View Financial HealthDrax Group 配当と自社株買い配当金 基準チェック /36Drax Group配当を支払う会社であり、現在の利回りは3.42%です。主要情報3.4%配当利回り7.6%バイバック利回り総株主利回り11.0%将来の配当利回り4.4%配当成長13.8%次回配当支払日n/a配当落ち日n/a一株当たり配当金n/a配当性向140%最近の配当と自社株買いの更新お知らせ • Feb 26Drax Group plc Proposes Final Dividend for the Year Ended 31 December 2025, Payable on May 15, 2026Drax Group plc proposed final dividend of 17.4 pence for the year ended 31 December 2025, subject to approval at the 2026 Annual General Meeting, the final dividend will be paid on 15 May 2026. Ex-dividend date: 23 April 2026 and Record date: 24 April 2026.お知らせ • Jul 31Drax Group plc Expects to Propose A Dividend for the 2025 Financial Year, Payable on 24 October 2025Drax Group plc expects to propose a dividend for the 2025 financial year of 29.0 pence per ordinary share, an 11.5% increase (H1-24: 10.4 pence per share), consistent with policy to pay a dividend which is sustainable and expected to grow. As has been practice, 40% of the expected full year dividend, or 11.6 pence per ordinary share will be paid as an interim dividend. The interim dividend will be paid on 24 October 2025 with a record date of 26 September 2025.お知らせ • May 02Drax Group plc Approves the Final DividendDrax Group plc approved the final dividend of 15.6 pence per share, at the AGM held on 1 May 2025.お知らせ • Mar 01Drax Group plc Proposes Final Dividend for Year 2024, Payable on May 16, 2025Drax Group plc board proposes to pay a final dividend in respect of 2024 of £57 million, equivalent to 15.6 pence per share. This will make the full-year 2024 dividend £97 million (26.0 pence per share) (2023: £89 million, 23.1 pence per share). This represents a 12.6% increase on the dividend per share paid in respect of 2023. At the Annual General Meeting on 1 May 2025, the Board will seek shareholder approval to pay a final dividend for the year ended 31 December 2024 of 15.6 pence per share. If approved, the final dividend will be paid on 16 May 2025, with a record date of 25 April 2025.お知らせ • Jul 29Drax Group plc (LSE:DRX) announces an Equity Buyback for £300 million worth of its shares.Drax Group plc (LSE:DRX) announces a share repurchase program. Under the program, the company will repurchase up to £300 million worth of its shares. The program is valid for 2 yearsお知らせ • Apr 27Drax Group plc Approves the Final Dividend for the Year 2023Drax Group plc approved the final dividend of 13.9 pence per share for the year 2023.すべての更新を表示Recent updatesお知らせ • Apr 30Drax Group plc to Report First Half, 2026 Results on Jul 30, 2026Drax Group plc announced that they will report first half, 2026 results on Jul 30, 2026お知らせ • Apr 03Drax Group plc (LSE:DRX) acquired Flexitricity Limited from Quinbrook Infrastructure Partners Pty Ltd. for £42 million.Drax Group plc (LSE:DRX) has signed an agreement to acquire Flexitricity Limited from Quinbrook Infrastructure Partners Pty Ltd. for £42 million on January 21, 2026. The agreed sale price generates expected total sale proceeds of £42 million which represents an enterprise valuation of £36 million plus an estimated net working capital and cash adjustment of £6 million, which is subject to customary closing adjustments. Flexitricity today employs over 85 people across operations, technology, engineering, finance, sales and trading. Transaction is conditional on completion of regulatory approvals and processes. Completion is expected in Q1 2026. Jefferies International Limited acted as financial advisor for Quinbrook Infrastructure Partners Pty Ltd. DLA Piper Group acted as legal advisor for Quinbrook Infrastructure Partners Pty Ltd. Drax Group plc (LSE:DRX) completed the acquisition of Flexitricity Limited from Quinbrook Infrastructure Partners Pty Ltd. on April 1, 2026.お知らせ • Mar 25Drax Group plc, Annual General Meeting, Apr 30, 2026Drax Group plc, Annual General Meeting, Apr 30, 2026. Location: 200 aldersgate, st pauls, ec1a 4hd, london United Kingdomお知らせ • Mar 06Drax Group plc Announces CFO Changes, Effective March 5, 2026Drax Group plc announced that its Chief Financial Officer, Frank Lemmink, took a six-month leave of absence to support his recovery from a recent health issue, effective March 5, 2026. The Company's Board of Directors appointed Deputy Chief Financial Officer, Daniel Peacock, as interim Chief Financial Officer for the duration of Frank's leave. In this role, Daniel will report to Will Gardiner, Chief Executive Officer. Daniel is a Chartered Accountant and, prior to becoming Deputy Chief Financial Officer, was Director of Business Finance and FP&A since joining the Group in 2019.