SHELL PLC (SHELL.AS) Fundamental Analysis & Valuation

AMS:SHELL • GB00BP6MXD84

Current stock price

38.13 EUR
+0.13 (+0.34%)
Last:

This SHELL.AS fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

4

1. SHELL.AS Profitability Analysis

1.1 Basic Checks

  • SHELL had positive earnings in the past year.
  • SHELL had a positive operating cash flow in the past year.
  • SHELL had positive earnings in each of the past 5 years.
  • In the past 5 years SHELL always reported a positive cash flow from operatings.
SHELL.AS Yearly Net Income VS EBIT VS OCF VS FCFSHELL.AS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20B -20B 40B 60B

1.2 Ratios

  • SHELL's Return On Assets of 4.82% is fine compared to the rest of the industry. SHELL outperforms 62.67% of its industry peers.
  • SHELL has a Return On Equity of 10.23%. This is comparable to the rest of the industry: SHELL outperforms 56.00% of its industry peers.
  • SHELL has a Return On Invested Capital of 6.19%. This is comparable to the rest of the industry: SHELL outperforms 49.33% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for SHELL is below the industry average of 9.33%.
Industry RankSector Rank
ROA 4.82%
ROE 10.23%
ROIC 6.19%
ROA(3y)4.58%
ROA(5y)5.65%
ROE(3y)9.88%
ROE(5y)12.71%
ROIC(3y)6.63%
ROIC(5y)7.06%
SHELL.AS Yearly ROA, ROE, ROICSHELL.AS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 20

1.3 Margins

  • Looking at the Profit Margin, with a value of 6.68%, SHELL is in line with its industry, outperforming 45.33% of the companies in the same industry.
  • SHELL's Profit Margin has declined in the last couple of years.
  • SHELL's Operating Margin of 11.51% is on the low side compared to the rest of the industry. SHELL is outperformed by 61.33% of its industry peers.
  • SHELL's Operating Margin has improved in the last couple of years.
  • SHELL has a worse Gross Margin (25.40%) than 70.67% of its industry peers.
  • In the last couple of years the Gross Margin of SHELL has grown nicely.
Industry RankSector Rank
OM 11.51%
PM (TTM) 6.68%
GM 25.4%
OM growth 3Y-9.31%
OM growth 5Y70.64%
PM growth 3Y-15.55%
PM growth 5YN/A
GM growth 3Y-0.15%
GM growth 5Y3.06%
SHELL.AS Yearly Profit, Operating, Gross MarginsSHELL.AS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 20

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ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. SHELL.AS Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so SHELL is destroying value.
  • SHELL has less shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, SHELL has less shares outstanding
  • Compared to 1 year ago, SHELL has a worse debt to assets ratio.
SHELL.AS Yearly Shares OutstandingSHELL.AS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B
SHELL.AS Yearly Total Debt VS Total AssetsSHELL.AS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100B 200B 300B 400B

2.2 Solvency

  • SHELL has an Altman-Z score of 2.50. This is not the best score and indicates that SHELL is in the grey zone with still only limited risk for bankruptcy at the moment.
  • The Altman-Z score of SHELL (2.50) is comparable to the rest of the industry.
  • SHELL has a debt to FCF ratio of 3.16. This is a good value and a sign of high solvency as SHELL would need 3.16 years to pay back of all of its debts.
  • With a decent Debt to FCF ratio value of 3.16, SHELL is doing good in the industry, outperforming 69.33% of the companies in the same industry.
  • A Debt/Equity ratio of 0.38 indicates that SHELL is not too dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.38, SHELL is in the better half of the industry, outperforming 61.33% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.38
Debt/FCF 3.16
Altman-Z 2.5
ROIC/WACC0.8
WACC7.7%
SHELL.AS Yearly LT Debt VS Equity VS FCFSHELL.AS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50B 100B 150B

2.3 Liquidity

  • SHELL has a Current Ratio of 1.30. This is a normal value and indicates that SHELL is financially healthy and should not expect problems in meeting its short term obligations.
  • SHELL has a Current ratio (1.30) which is in line with its industry peers.
  • A Quick Ratio of 1.03 indicates that SHELL should not have too much problems paying its short term obligations.
  • With a Quick ratio value of 1.03, SHELL perfoms like the industry average, outperforming 48.00% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.3
Quick Ratio 1.03
SHELL.AS Yearly Current Assets VS Current LiabilitesSHELL.AS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50B 100B 150B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. SHELL.AS Growth Analysis

3.1 Past

  • The earnings per share for SHELL have decreased strongly by -16.29% in the last year.
  • The Earnings Per Share has been growing by 38.24% on average over the past years. This is a very strong growth
  • The Revenue has decreased by -6.13% in the past year.
  • SHELL shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.13% yearly.
EPS 1Y (TTM)-16.29%
EPS 3Y-16.62%
EPS 5Y38.24%
EPS Q2Q%-4.92%
Revenue 1Y (TTM)-6.13%
Revenue growth 3Y-11.21%
Revenue growth 5Y8.13%
Sales Q2Q%-3.3%

