DRX

Drax (DRX)

Company name:	Drax Group Plc
COD:	DRX	Trading Currency:	GBX
Market Sector:	F25F	ISIN:	GB00B1VNSX38
Market Segment:	STMM	Share Type:	DE
WWW Address:	www.draxgroup.plc.uk	Description:	ORD 11 16/29P
Industry Sector:	ELECTRICITY

Price	Variação [%]	Bid	Offer	Abertura	MAX	MIN	Volume
729.50	-4.0 [-0.55]	729.00	730.00	736.00	737.00	723.00	170,842
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52 Semanas
2,922.36	400.60	0.21	20.00	18.80	36.48	2.58	845.00 - 401.80

Drax Key Figures

Key Figures
(at previous day's close)
Market Cap.	2,922.36	m
Shares In Issue	400.60	m
Prev. Close	733.50
PE Ratio	36.48
Dividend Yield	2.58	%
EPS - basic	20.00	p
Dividend PS	18.80	p
Dividend Cover	1.06
Cash Flow PS	76.51	p
Return On Equity (ROE)	6.20	%
Operating Margin	3.80	%
PEG Factor	0.24
EPS Growth Rate	150.25	%
Dividends PS Growth Rate	9.94	%
Dívida Líquida	4,200.20	m
Gross Gearing	77.56	%
Quick Assets	988.00	m
Net Working Capital	-1,045.80	m
Intangibles / Fixed Assets	13.04	%
Turnover PS	1,291.54	p
Pre-Tax Profit PS	49.05	p
Retained Profit PS	2.20	p
Cash PS	79.23	p
Net Cash PS	-478.16	p
Net Tangible Asset Value PS *	169.85	p
Net Asset Value PS	326.21	p
Spread	1.00 (0.14%)
* Calculation based on Ordinary Capital figure as contained in last annual report, and the most recent shares in issue figure. Therefore the ratio might be exposed to inaccuracies.

Drax Balance Sheet

%1$s Balance Sheet

Share Price Performance

Share Price Performance
Sample Period ^†	MAX	MIN
1 Semana	754.00	658.00
4 Semanas	799.50	658.00
12 Semanas	799.50	592.50
1 Ano	845.00	401.80

Share Price Chart (5 years)

Drax Historic Returns

%1$s Historic Returns
Período ^†	Abertura	VAB	%	Abertura Média	Vol Diário Médio [m]	Volume [m]	VWAP
1 Semana	710.00	19.50	2.75	658.00	2.46		710.50
4 Semanas	737.50	-8.00	-1.08	658.00	1.54		742.85
12 Semanas	715.50	14.00	1.96	592.50	1.75		690.55
26 Semanas	632.00	97.50	15.43	575.00	1.73		712.86
1 Ano	429.60	299.90	69.81	401.80	1.60		629.12
3 Anos	269.00	460.50	171.19	118.90	1.36		432.61
5 Anos	319.40	410.10	128.40	118.90	1.35		396.76
† periods calculated are whole weeks rather than calendar months

Drax Key Management Ratios

DEEPER ANALYSIS

Drax Investment Ratios

%1$s Investment Ratios
(Market value analysis) at previous day's close
PQ Ratio	9.40
PE Ratio	36.48
Tobin's Q Ratio	0.58
Tobin's Q Ratio (excl. intangibles)	0.65
Dividend Yield	2.58	%
Market-to-Book Ratio	2.27
Price-to-Pre-Tax Profit PS	14.87
Price-to-Retained Profit PS	332.09
Price-to-Cash Flow PS	9.53
Price-to-Sales PS	0.56
Price-to-Net Tangible Asset Value PS	4.16
Price-to-Cash PS	9.21
Net Working Capital PS	-261.06
Price Pct to Working Capital PS	-2.79	%
Earnings Yield	2.74	%
Average PE	1,080.67
Years in average	3
PE to PE average	3.38	%