お知らせ • Mar 03Drax Group plc Announces Executive Changes, Effective March 2, 2026Drax Group Plc announced that Rebecca Dunn has been appointed Group Company Secretary with effect from 2 March 2026. Rebecca replaces Hillary Berger, Group General Counsel, who had held the position on an interim basis since December 2025. Further to the appointment of Mark Clare as a non-executive director on 13 February 2026, the Board is pleased to confirm that Mark has been appointed a member of the Nomination, Audit and Remuneration Committees with effect from 2 March 2026.お知らせ • Feb 26Drax Group plc Proposes Final Dividend for the Year Ended 31 December 2025, Payable on May 15, 2026Drax Group plc proposed final dividend of 17.4 pence for the year ended 31 December 2025, subject to approval at the 2026 Annual General Meeting, the final dividend will be paid on 15 May 2026. Ex-dividend date: 23 April 2026 and Record date: 24 April 2026.お知らせ • Feb 13+ 1 more updateWickes Group plc Announces That Mark Clare Has Been Appointed as A Non-Executive Director of Drax Group plc with Effect from 13 February 2026Wickes Group Plc announced that Mark Clare, Senior Independent Director of the Company, has been appointed as a Non-executive Director of Drax Group plc with effect from 13 February 2026.お知らせ • Jan 22Drax Group plc (LSE:DRX) has signed an agreement to acquire Flexitricity Limited from Quinbrook Infrastructure Partners Pty Ltd. for £42 million.Drax Group plc (LSE:DRX) has signed an agreement to acquire Flexitricity Limited from Quinbrook Infrastructure Partners Pty Ltd. for £42 million on January 21, 2026. The agreed sale price generates expected total sale proceeds of £42 million which represents an enterprise valuation of £36 million plus an estimated net working capital and cash adjustment of £6 million, which is subject to customary closing adjustments. Flexitricity today employs over 85 people across operations, technology, engineering, finance, sales and trading. Transaction is conditional on completion of regulatory approvals and processes. Completion is expected in Q1 2026. Jefferies International Limited acted as financial advisor for Quinbrook Infrastructure Partners Pty Ltd. DLA Piper Group acted as legal advisor for Quinbrook Infrastructure Partners Pty Ltd.お知らせ • Dec 11Drax Group plc to Report Fiscal Year 2025 Results on Feb 26, 2026Drax Group plc announced that they will report fiscal year 2025 results on Feb 26, 2026お知らせ • Jul 31Drax Group plc Expects to Propose A Dividend for the 2025 Financial Year, Payable on 24 October 2025Drax Group plc expects to propose a dividend for the 2025 financial year of 29.0 pence per ordinary share, an 11.5% increase (H1-24: 10.4 pence per share), consistent with policy to pay a dividend which is sustainable and expected to grow. As has been practice, 40% of the expected full year dividend, or 11.6 pence per ordinary share will be paid as an interim dividend. The interim dividend will be paid on 24 October 2025 with a record date of 26 September 2025.お知らせ • Jul 02+ 1 more updateDrax Group plc Appoints Frank Lemmink as Chief Financial Officer, Effective 1 September 2025The Board of Drax Group plc announced agreement has been reached for the appointment of Frank Lemmink as Chief Financial Officer (CFO) and as an executive director of the Company. Frank will join the Board and commence his employment with effect from 1 September 2025. Frank succeeds Andy Skelton, who, as previously announced in December 2024, will be retiring from the Board and from his role as CFO. With the appointment of Frank, Andy will step down from his role as a director of the Company on 1 September 2025 but will continue to support the Company in the succession process, until 4 December 2025. Frank has held senior finance and risk management leadership roles over a 