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Drax Group

Current Price 510.00p Bid 509.50p Ask 511.50p Change 0.59%
Last Updated: 24/04/2024 21:56. Prices delayed by at least 15 minutes.
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Company Overview

Drax Group is a renewable energy company engaged in renewable power generation, the production of sustainable biomass and the sale of renewable electricity to businesses. Drax operates a generation portfolio of sustainable biomass, hydro-electric and pumped hydro storage assets across four sites in England and Scotland. It is the UK's largest source of renewable electricity. The company also operates a global bioenergy supply business with manufacturing facilities at 13 sites in the United States and Canada, producing compressed wood pellets for its own use and for customers in Europe and Asia.

Financial Highlights Year Ended 31/12/2023

Revenue
£8,125.30m
Operating Profit/Loss
£909.80m
Dividend yield (%)
4.70
Total dividend for year
n/ap
Dividend cover
5.18
P/E Ratio
4.10
More Financials

Key Personnel

Ms Andrea Bertone
Chairman
Mr Will Gardiner
Chief Executive Officer
Mr Andy Skelton
Chief Financial Officer
Ms Nicola Hodson
Independent Non-Executive Director
Ms Vanessa Simms
Independent Non-Executive Director
Mr Erika Peterman
Non-Executive Director
Mr John Baxter
Non-Executive Director
Mr Kim Keating
Non-Executive Director
Mr David Nussbaum
Senior Independent Director

Stock Details

EPIC
DRXL
ISIN
GB00B1VNSX38
Shares in Issue
406.35m
Market cap
£2,072.37m

Analyst Views (2)

Strong Buy
 
0%
Buy
 
50.00%
Hold
 
0%
Sell
 
50.00%
Strong Sell
 
0%
This information is provided by Web Financial Group (UK) Limited. It is subject to change without notice and doesn't reflect the views held by Redmayne Bentley and is not advice.

Price Summary

Mid Price
510.00p
Bid Price
509.50p
Ask Price
511.50p
Volume
211,590
Change Today
3.00p
% Change Today
0.59%
Open
509.00p
Previous Close
510.00p
Intraday High
512.00p
Intraday Low
503.00p
52 Week High
638.20p
52 Week Low
401.80p
52 week high and low figures quoted above are calculated from intraday price data.

Intra-Day Chart

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Income Statement

Year End Date
31 Dec 2023
31 Dec 2022
 
£ (M)
£ (M)
Continuing Operations
Revenue
8,125.30
7,775.30
Operating Profit/Loss
909.80
145.80
Net Interest
-102.40
-79.20
Pre-Tax Profit
796.40
78.10
Profit After Tax from continuing operations
560.90
82.50
Discontinued Operations
Profit After Tax
n/a
n/a
Profit/Loss for the Year
560.90
82.50
Attributable to:
Equity Holders of Parent Company
562.20
85.10
Minority Interests
-1.30
-2.60
Total Dividend Paid
n/ap
n/ap
Retained Profit/(Loss) for the Financial Year
n/a
n/a

Earnings per Share

Year End Date
31 Dec 2023
31 Dec 2022
Basic
142.80p
21.30p
Diluted
139.50p
20.50p
Adjusted
119.60p
85.10p
Dividend per Share
n/ap
n/ap

Assets

Year End Date
31 Dec 2023
31 Dec 2022
 
£ (M)
£ (M)
Non-Current Assets
Property, Plant & Equipment
2,821.00
2,526.30
Intangible Assets
498.20
566.50
Investment Properties
n/a
n/a
Investments
8.90
6.90
Other Financial Assets
293.60
361.00
Other Non-Current Assets
71.30
75.80
Current Assets
Inventories
328.40
348.10
Trade & Other Receivables
976.90
1,227.00
Cash at Bank & In Hand
379.50
238.00
Current Asset Investments
n/a
n/a
Other Current Assets
660.60
584.70
Other Assets
n/a
n/a
Total Assets
6,038.40
5,934.30

Liabilities

Year End Date
31 Dec 2023
31 Dec 2022
 
£ (M)
£ (M)
Current Liabilities
Borrowings
289.30
67.00
Other Current Liabilities
1,798.40
2,141.20
Total Current Liabilities
2,087.70
2,208.20
Non-Current Liabilities
Borrowings
1,271.80
1,527.00
Provisions
389.30
200.20
Other Non-Current Liabilities
306.60
674.70
Total Non-Current Liabilities
1,967.70
2,401.90
Other Liabilities
n/a
n/a
Total Liabilities
4,055.40
4,610.10

Net Assets

Year End Date
31 Dec 2023
31 Dec 2022
 
£ (M)
£ (M)
Net Assets
1,983.00
1,324.20

Capital & Reserves

Year End Date
31 Dec 2023
31 Dec 2022
 
£ (M)
£ (M)
Share Capital
49.10
47.90
Share Premium Account
441.20
433.30
Other Reserves
814.30
635.80
Retained Earnings
666.40
193.80
Shareholders Funds
1,971.00
1,310.80
Minority Interests/Other Equity
12.00
13.40
Total Equity
1,983.00
1,324.20

Dividend History

Type
Ex-Dividend Date
Payment Date
Payment
Final
18 Apr 2024
17 May 2024
13.90p
Interim
24 Aug 2023
06 Oct 2023
9.20p
Final
20 Apr 2023
19 May 2023
12.60p
Interim
25 Aug 2022
07 Oct 2022
8.40p
Final
28 Apr 2022
13 May 2022
11.30p
Interim
26 Aug 2021
08 Oct 2021
7.50p
Final
22 Apr 2021
14 May 2021
10.30p
Interim
20 Aug 2020
02 Oct 2020
6.80p
Final
23 Apr 2020
15 May 2020
9.50p
Interim
19 Sep 2019
11 Oct 2019
6.40p
Final
18 Apr 2019
10 May 2019
8.50p
Interim
20 Sep 2018
12 Oct 2018
5.60p
Final
19 Apr 2018
11 May 2018
7.40p
Interim
21 Sep 2017
06 Oct 2017
4.90p
Final
20 Apr 2017
12 May 2017
0.40p
Interim
22 Sep 2016
07 Oct 2016
2.10p
Final
21 Apr 2016
13 May 2016
0.60p
Interim
24 Sep 2015
09 Oct 2015
5.10p
Special
17 Sep 2008
08 Oct 2008
9.70p
Special
17 Sep 2008
08 Oct 2008
9.70p
Special
17 Sep 2008
08 Oct 2008
9.70p
Special
17 Sep 2008
08 Oct 2008
9.70p

Dividend Metrics

Year End Date
31 Dec 2023
31 Dec 2022
Dividend growth
10.00%
11.70%
Dividend yield
4.70%
3.00%
Dividend cover
5.18
4.05


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