Drax Financial Ratios

%1$s Financial Ratios
(Leverage Ratios)
Debt Ratio	63.61	%
Debt-to-Equity Ratio	1.75
Debt-to-Equity Ratio (excl. Intgbl)	3.26
Debt-to-Equity Market Value	0.78
Net Gearing	72.11	%
Net Gearing (excl. Intangibles)	80.47	%
Gross Gearing	77.56	%
Gross Gearing (excl. Intangibles)	86.55	%
Gearing Under 1 Year	38.34	%
Gearing Under 1 Year (excl. Intgbl)	42.78	%
Assets/Equity	4.46
Cash/Equity	24.29
(Liquidity Ratios)
Net Working Capital to Total Assets	-17.96	%
Current Ratio	0.53
Quick Ratio (Acid Test)	0.44
Liquidity Ratio	0.14
Cash & Equiv/Current Assets	26.74	%
(Solvency Ratios)
Enterprise Value	4,911.16	m
CFO/Sales	0.06
CFO/Attributable Profit	3.85
CFO/Assets	0.05
CFO/Debt	0.07
Total Debt/Equity Market Value	1.55
Total Debt/Sales	0.87
Total Debt/Pre-Tax Profit	22.99
Total Debt	4,517.60	m
Total Debt/Net Current Assets	-4.32	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	484.80	%
5 yr Compound Earnings Growth	-	%
10 yr Compound Earnings Growth	-	%
Earn drops > 5% in 10yrs	9

Beta coefficients
Beta (60-Mnth)	Beta (36-Mnth)
0.2129	0.3270

Drax Operating Ratios

%1$s Operating Ratios
(Profitability Ratios)
Return On Capital Employed (ROCE)	5.47	%
Return On Assets (ROA)	1.59	%
Net Profit Margin	1.54	%
Assets Turnover	1.03
Return On Equity (ROE)	6.20	%
Return On Investment (ROI)	2.46	%
Dividend Payout Ratio	94.00	%
Plowback Ratio	6.00	%
Growth from Plowback Ratio	0.36	%
Net Income Of Revenues	0.17	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	3.94
Fixed Assets Turnover	1.39
Current Assets Turnover	4.06
Net Working Capital Turnover
Inventory Turnover	25.41
(Other Operating Ratios)
Total Assets-to-Sales	0.97
Debtors-to-Sales	14.80	%
Debt Collection Period	54.02	Dias

