SHELL PLC (SHELL.AS) Fundamental Analysis & Valuation

AMS:SHELL • GB00BP6MXD84

Current stock price

38.428 EUR
+0.6 (+1.58%)
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

  • In the past year SHELL was profitable.
  • 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

  • The Return On Assets of SHELL (4.82%) is comparable to the rest of the industry.
  • The Return On Equity of SHELL (10.23%) is comparable to the rest of the industry.
  • SHELL has a Return On Invested Capital of 6.19%. This is comparable to the rest of the industry: SHELL outperforms 50.72% of its industry peers.
  • SHELL had an Average Return On Invested Capital over the past 3 years of 6.63%. This is below the industry average of 9.56%.
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 has a Profit Margin of 6.68%. This is comparable to the rest of the industry: SHELL outperforms 42.03% of its industry peers.
  • In the last couple of years the Profit Margin of SHELL has declined.
  • SHELL has a Operating Margin of 11.51%. This is in the lower half of the industry: SHELL underperforms 65.22% of its industry peers.
  • SHELL's Operating Margin has improved in the last couple of years.
  • The Gross Margin of SHELL (25.40%) is worse than 72.46% 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

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), 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
  • The debt/assets ratio for SHELL is higher compared to a year ago.
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.
  • SHELL has a Altman-Z score (2.50) 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 69.57% of its industry peers.
  • A Debt/Equity ratio of 0.38 indicates that SHELL is not too dependend on debt financing.
  • The Debt to Equity ratio of SHELL (0.38) is better than 62.32% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.38
Debt/FCF 3.16
Altman-Z 2.5
ROIC/WACC0.81
WACC7.69%
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

  • A Current Ratio of 1.30 indicates that SHELL should not have too much problems paying its short term obligations.
  • SHELL's Current ratio of 1.30 is in line compared to the rest of the industry. SHELL outperforms 47.83% of its industry peers.
  • A Quick Ratio of 1.03 indicates that SHELL should not have too much problems paying its short term obligations.
  • The Quick ratio of SHELL (1.03) is comparable to the rest of the 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

  • SHELL shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -16.29%.
  • SHELL shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 38.24% yearly.
  • The Revenue has decreased by -6.13% in the past 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

  • The Earnings Per Share is expected to grow by 11.53% on average over the next years. This is quite good.
  • SHELL is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.05% yearly.
EPS Next Y26.01%
EPS Next 2Y13.22%
EPS Next 3Y11.05%
EPS Next 5Y11.53%
Revenue Next Year14.33%
Revenue Next 2Y3.42%
Revenue Next 3Y3.59%
Revenue Next 5Y2.05%

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 1 2 3 4 5

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6

4. SHELL.AS Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 14.39, SHELL is valued correctly.
  • 71.01% of the companies in the same industry are more expensive than SHELL, based on the Price/Earnings ratio.
  • SHELL's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.54.
  • The Price/Forward Earnings ratio is 11.41, which indicates a very decent valuation of SHELL.
  • Based on the Price/Forward Earnings ratio, SHELL is valued a bit cheaper than the industry average as 69.57% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 21.68, SHELL is valued a bit cheaper.
Industry RankSector Rank
PE 14.39
Fwd PE 11.41
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

  • 69.57% of the companies in the same industry are more expensive than SHELL, based on the Enterprise Value to EBITDA ratio.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of SHELL indicates a rather cheap valuation: SHELL is cheaper than 85.51% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 10.58
EV/EBITDA 5.26
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)0.38
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 3.26%.
  • Compared to an average industry Dividend Yield of 4.64, 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 1.82.
Industry RankSector Rank
Dividend Yield 3.26%

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.
  • SHELL's earnings are growing more than its dividend. This makes the dividend growth 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 (4/30/2026, 5:18:20 PM)

38.428

+0.6 (+1.58%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Industry StrengthN/A
Industry GrowthN/A
Earnings (Last)02-05
Earnings (Next)05-07
Inst Owners35.12%
Inst Owner ChangeN/A
Ins Owners0.06%
Ins Owner ChangeN/A
Market Cap216.17B
Revenue(TTM)266.89B
Net Income(TTM)17.84B
Analysts71.85
Price Target36.52 (-4.97%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.26%
Yearly Dividend1.22
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)3.99%
EPS NQ rev (3m)22.65%
EPS NY rev (1m)24.54%
EPS NY rev (3m)22.81%
Revenue NQ rev (1m)5.15%
Revenue NQ rev (3m)31.44%
Revenue NY rev (1m)18.54%
Revenue NY rev (3m)18.34%
Valuation
Industry RankSector Rank
PE 14.39
Fwd PE 11.41
P/S 0.95
P/FCF 10.58
P/OCF 5.9
P/B 1.45
P/tB 1.71
EV/EBITDA 5.26
EPS(TTM)2.67
EY6.95%
EPS(NY)3.37
Fwd EY8.77%
FCF(TTM)3.63
FCFY9.45%
OCF(TTM)6.51
OCFY16.94%
SpS40.53
BVpS26.48
TBVpS22.43
PEG (NY)0.55
PEG (5Y)0.38
Graham Number39.8866 (3.8%)
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
WACC7.69%
ROIC/WACC0.81
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 5Y11.53%
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 5Y2.05%
EBIT growth 1Y-7.86%
EBIT growth 3Y-19.48%
EBIT growth 5Y84.52%
EBIT Next Year82.13%
EBIT Next 3Y21.48%
EBIT Next 5Y15.33%
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 14.39 and the Price/Book (PB) ratio is 1.45.


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%.