Drax Group plc (DRX) is a leading utilities-renewable business based in the UK. It opened the day at 358p after a previous close of 353p. During the day the price has varied from a low of 345.2p to a high of 358p. The latest price was 348p (25 minute delay). Drax Group is listed on the London Stock Exchange (LSE) and employs 2,711 staff. All prices are listed in pence sterling.
Since the stock market crash in March caused by coronavirus, Drax Group's share price has had significant positive movement.
Its last market close was 296p, which is 6.28% up on its pre-crash value of 277.4p and 148.95% up on the lowest point reached during the March crash when the shares fell as low as 118.9p.
If you had bought £1,000 worth of Drax Group shares at the start of February 2020, those shares would have been worth £448.23 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth £1,049.65.
|52-week range||111.2344p - 374.8p|
|50-day moving average||334.0353p|
|200-day moving average||287.4718p|
|Wall St. target price||419.22p|
|Dividend yield||0.16p (4.39%)|
|Earnings per share (TTM)||0.1p|
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The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
|1 week (2021-01-15)||-10.08%|
|1 month (2020-12-22)||-0.80%|
|3 months (2020-10-22)||17.01%|
|6 months (2020-07-22)||28.89%|
|1 year (2020-01-22)||23.06%|
|2 years (2019-01-22)||-12.74%|
|3 years (2018-01-22)||24.37%|
|5 years (2016-01-22)||49.94%|
Valuing Drax Group stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Drax Group's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Drax Group's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 2550x. In other words, Drax Group shares trade at around 2550x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the FTSE 250 at the end of September 2019 (19.71). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Drax Group's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 0.91. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Drax Group's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Drax Group's EBITDA (earnings before interest, taxes, depreciation and amortisation) is £411.1 million.
The EBITDA is a measure of a Drax Group's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||£4.7 billion|
|Operating margin TTM||4.84%|
|Gross profit TTM||£628 million|
|Return on assets TTM||3.04%|
|Return on equity TTM||-3.24%|
|Market capitalisation||£1.5 billion|
TTM: trailing 12 months
We're not expecting Drax Group to pay a dividend over the next 12 months. However, you can browse other dividend-paying shares in our guide.
Drax Group's shares were split on a 64:67 basis on 30 April 2007. So if you had owned 67 shares the day before before the split, the next day you'd have owned 64 shares. This wouldn't directly have changed the overall worth of your Drax Group shares – just the quantity. However, indirectly, the new 4.7% higher share price could have impacted the market appetite for Drax Group shares which in turn could have impacted Drax Group's share price.
Over the last 12 months, Drax Group's shares have ranged in value from as little as 111.2344p up to 374.8p. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (LSE average) beta is 1, while Drax Group's is 1.2398. This would suggest that Drax Group's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).
Drax Group plc, together with its subsidiaries, engages in the generation and supply of electricity in the United Kingdom. The company operates through three segments: Generation, Customers, and, Pellet Production. It produces low carbon and renewable electricity; and provides system support services to the electricity grid. The company owns and operates Drax Power Station that produces electricity from biomass and coal with an installed capacity of 3,906 megawatts (MW) located in Selby, North Yorkshire; Cruachan Power Station, a pumped hydro storage station, with an installed capacity of 440 MW located in Argyll and Bute, western Scotland; and Lanark and Galloway hydro-electric power stations with an installed capacity of 126 MW located in southwest Scotland. It also owns and operates combined cycle gas turbine power stations, including Damhead Creek power station with an installed capacity of 805 MW; Rye House power station with an installed capacity of 715 MW; Shoreham power station with an installed capacity of 420 MW; and Blackburn power station with an installed capacity of 60 MW located in England. In addition, the company owns and operates Daldowie fuel plant that processes sludge from a wastewater treatment plant and converts it into dry and low-odour fuel pellets. Further, it manufactures and sells compressed wood pellets for use in electricity production; supplies and manages electricity and gas for large industrial and commercial sector customers, as well as small businesses; and provides debt recovery services. Drax Group plc was incorporated in 2005 and is based in Selby, the United Kingdom.
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