20-year international career with Shell, a global integrated energy company. Since 2023 Frank has been Executive Vice President, Finance of Shell's flagship Integrated Gas and Upstream business responsible for business performance as well as the development of clear strategies for long-term, sustainable growth and performance. Frank's previous experience within Shell includes renewables and energy solutions, M&A, audit, as well as projects and technology. In addition, Frank has led on portfolio & risk management, and capital allocation as Chair of Shell's Capital Investment Forum for Integrated Gas and Upstream. Prior to Shell Frank was a civil servant at the Ministry of Finance in The Netherlands from 1993 to 2003.お知らせ • May 02Drax Group plc Approves the Final DividendDrax Group plc approved the final dividend of 15.6 pence per share, at the AGM held on 1 May 2025.お知らせ • Mar 26Drax Group plc (LSE:DRX) reached an agreement to acquire Harmony Energy Income Trust Plc (LSE:HEIT) for £200 million.Drax Group plc (LSE:DRX) reached an agreement to acquire Harmony Energy Income Trust Plc (LSE:HEIT) for £200 million on March 25, 2025. A cash consideration valued at £0.88 per share will be paid by Drax Group plc. The conditions outlined for the Scheme and Acquisition are comprehensive and cover various aspects necessary for the successful completion of the transaction. Here's a summary of the key conditions, The acquisition is contingent upon the Scheme becoming unconditional and effective, subject to approval by HEIT Shareholders and the Court. The Consideration will be funded from existing cash on the balance sheet and does not impact Drax's ongoing £300 million share buyback programme announced on July 26, 2024, nor its planned dividend. It was in this context, and in order to explore opportunities to maximize value to HEIT Shareholders, that the HEIT Board engaged Jones Lang LaSalle in May 2024 with a mandate to seek offers for some or all of the HEIT portfolio. The aim of this process was to demonstrate to the market the true value of the HEIT portfolio and the continuing disconnect with the share price. At the time, HEIT Shares were trading at an approximately 50 per cent. discount to the published adjusted Net Asset Value per HEIT Share. The Scheme requires approval by a majority of HEIT Shareholders, representing at least 75% of the value of shares voted at the Court Meeting and General Meeting. The acquisition may require notification and approval by the Secretary of State under the NSI Act, and all necessary regulatory approvals must be obtained. The transaction is Subject to the satisfaction waiver of the Conditions, the Acquisition is expected to become Effective around the end of Q2 2025. Chris Clarke, Darren Vickers, Will King of Panmure Liberum Capital Limited acted as financial advisor for Harmony Energy Income Trust Plc. Robert Constant, James Robinson, Alia Malik, Rupert Budge of J.P. Morgan Securities plc acted as financial advisor for Drax Group plc. Pinsent Masons act as legal advisor for Drax Group plc, Gowling WLG (UK) LLP act as legal advisor for Harmony Energy Income Trust Plc, Computershare Investor Services PLC act as registrar for Harmony Energy Income Trust Plc.お知らせ • Mar 01Drax Group plc Proposes Final Dividend for Year 2024, Payable on May 16, 2025Drax Group plc board proposes to pay a final dividend in respect of 2024 of £57 million, equivalent to 15.6 pence per share. This will make the full-year 2024 dividend £97 million (26.0 pence per share) (2023: £89 million, 23.1 pence per share). This represents a 12.6% increase on the dividend per share paid in respect of 2023. At the Annual General Meeting on 1 May 2025, the Board will seek shareholder approval to pay a final dividend for the year ended 31 December 2024 of 15.6 pence per share. If approved, the final dividend will be paid on 16 May 2025, with a record date of 25 April 2025.お知らせ • Feb 28+ 1 more updateDrax Group plc, Annual General Meeting, May 01, 2025Drax Group plc, Annual General Meeting, May 01, 2025.