DRAX GROUP PLC |
Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
| 516 GBX | -0.39% |
|
+1.62% | +5.42% |
| 25/04 | Drax Group plc Approves the Final Dividend for the Year 2023 | CI |
| 25/04 | Drax on track to meet expectations after powerful first quarter | AN |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,245 | 1,488 | 2,415 | 2,818 | 1,884 | 2,002 | - | - |
| Enterprise Value (EV) 1 | 2,119 | 2,295 | 3,459 | 4,024 | 2,968 | 2,915 | 2,650 | 2,580 |
| P/E ratio | 3,140 x | -9.42 x | 44.8 x | 34.3 x | 3.51 x | 4.73 x | 5.08 x | 7.71 x |
| Yield | 5.06% | 4.56% | 3.11% | 2.99% | 4.72% | 4.88% | 5.26% | 5.67% |
| Capitalization / Revenue | 0.26 x | 0.35 x | 0.47 x | 0.36 x | 0.23 x | 0.26 x | 0.27 x | 0.29 x |
| EV / Revenue | 0.45 x | 0.54 x | 0.68 x | 0.52 x | 0.37 x | 0.39 x | 0.36 x | 0.37 x |
| EV / EBITDA | 5.17 x | 5.57 x | 8.69 x | 5.5 x | 2.45 x | 3.04 x | 2.99 x | 3.78 x |
| EV / FCF | 8.76 x | 17.4 x | 35.7 x | 122 x | 7.51 x | 11.8 x | 6.36 x | 7.95 x |
| FCF Yield | 11.4% | 5.74% | 2.8% | 0.82% | 13.3% | 8.45% | 15.7% | 12.6% |
| Price to Book | 0.73 x | 1.11 x | 1.88 x | 2.15 x | - | 0.85 x | 0.75 x | 0.71 x |
| Nbr of stocks (in thousands) | 3,96,538 | 3,96,930 | 3,99,167 | 4,00,811 | 3,84,777 | 3,86,505 | - | - |
| Reference price 2 | 3.140 | 3.750 | 6.050 | 7.030 | 4.897 | 5.180 | 5.180 | 5.180 |
| Announcement Date | 27/02/20 | 25/02/21 | 24/02/22 | 23/02/23 | 29/02/24 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,713 | 4,245 | 5,088 | 7,775 | 8,125 | 7,564 | 7,316 | 6,968 |
| EBITDA 1 | 409.8 | 412 | 398 | 731 | 1,214 | 958.2 | 885.1 | 682.4 |
| EBIT 1 | 201.9 | 194.6 | 170.1 | 469.4 | 781.6 | 707.4 | 624.1 | 413.6 |
| Operating Margin | 4.28% | 4.58% | 3.34% | 6.04% | 9.62% | 9.35% | 8.53% | 5.94% |
| Earnings before Tax (EBT) 1 | -2.8 | -234.7 | 121.5 | 78.1 | 796.4 | 605.8 | 549.2 | 344.3 |
| Net income 1 | 0.5 | -157.9 | 79.7 | 85.1 | 562.2 | 434 | 410.7 | 267.7 |
| Net margin | 0.01% | -3.72% | 1.57% | 1.09% | 6.92% | 5.74% | 5.61% | 3.84% |
| EPS 2 | 0.001000 | -0.3980 | 0.1350 | 0.2050 | 1.395 | 1.096 | 1.020 | 0.6720 |
| Free Cash Flow 1 | 242 | 131.8 | 96.8 | 33 | 395 | 246.5 | 416.7 | 324.5 |
| FCF margin | 5.13% | 3.11% | 1.9% | 0.42% | 4.86% | 3.26% | 5.7% | 4.66% |
| FCF Conversion (EBITDA) | 59.05% | 31.99% | 24.32% | 4.51% | 32.54% | 25.73% | 47.08% | 47.55% |
| FCF Conversion (Net income) | 48,400% | - | 121.46% | 38.78% | 70.26% | 56.8% | 101.47% | 121.22% |
| Dividend per Share 2 | 0.1590 | 0.1710 | 0.1880 | 0.2100 | 0.2310 | 0.2530 | 0.2726 | 0.2936 |
| Announcement Date | 27/02/20 | 25/02/21 | 24/02/22 | 23/02/23 | 29/02/24 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 S1 | 2022 S1 | 2023 S1 |
|---|---|---|---|---|
| Net sales | - | - | 3,557 | - |
| EBITDA 1 | 179 | 186 | 225 | 417 |
| EBIT 1 | 84 | 76.2 | 103.9 | 307.6 |
| Operating Margin | - | - | 2.92% | - |
| Earnings before Tax (EBT) | - | - | - | - |
| Net income 1 | - | - | 148.9 | 248.1 |
| Net margin | - | - | 4.19% | - |
| EPS 2 | - | - | 0.3590 | 0.6040 |
| Dividend per Share 2 | 0.0680 | 0.0750 | 0.0840 | 0.0920 |
| Announcement Date | 29/07/20 | 29/07/21 | 26/07/22 | 27/07/23 |
1GBP in Million2GBP
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 874 | 806 | 1,044 | 1,206 | 1,084 | 913 | 648 | 578 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.132 x | 1.957 x | 2.623 x | 1.65 x | 0.8929 x | 0.9533 x | 0.7316 x | 0.8464 x |
| Free Cash Flow 1 | 242 | 132 | 96.8 | 33 | 395 | 246 | 417 | 324 |
| ROE (net income / shareholders' equity) | 6.67% | 6.31% | 6.74% | 26.2% | 28.7% | 21% | 16% | 8.11% |
| ROA (Net income/ Total Assets) | 2.55% | 2.17% | 1.76% | 5.58% | - | 7.6% | 6.24% | 3.08% |
| Assets 1 | 19.64 | -7,269 | 4,516 | 1,526 | - | 5,712 | 6,585 | 8,699 |
| Book Value Per Share 2 | 4.330 | 3.380 | 3.220 | 3.270 | - | 6.100 | 6.930 | 7.300 |
| Cash Flow per Share 2 | 1.040 | 0.7700 | 0.7400 | 0.5000 | 2.120 | 1.130 | 1.260 | 0.9100 |
| Capex 1 | 171 | 174 | 210 | 175 | 441 | 472 | 320 | 382 |
| Capex / Sales | 3.64% | 4.11% | 4.12% | 2.25% | 5.43% | 6.24% | 4.37% | 5.49% |
| Announcement Date | 27/02/20 | 25/02/21 | 24/02/22 | 23/02/23 | 29/02/24 | - | - | - |
1GBP in Million2GBP
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
5.18
GBP
Average target price
7.574
GBP
Spread / Average Target
+46.21%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +5.42% | 2.51B | |
| +10.26% | 138B | |
| +4.82% | 80.38B | |
| -3.03% | 77.44B | |
| +1.26% | 75.8B | |
| -8.16% | 67.13B | |
| +59.07% | 58.59B | |
| +5.92% | 45.3B | |
| -.--% | 41.82B | |
| +8.47% | 42.7B |
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- Financials Drax Group plc