3.2 Future

  • SHELL is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 16.34% yearly.
  • The Revenue is expected to decrease by -0.64% on average over the next years.
EPS Next Y26.01%
EPS Next 2Y13.22%
EPS Next 3Y11.05%
EPS Next 5Y16.34%
Revenue Next Year14.33%
Revenue Next 2Y3.42%
Revenue Next 3Y3.59%
Revenue Next 5Y-0.64%

3.3 Evolution

  • Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
SHELL.AS Yearly Revenue VS EstimatesSHELL.AS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 100B 200B 300B
SHELL.AS Yearly EPS VS EstimatesSHELL.AS Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2 4 6

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6

4. SHELL.AS Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 14.23, which indicates a correct valuation of SHELL.
  • Based on the Price/Earnings ratio, SHELL is valued a bit cheaper than 73.33% of the companies in the same industry.
  • SHELL's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.42.
  • With a Price/Forward Earnings ratio of 11.31, the valuation of SHELL can be described as very reasonable.
  • 62.67% of the companies in the same industry are more expensive than SHELL, based on the Price/Forward Earnings ratio.
  • When comparing the Price/Forward Earnings ratio of SHELL to the average of the S&P500 Index (22.24), we can say SHELL is valued slightly cheaper.
Industry RankSector Rank
PE 14.23
Fwd PE 11.31
SHELL.AS Price Earnings VS Forward Price EarningsSHELL.AS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, SHELL is valued a bit cheaper than the industry average as 72.00% of the companies are valued more expensively.
  • SHELL's Price/Free Cash Flow ratio is rather cheap when compared to the industry. SHELL is cheaper than 86.67% of the companies in the same industry.
Industry RankSector Rank
P/FCF 10.49
EV/EBITDA 5.27
SHELL.AS Per share dataSHELL.AS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.55
PEG (5Y)0.37
EPS Next 2Y13.22%
EPS Next 3Y11.05%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. SHELL.AS Dividend Analysis

5.1 Amount

  • SHELL has a Yearly Dividend Yield of 3.16%. Purely for dividend investing, there may be better candidates out there.
  • SHELL's Dividend Yield is comparable with the industry average which is at 4.48.
  • SHELL's Dividend Yield is rather good when compared to the S&P500 average which is at 1.81.
Industry RankSector Rank
Dividend Yield 3.16%

5.2 History

  • On average, the dividend of SHELL grows each year by 8.63%, which is quite nice.
Dividend Growth(5Y)8.63%
Div Incr Years0
Div Non Decr Years0
SHELL.AS Yearly Dividends per shareSHELL.AS Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5

5.3 Sustainability

  • 47.49% of the earnings are spent on dividend by SHELL. This is a bit on the high side, but may be sustainable.
  • The dividend of SHELL is growing, but earnings are growing more, so the dividend growth is sustainable.
DP47.49%
EPS Next 2Y13.22%
EPS Next 3Y11.05%
SHELL.AS Yearly Income VS Free CF VS DividendSHELL.AS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20B -20B 40B
SHELL.AS Dividend Payout.SHELL.AS Dividend Payout, showing the Payout Ratio.SHELL.AS Dividend Payout.PayoutRetained Earnings

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SHELL.AS Fundamentals: All Metrics, Ratios and Statistics

SHELL PLC

AMS:SHELL (4/24/2026, 7:00:00 PM)

