Company Valuation: Shell plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 167,813 196,279 213,695 189,552 210,962 292,929 - -
Change - 16.96% 8.87% -11.3% 11.3% 38.85% - -
Enterprise Value (EV) 1 220,368 241,116 257,236 228,361 256,649 334,365 326,315 325,251
Change - 9.41% 6.69% -11.23% 12.39% 30.28% -2.41% -0.33%
P/E 8.54x 4.91x 11.5x 12.3x 12.3x 8.13x 9.51x 10.4x
PBR 0.98x 1.03x 1.15x 1.06x 1.21x 1.53x 1.4x 1.27x
PEG - 0x -0.2x -1.1x 0.7x 0x -0.7x -1.26x
Capitalization / Revenue 0.64x 0.51x 0.67x 0.67x 0.79x 0.83x 0.91x 0.99x
EV / Revenue 0.84x 0.63x 0.81x 0.8x 0.96x 0.95x 1.02x 1.1x
EV / EBITDA 4.01x 2.86x 3.75x 3.47x 4.57x 4.18x 4.54x 5.05x
EV / EBIT 6.73x 3.85x 6.91x 5.3x 7.56x 5.83x 6.94x 8.09x
EV / FCF 5.46x 5.26x 7.06x 5.78x 9.85x 10.3x 10.4x 11.5x
FCF Yield 18.3% 19% 14.2% 17.3% 10.2% 9.69% 9.6% 8.73%
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% 3.04% 3.18% 3.33%
EPS 2 2.57 5.71 2.85 2.53 3 6.302 5.384 4.94
Distribution rate 34.8% 17.3% 45.4% 54.9% 48.2% 24.7% 30.3% 34.5%
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 79,897 71,908 64,392
EBIT 1 32,734 62,621 37,248 43,100 33,968 57,313 47,019 40,214
Net income 1 20,101 42,309 19,360 16,093 17,838 33,718 28,129 24,543
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 51.21 51.21 51.21
Nbr of stocks (in thousands) 7,640,301 7,003,503 6,524,109 6,115,031 5,720,615 5,720,502 - -
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.($)
13.32x3.44x6.62x5.34% 1,659B
12.82x1.84x5.95x3.32% 422B
8.29x0.65x4.24x6.29% 314B
8.04x0.94x4.15x3.08% 290B
7.31x1.01x4.16x4.61% 196B
4.41x1.77x3.31x8.01% 155B
6.13x1.7x2.71x7.45% 152B
7.55x0.84x1.98x3.59% 104B
8.46x0.86x4.26x4.71% 82.71B
Average 8.48x 1.45x 4.15x 5.15% 375.04B
Weighted average by Cap. 10.95x 2.32x 5.43x 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