DRAX GROUP PLC ORD GBP0.1155172
Symbol: DRX
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Invest in this share within an ISA, JISA, SIPP or Investment Account
Overview
Core Data
Latest Dividend Information
| Ex-Dividend Date | 18 Apr 2024 |
| Pay Date | 17 May 2024 |
| Total Dividends - Year to Date | 23.1 |
| Dividend Yield (%) | 4.7727 |
Historical Data & Ratios
| Avg Volume Over 10 Days | 1.4847 |
| Market Cap (M) | 1871.3890 |
| Price/Earnings (PE) | 3.3815 |
| Earnings Per Share | 143.13 |
| Revenue Per Share | 19.4552 |
| Return on Equity % | 34.2617 |
1 Month Performance Chart
Broker View
Data shown is based on the past 75 days of broker views.
|
ActionBrokers |
Strong Buy2 |
Buy3 |
Neutral2 |
Sell0 |
Strong Sell1 |
|---|---|---|---|---|---|
| Brokers | 2 | 3 | 2 | 0 | 1 |
| Consensus |
ConsensusBuy |
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Not advice based on your circumstances. Does not constitute a recommendation to buy or sell this or any other security. Selected data supplied by Digital Look® Read more.
Cost and Charges Information
This calculator provides you with costs and charges information regarding our charges and, where relevant, the costs within this investment product
Account Type
Annual charges
These are the annual costs based on an initial investment amount of over 1 year assuming a net zero growth rate
| Cost Category | % of Investment | lump sum costs |
|---|---|---|
Our annual fee
Our annual feeIncludes our platform fee at 0.35% per annum for Funds (up to £250,000) and Stocks & Shares (min £24 max £240), plus SIPP administration fee (if applicable, only charged if <£30,000 held) - see here |
0.35% | |
Dealing charges
Dealing chargesAny one-off commission charges associated with investing. Note that government taxes and levies are not included |
N/A | |
Product provider costs
Product provider costsProduct provider costs shown are inclusive of the fund ongoing charges figure (OCF), transaction costs and incidental costs |
N/A | N/A |
Total (£)
Total (£)Costs per annum displayed in monetary value |
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Total (%)
Total (%)Costs per annum displayed as a percentage of investment value |
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Cumulative effect of charges on your investment's return
This illustration assumes that costs occur evenly throughout the year, charges are paid out of the investment evenly throughout the year, and that an annual growth rate of applies evenly throughout the year, before any charges including product charges
| lump sum invested with an assumed growth rate of | 1 year | years |
|---|---|---|
What you might get back at with no charges applied
What you might get back at with no charges appliedThese are the illustrative values of a investment after growth and no costs applied at the end of the defined period |
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Annual charges
Annual chargesThese are the annual costs based on an initial investment amount of assuming a net zero growth rate |
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Effect of charges on return (%)
Effect of charges on return (%)These are the overall costs in percentage terms, based on an initial investment amount of assuming a growth rate |
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Effect of charges on return (£)
Effect of charges on return (£)These are the overall costs in monetary value, based on an initial investment amount of assuming a growth rate |
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What you might get back at with charges applied
What you might get back at with charges appliedThese are the illustrative values of a investment after growth and costs at the end of the defined period |
This illustration is not a forecast of future investment performance but merely a means to demonstrate the potential impact of costs and charges for an assumed return of . Whilst we make reasonable endeavours to ensure the accuracy of third party charges information, this is intended for illustrative purposes only and should not be relied upon. We do not warrant or represent that this information is accurate, complete or up to date, therefore we accept no responsibility or liability for its use
Charts
Company
Business Summary
Drax Group PLC is a United Kingdom-based renewable energy company. The Company is engaged in renewable power generation, the production of sustainable biomass and the sale of renewable electricity to businesses. Its segments include Pellet Production, Generation, and Customers. The Pellet Production segment is engaged in the production and subsequent sale of biomass pellets at the Group’s processing facilities in North America. The Generation segment includes its power generation activities in the United Kingdom. The Customers segment is engaged in the supply of electricity and gas to non-domestic customers in the United Kingdom. It also operates a generation portfolio of sustainable biomass, hydro-electric and pumped hydro storage assets across four sites in England and Scotland. It also operates a bioenergy supply business with manufacturing facilities at 13 sites in the United States and Canada. It also offers installation and maintenance of electric vehicle (EV) charge points.
