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SHELL PLC (SHELL.AS) Stock Fundamental Analysis

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

29.99  -0.45 (-1.48%)

Fundamental Rating

5

SHELL gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 62 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 is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

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

1.2 Ratios

Looking at the Return On Assets, with a value of 3.47%, SHELL is in line with its industry, outperforming 46.77% of the companies in the same industry.
The Return On Equity of SHELL (7.56%) is comparable to the rest of the industry.
SHELL's Return On Invested Capital of 6.41% is in line compared to the rest of the industry. SHELL outperforms 46.77% of its industry peers.
The Average Return On Invested Capital over the past 3 years for SHELL is significantly below the industry average of 14.65%.
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

SHELL has a worse Profit Margin (4.81%) than 64.52% of its industry peers.
SHELL's Profit Margin has improved in the last couple of years.
The Operating Margin of SHELL (11.60%) is worse than 69.35% of its industry peers.
In the last couple of years the Operating Margin of SHELL has grown nicely.
Looking at the Gross Margin, with a value of 25.21%, SHELL is doing worse than 75.81% 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.
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 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

SHELL has an Altman-Z score of 2.10. 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 (2.10) which is in line with 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.
With a decent Debt to FCF ratio value of 2.45, SHELL is doing good in the industry, outperforming 77.42% of the companies in the same industry.
SHELL has a Debt/Equity ratio of 0.36. This is a healthy value indicating a solid balance between debt and equity.
SHELL has a better Debt to Equity ratio (0.36) than 62.90% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.36
Debt/FCF 2.45
Altman-Z 2.1
ROIC/WACC0.87
WACC7.35%
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.
SHELL has a Current ratio of 1.32. This is comparable to the rest of the industry: SHELL outperforms 45.16% of its industry peers.
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

SHELL shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -12.54%.
SHELL shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 12.99% yearly.
Looking at the last year, SHELL shows a decrease in Revenue. The Revenue has decreased by -6.97% in the last year.
Measured over the past years, SHELL shows a decrease in Revenue. The Revenue has been decreasing by -3.79% on average per year.
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

The Earnings Per Share is expected to grow by 8.75% on average over the next years. This is quite good.
The Revenue is expected to grow by 0.47% on average over the next years.
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

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
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

With a Price/Earnings ratio of 10.13, the valuation of SHELL can be described as very reasonable.
62.90% of the companies in the same industry are more expensive than SHELL, based on the Price/Earnings ratio.
SHELL is valuated cheaply when we compare the Price/Earnings ratio to 27.15, which is the current average of the S&P500 Index.
SHELL is valuated reasonably with a Price/Forward Earnings ratio of 8.84.
SHELL's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 21.60. SHELL is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 10.13
Fwd PE 8.84
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

72.58% of the companies in the same industry are more expensive than SHELL, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, SHELL is valued cheaply inside the industry as 90.32% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 3.32
EV/EBITDA 3.08
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)0.78
EPS Next 2Y3.05%
EPS Next 3Y4.54%

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3

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 3.97%, SHELL has a reasonable but not impressive dividend return.
SHELL's Dividend Yield is comparable with the industry average which is at 56.55.
SHELL's Dividend Yield is rather good when compared to the S&P500 average which is at 2.42.
Industry RankSector Rank
Dividend Yield 3.97%

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

SHELL pays out 63.90% of its income as dividend. This is not a sustainable payout ratio.
DP63.9%
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 (6/30/2025, 7:00:00 PM)

29.99

-0.45 (-1.48%)

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 Owners35.27%
Inst Owner ChangeN/A
Ins Owners0.04%
Ins Owner ChangeN/A
Market Cap88.61B
Analysts80
Price Target37.91 (26.41%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.97%
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)-5.48%
PT rev (3m)-9.44%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-4.7%
EPS NY rev (1m)0%
EPS NY rev (3m)0.14%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-12.69%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.49%
Valuation
Industry RankSector Rank
PE 10.13
Fwd PE 8.84
P/S 0.37
P/FCF 3.32
P/OCF 2.05
P/B 0.58
P/tB 0.69
EV/EBITDA 3.08
EPS(TTM)2.96
EY9.87%
EPS(NY)3.39
Fwd EY11.31%
FCF(TTM)9.04
FCFY30.15%
OCF(TTM)14.64
OCFY48.82%
SpS81.28
BVpS51.71
TBVpS43.77
PEG (NY)N/A
PEG (5Y)0.78
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
WACC7.35%
ROIC/WACC0.87
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-7.09%
EBIT growth 3Y8.68%
EBIT growth 5Y5.15%
EBIT Next Year42.26%
EBIT Next 3Y12.68%
EBIT Next 5Y9.28%
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%