Financials Shell plc

Equities

SHEL

GB00BP6MXD84

Integrated Oil & Gas

Market Closed - London S.E. Other stock markets 11:35:12 2024-12-13 am EST			5-day change	1st Jan Change
2,498.50 ^GBX	-0.26%		+0.83%	-2.84%

07:46am	Subsea7 Bags Sizable Contract for Shell Development in US Gulf of Mexico	MT
07:07am	Subsea 7 wins major contract in the Gulf of Mexico	FW

Projected Income Statement: Shell plc

income-statement-evolution-chart SHELL-PLC

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	344,877	180,543	261,504	381,314	316,620	294,189	273,802	281,480
Change	-	-47.65%	44.84%	45.82%	-16.97%	-7.08%	-6.93%	2.8%
EBITDA ¹	60,148	26,915	55,004	84,289	68,538	64,224	58,790	57,790
Change	-	-55.25%	104.36%	53.24%	-18.69%	-6.29%	-8.46%	-1.7%
EBIT ¹	31,447	10,758	32,734	62,621	37,248	39,383	33,197	32,686
Change	-	-65.79%	204.28%	91.3%	-40.52%	5.73%	-15.71%	-1.54%
Interest Paid ¹	-4,690	-4,089	-3,607	-3,181	-4,673	-3,017	-2,701	-2,611
Earnings before Tax (EBT) ¹	25,486	-26,966	29,829	64,814	32,628	35,139	33,010	33,399
Change	-	-	-	117.29%	-49.66%	7.7%	-6.06%	1.18%
Net income ¹	15,843	-21,680	20,101	42,309	19,360	22,925	22,807	22,443
Change	-	-	-	110.48%	-54.24%	18.41%	-0.52%	-1.59%
Announcement Date	1/30/20	2/4/21	2/3/22	2/2/23	2/1/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3
Net sales ¹	84,006	60,029	32,504	44,021	43,989	55,665	60,515	60,044	85,280	84,204	100,059	95,749	101,303	86,959	74,578	76,350	78,732	72,478	74,463	71,089	82,206	78,736	69,337	70,988	66,899	66,899	66,899	66,899
Change	-	-28.54%	-45.85%	35.43%	-0.07%	26.54%	8.71%	-0.78%	42.03%	-1.26%	18.83%	-4.31%	5.8%	-14.16%	-14.24%	2.38%	3.12%	-7.94%	2.74%	-4.53%	15.64%	-4.22%	-11.94%	2.38%	-5.76%	0%	0%	0%
EBITDA ¹	15,642	11,489	5,265	8,428	5,317	12,050	13,507	13,460	16,349	19,028	23,150	21,512	20,600	21,432	14,435	16,336	16,335	18,711	16,806	16,005	15,081	15,145	14,736	14,804	15,323	14,434	14,057	13,942
Change	-	-26.55%	-54.17%	60.08%	-36.91%	126.63%	12.09%	-0.35%	21.46%	16.39%	21.66%	-7.08%	-4.24%	4.04%	-32.65%	13.17%	-0.01%	14.55%	-10.18%	-4.77%	-5.77%	0.43%	-2.7%	0.46%	3.5%	-5.8%	-2.62%	-0.82%
EBIT ¹	6,404	4,396	1,950	2,177	2,233	6,154	7,952	7,428	11,199	14,445	18,108	14,879	14,591	15,500	6,563	10,425	5,114	13,057	11,164	10,427	7,041	8,069	6,119	6,434	-	-	-	-
Change	-	-31.36%	-55.64%	11.64%	2.57%	175.59%	29.22%	-6.59%	50.77%	28.98%	25.36%	-17.83%	-1.94%	6.23%	-57.66%	58.85%	-50.94%	155.32%	-14.5%	-6.6%	-32.47%	14.6%	-24.17%	5.15%	-100%	-	-	-
Charge d'intérêts	-1,118	-1,118	-1,070	-992	-908	-892	-893	-859	-963	-711	-695	-734	-1,041	-1,165	-1,211	-1,131	-	-	-1,235	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	2,791	623	-23,907	442	-4,124	8,237	4,130	1,193	16,269	10,776	26,160	11,435	16,443	14,354	5,348	11,291	1,635	11,044	7,555	7,270	7,870	8,720	8,814	8,818	8,706	-	-	-
Change	-	-77.68%	-	-	-	-	-49.86%	-71.11%	1,263.7%	-33.76%	142.76%	-56.29%	43.8%	-12.7%	-62.74%	111.13%	-85.52%	575.47%	-31.59%	-3.77%	8.26%	10.8%	1.07%	0.05%	-1.27%	-100%	-	-
Net income ¹	965	-24	-18,131	489	-4,014	5,660	3,428	-447	11,461	7,116	18,040	6,743	10,409	8,709	3,134	7,044	474	7,358	3,517	4,291	5,849	6,029	5,723	5,730	5,666	5,271	5,094	5,005
Change	-	-	75,445.83%	-	-	-	-39.43%	-	-	-37.91%	153.51%	-62.62%	54.37%	-16.33%	-64.01%	124.76%	-93.27%	1,452.32%	-52.2%	22.01%	36.3%	3.07%	-5.07%	0.13%	-1.11%	-6.98%	-3.36%	-1.74%
Announcement Date	1/30/20	4/30/20	7/30/20	10/29/20	2/4/21	4/29/21	7/29/21	10/28/21	2/3/22	5/5/22	7/28/22	10/27/22	2/2/23	5/4/23	7/27/23	11/2/23	2/1/24	5/2/24	8/1/24	10/31/24	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Shell plc

