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Pilipinas Shell Petroleum Corp (SHLPH) Fair Value & Analysis

Energy · PH · Market cap 28.7B PHP

PS Pilipinas Shell Petroleum Corp SHLPH · PSE
Price8.44 PHP
Fair Value11.28 PHP
Upside+33.7%
Quality55/100
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Mixed Growth
Thin margins · 0.0% net margin
Low debt
Trails peers (2/8)
Narrow moat 30/100
Evidence: High Range 8.47 PHP – 14.12 PHP Share as image

Fair value as of: Aug 13, 2026

From 23 valuation models · updated 6 days ago

Fair value updated Aug 13, 2026, revised from 6.25 PHP to 11.28 PHP (+80.6%) since Jul 10, 2026.

A solid business, screening 34% undervalued on our models.

What matters now

  • Solid quality (55/100) at a price below fair value, the discount is the argument here, not the business quality.
  • Our model range runs from 8.47 PHP (bear) to 14.12 PHP (bull), base 11.28 PHP. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 55/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

22.45 PHP 4.57 PHP Fair Value 11.28 PHP Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 4.57 PHP – 22.45 PHP · fair‑value band 8.47 PHP – 14.12 PHP · the 8.44 PHP price screens below the 11.28 PHP fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Pilipinas Shell Petroleum Corp (SHLPH) currently trades at 8.44 PHP, while our model-based Fair Value estimate is 11.28 PHP, implying the stock looks roughly 33.7% undervalued today. The Quality Score stands at 55/100 (solid quality), in the Energy sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

The stock trades on a trailing P/E of 21.2 (as of Jul 10, 2026). Fundamentals as of Aug 13, 2026

Our scenario range runs from 8.47 PHP (bear case) to 14.12 PHP (bull case); at 8.44 PHP, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 33% below its 52-week high and 83% above its 52-week low. For context, the median of 10 Energy peers we cover trades at 15% fair-value upside, at 34%, SHLPH screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF 12.35 PHP 18.31 PHP 26.33 PHP 80
Residual Income 6.95 PHP 6.80 PHP 6.00 PHP 76
Rev-Margin DCF 11.65 PHP 19.42 PHP 27.55 PHP 74
All 23 models by family
DCF Models
FCF DCF 11.84 PHP 18.15 PHP 26.95 PHP 38
Owner Earnings 8.99 PHP 14.12 PHP 21.29 PHP 31
5Y Revenue Exit 11.65 PHP 19.22 PHP 28.45 PHP 39
5Y EBITDA Exit 10.35 PHP 16.96 PHP 24.18 PHP 41
5Y P/E Exit 4.24 PHP 6.26 PHP 8.16 PHP 38
10Y Revenue Exit 11.13 PHP 17.86 PHP 25.95 PHP 36
10Y EBITDA Exit 10.78 PHP 16.34 PHP 22.89 PHP 37
10Y P/E Exit 6.98 PHP 9.16 PHP 11.38 PHP 35
Earnings-Based
Graham-Dodd 2.49 PHP 5.25 PHP 6.65 PHP 54
PEG = 1.0 0.7900 PHP 1.13 PHP 1.47 PHP 46
EPV 9.82 PHP 12.04 PHP 13.99 PHP 59
Multiples
P/E Multiple 3.84 PHP 5.12 PHP 6.41 PHP 63
P/S Multiple 4.67 PHP 6.22 PHP 7.78 PHP 58
P/B Multiple 4.67 PHP 6.22 PHP 7.78 PHP 55
EV/EBIT 9.78 PHP 14.21 PHP 18.64 PHP 53
EV/EBITDA 11.42 PHP 16.40 PHP 21.38 PHP 54
EV/Revenue 12.61 PHP 19.53 PHP 26.45 PHP 43
Asset-Based
NCAV (Graham) 4.71 PHP 6.31 PHP 9.42 PHP 50
Growth DCF
Growth DCF 12.35 PHP 18.31 PHP 26.33 PHP 80
Rev-Margin DCF 11.65 PHP 19.42 PHP 27.55 PHP 74
Economic Profit
Residual Income 6.95 PHP 6.80 PHP 6.00 PHP 76
ROIC Compounder 9.87 PHP 12.71 PHP 15.88 PHP 72
Growth Earnings
Growth-Adj P/E 2.90 PHP 4.15 PHP 5.39 PHP 68

Widest divergence: Growth DCF (18.31 PHP) versus Growth Earnings (4.15 PHP). Highest evidence: Growth DCF (80).

