Company Valuation: Shell plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 167,813 196,279 213,695 189,552 210,962 240,949 - -
Change - 16.96% 8.87% -11.3% 11.3% 14.21% - -
Enterprise Value (EV) 1 220,368 241,116 257,236 228,361 256,649 284,364 278,780 274,809
Change - 9.41% 6.69% -11.23% 12.39% 10.8% -1.96% -1.42%
P/E Ratio 8.54x 4.91x 11.5x 12.3x 12.3x 8.11x 8.83x 8.98x
PBR 0.98x 1.03x 1.15x 1.06x 1.21x 1.33x 1.21x 1.12x
PEG - 0x -0.2x -1.1x 0.7x 0.1x -1.08x -5.37x
Capitalization / Revenue 0.64x 0.51x 0.67x 0.67x 0.79x 0.73x 0.79x 0.8x
EV / Revenue 0.84x 0.63x 0.81x 0.8x 0.96x 0.86x 0.92x 0.91x
EV / EBITDA 4.01x 2.86x 3.75x 3.47x 4.57x 3.92x 4.29x 4.39x
EV / EBIT 6.73x 3.85x 6.91x 5.3x 7.56x 5.68x 6.82x 7.15x
EV / FCF 5.46x 5.26x 7.06x 5.78x 9.85x 9.12x 9.76x 10.3x
FCF Yield 18.3% 19% 14.2% 17.3% 10.2% 11% 10.2% 9.69%
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% 3.6% 3.75% 3.89%
EPS 2 2.57 5.71 2.85 2.53 3 5.333 4.898 4.816
Distribution rate 34.8% 17.3% 45.4% 54.9% 48.2% 29.2% 33.1% 34.9%
Net sales 1 261,504 381,314 316,620 284,312 266,886 331,479 304,437 302,027
EBITDA 1 55,004 84,289 68,538 65,803 56,135 72,614 65,017 62,651
EBIT 1 32,734 62,621 37,248 43,100 33,968 50,067 40,906 38,430
Net income 1 20,101 42,309 19,360 16,093 17,838 27,772 25,498 24,008
Net Debt 1 52,555 44,837 43,541 38,809 45,687 43,415 37,831 33,860
Reference price 2 21.96 28.03 32.75 31.00 36.88 43.23 43.23 43.23
Nbr of stocks (in thousands) 7,640,301 7,003,503 6,524,109 6,115,031 5,720,615 5,573,898 - -
Announcement Date 2/3/22 2/2/23 2/1/24 1/30/25 2/5/26 - - -
1USD in Million2USD
Estimates

P/E Ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
8.11x0.86x3.92x3.6% 241B
13.46x3.34x6.46x5.13% 1,752B
12.35x1.69x5.74x3.81% 370B
8.41x0.59x3.88x6.24% 276B
7.51x1.07x4.12x4.63% 197B
6.01x1.73x2.77x7.55% 156B
3.24x1.52x2.92x12.6% 112B
7.45x0.8x1.87x4.3% 91.48B
9.14x0.75x3.86x4.72% 79.05B
Average 8.41x 1.37x 3.95x 5.84% 363.89B
Weighted average by Cap. 11.18x 2.33x 5.34x 5.27%

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

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