Company Valuation: Shell plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 167,813 196,279 213,695 189,552 210,962 296,114 - -
Change - 16.96% 8.87% -11.3% 11.3% 40.36% - -
Enterprise Value (EV) 1 220,368 241,116 257,236 228,361 256,649 337,550 329,501 328,436
Change - 9.41% 6.69% -11.23% 12.39% 31.52% -2.38% -0.32%
P/E 8.54x 4.91x 11.5x 12.3x 12.3x 8.22x 9.32x 10.1x
PBR 0.98x 1.03x 1.15x 1.06x 1.21x 1.55x 1.43x 1.28x
PEG - 0x -0.2x -1.1x 0.7x 0x -0.8x -1.36x
Capitalization / Revenue 0.64x 0.51x 0.67x 0.67x 0.79x 0.84x 0.92x 1x
EV / Revenue 0.84x 0.63x 0.81x 0.8x 0.96x 0.95x 1.03x 1.11x
EV / EBITDA 4.01x 2.86x 3.75x 3.47x 4.57x 4.22x 4.57x 5.1x
EV / EBIT 6.73x 3.85x 6.91x 5.3x 7.56x 5.85x 6.97x 8.17x
EV / FCF 5.46x 5.26x 7.06x 5.78x 9.85x 10.2x 10.2x 11.3x
FCF Yield 18.3% 19% 14.2% 17.3% 10.2% 9.81% 9.77% 8.86%
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% 3.01% 3.15% 3.29%
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 51.79 51.79 51.79
Nbr of stocks (in thousands) 7,640,301 7,003,503 6,524,109 6,115,031 5,720,615 5,717,771 - -
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
8.16x0.95x4.19x3.03% 294B
13.12x3.39x6.52x5.42% 1,635B
13.05x1.89x6.03x3.21% 436B
8.7x0.69x4.46x5.99% 331B
7.39x1.02x4.2x4.57% 198B
4.33x1.78x3.34x7.88% 159B
6.28x1.75x2.81x7.27% 156B
7.87x0.86x2.04x3.48% 108B
8.56x0.87x4.3x4.65% 83.42B
9.11x1.68x5.51x7.41% 48.16B
Average 8.66x 1.49x 4.34x 5.29% 344.87B
Weighted average by Cap. 10.89x 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