Company Valuation: Shell plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 167,813 196,279 213,695 189,552 210,962 299,157 - -
Change - 16.96% 8.87% -11.3% 11.3% 41.81% - -
Enterprise Value (EV) 1 220,368 241,116 257,236 228,361 256,649 339,627 329,829 328,507
Change - 9.41% 6.69% -11.23% 12.39% 32.33% -2.88% -0.4%
P/E 8.54x 4.91x 11.5x 12.3x 12.3x 8.65x 9.61x 10.4x
PBR 0.98x 1.03x 1.15x 1.06x 1.21x 1.59x 1.46x 1.36x
PEG - 0x -0.2x -1.1x 0.7x 0x -0.96x -1.4x
Capitalization / Revenue 0.64x 0.51x 0.67x 0.67x 0.79x 0.84x 0.92x 0.99x
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 4.18x 4.54x 5.08x
EV / EBIT 6.73x 3.85x 6.91x 5.3x 7.56x 5.87x 6.94x 8.09x
EV / FCF 5.46x 5.26x 7.06x 5.78x 9.85x 8.82x 9.27x 10.7x
FCF Yield 18.3% 19% 14.2% 17.3% 10.2% 11.3% 10.8% 9.39%
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% 2.92% 3.05% 3.19%
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 53.39 53.39 53.39
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 2/3/22 2/2/23 2/1/24 1/30/25 2/5/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.31x3.41x6.67x5.37% 1,650B
13.33x1.96x6.31x3.07% 455B
8.5x0.73x4.66x6.12% 352B
8.65x0.97x4.25x2.92% 305B
7.76x1.05x4.2x4.33% 208B
6.06x1.83x2.94x7.53% 152B
8.3x0.92x2.16x3.25% 115B
8.79x0.9x4.45x4.74% 88.5B
9.22x1.7x5.58x7.33% 48.8B
Average 9.32x 1.50x 4.58x 4.96% 374.92B
Weighted average by Cap. 11.37x 2.32x 5.64x 4.89%

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