Company Valuation: Shell plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 167,813 196,279 213,695 189,552 210,962 307,959 - -
Change - 16.96% 8.87% -11.3% 11.3% 45.98% - -
Enterprise Value (EV) 1 220,368 241,116 257,236 228,361 256,649 348,280 339,040 337,764
Change - 9.41% 6.69% -11.23% 12.39% 35.7% -2.65% -0.38%
P/E 8.54x 4.91x 11.5x 12.3x 12.3x 8.56x 9.71x 10.5x
PBR 0.98x 1.03x 1.15x 1.06x 1.21x 1.61x 1.48x 1.38x
PEG - 0x -0.2x -1.1x 0.7x 0x -0.8x -1.42x
Capitalization / Revenue 0.64x 0.51x 0.67x 0.67x 0.79x 0.87x 0.96x 1.03x
EV / Revenue 0.84x 0.63x 0.81x 0.8x 0.96x 0.99x 1.06x 1.13x
EV / EBITDA 4.01x 2.86x 3.75x 3.47x 4.57x 4.31x 4.69x 5.23x
EV / EBIT 6.73x 3.85x 6.91x 5.3x 7.56x 6.08x 7.21x 8.37x
EV / FCF 5.46x 5.26x 7.06x 5.78x 9.85x 9.08x 9.73x 10.9x
FCF Yield 18.3% 19% 14.2% 17.3% 10.2% 11% 10.3% 9.14%
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% 2.89% 3.02% 3.16%
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 1 261,504 381,314 316,620 284,312 266,886 353,205 320,510 297,970
EBITDA 1 55,004 84,289 68,538 65,803 56,135 80,778 72,346 64,542
EBIT 1 32,734 62,621 37,248 43,100 33,968 57,300 47,042 40,356
Net income 1 20,101 42,309 19,360 16,093 17,838 34,631 28,946 25,337
Net Debt 1 52,555 44,837 43,541 38,809 45,687 40,320 31,081 29,804
Reference price 2 21.96 28.03 32.75 31.00 36.88 53.95 53.95 53.95
Nbr of stocks (in thousands) 7,640,301 7,003,503 6,524,109 6,115,031 5,720,615 5,708,661 - -
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.($)
8.56x0.99x4.31x2.89% 308B
13.21x3.38x6.62x5.41% 1,637B
13.39x1.96x6.34x3.06% 457B
8.04x0.72x4.56x6.48% 335B
7.73x1.05x4.19x4.35% 208B
5.85x1.57x2.51x7.8% 146B
8.34x0.93x2.17x3.23% 116B
9.76x0.91x4.56x4.47% 90.24B
9.22x1.7x5.58x7.33% 48.74B
Average 9.34x 1.47x 4.54x 5% 371.86B
Weighted average by Cap. 11.31x 2.30x 5.61x 4.93%

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