Company Valuation: Shell plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 167,813 196,279 213,695 189,552 210,962 216,696 - -
Change - 16.96% 8.87% -11.3% 11.3% 2.72% - -
Enterprise Value (EV) 1 220,368 241,116 257,236 228,361 256,649 261,085 256,237 252,090
Change - 9.41% 6.69% -11.23% 12.39% 1.73% -1.86% -1.62%
P/E 8.54x 4.91x 11.5x 12.3x 12.3x 7.58x 8.39x 8.12x
PBR 0.98x 1.03x 1.15x 1.06x 1.21x 1.2x 1.09x 1.01x
PEG - 0x -0.2x -1.1x 0.7x 0.1x -0.87x 2.45x
Capitalization / Revenue 0.64x 0.51x 0.67x 0.67x 0.79x 0.66x 0.73x 0.72x
EV / Revenue 0.84x 0.63x 0.81x 0.8x 0.96x 0.8x 0.86x 0.84x
EV / EBITDA 4.01x 2.86x 3.75x 3.47x 4.57x 3.65x 4.01x 4.02x
EV / EBIT 6.73x 3.85x 6.91x 5.3x 7.56x 5.32x 6.38x 6.56x
EV / FCF 5.46x 5.26x 7.06x 5.78x 9.85x 8.42x 8.97x 9.52x
FCF Yield 18.3% 19% 14.2% 17.3% 10.2% 11.9% 11.1% 10.5%
Dividend per Share 2 0.8935 0.99 1.294 1.39 1.446 1.556 1.623 1.682
Rate of return 4.07% 3.53% 3.95% 4.48% 3.92% 4% 4.17% 4.32%
EPS 2 2.57 5.71 2.85 2.53 3 5.131 4.637 4.79
Distribution rate 34.8% 17.3% 45.4% 54.9% 48.2% 30.3% 35% 35.1%
Net sales 1 261,504 381,314 316,620 284,312 266,886 326,669 298,345 300,469
EBITDA 1 55,004 84,289 68,538 65,803 56,135 71,579 63,961 62,752
EBIT 1 32,734 62,621 37,248 43,100 33,968 49,116 40,179 38,404
Net income 1 20,101 42,309 19,360 16,093 17,838 26,681 24,649 24,097
Net Debt 1 52,555 44,837 43,541 38,809 45,687 44,389 39,541 35,394
Reference price 2 21.96 28.03 32.75 31.00 36.88 38.90 38.90 38.90
Nbr of stocks (in thousands) 7,640,301 7,003,503 6,524,109 6,115,031 5,720,615 5,570,928 - -
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
13.22x3.29x6.3x5.32% 1,685B
11.03x1.54x5.21x4.24% 332B
6.76x0.94x3.73x5.36% 170B
3.13x1.42x2.74x13.62% 100B
6.64x0.72x1.69x4.9% 80.17B
8.09x0.72x3.55x5.37% 68.45B
Average 8.15x 1.44x 3.87x 6.47% 406.1B
Weighted average by Cap. 11.69x 2.66x 5.59x 5.51%

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