Drax Dividends

%1$s Dividends
Data	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
26 Jul 2022	Interim	GBX	8.40	31/12/2021	31/12/2022	25/08/2022	26/08/2022	07/10/2022	-
24 Fev 2022	Final	GBX	11.30	31/12/2020	31/12/2021	28/04/2022	29/04/2022	13/05/2022	18.80
29 Jul 2021	Interim	GBX	7.50	31/12/2020	31/12/2021	26/08/2021	27/08/2021	08/10/2021	-
25 Fev 2021	Final	GBX	10.30	31/12/2019	31/12/2020	22/04/2021	23/04/2021	14/05/2021	17.10
29 Jul 2020	Interim	GBX	6.80	31/12/2019	31/12/2020	20/08/2020	21/08/2020	02/10/2020	-
27 Fev 2020	Final	GBX	9.50	31/12/2018	31/12/2019	23/04/2020	24/04/2020	15/05/2020	15.90
24 Jul 2019	Interim	GBX	6.40	31/12/2018	31/12/2019	19/09/2019	20/09/2019	11/10/2019	-
26 Fev 2019	Final	GBX	8.50	31/12/2017	31/12/2018	18/04/2019	23/04/2019	10/05/2019	14.10
24 Jul 2018	Interim	GBX	5.60	31/12/2017	31/12/2018	20/09/2018	21/09/2018	12/10/2018	-
27 Fev 2018	Final	GBX	7.40	31/12/2016	31/12/2017	19/04/2018	20/04/2018	11/05/2018	12.30
19 Jul 2017	Interim	GBX	4.90	31/12/2016	31/12/2017	21/09/2017	22/09/2017	06/10/2017	-
16 Fev 2017	Final	GBX	0.40	31/12/2015	31/12/2016	20/04/2017	21/04/2017	12/05/2017	2.50
26 Jul 2016	Interim	GBX	2.10	31/12/2015	31/12/2016	22/09/2016	23/09/2016	07/10/2016	-
23 Fev 2016	Final	GBX	0.60	31/12/2014	31/12/2015	21/04/2016	22/04/2016	13/05/2016	5.70
28 Jul 2015	Interim	GBX	5.10	31/12/2014	31/12/2015	24/09/2015	25/09/2015	09/10/2015	-
24 Fev 2015	Final	GBX	7.20	31/12/2013	31/12/2014	23/04/2015	24/04/2015	15/05/2015	11.90
29 Jul 2014	Interim	GBX	4.70	31/12/2013	31/12/2014	24/09/2014	26/09/2014	10/10/2014	-
18 Fev 2014	Final	GBX	8.90	31/12/2012	31/12/2013	23/04/2014	25/04/2014	16/05/2014	17.60
30 Jul 2013	Interim	GBX	8.70	31/12/2012	31/12/2013	25/09/2013	27/09/2013	11/10/2013	-
19 Fev 2013	Final	GBX	10.90	31/12/2011	31/12/2012	24/04/2013	26/04/2013	17/05/2013	25.30
31 Jul 2012	Interim	GBX	14.40	31/12/2011	31/12/2012	26/09/2012	28/09/2012	12/10/2012	-
21 Fev 2012	Final	GBX	11.80	31/12/2010	31/12/2011	25/04/2012	27/04/2012	11/05/2012	27.80
02 Ago 2011	Interim	GBX	16.00	31/12/2010	31/12/2011	28/09/2011	30/09/2011	14/10/2011	-
22 Fev 2011	Final	GBX	17.90	31/12/2009	31/12/2010	27/04/2011	29/04/2011	13/05/2011	32.00
03 Ago 2010	Interim	GBX	14.10	31/12/2009	31/12/2010	29/09/2010	01/10/2010	15/10/2010	-
23 Fev 2010	Final	GBX	9.60	31/12/2008	31/12/2009	28/04/2010	30/04/2010	14/05/2010	13.70
03 Ago 2009	Interim	GBX	4.10	30/12/2008	30/06/2009	16/09/2009	18/09/2009	07/10/2009	-
03 Mar 2009	Final	GBX	38.30	31/12/2007	31/12/2008	06/05/2009	08/05/2009	22/05/2009	43.30
15 Ago 2008	Special	GBX	9.70	30/12/2007	30/06/2008	17/09/2008	19/09/2008	08/10/2008	-
05 Ago 2008	Interim	GBX	5.00	30/12/2007	30/06/2008	17/09/2008	19/09/2008	08/10/2008	-
04 Mar 2008	Final	GBX	9.90	31/12/2006	31/12/2007	16/04/2008	18/04/2008	07/05/2008	14.60
04 Mar 2008	Special	GBX	7.80	31/12/2006	31/12/2007	16/04/2008	18/04/2008	07/05/2008	-
08 Mar 2007	Final	GBX	9.10	31/12/2005	31/12/2006	25/04/2007	27/04/2007	16/05/2007	13.10
08 Mar 2007	Special	GBX	32.90	31/12/2005	31/12/2006	30/04/2007	02/05/2007	16/05/2007	-
14 Set 2006	Special	GBX	80.00	30/12/2005	30/06/2006	09/10/2006	11/10/2006	25/10/2006	-
12 Set 2006	Interim	GBX	4.00	30/12/2005	30/06/2006	04/10/2006	06/10/2006	25/10/2006	-

