Shell plc

LSE:SHEL Stock Report

Market Cap: UK£150.3b

Shell Future Growth

Future criteria checks 1/6

Shell's revenue is forecast to decline at 2.9% per annum while its annual earnings are expected to grow at 4.9% per year. EPS is expected to grow by 9.7% per annum. Return on equity is forecast to be 10.3% in 3 years.

Key information

4.9%

Earnings growth rate

9.7%

EPS growth rate

Oil and Gas earnings growth11.3%
Revenue growth rate-2.9%
Future return on equity10.3%
Analyst coverage

Good

Last updated13 Dec 2024

Recent future growth updates

Shell plc Just Missed Earnings And Its Revenue Numbers Were Weaker Than Expected

May 04
Shell plc Just Missed Earnings And Its Revenue Numbers Were Weaker Than Expected

Recent updates

Returns On Capital At Shell (LON:SHEL) Have Hit The Brakes

Nov 25
Returns On Capital At Shell (LON:SHEL) Have Hit The Brakes

Shell's (LON:SHEL) Soft Earnings Don't Show The Whole Picture

Nov 07
Shell's (LON:SHEL) Soft Earnings Don't Show The Whole Picture

Is Shell (LON:SHEL) Using Too Much Debt?

Oct 04
Is Shell (LON:SHEL) Using Too Much Debt?

Shell (LSE:SHEL) Announces New Chairman in Kazakhstan and $3.5 Billion Share Buyback Program

Sep 18
Shell (LSE:SHEL) Announces New Chairman in Kazakhstan and $3.5 Billion Share Buyback Program

Shell (LON:SHEL) Is Looking To Continue Growing Its Returns On Capital

Aug 21
Shell (LON:SHEL) Is Looking To Continue Growing Its Returns On Capital

Investors Continue Waiting On Sidelines For Shell plc (LON:SHEL)

Jul 11
Investors Continue Waiting On Sidelines For Shell plc (LON:SHEL)

A Look At The Fair Value Of Shell plc (LON:SHEL)

Jun 21
A Look At The Fair Value Of Shell plc (LON:SHEL)

Shell plc Just Missed Earnings And Its Revenue Numbers Were Weaker Than Expected

May 04
Shell plc Just Missed Earnings And Its Revenue Numbers Were Weaker Than Expected

Shell (LON:SHEL) Has More To Do To Multiply In Value Going Forward

May 02
Shell (LON:SHEL) Has More To Do To Multiply In Value Going Forward

These 4 Measures Indicate That Shell (LON:SHEL) Is Using Debt Reasonably Well

Apr 01
These 4 Measures Indicate That Shell (LON:SHEL) Is Using Debt Reasonably Well

An Intrinsic Calculation For Shell plc (LON:SHEL) Suggests It's 30% Undervalued

Mar 09
An Intrinsic Calculation For Shell plc (LON:SHEL) Suggests It's 30% Undervalued

Shell's (LON:SHEL) Soft Earnings Don't Show The Whole Picture

Feb 08
Shell's (LON:SHEL) Soft Earnings Don't Show The Whole Picture

Shell (LON:SHEL) Is Doing The Right Things To Multiply Its Share Price

Jan 26
Shell (LON:SHEL) Is Doing The Right Things To Multiply Its Share Price

Earnings and Revenue Growth Forecasts

LSE:SHEL - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/2026281,48022,44326,56748,5059
12/31/2025273,80222,80726,75148,85310
12/31/2024294,18922,92531,56651,4159
9/30/2024296,76215,63834,01754,091N/A
6/30/2024302,02518,39031,09751,740N/A
3/31/2024302,13918,00832,55053,362N/A
12/31/2023316,62019,35931,19854,191N/A
9/30/2023339,19129,29741,57664,027N/A
6/30/2023358,58928,99641,77364,233N/A
3/31/2023384,06943,90243,23467,758N/A
12/31/2022381,31442,30945,81468,414N/A
9/30/2022365,29143,36031,76054,178N/A
6/30/2022329,58536,17035,86757,664N/A
3/31/2022290,04321,55732,27351,625N/A
12/31/2021261,50420,10126,10445,104N/A
9/30/2021220,2124,62625,25243,222N/A
6/30/2021204,1915,56220,59737,600N/A
3/31/2021176,179-15,99611,34127,548N/A
12/31/2020180,543-21,68017,52034,105N/A
9/30/2020220,561-16,70219,99738,083N/A
6/30/2020263,132-11,31219,53439,932N/A
3/31/2020321,1719,81726,28648,399N/A
12/31/2019344,87715,84219,20742,178N/A
9/30/2019363,09920,46830,52353,934N/A
6/30/2019376,65720,42830,55553,774N/A
3/31/2019382,87923,45428,90052,243N/A
12/31/2018388,37923,35230,07453,085N/A
9/30/2018371,57321,56916,61438,339N/A
6/30/2018347,25219,817N/A33,829N/A
3/31/2018322,61815,338N/A35,614N/A
12/31/2017305,17912,977N/A35,650N/A
9/30/2017284,52410,711N/A37,545N/A
6/30/2017270,5497,999N/A38,455N/A
3/31/2017256,8337,629N/A29,462N/A
12/31/2016233,5914,575N/A20,615N/A
9/30/2016226,9703,973N/A16,868N/A
6/30/2016233,821-4,818N/A19,607N/A
3/31/2016247,808-2,007N/A23,365N/A
12/31/2015264,9601,939N/A29,810N/A
9/30/2015299,1881,595N/A33,995N/A
6/30/2015338,33313,474N/A35,575N/A
3/31/2015377,15314,795N/A38,166N/A
12/31/2014421,10514,874N/A45,044N/A
9/30/2014437,97416,060N/A41,464N/A
6/30/2014446,63616,274N/A39,062N/A
3/31/2014448,08312,704N/A42,865N/A
12/31/2013451,23516,371N/A40,440N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SHEL's forecast earnings growth (4.9% per year) is above the savings rate (2.1%).

Earnings vs Market: SHEL's earnings (4.9% per year) are forecast to grow slower than the UK market (14.8% per year).

High Growth Earnings: SHEL's earnings are forecast to grow, but not significantly.

Revenue vs Market: SHEL's revenue is expected to decline over the next 3 years (-2.9% per year).

High Growth Revenue: SHEL's revenue is forecast to decline over the next 3 years (-2.9% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: SHEL's Return on Equity is forecast to be low in 3 years time (10.3%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/18 04:05
End of Day Share Price 2024/12/18 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Shell plc is covered by 78 analysts. 21 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Thijs BerkelderABN AMRO Bank N.V.
Alejandro AcostaAlezor Research
Alexandre AndlauerAlphaValue