Company Valuation: Shell plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 167,813 196,279 213,695 189,552 210,962 283,267 - -
Change - 16.96% 8.87% -11.3% 11.3% 34.27% - -
Enterprise Value (EV) 1 220,368 241,116 257,236 228,361 256,649 320,346 311,355 308,925
Change - 9.41% 6.69% -11.23% 12.39% 24.82% -2.81% -0.78%
P/E 8.54x 4.91x 11.5x 12.3x 12.3x 7.21x 8.94x 9.65x
PBR 0.98x 1.03x 1.15x 1.06x 1.21x 1.46x 1.34x 1.25x
PEG - 0x -0.2x -1.1x 0.7x 0x -0.5x -1.3x
Capitalization / Revenue 0.64x 0.51x 0.67x 0.67x 0.79x 0.81x 0.87x 0.95x
EV / Revenue 0.84x 0.63x 0.81x 0.8x 0.96x 0.91x 0.95x 1.04x
EV / EBITDA 4.01x 2.86x 3.75x 3.47x 4.57x 3.86x 4.18x 4.82x
EV / EBIT 6.73x 3.85x 6.91x 5.3x 7.56x 5.44x 6.37x 7.65x
EV / FCF 5.46x 5.26x 7.06x 5.78x 9.85x 8.05x 8.85x 10.3x
FCF Yield 18.3% 19% 14.2% 17.3% 10.2% 12.4% 11.3% 9.72%
Dividend per Share 2 0.8935 0.99 1.294 1.39 1.446 1.561 1.645 1.725
Rate of return 4.07% 3.53% 3.95% 4.48% 3.92% 3.14% 3.31% 3.47%
EPS 2 2.57 5.71 2.85 2.53 3 6.895 5.567 5.154
Distribution rate 34.8% 17.3% 45.4% 54.9% 48.2% 22.6% 29.6% 33.5%
Net sales 1 261,504 381,314 316,620 284,312 266,886 350,188 326,712 298,243
EBITDA 1 55,004 84,289 68,538 65,803 56,135 83,075 74,474 64,090
EBIT 1 32,734 62,621 37,248 43,100 33,968 58,871 48,891 40,387
Net income 1 20,101 42,309 19,360 16,093 17,838 35,750 29,741 25,659
Net Debt 1 52,555 44,837 43,541 38,809 45,687 37,079 28,088 25,658
Reference price 2 21.96 28.03 32.75 31.00 36.88 49.75 49.75 49.75
Nbr of stocks (in thousands) 7,640,301 7,003,503 6,524,109 6,115,031 5,720,615 5,693,877 - -
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.($)
7.39x0.94x3.96x3.06% 290B
13.21x3.49x6.59x5.21% 1,686B
11.27x1.73x5.68x3.35% 415B
8.39x0.68x4.31x6.3% 332B
7.54x1.02x3.83x4.58% 200B
5.83x1.86x3.03x7.72% 146B
3.49x1.48x2.74x9.57% 116B
7.44x0.82x1.86x3.61% 103B
8.12x0.84x4.21x5.1% 82.93B
9.18x1.69x5.55x7.36% 48.55B
Average 8.19x 1.45x 4.17x 5.59% 342.09B
Weighted average by Cap. 10.68x 2.33x 5.38x 5.1%

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