Company Valuation: Shell plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 167,813 196,279 213,695 189,552 210,962 248,418 - -
Change - 16.96% 8.87% -11.3% 11.3% 17.75% - -
Enterprise Value (EV) 1 220,368 241,116 257,236 228,361 256,649 287,246 283,787 282,638
Change - 9.41% 6.69% -11.23% 12.39% 11.92% -1.2% -0.4%
P/E 8.54x 4.91x 11.5x 12.3x 12.3x 7.99x 9.35x 9.7x
PBR 0.98x 1.03x 1.15x 1.06x 1.21x 1.34x 1.25x 1.16x
PEG - 0x -0.2x -1.1x 0.7x 0.1x -0.6x -2.68x
Capitalization / Revenue 0.64x 0.51x 0.67x 0.67x 0.79x 0.76x 0.84x 0.83x
EV / Revenue 0.84x 0.63x 0.81x 0.8x 0.96x 0.88x 0.96x 0.95x
EV / EBITDA 4.01x 2.86x 3.75x 3.47x 4.57x 3.85x 4.36x 4.52x
EV / EBIT 6.73x 3.85x 6.91x 5.3x 7.56x 5.7x 6.97x 7.3x
EV / FCF 5.46x 5.26x 7.06x 5.78x 9.85x 7.54x 9.57x 9.61x
FCF Yield 18.3% 19% 14.2% 17.3% 10.2% 13.3% 10.5% 10.4%
Dividend per Share 2 0.8935 0.99 1.294 1.39 1.446 1.557 1.621 1.692
Rate of return 4.07% 3.53% 3.95% 4.48% 3.92% 3.49% 3.63% 3.79%
EPS 2 2.57 5.71 2.85 2.53 3 5.588 4.778 4.605
Distribution rate 34.8% 17.3% 45.4% 54.9% 48.2% 27.9% 33.9% 36.7%
Net sales 1 261,504 381,314 316,620 284,312 266,886 325,530 295,575 298,350
EBITDA 1 55,004 84,289 68,538 65,803 56,135 74,523 65,016 62,521
EBIT 1 32,734 62,621 37,248 43,100 33,968 50,427 40,696 38,713
Net income 1 20,101 42,309 19,360 16,093 17,838 31,725 25,968 24,924
Net Debt 1 52,555 44,837 43,541 38,809 45,687 38,828 35,369 34,220
Reference price 2 21.96 28.03 32.75 31.00 36.88 44.66 44.66 44.66
Nbr of stocks (in thousands) 7,640,301 7,003,503 6,524,109 6,115,031 5,720,615 5,562,342 - -
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.($)
13.99x3.47x6.62x5.12% 1,747B
12.66x1.76x5.9x3.69% 379B
8.15x0.63x3.89x6.46% 291B
8.18x1.05x4.37x4.65% 195B
5.89x1.75x2.8x7.64% 149B
3.46x1.56x2.94x11.1% 117B
7.26x0.83x2.02x3.94% 94.82B
8.66x0.82x4.05x4.72% 79.46B
Average 8.53x 1.48x 4.07x 5.92% 381.59B
Weighted average by Cap. 11.75x 2.52x 5.59x 5.35%

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