Drax Group/DRX

1.03%
-
1D1W1MYTD1YMAX

About Drax Group

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.

Ticker

DRX

Sector

Utilities

Trading on

LSE

Industry

Electric Utilities

CEO

Will Gardiner

Employees

3,551

Headquarters

Selby, United Kingdom

Drax Group Metrics

BasicAdvanced
£1.91B
Market cap
3.54
P/E ratio
£1.40
EPS
1.57
Beta
£0.23
Dividend rate
4.67%
Dividend yield
£1.91B
1.57277
£6.55
£3.95
1.72M
£0.23
1.123
0.966
64.526
79.203
15.87%
12.018
7.16%
9.02%
34.26%
14.55%
3.539
0.244
0.966
1.299
6.207
3.86%
4.67%
4.67%
-3.88%
599.81%
22.8%
10.54%

What the Analysts think about Drax Group

Analyst Ratings

Majority rating from 8 analysts.
Buy

Price Targets

Average projection from 7 analysts.
51.84% upside
High £11.00
Low £4.34
£4.90
Current price
£7.44
Average price target

Drax Group Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
8.09% profit margin
QuarterlyAnnual
Q4 23
QoQ growth
Revenue
£3.88B
-2.18%
Net income
£314.1M
26.6%
Profit margin
8.09%
29.44%

Drax Group Earnings Performance

Earnings per share (EPS)

Company profitability
Beat by 19.14%
QuarterlyAnnual
Q2 21
Q2 22
Actual
£0.14
£0.19
Expected
£0.18
£0.16
Surprise
-18.86%
19.14%
Latest price is delayed by 15 minutes. Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by ICE Data Services and LSEG. Fundamental data, financials and analyst ratings are sourced from Refinitiv.

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FAQs

What’s the current market cap for Drax Group stock?

Drax Group (DRX) has a market cap of £1.91B as of April 18, 2024.

What is the P/E ratio for Drax Group stock?

The price to earnings (P/E) ratio for Drax Group (DRX) stock is 3.54 as of April 18, 2024.

Does Drax Group stock pay dividends?

Yes, the Drax Group (DRX) stock pays dividends to shareholders. As of April 18, 2024, the dividend rate is £0.231 and the yield is 4.67%. Drax Group has a payout ratio of 15.87% on a trailing twelve-month basis.

When is the next Drax Group dividend payment date?

The next Drax Group (DRX) dividend payment is scheduled for May 17, 2024.

What is the beta indicator for Drax Group?

Drax Group (DRX) has a beta rating of 1.57. This means that it is more volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 2 would indicate the stock moves twice as much as the market.

What is the Drax Group stock price target?

The target price for Drax Group (DRX) stock is £7.44, which is 51.84% above the current price of £4.9. This is an average based on projections from 7 analysts, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

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