SHELL PLC (SHELL.AS) Fundamental Analysis & Valuation

AMS:SHELL • GB00BP6MXD84

Current stock price

38.945 EUR
+0.41 (+1.06%)
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.
  • Each year in the past 5 years SHELL has been profitable.
  • SHELL had a positive operating cash flow in each of the past 5 years.
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

  • Looking at the Return On Assets, with a value of 4.82%, SHELL is in the better half of the industry, outperforming 62.20% of the companies in the same industry.
  • SHELL has a Return On Equity (10.23%) which is in line with its industry peers.
  • The Return On Invested Capital of SHELL (6.19%) is comparable to the rest of the industry.
  • The Average Return On Invested Capital over the past 3 years for SHELL is below the industry average of 8.92%.
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 (6.68%) which is in line with its industry peers.
  • SHELL's Profit Margin has declined in the last couple of years.
  • SHELL has a Operating Margin of 11.51%. This is in the lower half of the industry: SHELL underperforms 62.20% 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 70.73% 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.
  • The number of shares outstanding for SHELL has been reduced compared to 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 2.12. 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 of 2.12. This is comparable to the rest of the industry: SHELL outperforms 57.32% of 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.
  • With a decent Debt to FCF ratio value of 3.16, SHELL is doing good in the industry, outperforming 69.51% of the companies in the same industry.
  • SHELL has a Debt/Equity ratio of 0.38. This is a healthy value indicating a solid balance between debt and equity.
  • SHELL has a Debt to Equity ratio of 0.38. This is comparable to the rest of the industry: SHELL outperforms 59.76% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.38
Debt/FCF 3.16
Altman-Z 2.12
ROIC/WACC0.88
WACC7.03%
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 50.00% of its industry peers.
  • A Quick Ratio of 1.03 indicates that SHELL should not have too much problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 1.03, SHELL is in line with its industry, outperforming 50.00% 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

  • SHELL shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -16.29%.
  • 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.
  • Measured over the past years, SHELL shows a quite strong growth in Revenue. The Revenue has been growing by 8.13% on average per year.
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 16.34% on average over the next years. This is quite good.
  • Based on estimates for the next years, SHELL will show a decrease in Revenue. The Revenue will decrease by -0.64% on average per year.
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

  • The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in 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

  • The Price/Earnings ratio is 14.27, which indicates a correct valuation of SHELL.
  • Based on the Price/Earnings ratio, SHELL is valued a bit cheaper than 64.63% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of SHELL to the average of the S&P500 Index (25.71), we can say SHELL is valued slightly cheaper.
  • SHELL is valuated correctly with a Price/Forward Earnings ratio of 14.11.
  • SHELL's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. SHELL is cheaper than 67.07% of the companies in the same industry.
  • SHELL is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 23.83, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 14.27
Fwd PE 14.11
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of SHELL indicates a rather cheap valuation: SHELL is cheaper than 86.59% of the companies listed in the same industry.
  • Based on the Price/Free Cash Flow ratio, SHELL is valued cheaply inside the industry as 91.46% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 5.28
EV/EBITDA 3.07
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 an expensive valuation of the company.
PEG (NY)12.13
PEG (5Y)0.37
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 3.26%, SHELL has a reasonable but not impressive dividend return.
  • SHELL's Dividend Yield is comparable with the industry average which is at 4.49.
  • Compared to an average S&P500 Dividend Yield of 1.91, SHELL pays a better dividend.
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 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 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

More info and screens

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SHELL.AS Fundamentals: All Metrics, Ratios and Statistics

SHELL PLC

AMS:SHELL (3/13/2026, 7:00:00 PM)

38.945

+0.41 (+1.06%)

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 Cap110.05B
Revenue(TTM)266.89B
Net Income(TTM)17.84B
Analysts71.85
Price Target37.51 (-3.68%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.26%
Yearly Dividend1.25
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)4.92%
EPS NQ rev (3m)-0.78%
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)-0.17%
Revenue NY rev (3m)-1.23%
Valuation
Industry RankSector Rank
PE 14.27
Fwd PE 14.11
P/S 0.47
P/FCF 5.28
P/OCF 2.95
P/B 0.72
P/tB 0.85
EV/EBITDA 3.07
EPS(TTM)2.73
EY7.01%
EPS(NY)2.76
Fwd EY7.09%
FCF(TTM)7.38
FCFY18.94%
OCF(TTM)13.22
OCFY33.94%
SpS82.3
BVpS53.77
TBVpS45.55
PEG (NY)12.13
PEG (5Y)0.37
Graham Number57.47
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 2.12
F-Score5
WACC7.03%
ROIC/WACC0.88
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 14.27 and the Price/Book (PB) ratio is 0.72.


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.