SHELL PLC (SHELL.AS) Stock Fundamental Analysis

AMS:SHELL • GB00BP6MXD84

33.725 EUR
+0.09 (+0.25%)
Last: Feb 19, 2026, 05:36 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

5

SHELL gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 77 industry peers in the Oil, Gas & Consumable Fuels industry. SHELL has only an average score on both its financial health and profitability. SHELL is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

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.
  • SHELL had positive earnings in each of the past 5 years.
  • 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

  • SHELL's Return On Assets of 4.82% is fine compared to the rest of the industry. SHELL outperforms 66.23% of its industry peers.
  • SHELL has a Return On Equity (10.23%) which 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 54.55% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for SHELL is below the industry average of 8.82%.
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 comparable to the rest of the industry.
  • SHELL's Profit Margin has declined in the last couple of years.
  • Looking at the Operating Margin, with a value of 11.51%, SHELL is doing worse than 63.64% of the companies in the same industry.
  • In the last couple of years the Operating Margin of SHELL has grown nicely.
  • SHELL's Gross Margin of 25.40% is on the low side compared to the rest of the industry. SHELL is outperformed by 74.03% 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. Health

2.1 Basic Checks

  • SHELL has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying 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 a worse debt to assets ratio.
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 2.08 indicates that SHELL is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • With a Altman-Z score value of 2.08, SHELL perfoms like the industry average, outperforming 58.44% of the companies in the same industry.
  • 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 Debt to FCF ratio of 3.16. This is in the better half of the industry: SHELL outperforms 74.03% of its industry peers.
  • A Debt/Equity ratio of 0.38 indicates that SHELL is not too dependend on debt financing.
  • With a decent Debt to Equity ratio value of 0.38, SHELL is doing good in the industry, outperforming 63.64% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.38
Debt/FCF 3.16
Altman-Z 2.08
ROIC/WACC0.89
WACC6.92%
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 has a Current ratio (1.30) which is comparable to the rest of the industry.
  • A Quick Ratio of 1.03 indicates that SHELL should not have too much problems paying its short term obligations.
  • SHELL's Quick ratio of 1.03 is in line compared to the rest of the industry. SHELL outperforms 48.05% of 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. Growth

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.
  • SHELL shows a decrease in Revenue. In the last year, the revenue decreased by -6.13%.
  • SHELL shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.13% yearly.
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

  • SHELL is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 16.43% yearly.
  • SHELL is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -0.40% yearly.
EPS Next Y2.6%
EPS Next 2Y8.48%
EPS Next 3Y12.85%
EPS Next 5Y16.43%
Revenue Next Year-2.2%
Revenue Next 2Y2.66%
Revenue Next 3Y0.21%
Revenue Next 5Y-0.4%

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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Find the best growth stocksShow best growing peers

6

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 12.77 indicates a correct valuation of SHELL.
  • Based on the Price/Earnings ratio, SHELL is valued a bit cheaper than 64.94% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 27.27. SHELL is valued rather cheaply when compared to this.
  • The Price/Forward Earnings ratio is 12.44, which indicates a correct valuation of SHELL.
  • Based on the Price/Forward Earnings ratio, SHELL is valued a bit cheaper than the industry average as 63.64% of the companies are valued more expensively.
  • When comparing the Price/Forward Earnings ratio of SHELL to the average of the S&P500 Index (28.16), we can say SHELL is valued rather cheaply.
Industry RankSector Rank
PE 12.77
Fwd PE 12.44
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 85.71% of the companies listed in the same industry.
  • Based on the Price/Free Cash Flow ratio, SHELL is valued cheaply inside the industry as 92.21% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 4.72
EV/EBITDA 2.82
SHELL.AS Per share dataSHELL.AS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • SHELL's earnings are expected to grow with 12.85% in the coming years. This may justify a more expensive valuation.
PEG (NY)4.91
PEG (5Y)0.33
EPS Next 2Y8.48%
EPS Next 3Y12.85%

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

6

5. Dividend

5.1 Amount

  • SHELL has a Yearly Dividend Yield of 3.67%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 5.21, SHELL has a dividend in line with its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.85, SHELL pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.67%

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.
  • SHELL's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP47.49%
EPS Next 2Y8.48%
EPS Next 3Y12.85%
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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Find the best dividend stocksShow peers with best dividend

SHELL PLC

AMS:SHELL (2/19/2026, 5:36:15 PM)

33.725

+0.09 (+0.25%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-05
Earnings (Next)05-07
Inst Owners37.89%
Inst Owner ChangeN/A
Ins Owners0.04%
Ins Owner ChangeN/A
Market Cap95.30B
Revenue(TTM)266.89B
Net Income(TTM)17.84B
Analysts71.54
Price Target38.48 (14.1%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.67%
Yearly Dividend1.21
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)0.8%
PT rev (3m)2.92%
EPS NQ rev (1m)-5.44%
EPS NQ rev (3m)17.36%
EPS NY rev (1m)-3.11%
EPS NY rev (3m)-2.72%
Revenue NQ rev (1m)3.4%
Revenue NQ rev (3m)1.77%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.78%
Valuation
Industry RankSector Rank
PE 12.77
Fwd PE 12.44
P/S 0.42
P/FCF 4.72
P/OCF 2.63
P/B 0.65
P/tB 0.76
EV/EBITDA 2.82
EPS(TTM)2.64
EY7.83%
EPS(NY)2.71
Fwd EY8.04%
FCF(TTM)7.15
FCFY21.19%
OCF(TTM)12.81
OCFY37.97%
SpS79.73
BVpS52.1
TBVpS44.13
PEG (NY)4.91
PEG (5Y)0.33
Graham Number55.63
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 2.08
F-Score5
WACC6.92%
ROIC/WACC0.89
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 Y2.6%
EPS Next 2Y8.48%
EPS Next 3Y12.85%
EPS Next 5Y16.43%
Revenue 1Y (TTM)-6.13%
Revenue growth 3Y-11.21%
Revenue growth 5Y8.13%
Sales Q2Q%-3.3%
Revenue Next Year-2.2%
Revenue Next 2Y2.66%
Revenue Next 3Y0.21%
Revenue Next 5Y-0.4%
EBIT growth 1Y-7.86%
EBIT growth 3Y-19.48%
EBIT growth 5Y84.52%
EBIT Next Year61.29%
EBIT Next 3Y21.51%
EBIT Next 5Y15.13%
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 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.


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 12.77 and the Price/Book (PB) ratio is 0.65.


What is the earnings growth outlook for SHELL PLC?

The Earnings per Share (EPS) of SHELL PLC (SHELL.AS) is expected to grow by 2.6% in the next year.