SHELL Stock Analysis: Shell | AS
Oil & Gas Integrated | AS, Netherlands | Market Cap: 245.997m EUR | 12M Return: 45.1% | GB00BP6MXD84 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 192M
EPS Trend: -51.8%
Qual. Beats: 2
Rev. Trend: -75.1%
Qual. Beats: 1
Warnings
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Shell plc is a UK-headquartered energy and petrochemical company operating across Europe, Asia, Oceania, Africa, the Americas, and the United States. Founded in 1897 and formerly known as Royal Dutch Shell plc (renamed in January 2022), the company is vertically integrated across five reporting segments: Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions.
Its operations span the full energy value chain, from exploration and extraction of crude oil, natural gas, and natural gas liquids, through LNG and gas-to-liquids (GTL) production, refining, petrochemicals manufacturing, and the marketing of fuels, lubricants, and related products. Shell also runs a global retail network that now includes electric vehicle charging and convenience retail, alongside wholesale commercial fuels. The Renewables and Energy Solutions segment extends the business into low-carbon offerings such as biofuels for aviation, marine, and agriculture, reflecting the broader industry shift by integrated oil and gas majors toward energy transition products alongside their traditional hydrocarbon operations.
- LNG demand growth supports Integrated Gas segment margins
- Share buybacks accelerate as free cash flow surges
- Refining margins compress on weaker product spreads
| Net Income: 25.8b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA 0.42 > 1.0 |
| NWC/Revenue: 12.36% < 20% (prev 10.87%; Δ 1.49% < -1%) |
| CFO/TA 0.12 > 3% & CFO 47.3b > Net Income 25.8b |
| Net Debt (72.3b) to EBITDA (65.6b): 1.10 < 3 |
| Current Ratio: 1.43 > 1.5 & < 3 |
| Outstanding Shares: last quarter (5.64b) vs 12m ago -11.42% < -2% |
| Gross Margin: 20.18% > 18% (prev 14.86%; Δ 5.32% > 0.5%) |
| Asset Turnover: 78.35% > 50% (prev 70.12%; Δ 8.23% > 0%) |
| Interest Coverage Ratio: 8.25 > 6 (EBIT TTM 42.3b / Interest Expense TTM 5.13b) |
| A: 0.10 (Total Current Assets 123b - Total Current Liabilities 85.6b) / Total Assets 380b |
| B: 0.52 (Retained Earnings 198b / Total Assets 380b) |
| C: 0.11 (EBIT TTM 42.3b / Avg Total Assets 384b) |
| D: 0.91 (Book Value of Equity 181b / Total Liabilities 199b) |
| Altman-Z'' = 4.03 = AA |
| DSRI: 1.05 (Receivables 52.9b/45.6b, Revenue 301b/272b) |
| GMI: 0.74 (GM 14.86% / 20.18%) |
| AQI: 0.96 (AQ_t 0.20 / AQ_t-1 0.21) |
| SGI: 1.11 (Revenue 301b / 272b) |
| TATA: -0.06 (NI 25.8b - CFO 47.3b) / TA 380b) |
| Beneish M = -3.18 (Cap -4..+1) = AA |
As of October 09, 2026, the stock is trading at EUR 44.75 with a total of 4,189,385 shares traded. Over the past week, the price has changed by +5.94%, over one month by +9.53%, over three months by +24.87% and over the past year by +45.10%.
Current recommended Stop Loss: 43.60 (which is 2.6% or 1.5 ATR below the current price).
Shell has no consensus analysts rating.
Market Cap USD = 277b (246b EUR * 1.1253 EUR.USD)
P/E Trailing = 11.1302
P/E Forward = 9.7182
P/S = 0.8294
P/B = 1.5063
P/EG = 1.6146
Revenue TTM = 301b USD
EBIT TTM = 42.3b USD
EBITDA TTM = 65.6b USD
Long Term Debt = 42.2b USD (from longTermDebt, last fiscal year)
Short Term Debt = 8.54b USD (from shortTermDebt, last quarter)
Debt = 104b USD (from shortLongTermDebtTotal, last quarter) + Leases 30.6b
Net Debt = 72.3b USD (calculated: Debt 104b - CCE 31.4b)
Enterprise Value = 349b USD (277b + Debt 104b - CCE 31.4b)
Interest Coverage Ratio = 8.25 (Ebit TTM 42.3b / Interest Expense TTM 5.13b)
EV/FCF = 11.75x (Enterprise Value 349b / FCF TTM 29.7b)
FCF Yield = 8.51% (FCF TTM 29.7b / Enterprise Value 349b)
FCF Margin = 9.88% (FCF TTM 29.7b / Revenue TTM 301b)
Net Margin = 8.58% (Net Income TTM 25.8b / Revenue TTM 301b)
Gross Margin = 20.18% ((Revenue TTM 301b - Cost of Revenue TTM 240b) / Revenue TTM)
Gross Margin QoQ = 26.05% (prev 19.13%)
Tobins Q-Ratio = 0.92 (Enterprise Value 349b / Total Assets 380b)
Interest Expense / Debt = 4.95% (Interest Expense 5.13b / Debt 104b)
Taxrate = 34.49% (13.9b / 40.4b)
NOPAT = 27.7b (EBIT 42.3b * (1 - 34.49%))
Current Ratio = 1.43 (Total Current Assets 123b / Total Current Liabilities 85.6b)
Debt / Equity = 0.57 (Debt 104b / totalStockholderEquity, last quarter 181b)
Debt / EBITDA = 1.10 (Net Debt 72.3b / EBITDA 65.6b)
Debt / FCF = 2.43 (Net Debt 72.3b / FCF TTM 29.7b)
Total Stockholder Equity = 176b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.72% (Net Income 25.8b / Total Assets 380b)
RoE = 14.65% (Net Income TTM 25.8b / Total Stockholder Equity 176b)
RoCE = 19.39% (EBIT 42.3b / Capital Employed (Equity 176b + L.T.Debt 42.2b))
RoIC = 9.62% (NOPAT 27.7b / Invested Capital 288b)
WACC = 5.50% (E(277b)/V(380b) * Re(6.35%) + D(104b)/V(380b) * Rd(4.95%) * (1-Tc(0.34)))
Discount Rate = 6.35% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -91.81 | Cagr: -6.16%
[DCF] Terminal Value 75.91% ; FCFF base≈29.3b ; Y1≈30.3b ; Y5≈34.1b
[DCF] Fair Price = 79.74 (EV 527b - Net Debt 72.3b = Equity 454b / Shares 5.70b; r=8.35% [WACC [floored]]; 5y FCF grow 3.60% → 2.50% )
EPS Correlation: -51.85 | EPS CAGR: -7.45% | SUE: 2.49 | # QB: 2
Revenue Correlation: -75.06 | Revenue CAGR: -5.79% | SUE: 0.98 | # QB: 1
EPS current Quarter (2026-09-30): EPS=2.04 | Chg30d=+45.63% | Revisions=+25% | Analysts=1
EPS current Year (2026-12-31): EPS=6.03 | Chg30d=+8.27% | Revisions=+25% | GrowthEPS=+91.4% | GrowthRev=+28.0%
EPS next Year (2027-12-31): EPS=5.38 | Chg30d=+16.13% | Revisions=+25% | GrowthEPS=-10.8% | GrowthRev=-7.4%
[Analyst] Revisions Ratio: +50% (up=3, down=0)