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Drax Group

Current Price 293.80p Bid 293.40p Ask 293.80p Change -2.07%
Last Updated: 16/10/2019 16:30. Prices delayed by at least 15 minutes.
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Company Overview

Drax Group plc is the owner and operator of Drax Power Station, the largest, cleanest and most efficient coal-fired power station in the UK. It is responsible for generating 7% of the UK's electricity. Having successfully upgraded the UK's biggest power station through innovative engineering, it is now a predominantly biomass-fuelled generator. 70% of the electricity it produces – enough to power Leeds, Manchester, Sheffield and Liverpool – is now made using compressed wood pellets rather than coal.

Financial Highlights Year Ended 31/12/2018

Turnover
£4,229.00m
Operating Profit
£59.90m
Dividend Yield
4.97
Dividend Per Share
14.10
Dividend Cover
0.34
P/E Ratio
59.96
More Financials

Key Personnel

Dwight Daniel William Gardiner
Chief Executive
Andrew Keith Skelton
Chief Financial Officer
Andrew Robert Koss
Executive Director
Philip Gotsall Cox
Non-Executive Chairman
Anthony David Thorne
Non-Executive Director
Vanessa Kate Simms
Non-Executive Director
David Simon Matthew Nussbaum
Non-Executive Director
Dr Nicola Hodson
Non-Executive Director
Timothy Russell Cobbold
Non-Executive Director
John Baxter
Non-Executive Director

Stock Details

EPIC
DRX
ISIN
GB00B1VNSX38
Shares in Issue
396,413,355
Market cap
£1,188.45m
Sector
Conventional Electricity

Analyst Views (7)

Strong Buy
 
28.57%
Buy
 
0.00%
Hold
 
71.43%
Sell
 
0.00%
Strong Sell
 
0.00%
The above information represents a selection of the views published in the last 120 days by analysts. It is subject to change without notice and doesn't reflect view held by Redmayne Bentley and is not advice.

Price Summary

Mid Price
293.60p
Bid Price
293.40p
Ask Price
293.80p
Volume
908865
Change Today
-6.20p
% Change Today
-2.07%
Open
297.40p
Previous Close
299.80p
Intraday High
300.80p
Intraday Low
287.40p
52 Week High
432.40p
52 Week Low
247.80p
52 week high and low figures quoted above are calculated from intraday price data.

Intra-Day Chart

Drax Group Intra-day Chart
More Charts

Drax Group News

News in this section is provided by AJ Bell

Broker Forecast - Jefferies International issues a broker note on Drax Group PLC 19 Sep 2019 | 10:40 Director Deals - Drax Group PLC (DRX) 26 Jul 2019 | 11:15 Broker Forecast - Citigroup issues a broker note on Drax Group PLC 26 Jul 2019 | 08:00 Broker Forecast - RBC Capital Markets issues a broker note on Drax Group PLC 25 Jul 2019 | 11:00 Drax enters into debt agreements worth £500m 24 Jul 2019 | 14:43 Broker Forecast - Credit Suisse issues a broker note on Drax Group PLC 09 Jul 2019 | 11:10 Broker Forecast - JP Morgan Cazenove issues a broker note on Drax Group PLC 04 Jul 2019 | 08:50 Director Deals - Drax Group PLC (DRX) 27 Jun 2019 | 09:00 Broker Forecast - Barclays Capital issues a broker note on Drax Group PLC 19 Jun 2019 | 08:10 Broker Forecast - Macquarie issues a broker note on Drax Group PLC 17 Jun 2019 | 13:30 Director Deals - Drax Group PLC (DRX) 08 May 2019 | 09:00 Drax prices debt offering of US dollar denominated bonds at about $200m 03 May 2019 | 09:35 Director Deals - Drax Group PLC (DRX) 27 Mar 2019 | 15:15 Director Deals - Drax Group PLC (DRX) 27 Mar 2019 | 15:15 Broker Forecast - HSBC issues a broker note on Drax Group PLC 25 Mar 2019 | 13:10 Broker Forecast - Credit Suisse issues a broker note on Drax Group PLC 22 Mar 2019 | 11:00 Broker Forecast - Citigroup issues a broker note on Drax Group PLC 14 Mar 2019 | 09:50 Director Deals - Drax Group PLC (DRX) 08 Mar 2019 | 16:15 Director Deals - Drax Group PLC (DRX) 08 Mar 2019 | 16:15 Director Deals - Drax Group PLC (DRX) 08 Mar 2019 | 16:15 Director Deals - Drax Group PLC (DRX) 08 Mar 2019 | 16:15 Broker Forecast - RBC Capital Markets issues a broker note on Drax Group PLC 26 Feb 2019 | 11:20 Drax Group swings to profit on strong pellet production growth 26 Feb 2019 | 07:45 Broker Forecast - Citigroup issues a broker note on Drax Group PLC 15 Feb 2019 | 13:30 Broker Forecast - HSBC issues a broker note on Drax Group PLC 28 Jan 2019 | 14:20 Weak sterling lifts FTSE but global stocks remain under pressure 02 Jan 2019 | 16:37 FTSE struggles to gain momentum amid mining slump 02 Jan 2019 | 11:56 FTSE starts new year on the back foot amid weak Chinese data 02 Jan 2019 | 08:50 Drax completes acquisition of Scottish Power assets 02 Jan 2019 | 07:10 Director Deals - Drax Group PLC (DRX) 21 Dec 2018 | 17:30

Assets (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Tangible Assets
2,292.3
1,661.9
Intangible Assets & Goodwill
473.5
401.2
Investments & Other Non-Current Assets
352.1
215.4
Total Non-Current Assets
3,117.9
2,278.5
Inventory
222.5
272.1
Trade & Receivables
468.8
417.5
Cash & Receivables
289.0
222.3
Other Current Assets & Assets Held for Resale
432.1
327.2
Total Assets
4,530.3
3,517.6

Liabilities (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Short Term Liabilities
1,722.5
864.7
Long Term Liabilities
1,036.8
932.8
Other Liabilities / Pension etc
0.0
0.0
Total Liabilities
2,759.3
1,797.5

Net Assets (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Net Assets
1,771.0
1,720.1

Equity (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Share Capital
47.0
47.0
Minority Interests
0.0
0.0
Retained Earnings
442.7
417.2
Share Premium Account
424.7
424.3
Other Equity
856.6
831.6
Total Equity
1,771.0
1,720.1

Cashflow (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Cashflow from Operating Activities
311.1
315.2
Cashflow Before Financing
177.6
-239.3
Increase / Decrease in Cash
65.6
-4.0

Income (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Turnover
4,229.0
3,685.2
Cost of Sales
3,589.6
3,140.2
Gross Profit
639.4
545.0
Operating Profit
59.9
-117.1
Pre-Tax Profit
13.8
-183.2
Profit / Loss for the Year
20.2
-151.1

Dividend History

Data has been provided by AJ Bell

Period
Ex-Dividend Date
Payment Date
H1 Dividend
19 Sep 2019
11 Oct 2019
H2 Dividend
18 Apr 2019
10 May 2019
H1 Dividend
20 Sep 2018
12 Oct 2018
H2 Dividend
19 Apr 2018
11 May 2018
H1 Dividend
21 Sep 2017
06 Oct 2017
H2 Dividend
20 Apr 2017
12 May 2017
H1 Dividend
22 Sep 2016
07 Oct 2016
H2 Dividend
21 Apr 2016
13 May 2016
H1 Dividend
24 Sep 2015
09 Oct 2015
H2 Dividend
23 Apr 2015
15 May 2015
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
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