WallStSmart

NGL Energy Partners LP (NGL)vsShell PLC ADR (SHEL)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Shell PLC ADR generates 8317% more annual revenue ($296.60B vs $3.52B). SHEL leads profitability with a 8.8% profit margin vs -3.8%. SHEL appears more attractively valued with a PEG of 1.60. SHEL earns a higher WallStSmart Score of 73/100 (B).

NGL

Buy

52

out of 100

Grade: C-

Growth: 7.3Profit: 6.0Value: 4.3Quality: 4.3
Piotroski: 4/9

SHEL

Strong Buy

73

out of 100

Grade: B

Growth: 7.3Profit: 6.5Value: 5.3Quality: 6.0
Piotroski: 3/9Altman Z: 2.37
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

NGLUndervalued (+10.0%)

Margin of Safety

+10.0%

Fair Value

$12.73

Current Price

$16.15

$3.42 discount

UndervaluedFair: $12.73Overvalued
SHELSignificantly Overvalued (-61.1%)

Margin of Safety

-61.1%

Fair Value

$58.69

Current Price

$93.92

$35.23 premium

UndervaluedFair: $58.69Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

NGL3 strengths · Avg: 9.7/10
Revenue GrowthGrowth
59.1%10/10

Revenue surging 59.1% year-over-year

EPS GrowthGrowth
1129.0%10/10

Earnings expanding 1129.0% YoY

Return on EquityProfitability
25.5%9/10

Every $100 of equity generates 26 in profit

SHEL6 strengths · Avg: 10.0/10
Market CapQuality
$269.99B10/10

Mega-cap, among the largest globally

P/E RatioValuation
10.5x10/10

Attractively priced relative to earnings

Price/BookValuation
1.4x10/10

Reasonable price relative to book value

Revenue GrowthGrowth
44.7%10/10

Revenue surging 44.7% year-over-year

EPS GrowthGrowth
220.0%10/10

Earnings expanding 220.0% YoY

Free Cash FlowQuality
$17.40B10/10

Generating 17.4B in free cash flow

Areas to Watch

NGL4 concerns · Avg: 1.5/10
PEG RatioValuation
8.062/10

Expensive relative to growth rate

Free Cash FlowQuality
$-31.72M2/10

Negative free cash flow — burning cash

Profit MarginProfitability
-3.8%1/10

Currently unprofitable

Debt/EquityHealth
103.751/10

Elevated debt levels

SHEL2 concerns · Avg: 3.5/10
PEG RatioValuation
1.604/10

Expensive relative to growth rate

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

Comparative Analysis Report

WallStSmart Research

Bull Case : NGL

The strongest argument for NGL centers on Revenue Growth, EPS Growth, Return on Equity. Revenue growth of 59.1% demonstrates continued momentum.

Bull Case : SHEL

The strongest argument for SHEL centers on Market Cap, P/E Ratio, Price/Book. Revenue growth of 44.7% demonstrates continued momentum.

Bear Case : NGL

The primary concerns for NGL are PEG Ratio, Free Cash Flow, Profit Margin. Debt-to-equity of 103.75 is elevated, increasing financial risk.

Bear Case : SHEL

The primary concerns for SHEL are PEG Ratio, Piotroski F-Score.

Key Dynamics to Monitor

NGL carries more volatility with a beta of 0.66 — expect wider price swings.

NGL is growing revenue faster at 59.1% — sustainability is the question.

SHEL generates stronger free cash flow (17.4B), providing more financial flexibility.

Monitor OIL & GAS MIDSTREAM industry trends, competitive dynamics, and regulatory changes.

Bottom Line

SHEL scores higher overall (73/100 vs 52/100) and 44.7% revenue growth. Both earn "Strong Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

NGL Energy Partners LP

ENERGY · OIL & GAS MIDSTREAM · USA

NGL Energy Partners LP is engaged in the crude oil and liquids logistics and water solutions businesses. The company is headquartered in Tulsa, Oklahoma.

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Shell PLC ADR

ENERGY · OIL & GAS INTEGRATED · USA

Shell plc is a global petrochemical and energy company. The company is headquartered in The Hague, the Netherlands.

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