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SHELL PLC (SHELL.AS) Stock Fundamental Analysis

Europe - AMS:SHELL - GB00BP6MXD84 - Common Stock

30.66 EUR
-0.08 (-0.26%)
Last: 9/12/2025, 7:00:00 PM
Fundamental Rating

5

Overall SHELL gets a fundamental rating of 5 out of 10. We evaluated SHELL against 63 industry peers in the Oil, Gas & Consumable Fuels industry. Both the profitability and the financial health of SHELL get a neutral evaluation. Nothing too spectacular is happening here. SHELL has a valuation in line with the averages, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

SHELL had positive earnings in the past year.
In the past year SHELL had a positive cash flow from operations.
Of the past 5 years SHELL 4 years were profitable.
Each year in the past 5 years SHELL had a positive operating cash flow.
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20B -20B 40B 60B

1.2 Ratios

SHELL has a Return On Assets of 3.47%. This is comparable to the rest of the industry: SHELL outperforms 49.21% of its industry peers.
With a Return On Equity value of 7.56%, SHELL perfoms like the industry average, outperforming 41.27% of the companies in the same industry.
SHELL has a Return On Invested Capital (6.41%) which is in line with its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for SHELL is in line with the industry average of 9.83%.
Industry RankSector Rank
ROA 3.47%
ROE 7.56%
ROIC 6.41%
ROA(3y)6.16%
ROA(5y)3.54%
ROE(3y)13.87%
ROE(5y)7.87%
ROIC(3y)8.04%
ROIC(5y)5.84%
SHELL.AS Yearly ROA, ROE, ROICSHELL.AS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20

1.3 Margins

Looking at the Profit Margin, with a value of 4.81%, SHELL is doing worse than 63.49% of the companies in the same industry.
SHELL's Profit Margin has improved in the last couple of years.
SHELL's Operating Margin of 11.60% is on the low side compared to the rest of the industry. SHELL is outperformed by 63.49% of its industry peers.
SHELL's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 25.21%, SHELL is doing worse than 74.60% of the companies in the same industry.
In the last couple of years the Gross Margin of SHELL has grown nicely.
Industry RankSector Rank
OM 11.6%
PM (TTM) 4.81%
GM 25.21%
OM growth 3Y5.7%
OM growth 5Y9.29%
PM growth 3Y-9.7%
PM growth 5Y4.27%
GM growth 3Y2.18%
GM growth 5Y6.18%
SHELL.AS Yearly Profit, Operating, Gross MarginsSHELL.AS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20

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6

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so SHELL is still creating some value.
Compared to 1 year ago, SHELL has less shares outstanding
The number of shares outstanding for SHELL has been reduced compared to 5 years ago.
The debt/assets ratio for SHELL has been reduced compared to a year ago.
SHELL.AS Yearly Shares OutstandingSHELL.AS Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B
SHELL.AS Yearly Total Debt VS Total AssetsSHELL.AS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100B 200B 300B 400B

2.2 Solvency

An Altman-Z score of 2.10 indicates that SHELL is not a great score, but indicates only limited risk for bankruptcy at the moment.
SHELL has a Altman-Z score of 2.10. This is in the better half of the industry: SHELL outperforms 60.32% of its industry peers.
The Debt to FCF ratio of SHELL is 2.45, which is a good value as it means it would take SHELL, 2.45 years of fcf income to pay off all of its debts.
SHELL has a better Debt to FCF ratio (2.45) than 76.19% of its industry peers.
A Debt/Equity ratio of 0.36 indicates that SHELL is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.36, SHELL is in the better half of the industry, outperforming 60.32% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.36
Debt/FCF 2.45
Altman-Z 2.1
ROIC/WACC0.9
WACC7.1%
SHELL.AS Yearly LT Debt VS Equity VS FCFSHELL.AS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50B 100B 150B

