SHELL PLC (SHELL.AS) Fundamental Analysis & Valuation

AMS:SHELL • GB00BP6MXD84

Current stock price

40.15 EUR
-0.01 (-0.02%)
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 has a Return On Assets of 4.82%. This is in the better half of the industry: SHELL outperforms 60.26% of its industry peers.
  • With a Return On Equity value of 10.23%, SHELL perfoms like the industry average, outperforming 52.56% of the companies in the same industry.
  • The Return On Invested Capital of SHELL (6.19%) is comparable to the rest of the industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for SHELL is below the industry average of 9.57%.
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

  • SHELL's Profit Margin of 6.68% is in line compared to the rest of the industry. SHELL outperforms 43.59% of its industry peers.
  • In the last couple of years the Profit Margin of SHELL has declined.
  • With a Operating Margin value of 11.51%, SHELL is not doing good in the industry: 64.10% of the companies in the same industry are doing better.
  • In the last couple of years the Operating Margin of SHELL has grown nicely.
  • SHELL has a worse Gross Margin (25.40%) than 71.79% of its industry peers.
  • SHELL's Gross Margin has improved in the last couple of years.
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
  • SHELL has a worse debt/assets ratio than last year.
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

  • An Altman-Z score of 2.13 indicates that SHELL is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • SHELL has a Altman-Z score (2.13) which is in line with its industry peers.
  • 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.
  • SHELL has a better Debt to FCF ratio (3.16) than 67.95% of its industry peers.
  • SHELL has a Debt/Equity ratio of 0.38. This is a healthy value indicating a solid balance between debt and equity.
  • The Debt to Equity ratio of SHELL (0.38) is better than 61.54% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.38
Debt/FCF 3.16
Altman-Z 2.13
ROIC/WACC0.91
WACC6.84%
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's Current ratio of 1.30 is in line compared to the rest of the industry. SHELL outperforms 48.72% of its industry peers.
  • SHELL has a Quick Ratio of 1.03. 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 Quick ratio (1.03) which is in line with its industry peers.
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.
  • Measured over the past years, SHELL shows a very strong growth in Earnings Per Share. The EPS has been growing by 38.24% on average per year.
  • Looking at the last year, SHELL shows a decrease in Revenue. The Revenue has decreased by -6.13% in the last year.
  • The Revenue has been growing by 8.13% on average over the past years. This is quite good.
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

  • Based on estimates for the next years, SHELL will show a quite strong growth in Earnings Per Share. The EPS will grow by 16.34% on average per year.
  • The Revenue is expected to decrease by -0.64% on average over the next years.
EPS Next Y1.18%
EPS Next 2Y7.77%
EPS Next 3Y9.17%
EPS Next 5Y16.34%
Revenue Next Year-3.55%
Revenue Next 2Y1.17%
Revenue Next 3Y2.9%
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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5

4. SHELL.AS Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 14.82, SHELL is valued correctly.
  • 67.95% of the companies in the same industry are more expensive than SHELL, based on the Price/Earnings ratio.
  • Compared to an average S&P500 Price/Earnings ratio of 24.88, SHELL is valued a bit cheaper.
  • A Price/Forward Earnings ratio of 14.63 indicates a correct valuation of SHELL.
  • Based on the Price/Forward Earnings ratio, SHELL is valued a bit cheaper than the industry average as 70.51% of the companies are valued more expensively.
  • When comparing the Price/Forward Earnings ratio of SHELL to the average of the S&P500 Index (22.19), we can say SHELL is valued slightly cheaper.
Industry RankSector Rank
PE 14.82
Fwd PE 14.63
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

  • SHELL's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. SHELL is cheaper than 89.74% of the companies in the same industry.
  • 92.31% of the companies in the same industry are more expensive than SHELL, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 5.45
EV/EBITDA 3.14
SHELL.AS Per share dataSHELL.AS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates SHELL does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)12.6
PEG (5Y)0.39
EPS Next 2Y7.77%
EPS Next 3Y9.17%

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

6

5. SHELL.AS Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 3.13%, SHELL has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 3.88, SHELL has a dividend in line with its industry peers.
  • SHELL's Dividend Yield is rather good when compared to the S&P500 average which is at 1.90.
Industry RankSector Rank
Dividend Yield 3.13%

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 Years3
Div Non Decr Years3
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

  • SHELL pays out 47.49% of its income as dividend. 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 2Y7.77%
EPS Next 3Y9.17%
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 (3/27/2026, 7:00:00 PM)

40.15

-0.01 (-0.02%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-05
Earnings (Next)05-07
Inst Owners37.72%
Inst Owner ChangeN/A
Ins Owners0.04%
Ins Owner ChangeN/A
Market Cap112.94B
Revenue(TTM)266.89B
Net Income(TTM)17.84B
Analysts71.85
Price Target37.51 (-6.58%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.13%
Yearly Dividend1.24
Dividend Growth(5Y)8.63%
DP47.49%
Div Incr Years3
Div Non Decr Years3
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)-2.53%
PT rev (3m)-2.12%
EPS NQ rev (1m)9.05%
EPS NQ rev (3m)3.12%
EPS NY rev (1m)-1.39%
EPS NY rev (3m)-7.04%
Revenue NQ rev (1m)12.98%
Revenue NQ rev (3m)16.83%
Revenue NY rev (1m)0.71%
Revenue NY rev (3m)-1.23%
Valuation
Industry RankSector Rank
PE 14.82
Fwd PE 14.63
P/S 0.49
P/FCF 5.45
P/OCF 3.04
P/B 0.75
P/tB 0.88
EV/EBITDA 3.14
EPS(TTM)2.71
EY6.75%
EPS(NY)2.74
Fwd EY6.84%
FCF(TTM)7.37
FCFY18.35%
OCF(TTM)13.21
OCFY32.89%
SpS82.22
BVpS53.73
TBVpS45.51
PEG (NY)12.6
PEG (5Y)0.39
Graham Number57.24
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 2.13
F-Score5
WACC6.84%
ROIC/WACC0.91
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 Y1.18%
EPS Next 2Y7.77%
EPS Next 3Y9.17%
EPS Next 5Y16.34%
Revenue 1Y (TTM)-6.13%
Revenue growth 3Y-11.21%
Revenue growth 5Y8.13%
Sales Q2Q%-3.3%
Revenue Next Year-3.55%
Revenue Next 2Y1.17%
Revenue Next 3Y2.9%
Revenue Next 5Y-0.64%
EBIT growth 1Y-7.86%
EBIT growth 3Y-19.48%
EBIT growth 5Y84.52%
EBIT Next Year62.13%
EBIT Next 3Y19.44%
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 5 / 10 to SHELL PLC (SHELL.AS). This can be considered as Fairly Valued.


Can you provide the profitability details for SHELL PLC?

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


What are the PE and PB ratios of SHELL PLC (SHELL.AS) stock?

The Price/Earnings (PE) ratio for SHELL PLC (SHELL.AS) is 14.82 and the Price/Book (PB) ratio is 0.75.


What is the earnings growth outlook for SHELL PLC?

The Earnings per Share (EPS) of SHELL PLC (SHELL.AS) is expected to grow by 1.18% in the next year.