issue is, Bead do a similar job even at lvl 1 for the same price or cheaper, scale well later and can be upgraded into stronger items. While shield does give 80 hp, that quickly becomes obsolute, it's 1 or 2 spells/autos after the first back. if you're fighting in a minion wave, you should have gone cloth/longsword/tome for your starting item, not a shield.
more on the hp, we'll say shen first backs at lvl 6.
his base hp/regen per 5 is 826/13
shield would take it to 906/19
3 beads would take it to 826/32.5
a lvl 6 shen would regen the 80 hp in under 35 seconds and from then on have more effective hp than the shield. And a shen has his W to dodge autos as well further pushing it in favor of triple beads.
a lvl 1 has 540/10 base.
shield would be 620/16
3 beads would be 540/25
I don't mind doing this for any champion you want to, not being a dick or anything, imo beads will never be less useful than shield but you are free to disagree as much as you want. But doing this will help others to decide which they think is better. Just don't bring up Gnar, he's very unique in how beads/shield work for him in terms of comparison since that depends on which form you perfer.