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Drax Group

Current Price 236.88p Bid 236.60p Ask 237.00p Change 2.87%
Last Updated: 24/02/2018 10:22. 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 31/12/2016

Turnover
£2,949.80m
Operating Profit
£203.50m
Dividend Yield
2.30
Dividend Per Share
2.50
Dividend Cover
9.06
P/E Ratio
4.80

Key Personnel

Dwight Daniel William Gardiner
Chief Executive
Andrew Robert Koss
Executive Director
Philip Gotsall Cox
Non-Executive Chairman
Timothy Russell Cobbold
Non-Executive Director
David Clive Lindsell
Non-Executive Director
Anthony David Thorne
Non-Executive Director
David Simon Matthew Nussbaum
Non-Executive Director
Dr Nicola Hodson
Non-Executive Director

Stock Details

EPIC
DRX
ISIN
GB00B1VNSX38
Shares in Issue
407,034,429
Market cap
£938.62m
Sector

Analyst Views (5)

Strong Buy
 
20.00%
Buy
 
20.00%
Hold
 
60.00%
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
236.60p
Bid Price
236.60p
Ask Price
237.00p
Volume
724139
Change Today
6.60p
% Change Today
2.87%
Open
230.00p
Previous Close
236.60p
Intraday High
237.80p
Intraday Low
230.00p
52 Week High
368.70p
52 Week Low
218.00p
52 week high and low figures quoted above are calculated from intraday price data.

Intra-Day Chart

Drax Group Intra-day Chart

Drax Group News

News in this section is provided by MoneyAM

Drax Group secures £10m capacity market agreements for existing coal units 09 Feb 2018 | 07:13 FTSE falls as investors book profits 17 Jan 2018 | 16:53 Drax to convert fourth unit to biomass 17 Jan 2018 | 09:35 Broker Forecast - Credit Suisse issues a broker note on Drax Group PLC 21 Dec 2017 | 08:10 FTSE takes its cue from weak US stocks 20 Dec 2017 | 16:42 FTSE dips after sterling bounce on banks news 20 Dec 2017 | 11:43 Weaker housebuilders subdue FTSE 20 Dec 2017 | 09:11 Drax expects £10m earnings hit following unplanned outage 20 Dec 2017 | 07:56 Drax full-year expectations unchanged 12 Dec 2017 | 07:34 Broker Forecast - JP Morgan Cazenove issues a broker note on Drax Group PLC 07 Dec 2017 | 10:20 Broker Forecast - Deutsche Bank issues a broker note on Drax Group PLC 06 Dec 2017 | 11:10 Broker Forecast - HSBC issues a broker note on Drax Group PLC 04 Dec 2017 | 08:40 Broker Forecast - Citigroup issues a broker note on Drax Group PLC 17 Nov 2017 | 11:50 Drax appoints interim CFO 27 Oct 2017 | 08:15 FTSE falls as weak dollar hits overseas earners 25 Oct 2017 | 16:42 Drax agrees sale of BBE for £2m 25 Oct 2017 | 07:30 Director Deals - Drax Group PLC (DRX) 27 Sep 2017 | 15:00 Director Deals - Drax Group PLC (DRX) 27 Sep 2017 | 15:00 Director Deals - Drax Group PLC (DRX) 21 Aug 2017 | 15:55 Broker Forecast - JP Morgan Cazenove issues a broker note on Drax Group PLC 24 Jul 2017 | 13:20 FTSE up ahead of ECB meeting 19 Jul 2017 | 16:38 Consumer gains fail to fuel FTSE 100 19 Jul 2017 | 09:15 Drax hikes divi as earnings rise 19 Jul 2017 | 07:43 FLASH: Drax earnings up 19 Jul 2017 | 07:05 Drax sets date for H1 results announcement 12 Jul 2017 | 13:01 Broker Forecast - HSBC issues a broker note on Drax Group PLC 29 Jun 2017 | 10:30 Broker Forecast - Macquarie issues a broker note on Drax Group PLC 27 Jun 2017 | 09:50 Broker Forecast - JP Morgan Cazenove issues a broker note on Drax Group PLC 20 Jun 2017 | 08:30 Drax unveils new dividend policy 15 Jun 2017 | 07:30 FLASH: Drax unveils new dividend policy 15 Jun 2017 | 07:08

Assets (£m)

Data has been provided by MoneyAM

Reporting Date
31 Dec 2016
31 Dec 2015
Tangible Assets
1,641.5
1,653.8
Intangible Assets & Goodwill
36.2
26.3
Investments & Other Non-Current Assets
519.8
278.4
Total Non-Current Assets
2,197.5
1,958.5
Inventory
287.5
224.0
Trade & Receivables
292.9
319.3
Cash & Receivables
228.4
133.8
Other Current Assets & Assets Held for Resale
662.6
601.5
Total Assets
3,668.9
3,237.1

Liabilities (£m)

Data has been provided by MoneyAM

Reporting Date
31 Dec 2016
31 Dec 2015
Short Term Liabilities
884.9
762.6
Long Term Liabilities
738.8
872.1
Other Liabilities / Pension etc
0.0
0.0
Total Liabilities
1,623.7
1,634.7

Net Assets (£m)

Data has been provided by MoneyAM

Reporting Date
31 Dec 2016
31 Dec 2015
Net Assets
2,045.2
1,602.4

Equity (£m)

Data has been provided by MoneyAM

Reporting Date
31 Dec 2016
31 Dec 2015
Share Capital
47.0
46.9
Minority Interests
0.0
0.0
Retained Earnings
566.5
384.1
Share Premium Account
424.2
424.2
Other Equity
1,007.5
747.2
Total Equity
2,045.2
1,602.4

Cashflow (£m)

Data has been provided by MoneyAM

Reporting Date
31 Dec 2016
31 Dec 2015
Cashflow from Operating Activities
190.9
150.0
Cashflow Before Financing
97.7
7.0
Increase / Decrease in Cash
86.7
-47.1

Income (£m)

Data has been provided by MoneyAM

Reporting Date
31 Dec 2016
31 Dec 2015
Turnover
2,949.8
3,065.0
Cost of Sales
2,573.4
2,656.2
Gross Profit
376.4
408.8
Operating Profit
203.5
76.0
Pre-Tax Profit
197.1
59.0
Profit / Loss for the Year
193.9
56.3

Dividend History

Data has been provided by MoneyAM

Period
Ex-Dividend Date
Payment Date
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
H1 Dividend
24 Sep 2014
10 Oct 2014
H2 Dividend
23 Apr 2014
16 May 2014
H1 Dividend
25 Sep 2013
11 Oct 2013
H2 Dividend
24 Apr 2013
17 May 2013
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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