / Revenue 0.84x 0.63x 0.81x 0.8x 0.96x 0.97x 1.04x 1.12x
EV / EBITDA 4.01x 2.86x 3.75x 3.47x 4.57x 4.27x 4.63x 5.16x
EV / EBIT 6.73x 3.85x 6.91x 5.3x 7.56x 5.92x 7.06x 8.27x
EV / FCF 5.46x 5.26x 7.06x 5.78x 9.85x 10.3x 10.4x 11.4x
FCF Yield 18.3% 19% 14.2% 17.3% 10.2% 9.7% 9.65% 8.75%
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% 2.97% 3.1% 3.25%
EPS 2 2.57 5.71 2.85 2.53 3 6.302 5.554 5.142
Distribution rate 34.8% 17.3% 45.4% 54.9% 48.2% 24.7% 29.4% 33.2%
Net sales 1 261,504 381,314 316,620 284,312 266,886 353,629 320,176 297,008
EBITDA 1 55,004 84,289 68,538 65,803 56,135 80,071 72,102 64,392
EBIT 1 32,734 62,621 37,248 43,100 33,968 57,672 47,271 40,214
Net income 1 20,101 42,309 19,360 16,093 17,838 34,213 28,744 25,153
Net Debt 1 52,555 44,837 43,541 38,809 45,687 41,436 33,387 32,322
Reference price 2 21.96 28.03 32.75 31.00 36.88 52.53 52.53 52.53
Nbr of stocks (in thousands) 7,640,301 7,003,503 6,524,109 6,115,031 5,720,615 5,714,871 - -
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.($)
8.34x0.97x4.27x2.97% 300B
13.07x3.37x6.5x5.44% 1,629B
13.22x1.91x6.11x3.17% 441B
8.38x0.7x4.45x6.21% 336B
7.51x1.01x4.14x4.47% 202B
4.45x1.82x3.42x7.67% 161B
6.08x1.83x2.94x7.51% 152B
7.96x0.87x2.07x3.43% 109B
8.64x0.87x4.32x4.68% 85.1B
9.18x1.69x5.55x7.36% 48.38B
Average 8.68x 1.51x 4.38x 5.29% 346.36B
Weighted average by Cap. 10.87x 2.28x 5.41x 5.09%

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