38.13

+0.13 (+0.34%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-05
Earnings (Next)05-07
Inst Owners35.12%
Inst Owner ChangeN/A
Ins Owners0.06%
Ins Owner ChangeN/A
Market Cap214.50B
Revenue(TTM)266.89B
Net Income(TTM)17.84B
Analysts71.85
Price Target36.52 (-4.22%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.16%
Yearly Dividend1.21
Dividend Growth(5Y)8.63%
DP47.49%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-2.15%
Min EPS beat(2)-11.9%
Max EPS beat(2)7.6%
EPS beat(4)1
Avg EPS beat(4)-6.27%
Min EPS beat(4)-16.35%
Max EPS beat(4)7.6%
EPS beat(8)4
Avg EPS beat(8)-2.47%
EPS beat(12)6
Avg EPS beat(12)-1.59%
EPS beat(16)9
Avg EPS beat(16)0.63%
Revenue beat(2)0
Avg Revenue beat(2)-4.98%
Min Revenue beat(2)-8.18%
Max Revenue beat(2)-1.79%
Revenue beat(4)0
Avg Revenue beat(4)-6.5%
Min Revenue beat(4)-13.37%
Max Revenue beat(4)-1.79%
Revenue beat(8)0
Avg Revenue beat(8)-8.03%
Revenue beat(12)1
Avg Revenue beat(12)-9.82%
Revenue beat(16)3
Avg Revenue beat(16)-7.26%
PT rev (1m)-2.64%
PT rev (3m)-4.95%
EPS NQ rev (1m)13.69%
EPS NQ rev (3m)17.23%
EPS NY rev (1m)24.54%
EPS NY rev (3m)18.99%
Revenue NQ rev (1m)10.88%
Revenue NQ rev (3m)29.55%
Revenue NY rev (1m)18.54%
Revenue NY rev (3m)18.34%
Valuation
Industry RankSector Rank
PE 14.23
Fwd PE 11.31
P/S 0.94
P/FCF 10.49
P/OCF 5.85
P/B 1.44
P/tB 1.7
EV/EBITDA 5.27
EPS(TTM)2.68
EY7.03%
EPS(NY)3.37
Fwd EY8.85%
FCF(TTM)3.64
FCFY9.54%
OCF(TTM)6.52
OCFY17.09%
SpS40.57
BVpS26.51
TBVpS22.46
PEG (NY)0.55
PEG (5Y)0.37
Graham Number39.9817 (4.86%)
Profitability
Industry RankSector Rank
ROA 4.82%
ROE 10.23%
ROCE 10.67%
ROIC 6.19%
ROICexc 6.92%
ROICexgc 7.72%
OM 11.51%
PM (TTM) 6.68%
GM 25.4%
FCFM 8.96%
ROA(3y)4.58%
ROA(5y)5.65%
ROE(3y)9.88%
ROE(5y)12.71%
ROIC(3y)6.63%
ROIC(5y)7.06%
ROICexc(3y)7.53%
ROICexc(5y)8.03%
ROICexgc(3y)8.37%
ROICexgc(5y)8.89%
ROCE(3y)11.43%
ROCE(5y)12.19%
ROICexgc growth 3Y-16.58%
ROICexgc growth 5Y88.73%
ROICexc growth 3Y-16.97%
ROICexc growth 5Y87.78%
OM growth 3Y-9.31%
OM growth 5Y70.64%
PM growth 3Y-15.55%
PM growth 5YN/A
GM growth 3Y-0.15%
GM growth 5Y3.06%
F-Score5
Asset Turnover0.72
Health
Industry RankSector Rank
Debt/Equity 0.38
Debt/FCF 3.16
Debt/EBITDA 1.19
Cap/Depr 74.89%
Cap/Sales 7.1%
Interest Coverage 7.48
Cash Conversion 76.53%
Profit Quality 134.09%
Current Ratio 1.3
Quick Ratio 1.03
Altman-Z 2.5
F-Score5
WACC7.7%
ROIC/WACC0.8
Cap/Depr(3y)73.77%
Cap/Depr(5y)82.77%
Cap/Sales(3y)7.09%
Cap/Sales(5y)6.89%
Profit Quality(3y)171.08%
Profit Quality(5y)150.28%
High Growth Momentum
Growth
EPS 1Y (TTM)-16.29%
EPS 3Y-16.62%
EPS 5Y38.24%
EPS Q2Q%-4.92%
EPS Next Y26.01%
EPS Next 2Y13.22%
EPS Next 3Y11.05%
EPS Next 5Y16.34%
Revenue 1Y (TTM)-6.13%
Revenue growth 3Y-11.21%
Revenue growth 5Y8.13%
Sales Q2Q%-3.3%
Revenue Next Year14.33%
Revenue Next 2Y3.42%
Revenue Next 3Y3.59%
Revenue Next 5Y-0.64%
EBIT growth 1Y-7.86%
EBIT growth 3Y-19.48%
EBIT growth 5Y84.52%
EBIT Next Year82.13%
EBIT Next 3Y21.48%
EBIT Next 5Y15.43%
FCF growth 1Y-31.83%
FCF growth 3Y-19.48%
FCF growth 5Y6.42%
OCF growth 1Y-21.62%
OCF growth 3Y-14.43%
OCF growth 5Y4.68%

SHELL PLC / SHELL.AS Fundamental Analysis FAQ

What is the ChartMill fundamental rating of SHELL PLC (SHELL.AS) stock?

ChartMill assigns a fundamental rating of 5 / 10 to SHELL.AS.


Can you provide the valuation status for SHELL PLC?

ChartMill assigns a valuation rating of 6 / 10 to SHELL PLC (SHELL.AS). This can be considered as Fairly Valued.


What is the profitability of SHELL stock?

SHELL PLC (SHELL.AS) has a profitability rating of 4 / 10.


Can you provide the PE and PB ratios for SHELL stock?

The Price/Earnings (PE) ratio for SHELL PLC (SHELL.AS) is 14.23 and the Price/Book (PB) ratio is 1.44.


Can you provide the dividend sustainability for SHELL stock?

The dividend rating of SHELL PLC (SHELL.AS) is 6 / 10 and the dividend payout ratio is 47.49%.