Financial Summary
BRIEF: For the fiscal year ended 31 December 2023, Drax Group Plc revenues decreased 4% to £7.84B. Net income increased from £85.1M to £562.2M. Revenues reflect Generation segment decrease of 32% to £2.49B, North America segment decrease of 20% to £8.5M. Net income reflects Revenue - Exceptional items decrease from £383.9M (expense) to £282.9M (income), Impairment losses on financial assets decrease of 32% to £32.5M (expense).
Financials
Income Statement - All values are in GBP (M).
|
Year Ending |
31/12/2023 |
31/12/2022 |
31/12/2021 |
31/12/2020 |
31/12/2019 |
31/12/2018 |
|---|---|---|---|---|---|---|
| Total Revenue | 7,842.40 | 8,159.20 | 5,173.90 | 4,235.00 | 4,457.10 | 4,229.00 |
| Gross profit | 1,753.40 | 1,321.50 | 842.80 | 800.20 | 798.40 | 592.70 |
| Operating Profit/Loss | 908.20 | 146.30 | 196.50 | -164.70 | 43.20 | 52.70 |
| Profit Before Tax | 796.40 | 78.10 | 121.50 | -234.70 | -15.60 | 13.80 |
| Profit After Tax | 560.90 | 82.50 | 55.10 | -194.60 | -9.70 | 20.20 |
| Equity Holders of Parent Company | 562.20 | 85.10 | 79.70 | -157.90 | 0.50 | 20.20 |
| Minority Interest | 13.30 | 16.00 | 22.00 | NIL | NIL | NIL |
Balance Sheet - All values are in GBP (M).
|
Year Ending |
31/12/2023 |
31/12/2022 |
31/12/2021 |
31/12/2020 |
31/12/2019 |
31/12/2018 |
|---|---|---|---|---|---|---|
| Total Non-Current Assets | 3,693.00 | 3,597.20 | 3,476.00 | 2,580.20 | 3,021.50 | 3,117.90 |
| Total Current Assets | 2,345.40 | 2,797.20 | 2,348.40 | 1,612.70 | 1,661.30 | 1,412.40 |
| Total Assets | 6,038.40 | 6,394.40 | 5,824.40 | 4,192.90 | 4,682.80 | 4,530.30 |
| Total Liabilities | 4,055.40 | 5,070.20 | 4,517.60 | 2,853.50 | 2,967.20 | NIL |
| Total Net Assets | 1,983.00 | 1,324.20 | 1,306.80 | 1,339.40 | 1,715.60 | NIL |
| Shareholders Funds | 1,971.00 | 1,310.80 | 1,285.30 | 1,339.40 | 1,715.60 | 1,771.00 |
| Minority Interests | 13.30 | 16.00 | 22.00 | NIL | NIL | NIL |
| Total Equity | 1,983.00 | 1,324.20 | 1,306.80 | 1,339.40 | 1,715.60 | NIL |
Outlook
Broker View
Data shown is based on the past 75 days of broker views.
|
ActionBrokers |
Strong Buy2 |
Buy3 |
Neutral2 |
Sell0 |
Strong Sell1 |
|---|---|---|---|---|---|
| Brokers | 2 | 3 | 2 | 0 | 1 |
| Consensus |
ConsensusBuy |
||||
Not advice based on your circumstances. Does not constitute a recommendation to buy or sell this or any other security. Selected data supplied by Digital Look® Read more.
