Drax Group (DRX)

Sector:

Electricity Generation and Distribution

Index:

FTSE 250

553.00p
   
  • Change Today:
      3.00p
  • 52 Week High: 635.00
  • 52 Week Low: 401.50
  • Currency: UK Pounds
  • Shares Issued: 386.70m
  • Volume: 821,543
  • Market Cap: £2,138.46m
  • RiskGrade: 140

Income Statement - Unadjusted

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
Revenue 8,125.30 7,775.30 5,088.00 4,244.70 4,467.60
           
EBITDA 1,125.40 395.80 391.70 (158.90) (15.60)
Depreciation & Amortisation (225.00) (239.00) (199.40) n/a n/a
           
Operating Profit/(Loss) 900.40 156.80 192.30 (158.90) (15.60)
Interest Payable (115.50) (83.50) (71.20) (76.30) n/a
Interest Receivable/Investment Income 13.10 4.30 0.40 0.50 n/a
           
Group Profit after Interest 798.00 77.60 121.50 (234.70) (15.60)
Share of Assoc Cos/JV Profits (1.60) 0.50 n/a n/a n/a
           
Profit Before Tax 796.40 78.10 121.50 (234.70) (15.60)
Tax (235.50) 4.40 (66.40) 40.10 5.90
           
Profit After Tax 560.90 82.50 55.10 (194.60) (9.70)
           
Discontinued Operations          
Profit After Tax n/a n/a 24.10 36.70 10.20
           
PROFIT FOR THE PERIOD 560.90 82.50 79.20 (157.90) 0.50
           
Attributable to:          
Equity Shareholders' Earnings 562.20 85.10 79.70 (157.90) 0.50
Minority interests (1.30) (2.60) (0.50) n/a n/a
           
Equity Dividends cn/a cn/a cn/a cn/a cn/a
Retained Profit/(Loss) for the Financial Year cn/a cn/a cn/a cn/a cn/a


Per Share Record - Unadjusted 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing EPS          
Earnings per Share - Basic 142.80p 21.30p 13.90p (49.00p) (2.50p)
Earnings per Share - Diluted 139.50p 20.50p 13.50p (49.00p) (0.25p)
Continuing and Discontinued EPS          
Earnings per Share - Basic 142.80p 21.30p 20.00p (39.80p) 0.100p
Earnings per Share - Diluted 139.50p 20.50p 19.30p (39.80p) 0.100p
           
Dividend per Share 23.10p 21.00p 18.80p 17.10p 15.90p


Key Financals 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Shares in Issue (millions)          
Shares in Issue - Year End 424.92 414.87 413.07 410.85 410.48
Weighted Average 393.80 400.40 398.40 396.80 395.50
Diluted 403.10 414.40 412.60 405.00 397.40
           
Performance Ratios          
Continuing Operations          
Operating Margin 11.08% 2.02% 3.78% (3.74%) (0.35%)
Tax Rate 29.51% (5.67%) 54.65% 17.09% 37.82%
Return on Capital Employed 26.16% 6.16% 0.08% n/a 1.71%
Continuing Operations & Discontinued Operations          
Return on Equity (ROE) 23.82% 5.63% 0.05% (9.55%) 0.02%
           
Financial Status          
Continuing Operations          
Interest Cover 7.90 1.94 2.71 (2.08) n/a
Revenue per Share 2,063.31p 1,941.88p 12.89p 1,069.73p 1,129.61p
Pre-Tax Profit per Share 202.24p 19.50p 0.31p (59.15p) (3.94p)
           
Market Data          
Continuing Operations          
Earnings per Share Growth - Basic 570% 53% n/a n/a n/a
Earnings per Share Growth - Adjusted 40% 282% -8% -2% 139%
Earnings per Share Growth - Diluted 580% 52% n/a n/a n/a
PE Ratio - Adjusted 4.1 8.3 27.1 15.4 12.6
PEG - Adjusted 0.1 0.0 n/a n/a 0.1
Dividend Cover 5.18 4.05 1.19 1.42 1.57
Continuing Operations & Discontinued Operations          
Earnings per Share Growth - Basic 570% 10,451% n/a n/a -98%
Earnings per Share Growth - Adjusted 40% 31,714% -99% -1% 188%
Earnings per Share Growth - Diluted 580% 10,423% n/a n/a -98%
PE Ratio - Adjusted 4.1 8.3 2,261.8 12.7 10.5
PEG - Adjusted 0.1 0.0 n/a n/a 0.1
Dividend Cover 5.18 4.05 0.01 1.73 1.88
           
Market Capitalisation £ (Millions) 2,080.85 2,916.55 2,499.06 1,540.68 1,288.89
Dividend per Share 23.10p 21.00p 18.80p 17.10p 15.90p
Dividend Yield 4.7% 3.0% 3.1% 4.6% 5.1%
Dividend per Share Growth 10.00% 11.70% 9.94% 7.55% 12.77%

Key

* GAAP

a. Includes discontinued activities

b. Includes preference dividends

c. Not disclosed under IFRS

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Forecast figures based on normalised accounts.

 

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