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DRX - Drax Share Price

403p -17.0  -4.0%

Last Trade - 30/07/21

Sector
Utilities
Size
Mid Cap
Market Cap £1.67bn
Enterprise Value £2.48bn
Revenue £4.24bn
Position in Universe 341st / 1800
Bullish
Bearish
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Momentum
Relative Strength (%)
1m -3.54%
3m
6m
1yr
Volume Change (%)
10d / 3m
Price vs... (%)
52w High -8.62%
50d MA
200d MA
Growth & Value
12m Forecast Rolling Industry Market
Valuation (ttm) Industry Market
Margin of Safety
Qualifying GuruScreens
Financial Summary
Year End 31st Dec 2015 2016 2017 2018 2019 2020 2021E 2022E CAGR / Avg
3,065 2,950 3,685 4,237 4,457 4,235 4,504 4,782 +6.7%
+9.3 +30.4 -58.9 -48.3 +111.4 -24.3 +38.4 +82.8
PEG
Profitability
ROA
%
%
Cashflow
Dividends
Balance Sheet
NFA
m
FINANCIAL BRIEF: : For the fiscal year ended 31 December 2020, DraxGroup Plc revenues decreased 5% to £4.24B. Net loss beforeextraordinary items increased from £9.7M to £194.6M.Revenues reflect B2B Energy Supply segment decrease of 7%to £2.12B, Power Generation segment decrease of 3% to£2.12B. Higher net loss reflects Asset obsolescence chargesincrease from £0K to £239.3M (expense).
Health Trend(F-Score)
0 1 2 3 4 5 6 7 8 9
Bankruptcy Score(Z-Score)
Distress
Cautious
Safe
Earnings Manipulation Risk(M-Score)
Other Ratios
Recent History
Latest interim period vs. prior period Industry Market
3yr Compound Annual Growth Rate Industry Market
Latest News & Insights for DRX
Graphical History

Revenue

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Net Income

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Normalised EPS

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PE Ratio Range

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Dividend Yield Range

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Analyst Forecasts
Price Target:
( below Price)
31st Dec 2021
31st Dec 2022
Est. Long Term Growth Rate: Net Profit
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EPS
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DPS
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Net Profit
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EPS
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Consensus Estimate
1m Change
3m Change
Analyst Consensus
Strong Sell Sell Hold Buy Strong Buy
EPS 2020 /  2021
DRX EPS Forecasts Unlock DRX Revenue
Profile Summary

Drax Group PLC is a United Kingdom-based energy generator. The Company operates a portfolio of renewable biomass and hydro assets to provide renewable and low-carbon generation and system support services. It operates through three segments: Generation, Customers and Pellet Production. The Generation segment includes its power generation activities in the United Kingdom (UK). The Customers segment is engaged in the supply of electricity and gas to business customers in the UK. The Pellet Production segment is engaged in the production of sustainable compressed wood pellets at its processing facilities in the United States (US). The Customers segment supplies renewable electricity to businesses through Haven Power and Opus Energy. Haven Power supplies and manages electricity for large industrial and commercial sector customers, as well as small businesses. Opus Energy provides a market for excess power from energy sources, such as wind, solar, hydro and anaerobic digestion.

Directors
Last Annual December 31st, 2020
Last Interim December 31st, 2020
Incorporated September 13, 2005
Public Since December 20, 2005
No. of Shareholders: n/a
No. of Employees: 3,015
Sector Utilities
Industry Electric Utilities & IPPs
Index FTSE All Share , FTSE All-share - Utilities Price Return Gbp End Of Day, FTSE All-share - Electricity Price Return Gbp End Of Day, FTSE 350 Higher Yield , FTSE 350 , FTSE 250 , FTSE 350 Electricity , ,
Exchange London Stock Exchange (Full)
Shares in Issue 398,547,132
Free Float (0.0%)
Eligible for
ISAs
SIPPs
DRX Share Price Performance
Share Price
Bid - Ask
Low - High
Spread
Day's Change
Avg Volume
Open - Close
Range (12m)
Beta
Latest News for DRX
Upcoming Events for DRX
Thursday 26th August, 2021
Dividend For DRX.L - 7.5000 GBX
Frequently Asked Questions for Drax
What is the Drax share price?

As of 30/07/21, shares in Drax are trading at 403p, giving the company a market capitalisation of £1.67bn. This share price information is delayed by 15 minutes.