© 2022 Refinitiv, an LSEG business. All rights reserved.
Forecasts
| Year | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | £7,553.84mn | £7,251.98mn | £6,755.29mn |
| Pre-tax-Profit | £730.49mn | £636.53mn | £410.36mn |
| EPS | £1.09p | £0.99p | £0.76p |
| EPS Growth | -8.75% | -9.58% | -22.73% |
| P/E | 4.64 | 5.13 | 6.47 |
| PEG Ratio | -0.53 | -0.54 | -0.28 |
| Dividend | 25.31p | 27.34p | 29.40p |
| Yield | 0.00% | 0.00% | 0.00% |
Upgrades & Downgrades (Latest)
| Date | Broker | Recommendation | Price | Old Target | New Target | Change |
|---|---|---|---|---|---|---|
| 3rd Apr 2024 | Citigroup | Reiteration | 483p | 0p | 434p | Sell |
| 21st Feb 2024 | RBC Capital Markets | Reiteration | 427p | 1200p | 1100p | Outperform |
| 14th Dec 2023 | JP Morgan Cazenove | Reiteration | 476p | 740p | 760p | Overweight |
| 10th Nov 2023 | JP Morgan Cazenove | Reiteration | 422p | 0p | 0p | Overweight |
| 28th Sep 2023 | JP Morgan Cazenove | Reiteration | 430p | 830p | 740p | Overweight |
| 6th Jul 2023 | Barclays | Reiteration | 577p | 1150p | 1200p | Overweight |
| 24th May 2023 | Barclays | Reiteration | 619p | 0p | 1150p | Overweight |
| 4th Apr 2023 | JP Morgan Cazenove | Reiteration | 605p | 952p | 940p | Buy |
| 24th Feb 2023 | Barclays | Reiteration | 643p | 0p | 1100p | Overweight |
| 16th Feb 2023 | Credit Suisse | Reiteration | 682p | 700p | 625p | Neutral |
Time & Sales
All prices are in GBX and times are in GMT. Last 20 trades shown. Trade type is estimated and should be treated as indicative only.
| Date | Time | Price | Volume | Type |
|---|---|---|---|---|
| 19 Apr 2024 | 18:12 | 484.962 | 3,252 | Buy |
| 19 Apr 2024 | 18:09 | 484.663 | 17,416 | Buy |
| 19 Apr 2024 | 18:03 | 490.2 | 407 | Buy |
| 19 Apr 2024 | 17:42 | 487.587 | 849 | Buy |
| 19 Apr 2024 | 17:41 | 487.874 | 567 | Buy |
| 19 Apr 2024 | 17:33 | 483.699 | 9,498 | Buy |
| 19 Apr 2024 | 17:29 | 490.267 | 6,804 | Sell |
| 19 Apr 2024 | 17:26 | 490.196 | 21,208 | Sell |
| 19 Apr 2024 | 17:26 | 483.807 | 14,375 | Sell |
| 19 Apr 2024 | 17:21 | 485.725 | 437 | Sell |
| 19 Apr 2024 | 17:21 | 487.68 | 139 | Sell |
| 19 Apr 2024 | 17:09 | 484.365 | 2,491 | Sell |
| 19 Apr 2024 | 17:06 | 490.27 | 1,654 | Sell |
| 19 Apr 2024 | 17:05 | 484.192 | 3,996 | Sell |
| 19 Apr 2024 | 16:55 | 490.225 | 17,119 | Buy |
| 19 Apr 2024 | 16:35 | 490.2 | 436,004 | Buy |
| 19 Apr 2024 | 16:29 | 489.2 | 19 | Sell |
| 19 Apr 2024 | 16:29 | 489.2 | 18 | Sell |
| 19 Apr 2024 | 16:29 | 489 | 8 | Sell |
| 19 Apr 2024 | 16:29 | 490.4 | 3 | Buy |
Selected data supplied by Thomson Reuters © View restrictions.