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Key figures & financial health

Return on equity -3,258%
P/E ratio 21.2 as of Jul 10, 2026
EPS (TTM) -5.90 PHP

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 55/100

Of which business quality 56 · Market factors (momentum, volatility) 53

Profitability 40
Margins and returns on capital today
Quality Growth 29
Are margins and returns improving?
Cashflow 59
Earnings quality: real cash, not paper profit
Fin. Strength 58
Balance sheet, leverage, solvency risk
Investment 76
Disciplined investing over empire-building
Low Volatility 19
Calm price path (market factor)
Momentum 63
Price trend over the last 3–12 months (market factor)
52W Momentum 74
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

Pilipinas Shell Petroleum Corp reported revenue of 244B PHP in FY2024 versus 157B PHP in FY2020, a compound +11.6%/yr. Reported net income was 1.3B PHP in FY2024.

Growth Quality 43/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2024)
244B PHP
Latest YoY
−3.8%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+11.2%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+2.2%
Avg. growth/yr (8Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+7.5%
Revenue +11.6%/yr
FY20 157B PHP
FY21 177B PHP
FY22 291B PHP
FY23 253B PHP
FY24 244B PHP
Net income
FY20 −16.2B PHP
FY21 3.9B PHP
FY22 4.1B PHP
FY23 1.2B PHP
FY24 1.3B PHP

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Cite: Fair Value Calculator (2026). "Pilipinas Shell Petroleum Corp Fair Value". https://www.fairvalue-calculator.com/stock/SHLPH

Peer Group

Energy · 1240 stocks

How this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Oil & Gas” was too small, so the broader sector is used.)

Quality Score 55 · Above median
Fair Value upside +34% · Top 25%
Return on assets 0% · Below median
Net margin (TTM) 0% · Below median
Operating margin (TTM) 0% · Below median
Revenue growth 0% · Below median
Debt / equity 0.47× · Higher than median

Valuation Multiples vs Energy median · lower = cheaper

P/E (TTM) 21.2× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE79 · sector 0
FUTURE0 · sector 4
PAST0 · sector 18
HEALTH77 · sector 91
DIVIDEND0 · sector 53

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Oil & gas

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Oil & Gas stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Indian Oil Corporation 530965 ₹138.50 ₹335.43 +142%
500104 500104 ₹390.35 ₹1,184 +203%
538567 538567 ₹1,159 ₹1,947 +68%
PXP PXP 2.48 PHP 0.3200 PHP -87%
JTF International Holdings 8479 HK$0.6100 HK$0.6700 +10%
ANDHRAPET ANDHRAPET ₹43.98 ₹15.06 -66%
PERC PERC 4.19 PHP 12.10 PHP +189%
OV OV 0.0080 PHP 0.0082 PHP +2%
Ratio Oil Explorations (1992) " Limited RATIL 4.38 ILA 3.98 ILA -9%
Shell plc SHELL 854.00 CZK 980.26 CZK +15%

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Frequently asked questions

Is Pilipinas Shell Petroleum Corp (SHLPH) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 11.28 PHP versus a price of 8.44 PHP, about +34% (undervalued).
What is the fair value of SHLPH?
Our model-based fair value for Pilipinas Shell Petroleum Corp is 11.28 PHP (as of Aug 13, 2026), built from audited fundamentals. The current price: 8.44 PHP.
What is the quality score of SHLPH?
Pilipinas Shell Petroleum Corp has a Quality Score of 55/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the net profit margin of SHLPH?
The net profit margin of Pilipinas Shell Petroleum Corp is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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