Company Valuation: Shell plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 167,813 196,279 213,695 189,552 210,962 245,084 - -
Change - 16.96% 8.87% -11.3% 11.3% 16.17% - -
Enterprise Value (EV) 1 220,368 241,116 257,236 228,361 256,649 288,761 284,380 282,474
Change - 9.41% 6.69% -11.23% 12.39% 12.51% -1.52% -0.67%
P/E 8.54x 4.91x 11.5x 12.3x 12.3x 8.45x 9.55x 9.22x
PBR 0.98x 1.03x 1.15x 1.06x 1.21x 1.35x 1.24x 1.15x
PEG - 0x -0.2x -1.1x 0.7x 0.1x -0.8x 2.53x
Capitalization / Revenue 0.64x 0.51x 0.67x 0.67x 0.79x 0.78x 0.85x 0.84x
EV / Revenue 0.84x 0.63x 0.81x 0.8x 0.96x 0.92x 0.98x 0.96x
EV / EBITDA 4.01x 2.86x 3.75x 3.47x 4.57x 4.16x 4.49x 4.59x
EV / EBIT 6.73x 3.85x 6.91x 5.3x 7.56x 6.11x 7.11x 7.33x
EV / FCF 5.46x 5.26x 7.06x 5.78x 9.85x 9.41x 10.4x 10x
FCF Yield 18.3% 19% 14.2% 17.3% 10.2% 10.6% 9.65% 10%
Dividend per Share 2 0.8935 0.99 1.294 1.39 1.446 1.561 1.628 1.688
Rate of return 4.07% 3.53% 3.95% 4.48% 3.92% 3.54% 3.7% 3.83%
EPS 2 2.57 5.71 2.85 2.53 3 5.212 4.61 4.778
Distribution rate 34.8% 17.3% 45.4% 54.9% 48.2% 29.9% 35.3% 35.3%
Net sales 1 261,504 381,314 316,620 284,312 266,886 312,726 289,999 293,323
EBITDA 1 55,004 84,289 68,538 65,803 56,135 69,467 63,268 61,588
EBIT 1 32,734 62,621 37,248 43,100 33,968 47,258 40,022 38,541
Net income 1 20,101 42,309 19,360 16,093 17,838 28,845 24,922 24,303
Net Debt 1 52,555 44,837 43,541 38,809 45,687 43,677 39,296 37,390
Reference price 2 21.96 28.03 32.75 31.00 36.88 44.04 44.04 44.04
Nbr of stocks (in thousands) 7,640,301 7,003,503 6,524,109 6,115,031 5,720,615 5,564,719 - -
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.($)
13.64x3.38x6.46x5.21% 1,721B
12.71x1.75x5.81x3.74% 378B
7.78x1.04x4.16x4.95% 185B
3.45x1.53x2.92x12.35% 113B
8.18x0.86x2.03x4.17% 94.22B
9.05x0.78x3.86x5.01% 73.26B
Average 9.14x 1.56x 4.21x 5.91% 427.29B
Weighted average by Cap. 12.30x 2.72x 5.81x 5.25%

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