Drax Group (DRX)

Sector:

Electricity Generation and Distribution

Index:

FTSE 250

490.20p
   
  • Change Today:
      6.20p
  • 52 Week High: 635.00p
  • 52 Week Low: 401.50p
  • Currency: UK Pounds
  • Shares Issued: 386.65m
  • Volume: 703,031
  • Market Cap: £1,895.36m
  • RiskGrade: 140

Drax Group Overview

Drax Group is a renewable energy company engaged in renewable power generation, the production of sustainable biomass and the sale of renewable electricity to businesses. Drax operates a generation portfolio of sustainable biomass, hydro-electric and pumped hydro storage assets across four sites in England and Scotland. It is the UK’s largest source of renewable electricity. The company also operates a global bioenergy supply business with manufacturing facilities at 13 sites in the United States and Canada, producing compressed wood pellets for its own use and for customers in Europe and Asia.

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Financials

Latest F'cast
Div Yield 4.7% 0.0%
Div Cover 5.2 4.3
Op Mrgn 11.2% 9.7%
ROCE 26.2%  
Latest F'cast
P/E 4.1 4.6
PEG 0.1 n/a
Pr/Revenue 0.2 0.3
Pr/Book 1.0  
Latest F'cast
Revenue 4.5% -7.0%
PBT 919.7% -8.3%
EPS 40.5% -8.8%
DPS 10.0% 9.6%

Drax Group Fundamentals

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
31-Dec-19 4,467.60 (15.60) 24.90p 12.6 0.1 +139% 15.90p 5.1%
31-Dec-20 4,244.70 (234.70) 24.30p 15.4 n/a -2% 17.10p 4.6%
31-Dec-21 5,088.00 121.50 22.30p 27.1 n/a -8% 18.80p 3.1%
31-Dec-22 7,775.30 78.10 85.10p 8.3 0.0 +282% 21.00p 3.0%
31-Dec-23 8,125.30 796.40 119.60p 4.1 0.1 +40% 23.10p 4.7%

a. Based on UK GAAP presentation of accounts - includes discontinued activities

Drax Group Forecasts

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
31-Dec-24 7,553.84 730.49 109.13p 4.5 n/a -9% 25.31p 0.0%
31-Dec-25 7,251.98 636.53 98.68p 5.0 n/a -10% 27.34p 0.0%
31-Dec-26 6,755.29 410.36 76.25p 6.4 n/a -23% 29.40p 0.0%

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Drax Group Company Announcements

Notice of Redemption 19-Apr-2024 10:32 RNS
Pricing of offering of Senior Secured Notes 18-Apr-2024 17:01 RNS
Director/PDMR Shareholding 17-Apr-2024 09:00 RNS

Drax Group ShareCast News

London close: Stocks manage gains ahead of US pa... 04-Apr-2024 ShareCast
FTSE 250 movers: Media stocks Future and Ascenti... 04-Apr-2024 ShareCast
Drax Group signs new £150m loan 04-Apr-2024 ShareCast

Drax Group Top Newspaper Links

Berry steps down as Drax chairman 19-Dec-2014 The Herald
Drax shares drop after Government wins subsidy a... 08-Aug-2014 Telegraph
Drax Group shares lose power 08-Aug-2014 Express & Star

Latest Drax Group Director Deals

Traded Action Notifier PriceAmountValue
03-Apr-24 Sell Andy Skelton 489.10p 15,869 £77,615.47
03-Apr-24 Transfer From Andy Skelton 0.000p 79,256 £0.00
03-Apr-24 Sell Will Gardiner 489.10p 28,412 £138,963.44

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: In the case of dual listed securities, broker recommendations and forecasts relate to the primary listing.

Note 6: Forecast figures based on normalised accounts.

 

Drax Group Market Data

Currency UK Pounds
Share Price 490.20p
Change Today 6.20p
% Change 1.28 %
52 Week High 635.00p
52 Week Low 401.50p
Volume 703,031
Shares Issued 386.65m
Market Cap £1,895.36m
RiskGrade 140

Drax Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
85.48% above the market average85.48% above the market average85.48% above the market average85.48% above the market average85.48% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
19.66% below the market average19.66% below the market average19.66% below the market average19.66% below the market average19.66% below the market average
42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average
Income
90.48% above the market average90.48% above the market average90.48% above the market average90.48% above the market average90.48% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
89.22% above the market average89.22% above the market average89.22% above the market average89.22% above the market average89.22% above the market average
66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average

What The Brokers Say

Strong Buy 2
Buy 3
Neutral 2
Sell 0
Strong Sell 1
Total 8
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Drax Group Dividends

  Latest Previous
  Final Interim
Ex-Div 18-Apr-24 24-Aug-23
Paid 17-May-24 06-Oct-23
Amount 13.90p 9.20p

Trades for 19-Apr-2024

Time Volume / Share Price
16:35 436,004 @ 490.20p
16:35 2,875 @ 490.20p
16:35 621 @ 490.20p
16:35 1,200 @ 490.20p
16:35 2,481 @ 490.20p

Drax Group Key Personnel

CEO Will Gardiner
CFO Andy Skelton
Chair Andrea Bertone

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