2.3 Liquidity

A Current Ratio of 1.32 indicates that SHELL should not have too much problems paying its short term obligations.
With a Current ratio value of 1.32, SHELL perfoms like the industry average, outperforming 47.62% of the companies in the same industry.
SHELL has a Quick Ratio of 1.08. 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 (1.08) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 1.32
Quick Ratio 1.08
SHELL.AS Yearly Current Assets VS Current LiabilitesSHELL.AS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50B 100B 150B

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3

3. Growth

3.1 Past

The earnings per share for SHELL have decreased strongly by -23.98% in the last year.
The Earnings Per Share has been growing by 12.99% on average over the past years. This is quite good.
SHELL shows a decrease in Revenue. In the last year, the revenue decreased by -9.94%.
SHELL shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -3.79% yearly.
EPS 1Y (TTM)-23.98%
EPS 3Y14.67%
EPS 5Y12.99%
EPS Q2Q%-27.27%
Revenue 1Y (TTM)-9.94%
Revenue growth 3Y2.83%
Revenue growth 5Y-3.79%
Sales Q2Q%-12.16%

3.2 Future

SHELL is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 3.40% yearly.
The Revenue is expected to grow by 0.13% on average over the next years.
EPS Next Y-12.77%
EPS Next 2Y-2.08%
EPS Next 3Y1.74%
EPS Next 5Y3.4%
Revenue Next Year-7.71%
Revenue Next 2Y-3.67%
Revenue Next 3Y0.13%
Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
SHELL.AS Yearly Revenue VS EstimatesSHELL.AS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 100B 200B 300B 400B
SHELL.AS Yearly EPS VS EstimatesSHELL.AS Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 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. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 11.27, the valuation of SHELL can be described as reasonable.
Based on the Price/Earnings ratio, SHELL is valued a bit cheaper than 65.08% of the companies in the same industry.
SHELL's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.30.
Based on the Price/Forward Earnings ratio of 10.02, the valuation of SHELL can be described as reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of SHELL indicates a somewhat cheap valuation: SHELL is cheaper than 61.90% of the companies listed in the same industry.
SHELL is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.73, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 11.27
Fwd PE 10.02
SHELL.AS Price Earnings VS Forward Price EarningsSHELL.AS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of SHELL indicates a somewhat cheap valuation: SHELL is cheaper than 77.78% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of SHELL indicates a rather cheap valuation: SHELL is cheaper than 90.48% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 3.34
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

PEG (NY)N/A
PEG (5Y)0.87
EPS Next 2Y-2.08%
EPS Next 3Y1.74%

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3

5. Dividend

5.1 Amount

SHELL has a Yearly Dividend Yield of 3.95%.
Compared to an average industry Dividend Yield of 56.48, SHELL has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.41, SHELL pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.95%

5.2 History

The dividend of SHELL decreases each year by -6.24%.
Dividend Growth(5Y)-6.24%
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

63.90% of the earnings are spent on dividend by SHELL. This is not a sustainable payout ratio.
DP63.9%
EPS Next 2Y-2.08%
EPS Next 3Y1.74%
SHELL.AS Yearly Income VS Free CF VS DividendSHELL.AS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 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 PLC

AMS:SHELL (9/12/2025, 7:00:00 PM)

