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SHELL PLC (SHELL.AS) Stock Fundamental Analysis

AMS:SHELL - Euronext Amsterdam - GB00BP6MXD84 - Common Stock - Currency: EUR

29.23  +0.05 (+0.19%)

Fundamental Rating

5

Taking everything into account, SHELL scores 5 out of 10 in our fundamental rating. SHELL was compared to 59 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.
SHELL had a positive operating cash flow in the past year.
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 4.15%. This is comparable to the rest of the industry: SHELL outperforms 44.07% of its industry peers.
With a Return On Equity value of 9.03%, SHELL perfoms like the industry average, outperforming 42.37% of the companies in the same industry.
SHELL has a Return On Invested Capital of 6.56%. This is comparable to the rest of the industry: SHELL outperforms 45.76% of its industry peers.
SHELL had an Average Return On Invested Capital over the past 3 years of 8.04%. This is significantly below the industry average of 14.75%.
Industry RankSector Rank
ROA 4.15%
ROE 9.03%
ROIC 6.56%
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 5.66%, SHELL is doing worse than 62.71% of the companies in the same industry.
SHELL's Profit Margin has improved in the last couple of years.
With a Operating Margin value of 11.72%, SHELL is not doing good in the industry: 66.10% of the companies in the same industry are doing better.
SHELL's Operating Margin has improved in the last couple of years.
The Gross Margin of SHELL (25.61%) is worse than 72.88% of its industry peers.
In the last couple of years the Gross Margin of SHELL has grown nicely.
Industry RankSector Rank
OM 11.72%
PM (TTM) 5.66%
GM 25.61%
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

SHELL has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
SHELL has less shares outstanding than it did 1 year ago.
SHELL has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, SHELL has an improved debt to assets ratio.
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

SHELL has an Altman-Z score of 2.11. 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.
With a Altman-Z score value of 2.11, SHELL perfoms like the industry average, outperforming 55.93% of the companies in the same industry.
SHELL has a debt to FCF ratio of 2.20. This is a good value and a sign of high solvency as SHELL would need 2.20 years to pay back of all of its debts.
SHELL has a better Debt to FCF ratio (2.20) than 79.66% of its industry peers.
A Debt/Equity ratio of 0.37 indicates that SHELL is not too dependend on debt financing.
SHELL has a Debt to Equity ratio of 0.37. This is in the better half of the industry: SHELL outperforms 61.02% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.37
Debt/FCF 2.2
Altman-Z 2.11
ROIC/WACC0.91
WACC7.19%
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 1.35 indicates that SHELL should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.35, SHELL is in line with its industry, outperforming 44.07% of the companies in the same industry.
SHELL has a Quick Ratio of 1.10. This is a normal value and indicates that SHELL is financially healthy and should not expect problems in meeting its short term obligations.
With a Quick ratio value of 1.10, SHELL perfoms like the industry average, outperforming 47.46% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.35
Quick Ratio 1.1
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 -12.54% in the last year.
SHELL shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 12.99% yearly.
The Revenue has decreased by -6.97% in the past year.
The Revenue has been decreasing by -3.79% on average over the past years.
EPS 1Y (TTM)-12.54%
EPS 3Y14.67%
EPS 5Y12.99%
EPS Q2Q%-23.33%
Revenue 1Y (TTM)-6.97%
Revenue growth 3Y2.83%
Revenue growth 5Y-3.79%
Sales Q2Q%-4.48%

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 8.75% on average per year.
Based on estimates for the next years, SHELL will show a small growth in Revenue. The Revenue will grow by 0.47% on average per year.
EPS Next Y-2.58%
EPS Next 2Y3.05%
EPS Next 3Y4.54%
EPS Next 5Y8.75%
Revenue Next Year-5.34%
Revenue Next 2Y-2.47%
Revenue Next 3Y0.47%
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

SHELL is valuated reasonably with a Price/Earnings ratio of 9.52.
SHELL's Price/Earnings ratio is in line with the industry average.
When comparing the Price/Earnings ratio of SHELL to the average of the S&P500 Index (26.25), we can say SHELL is valued rather cheaply.
A Price/Forward Earnings ratio of 8.30 indicates a reasonable valuation of SHELL.
SHELL's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 22.15. SHELL is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 9.52
Fwd PE 8.3
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 83.05% 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 89.83% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 2.78
EV/EBITDA 2.08
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)0.73
EPS Next 2Y3.05%
EPS Next 3Y4.54%