How has the Drax share price performed this year?

Shares in Drax are currently trading at 403p and the price has moved by 52.28% over the past 365 days. In terms of relative price strength - which takes into account the overall market trend - the Drax price has moved by 25.85% over the past year.

What are the analyst and broker recommendations for Drax?

Of the analysts with advisory recommendations for Drax, there are there are currently 2 "buy" , 2 "hold" and 0 "sell" recommendations. The overall consensus recommendation for Drax is Buy. You can view the full broker recommendation list by unlocking its StockReport.

When will Drax next release its financial results?

Drax is scheduled to issue upcoming financial results on the following dates:

Interim results are scheduled for: 2021-12-31
What is the Drax dividend yield?

The Drax dividend yield is 4.07% based on the trailing twelve month period.

Does Drax pay a dividend?

Last year, Drax paid a total dividend of 0.17, and it currently has a trailing dividend yield of 4.07%. Looking ahead, Drax has not announced an ex-dividend date yet.

When does Drax next pay dividends?

Drax has yet to annouce their ex-dividend date. The historic dividend yield on Drax shares is currently 4.07%.

How do I buy Drax shares?

To buy shares in Drax you'll need a share-dealing account with an online or offline stock broker. Once you have opened your account and transferred funds into it, you'll be able to search and select shares to buy and sell. You can use Stockopedia’s share research software to help you find the the kinds of shares that suit your investment strategy and objectives.

What is the market cap of Drax?

Shares in Drax are currently trading at 403p, giving the company a market capitalisation of £1.67bn.

Where are Drax shares listed? Where are Drax shares listed?

Here are the trading details for Drax:

Country of listing: United Kingdom
Exchange: LSE
Ticker Symbol: DRX
What kind of share is Drax?

Based on an overall assessment of its quality, value and momentum, Drax is currently classified as a Style Neutral. The classification is based on a composite score that examines a wide range of fundamental and technical measures. Stock are classified on the the following spectrum: Super Stocks, High Flyers, Contrarians, Turnarounds, Neutral, Value Traps, Momentum Traps, Falling Stars, and Sucker Stocks. For more information, learn about our StockRank Styles.

Is there a Drax share price forecast 2021?

Shares in Drax are currently priced at 403p. At that level they are trading at 15.87% discount to the analyst consensus target price of 479.02.

Analysts covering Drax currently have a consensus Earnings Per Share (EPS) forecast of 0.26673 for the next financial year.

How can I tell whether the Drax share price will go up?

An important predictor of whether a stock price will go up is its track record of momentum. Price trends tend to persist, so it's worth looking at them when it comes to a share like Drax. Over the past six months, the relative strength of its shares against the market has been 2.64%. At the current price of 403p, shares in Drax are trading at 8.68% against their 200 day moving average. You can read more about the power of momentum in assessing share price movements on Stockopedia.

What is the Drax PE Ratio?

The Drax PE ratio based on its reported earnings over the past 12 months is 21.79. The shares are currently trading at 403p.

The PE ratio (or price-to-earnings ratio) is the one of the most popular valuation measures used by stock market investors. It is calculated by dividing a company's price per share by its earnings per share.

The PE ratio can be seen as being expressed in years, in the sense that it shows the number of years of earnings which would be required to pay back the purchase price, ignoring inflation. So in general terms, the higher the PE, the more expensive the stock is.

Who are the key directors of Drax?

Drax's management team is headed by:

Philip Cox - NEC
Will Gardiner - CEO
David Nussbaum - NID
Nicola Hodson - NID
Vanessa Simms - NID
Andy Skelton - CFO
John Baxter - NID
Brett Gladden - SEC
Who are the major shareholders of Drax?

Here are the top five shareholders of Drax based on the size of their shareholding:

INVESCO Asset Management Limited Investment Advisor/Hedge Fund
Percentage owned: 9.68% (38.6m shares)
Schroder Investment Management Ltd. (SIM) Investment Advisor/Hedge Fund
Percentage owned: 9.62% (38.3m shares)
BlackRock Institutional Trust Company, N.A. Investment Advisor
Percentage owned: 6.2% (24.7m shares)
Orbis Investment Management Ltd. Investment Advisor/Hedge Fund
Percentage owned: 5.02% (20.0m shares)
Artemis Investment Management LLP Investment Advisor/Hedge Fund
Percentage owned: 4.75% (18.9m shares)
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