Drax logo

DRX - Drax Share Price

255p -8.6  -3.3%

Last Trade - 4:35pm

Sector
Utilities
Size
Mid Cap
Market Cap £1.05bn
Enterprise Value £1.87bn
Revenue £4.68bn
Position in Universe 370th / 1807
Bullish
Bearish
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Momentum
Relative Strength (%)
1m -2.77%
3m
6m
1yr
Volume Change (%)
10d / 3m
Price vs... (%)
52w High -27.7%
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 2014 2015 2016 2017 2018 2019 2020E 2021E CAGR / Avg
2,805 3,065 2,950 3,685 4,237 4,703 4,345 4,500 +10.9%
+214.5 +9.3 +30.4 -58.9 -48.3 +153.5 -3.18 -3.06
PEG
Profitability
ROA
%
%
Cashflow
Dividends
Balance Sheet
NFA
m
FINANCIAL BRIEF: : For the six months ended 30 June 2020, Drax Group Plc revenues decreased 1% to £2.21B. Net loss totaled £55.7M vs. income of £3.9M. Revenues reflect B2B Energy Supply segment decrease of 9% to £1.03B, Pellet Production segment decrease from £100K to £0K. Net loss reflects Asset obsolescence charges increase from £0K to £224.2M (expense), Impairment losses on trade and other rec increase from £12.5M to £26.2M (expense).
Health Trend(F-Score)
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Bankruptcy Score(Z-Score)
Distress
Cautious
Safe
Earnings Manipulation Risk(M-Score)
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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 2020
31st Dec 2021
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 2019 /  2020
DRX EPS Forecasts Unlock DRX Revenue
Profile Summary

Drax Group Plc is engaged in the electricity generation; electricity supply to business customers, and manufacturing of sustainable compressed wood pellets for use in electricity production. The Company's segments include Generation, which is engaged in the generation of electricity at Drax Power Station; Biomass Supply, which is engaged in the production of sustainable compressed wood pellets at its processing facilities in the United States, and Retail, which is engaged in the supply of power to business customers and wood pellets to the domestic heat market. Its business units include Drax Power, Haven Power, Drax Biomass and Billington Bioenergy. Drax Biomass provides compressed wood pellets. Haven Power supplies electricity to businesses. Billington Bioenergy supplies sustainable compressed wood pellets to provide businesses and households with renewable heat. Drax Power Station is located near Selby, North Yorkshire, connecting into the national electricity distribution grid.

Directors
Last Annual December 31st, 2019
Last Interim June 30th, 2020
Incorporated September 13, 2005
Public Since December 20, 2005
No. of Shareholders: n/a
No. of Employees: 2,988
Sector Utilities
Industry Electric Utilities & IPPs
Index FTSE All Share , FTSE All Share Utilities , FTSE All Share Electricity , FTSE 350 Higher Yield , FTSE 350 , FTSE 250 , FTSE 350 Electricity , ,
Exchange London Stock Exchange (Full)
Shares in Issue 396,921,216
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 25th February, 2021 Estimate
Full Year 2020 Drax Group PLC Earnings Release
Frequently Asked Questions for Drax
What is the Drax share price?

As of 4:35pm, shares in Drax are trading at 255p, giving the company a market capitalisation of £1.05bn. 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 255p and the price has moved by -5.45% 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 16.5% 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 3 "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: 2021-06-30
What is the Drax dividend yield?

The Drax dividend yield is 6.18% based on the trailing twelve month period.

Does Drax pay a dividend?

Last year, Drax paid a total dividend of 0.16, and it currently has a trailing dividend yield of 6.18%. Looking ahead, Drax has not announced an ex-dividend date yet and the next dividend pay date is 2020-10-02.

When does Drax next pay dividends?

Drax has yet to annouce their ex-dividend date and the next dividend pay date is 2020-10-02. The historic dividend yield on Drax shares is currently 6.18%.

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 255p, giving the company a market capitalisation of £1.05bn.

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 Super Stock. 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 2020?

Shares in Drax are currently priced at 255p. At that level they are trading at 19.71% discount to the analyst consensus target price of 317.60.

Analysts covering Drax currently have a consensus Earnings Per Share (EPS) forecast of 0.29551 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 56.94%. At the current price of 255p, shares in Drax are trading at 4.96% 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 5.48. The shares are currently trading at 255p.

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
Clare Harbord - OTH
Vanessa Simms - NID
Andy Skelton - CFO
John Baxter - NID
Penny Small - OTH
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: 12.96% (51.5m shares)
Schroder Investment Management Ltd. (SIM) Investment Advisor/Hedge Fund
Percentage owned: 9.98% (39.6m shares)
BlackRock Institutional Trust Company, N.A. Investment Advisor
Percentage owned: 6.22% (24.7m shares)
Invesco UK Equity High Income Mutual Fund
Percentage owned: 6.03% (23.9m shares)
Artemis Investment Management LLP Investment Advisor/Hedge Fund
Percentage owned: 5.04% (20.0m shares)
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