Drax Fundamentals

Profit and Loss Account
	31 Dez 2018 (GBP)		31 Dez 2019 (GBP)		31 Dez 2020 (GBP)		31 Dez 2021 (GBP)
turnover	4,237.30	100.00%	4,702.90	100.00%	4,235.00	100.00%	5,173.90	100.00%	m
pre tax profit	13.80	0.33%	-2.80	-0.06%	-234.70	-5.54%	196.50	3.80%	m
attributable profit	20.20	0.48%	0.50	0.01%	-157.90	-3.73%	79.70	1.54%	m
retained profit	-32.30	-0.76%	-58.40	-1.24%	-222.60	-5.26%	8.80	0.17%	m
eps - basic (p)	5.00		0.10		-39.80		20.00
eps - diluted (p)	4.90		0.10		-39.80		19.30
dividends per share	14.10		15.90		17.10		18.80

Drax Balance Sheet

Balance Sheet
	31 Dez 2018 (GBP)		31 Dez 2019 (GBP)		31 Dez 2020 (GBP)		31 Dez 2021 (GBP)


	31 Dez 2018 (GBP)		31 Dez 2019 (GBP)		31 Dez 2020 (GBP)		31 Dez 2021 (GBP)
ASSETS
fixed assets	2,292.30	50.60%	2,327.40	49.70%	1,941.10	46.29%	2,430.50	41.73%	m
intangibles	473.50	10.45%	486.50	10.39%	459.00	10.95%	604.90	10.39%	m
fixed investments	535.70	11.82%	518.70	11.08%	433.90	10.35%	1,601.90	27.50%	m
current assets - other	216.70	4.78%	-	-%	-	-%	-	-%	m
stocks	222.50	4.91%	292.00	6.24%	208.20	4.97%	199.10	3.42%	m
debtors	500.60	11.05%	654.10	13.97%	860.90	20.53%	670.60	11.51%	m
cash & securities	289.00	6.38%	404.10	8.63%	289.80	6.91%	317.40	5.45%	m

TOTAL	4,530.30	100%	4,682.80	100%	4,192.90	100%	5,824.40	100%	m

LIABILITIES
creditors - short	1,722.50	38.02%	1,299.80	27.76%	1,308.00	31.20%	2,232.90	38.34%	m
creditors - long	1,036.80	22.89%	1,667.40	35.61%	1,545.50	36.86%	2,284.70	39.23%	m
creditors - other	-	-%	-	-%	-	-%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	2,759.30	60.91%	2,967.20	63.36%	2,853.50	68.06%	4,517.60	77.56%	m

EQUITY
ord cap, reserves	1,771.00	39.09%	1,715.60	36.64%	1,339.40	31.94%	1,285.30	22.07%	m
prefs, minorities	-	-%	-	-%	-	-%	21.50	0.37%	m

TOTAL	1,771.00	39.09%	1,715.60	36.64%	1,339.40	31.94%	1,306.80	22.44%	m

OTHER
NAV Basic	-		-		-		-
NAV Diluted	-		-		-		-

Drax Cash Flow Statement

%1$s Cash Flow Statement
	31 Dez 2018 (GBP)	31 Dez 2019 (GBP)	31 Dez 2020 (GBP)	31 Dez 2021 (GBP)
Operating CF	311.10	413.40	306.20	306.50	m
Pre-Financing CF	177.60	-449.70	134.90	77.70	m
Retained CF	65.60	121.90	-24.91	27.30	m

Drax Brokers

%1$s Brokers
Name	Activity	Type	Mnemonic	Code
THE ROYAL BANK OF SCOT N.V.	Market Maker(MME)	Broker/Dealer	RBSM	ABNAGB22
Evolution Securities Limited	Market Maker(MME)	Broker/Dealer	EVO	EVBGGB21MMT
Winterflood Securities Ltd	Market Maker(MME)	Broker/Dealer	WINS	WNTSGB2LBIC