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	78,370	75,386	52,555	44,837	43,541	36,151	35,240	33,046
Change	-	-3.81%	-30.29%	-14.69%	-2.89%	-16.97%	-2.52%	-6.23%
Announcement Date	1/30/20	2/4/21	2/3/22	2/2/23	2/1/24	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Shell plc

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	22,971	16,585	19,000	22,600	22,993	21,089	22,544	23,064
Change	-	-27.8%	14.56%	18.95%	1.74%	-8.28%	6.9%	2.31%
Free Cash Flow (FCF) ¹	19,208	20,828	40,345	45,814	36,460	31,596	26,586	26,412
Change	-	8.43%	93.71%	13.56%	-20.42%	-13.34%	-15.86%	-0.66%
Announcement Date	1/30/20	2/4/21	2/3/22	2/2/23	2/1/24	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Shell plc

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	17.44%	14.91%	21.03%	22.1%	21.65%	21.83%	21.47%	20.53%
EBIT Margin (%)	9.12%	5.96%	12.52%	16.42%	11.76%	13.39%	12.12%	11.61%
EBT Margin (%)	7.39%	-14.94%	11.41%	17%	10.31%	11.94%	12.06%	11.87%
Net margin (%)	4.59%	-12.01%	7.69%	11.1%	6.11%	7.79%	8.33%	7.97%
FCF margin (%)	5.57%	11.54%	15.43%	12.01%	11.52%	10.74%	9.71%	9.38%
FCF / Net Income (%)	121.24%	-96.07%	200.71%	108.28%	188.33%	137.82%	116.57%	117.68%
Profitability
ROA	4.1%	1.24%	4.92%	9.41%	6.7%	6.36%	5.5%	5.5%
ROE	8.55%	2.84%	11.79%	23.35%	15%	13.27%	11.43%	11.13%
Financial Health
Leverage (Debt/EBITDA)	1.3x	2.8x	0.96x	0.53x	0.64x	0.56x	0.6x	0.57x
Debt / Free cash flow	4.08x	3.62x	1.3x	0.98x	1.19x	1.14x	1.33x	1.25x
Capital Intensity
CAPEX / Current Assets (%)	6.66%	9.19%	7.27%	5.93%	7.26%	7.17%	8.23%	8.19%
CAPEX / EBITDA (%)	38.19%	61.62%	34.54%	26.81%	33.55%	32.84%	38.35%	39.91%
CAPEX / FCF (%)	119.59%	79.63%	47.09%	49.33%	63.06%	66.75%	84.8%	87.33%
Items per share
Cash flow per share ¹	5.199	4.375	5.778	9.232	7.97	7.755	7.536	8.216
Change	-	-15.86%	32.06%	59.79%	-13.67%	-2.69%	-2.83%	9.03%
Dividend per Share ¹	1.88	0.653	0.8935	0.99	1.294	1.393	1.468	1.546
Change	-	-65.27%	36.83%	10.8%	30.66%	7.68%	5.39%	5.29%
Book Value Per Share ¹	22.99	19.92	22.38	27.2	28.6	30.14	32.48	34.82
Change	-	-13.33%	12.33%	21.53%	5.16%	5.39%	7.76%	7.21%
EPS ¹	1.95	-2.78	2.57	5.71	2.85	3.619	3.729	4.023
Change	-	-242.56%	-192.45%	122.18%	-50.09%	26.97%	3.04%	7.9%
Nbr of stocks (in thousands)	7,842,982	7,772,923	7,640,301	7,003,503	6,524,109	6,214,410	6,214,410	6,214,410
Announcement Date	1/30/20	2/4/21	2/3/22	2/2/23	2/1/24	-	-	-