Drax Group (DRX)

Sector:

Electricity Generation and Distribution

Index:

FTSE 250

653.50p
   
  • Change Today:
      6.50p
  • 52 Week High: 676.00
  • 52 Week Low: 417.20
  • Currency: UK Pounds
  • Shares Issued: 374.33m
  • Volume: 1,961,214
  • Market Cap: £2,446.25m
  • RiskGrade: 140
  • Beta: 1.23

Dividend Data

  31-Dec-2331-Dec-2231-Dec-2131-Dec-2031-Dec-19
Interim Dividend9.20p8.40p7.50p6.80p6.40p
Final Dividend13.90p12.60p11.30p10.30p9.50p
Total Dividend23.10p21.00p7.50p17.10p15.90p
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 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
Operating Profit/(Loss) 909.80 145.80 196.50 (156.10) 48.40
Net Interest (102.40) (79.20) (70.80) (75.80) (64.40)
Profit Before Tax 796.40 78.10 121.50 (234.70) (15.60)
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 Holders of Parent Company 562.20 85.10 79.70 (157.90) 0.50
Minority Interests (1.30) (2.60) (0.50) n/a n/a
           
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)
Earnings per Share - Adjusted 119.60p 85.10p 22.30p 24.30p 24.90p
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
Earnings per Share - Adjusted 119.60p 85.10p 26.50p 29.60p 29.90p
           
Dividend per Share 23.10p 21.00p 18.80p 17.10p 15.90p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Assets          
Non-Current Assets          
Property, Plant & Equipment 2,821.00 2,526.30 2,430.50 1,970.10 2,358.80
Intangible Assets 498.20 566.50 604.90 430.00 455.10
Investment Properties n/a n/a n/a n/a n/a
Investments 8.90 6.90 5.50 1.50 3.00
Other Financial Assets 293.60 361.00 357.50 n/a n/a
Other Non-Current Assets 71.30 75.80 77.60 178.60 204.60
  3,693.00 3,536.50 3,476.00 2,580.20 3,021.50
Current Assets          
Inventories 328.40 348.10 199.10 208.20 292.00
Trade & Other Receivables 976.90 1,227.00 641.90 525.30 608.80
Cash at Bank & in Hand 379.50 238.00 317.40 289.80 404.10
Current Asset Investments n/a n/a n/a n/a n/a
Other Current Assets 660.60 584.70 1,190.00 589.40 356.40
  2,345.40 2,397.80 2,348.40 1,612.70 1,661.30
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 6,038.40 5,934.30 5,824.40 4,192.90 4,682.80
           
Liabilities          
Current Liabilities          
Borrowings 289.30 67.00 55.70 7.00 6.30
Other Current Liabilities 1,798.40 2,141.20 2,177.20 1,301.00 1,293.50
  2,087.70 2,208.20 2,232.90 1,308.00 1,299.80
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 1,271.80 1,527.00 1,431.20 1,088.90 1,271.40
Provisions 389.30 200.20 311.70 313.20 323.10
Other Non-Current Liabilities 306.60 674.70 541.80 143.40 72.90
  1,967.70 2,401.90 2,284.70 1,545.50 1,667.40
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 4,055.40 4,610.10 4,517.60 2,853.50 2,967.20
           
Net Assets 1,983.00 1,324.20 1,306.80 1,339.40 1,715.60
           
Capital & Reserves          
Share Capital 49.10 47.90 47.70 47.50 47.40
Share Premium Account 441.20 433.30 432.20 430.00 429.60
Other Reserves 814.30 635.80 607.10 708.50 868.90
Retained Earnings 666.40 193.80 198.30 153.40 369.70
Shareholders Funds 1,971.00 1,310.80 1,285.30 1,339.40 1,715.60
           
Minority Interests/Other Equity 12.00 13.40 21.50 n/a n/a
Total Equity 1,983.00 1,324.20 1,306.80 1,339.40 1,715.60
Cash Flow 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Cash Flow From Operating Activities 835.60 207.70 306.50 306.20 413.40
Returns On Investment & Servicing of Finance fn/a fn/a fn/a fn/a fn/a
Taxation Paid fn/a fn/a fn/a fn/a fn/a
Net Cash Flow from Investing Activities (451.80) (180.70) (228.80) (171.30) (863.10)
Acquisitions & Disposals gn/a gn/a gn/a gn/a gn/a
Dividends Paid fn/a fn/a fn/a fn/a fn/a
Management of Liquid Resources cn/a cn/a cn/a cn/a cn/a
Net Cash Flow from Financing Activities (237.90) (111.90) (50.40) (249.10) 571.60
Net Increase/Decrease In Cash 145.90 (84.90) 27.30 (114.20) 121.90
Ratios - based on IFRS 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
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
Earnings per Share Growth - Adjusted 40% 282% -8% -2% 139%
Dividend Cover 5.18 4.05 1.19 1.42 1.57
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)
Operating Margin 11.20% 1.88% 3.86% (3.68%) 1.08%
Return on Capital Employed 26.16% 6.16% 0.08% n/a 1.71%
Continuing & Discontinued Operations          
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
Earnings per Share Growth - Adjusted 40% 31,714% -99% -1% 188%
Dividend Cover 5.18 4.05 0.01 1.73 1.88
           
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%
Operating Cash Flow per Share 212.19p 51.87p 76.93p 77.17p 104.53p
Cash Incr/Decr per Share 37.05p (21.20p) 0.069p (28.78p) 30.82p
Net Asset Value per Share (exc. Intangibles) 377.04p 189.24p 176.18p 229.18p 318.71p
Net Gearing 59.95% 103.45% 90.99% 60.18% 50.92%

Key

* GAAP

a. Includes discontinued activities

b. Including assets due in more than one year

c. Not disclosed under IFRS

d. Total fixed assets

e. Includes borrowings

f. Included in cash flow from operating activities under IFRS

g. Included in net cash from investing activities under IFRS

h. Pre-tax

i. Capital expenditure

j. Based on operating cash flow before tax

k. Issue of ordinary shares

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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