Drax Group (DRX)

Sector:

Electricity Generation and Distribution

Index:

FTSE 250

436.80p
   
  • Change Today:
    -1.30p
  • 52 Week High: 708.50
  • 52 Week Low: 401.50
  • Currency: UK Pounds
  • Shares Issued: 384.57m
  • Volume: 1,268,857
  • Market Cap: £1,679.82m
  • RiskGrade: 140
  • Beta: 0.99

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 4.8% 0.0%
Div Cover 4.1 4.7
Op Mrgn 1.9% 9.8%
ROCE 6.3%  
Latest F'cast
P/E 5.1 4.0
PEG 0.0 0.1
Pr/Revenue 0.2 0.2
Pr/Book 1.3  
Latest F'cast
Revenue 52.8% 10.0%
PBT -35.7% 969.3%
EPS 281.6% 29.0%
DPS 11.7% 10.1%

Drax Group Fundamentals

Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
31-Dec-18 4,229.00 13.80 10.40p 34.5 0.0 +1,386% 14.10p 3.9%
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%

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-23 8,554.14 835.15 109.77p 4.0 0.1 +29% 23.11p 0.0%
31-Dec-24 8,434.56 877.58 124.37p 3.5 0.3 +13% 25.45p 0.0%
31-Dec-25 7,997.99 773.09 124.21p 3.5 n/a -0% 27.28p 0.0%

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Drax Group Company Announcements

Holding(s) in Company 30-Nov-2023 11:03 RNS
Holding(s) in Company 29-Nov-2023 15:28 RNS
Holding(s) in Company 27-Nov-2023 16:32 RNS

Drax Group ShareCast News

London close: Stocks slip ahead of FOMC minutes,... 21-Nov-2023 ShareCast
Broker tips: Drax, Croda, Babcock 28-Sep-2023 ShareCast
JPMorgan cuts Drax price target 28-Sep-2023 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

No deals were found in the last 28 days.

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 436.80p
Change Today -1.30p
% Change -0.30 %
52 Week High 708.50
52 Week Low 401.50
Volume 1,268,857
Shares Issued 384.57m
Market Cap £1,679.82m
Beta 0.99
RiskGrade 140

Drax Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
89.11% above the market average89.11% above the market average89.11% above the market average89.11% above the market average89.11% 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
43.78% below the market average43.78% below the market average43.78% below the market average43.78% below the market average43.78% 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
83.98% above the market average83.98% above the market average83.98% above the market average83.98% above the market average83.98% 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
33.10% above the market average33.10% above the market average33.10% above the market average33.10% above the market average33.10% above the market average
66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average

What The Brokers Say

Strong Buy 3
Buy 2
Neutral 3
Sell 0
Strong Sell 0
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
  Interim Final
Ex-Div 24-Aug-23 20-Apr-23
Paid 06-Oct-23 19-May-23
Amount 9.20p 12.60p

Trades for 30-Nov-2023

Time Volume / Share Price
16:45 14,800 @ 436.30p
16:45 1,487 @ 436.30p
16:35 7,500 @ 436.80p
16:35 1,051,445 @ 436.80p
16:35 17,630 @ 436.80p

Drax Group Key Personnel

Chair Philip Cox
CEO Will Gardiner
CFO Andy Skelton

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