30.66

-0.08 (-0.26%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)07-31 2025-07-31/bmo
Earnings (Next)10-30 2025-10-30/bmo
Inst Owners35.27%
Inst Owner ChangeN/A
Ins Owners0.04%
Ins Owner ChangeN/A
Market Cap89.16B
Analysts76.92
Price Target37.81 (23.32%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.95%
Yearly Dividend1.17
Dividend Growth(5Y)-6.24%
DP63.9%
Div Incr Years3
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-16.83%
Min EPS beat(2)-29.22%
Max EPS beat(2)-4.43%
EPS beat(4)2
Avg EPS beat(4)-1.81%
Min EPS beat(4)-29.22%
Max EPS beat(4)19.68%
EPS beat(8)4
Avg EPS beat(8)-0.97%
EPS beat(12)8
Avg EPS beat(12)2.73%
EPS beat(16)10
Avg EPS beat(16)2.32%
Revenue beat(2)0
Avg Revenue beat(2)-11.11%
Min Revenue beat(2)-13.37%
Max Revenue beat(2)-8.85%
Revenue beat(4)0
Avg Revenue beat(4)-7.85%
Min Revenue beat(4)-13.37%
Max Revenue beat(4)-4.01%
Revenue beat(8)1
Avg Revenue beat(8)-8.11%
Revenue beat(12)3
Avg Revenue beat(12)-7.71%
Revenue beat(16)3
Avg Revenue beat(16)-13.19%
PT rev (1m)1.27%
PT rev (3m)-2.92%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-14.26%
EPS NY rev (1m)-10.46%
EPS NY rev (3m)-10.46%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-5.85%
Revenue NY rev (1m)-2.04%
Revenue NY rev (3m)-2.51%
Valuation
Industry RankSector Rank
PE 11.27
Fwd PE 10.02
P/S 0.37
P/FCF 3.34
P/OCF 2.06
P/B 0.58
P/tB 0.69
EV/EBITDA 3.07
EPS(TTM)2.72
EY8.87%
EPS(NY)3.06
Fwd EY9.98%
FCF(TTM)9.18
FCFY29.93%
OCF(TTM)14.86
OCFY48.46%
SpS82.48
BVpS52.47
TBVpS44.42
PEG (NY)N/A
PEG (5Y)0.87
Profitability
Industry RankSector Rank
ROA 3.47%
ROE 7.56%
ROCE 11.12%
ROIC 6.41%
ROICexc 6.41%
ROICexgc 7.08%
OM 11.6%
PM (TTM) 4.81%
GM 25.21%
FCFM 11.12%
ROA(3y)6.16%
ROA(5y)3.54%
ROE(3y)13.87%
ROE(5y)7.87%
ROIC(3y)8.04%
ROIC(5y)5.84%
ROICexc(3y)9.19%
ROICexc(5y)6.67%
ROICexgc(3y)10.16%
ROICexgc(5y)7.37%
ROCE(3y)13.98%
ROCE(5y)10.15%
ROICexcg growth 3Y11.44%
ROICexcg growth 5Y9.96%
ROICexc growth 3Y11.06%
ROICexc growth 5Y9.38%
OM growth 3Y5.7%
OM growth 5Y9.29%
PM growth 3Y-9.7%
PM growth 5Y4.27%
GM growth 3Y2.18%
GM growth 5Y6.18%
F-Score6
Asset Turnover0.72
Health
Industry RankSector Rank
Debt/Equity 0.36
Debt/FCF 2.45
Debt/EBITDA 1.1
Cap/Depr 73.28%
Cap/Sales 6.89%
Interest Coverage 7.26
Cash Conversion 85.79%
Profit Quality 231.34%
Current Ratio 1.32
Quick Ratio 1.08
Altman-Z 2.1
F-Score6
WACC7.1%
ROIC/WACC0.9
Cap/Depr(3y)89.47%
Cap/Depr(5y)74.12%
Cap/Sales(3y)6.69%
Cap/Sales(5y)7.31%
Profit Quality(3y)162.48%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-23.98%
EPS 3Y14.67%
EPS 5Y12.99%
EPS Q2Q%-27.27%
EPS Next Y-12.77%
EPS Next 2Y-2.08%
EPS Next 3Y1.74%
EPS Next 5Y3.4%
Revenue 1Y (TTM)-9.94%
Revenue growth 3Y2.83%
Revenue growth 5Y-3.79%
Sales Q2Q%-12.16%
Revenue Next Year-7.71%
Revenue Next 2Y-3.67%
Revenue Next 3Y0.13%
Revenue Next 5YN/A
EBIT growth 1Y-7.09%
EBIT growth 3Y8.68%
EBIT growth 5Y5.15%
EBIT Next Year42.26%
EBIT Next 3Y12.68%
EBIT Next 5Y8.3%
FCF growth 1Y-27.68%
FCF growth 3Y10.36%
FCF growth 5Y12.81%
OCF growth 1Y-25.27%
OCF growth 3Y6.63%
OCF growth 5Y5.33%