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5

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 4.26%, SHELL is a good candidate for dividend investing.
SHELL's Dividend Yield is comparable with the industry average which is at 60.24.
Compared to an average S&P500 Dividend Yield of 2.40, SHELL pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.26%

5.2 History

The dividend of SHELL decreases each year by -6.24%.
Dividend Growth(5Y)-6.24%
Div Incr Years2
Div Non Decr Years2
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 53.86% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP53.86%
EPS Next 2Y3.05%
EPS Next 3Y4.54%
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 (5/30/2025, 7:00:00 PM)

29.23

+0.05 (+0.19%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)05-02 2025-05-02/bmo
Earnings (Next)07-31 2025-07-31/bmo
Inst Owners36.89%
Inst Owner ChangeN/A
Ins Owners0.04%
Ins Owner ChangeN/A
Market Cap86.50B
Analysts80.74
Price Target40.11 (37.22%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.26%
Yearly Dividend1.21
Dividend Growth(5Y)-6.24%
DP53.86%
Div Incr Years2
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-4.77%
Min EPS beat(2)-29.22%
Max EPS beat(2)19.68%
EPS beat(4)3
Avg EPS beat(4)1.32%
Min EPS beat(4)-29.22%
Max EPS beat(4)19.68%
EPS beat(8)5
Avg EPS beat(8)0.75%
EPS beat(12)8
Avg EPS beat(12)2.92%
EPS beat(16)10
Avg EPS beat(16)1.83%
Revenue beat(2)0
Avg Revenue beat(2)-6.43%
Min Revenue beat(2)-8.85%
Max Revenue beat(2)-4.01%
Revenue beat(4)0
Avg Revenue beat(4)-9.55%
Min Revenue beat(4)-20.18%
Max Revenue beat(4)-4.01%
Revenue beat(8)1
Avg Revenue beat(8)-11.49%
Revenue beat(12)3
Avg Revenue beat(12)-7.52%
Revenue beat(16)3
Avg Revenue beat(16)-13.71%
PT rev (1m)-5.72%
PT rev (3m)-4.66%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-12.7%
EPS NY rev (1m)0%
EPS NY rev (3m)-5.52%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-13.59%
Revenue NY rev (1m)2.69%
Revenue NY rev (3m)-2.49%
Valuation
Industry RankSector Rank
PE 9.52
Fwd PE 8.3
P/S 0.34
P/FCF 2.78
P/OCF 1.79
P/B 0.55
P/tB 0.64
EV/EBITDA 2.08
EPS(TTM)3.07
EY10.5%
EPS(NY)3.52
Fwd EY12.04%
FCF(TTM)10.5
FCFY35.92%
OCF(TTM)16.36
OCFY55.98%
SpS85.07
BVpS53.35
TBVpS45.72
PEG (NY)N/A
PEG (5Y)0.73
Profitability
Industry RankSector Rank
ROA 4.15%
ROE 9.03%
ROCE 11.39%
ROIC 6.56%
ROICexc 7.53%
ROICexgc 8.37%
OM 11.72%
PM (TTM) 5.66%
GM 25.61%
FCFM 12.34%
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 Turnover0.73
Health
Industry RankSector Rank
Debt/Equity 0.37
Debt/FCF 2.2
Debt/EBITDA 1.1
Cap/Depr 72.94%
Cap/Sales 6.89%
Interest Coverage 7.31
Cash Conversion 90.83%
Profit Quality 218.01%
Current Ratio 1.35
Quick Ratio 1.1
Altman-Z 2.11
F-Score6
WACC7.19%
ROIC/WACC0.91
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)-12.54%
EPS 3Y14.67%
EPS 5Y12.99%
EPS Q2Q%-23.33%
EPS Next Y-2.58%
EPS Next 2Y3.05%
EPS Next 3Y4.54%
EPS Next 5Y8.75%
Revenue 1Y (TTM)-6.97%
Revenue growth 3Y2.83%
Revenue growth 5Y-3.79%
Sales Q2Q%-4.48%
Revenue Next Year-5.34%
Revenue Next 2Y-2.47%
Revenue Next 3Y0.47%
Revenue Next 5YN/A
EBIT growth 1Y-14.35%
EBIT growth 3Y8.68%
EBIT growth 5Y5.15%
EBIT Next Year42.26%
EBIT Next 3Y12.68%
EBIT Next 5Y10.84%
FCF growth 1Y12.46%
FCF growth 3Y10.36%
FCF growth 5Y12.81%
OCF growth 1Y0.92%
OCF growth 3Y6.63%
OCF growth 5Y5.33%