お知らせ • Dec 04+ 1 more updateDrax Group plc Announces Retirement of Andy Skelton as Chief Financial OfficerDrax announced that Andy Skelton has informed the Company of his intention to retire from his role as Chief Financial Officer. Andy will remain as a director of the Company and as CFO until a successor is in place. A recruitment process to identify Andy's successor will commence and further announcements will be made in due course.お知らせ • Nov 12Drax Group plc to Report Fiscal Year 2024 Results on Feb 27, 2025Drax Group plc announced that they will report fiscal year 2024 results on Feb 27, 2025お知らせ • Jul 29Drax Group plc (LSE:DRX) announces an Equity Buyback for £300 million worth of its shares.Drax Group plc (LSE:DRX) announces a share repurchase program. Under the program, the company will repurchase up to £300 million worth of its shares. The program is valid for 2 yearsお知らせ • Jun 13Drax Group plc Announces Appointment of Rob Shuter as Non-Executive Director and Audit Committee ChairDrax Group plc announced the appointment of Rob Shuter as a non-executive director and Audit Committee Chair, effective from June 11, 2024. Rob brings a wealth of complex financial, regulatory and strategic experience gained from over 30 years in the telecommunications and financial services sectors. Rob served on the BT Group plc executive committee as the divisional CEO of BT Enterprise between 2021 and January 2023, prior to which he served for 3 years as Group President and CEO of MTN Group Ltd. Rob also held a number of senior executive positions within the Vodafone Group between 2009 and 2016 including most recently as Chief Executive Officer, European Cluster in addition to serving between 2009 and 2011 as Chief Financial Officer of Vodacom Group Ltd. Rob worked in the financial services sector between 1992 and 2009 which included executive positions in retail banking at Nedbank Group Ltd. and investment banking at Standard Bank Group Ltd. More recently he served as Non-Executive Director and Chair of the Audit and Risk Committee for The GSM Association. Rob Shuter is a dual national of Britain and South Africa and qualified as a Chartered Accountant (South Africa) whilst working at Deloitte & Touche LLP. As previously announced, Vanessa Simms a non-executive director and the Chair of the Audit Committee will be standing down from Drax on June 18, 2024 after six years on the Board. Mr. Shuter was also formerly an executive director at: MTN Group Ltd, between March 2017 and September 2020; MTN Nigeria communications plc between March 2017 and September 2020.お知らせ • Apr 27Drax Group plc Approves the Final Dividend for the Year 2023Drax Group plc approved the final dividend of 13.9 pence per share for the year 2023.Upcoming Dividend • Apr 11Upcoming dividend of UK£0.14 per shareEligible shareholders must have bought the stock before 18 April 2024. Payment date: 17 May 2024. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 4.6%. Lower than top quartile of British dividend payers (6.0%). Higher than average of industry peers (3.6%).Declared Dividend • Mar 03Final dividend increased to UK£0.14Dividend of UK£0.14 is 10% higher than last year. Ex-date: 18th April 2024 Payment date: 17th May 2024 Dividend yield will be 4.9%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by both earnings (16% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 1.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 40% over the next 3 years. However, it would need to fall by 82% to increase the payout ratio to a potentially unsustainable range.Reported Earnings • Mar 01Full year 2023 earnings released: EPS: UK£1.43 (vs UK£0.21 in FY 2022)Full year 2023 results: EPS: UK£1.43 (up from UK£0.21 in FY 2022). Revenue: UK£8.13b (up 4.5% from FY 2022). Net income: UK£562.2m (up UK£477.1m from FY 2022). Profit margin: 6.9% (up from 1.1% in FY 2022). The increase in margin was primarily driven by higher revenue. Revenue is expected to decline by 3.1% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in Europe are expected to grow by 6.3%. Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 29+ 1 more updateDrax Group plc Recommends Final Dividend for the Year Ended 31 December 2023, Payable on 17 May 2024Drax Group plc announced that at its Annual General Meeting to be held on 25 April 2024, the board will recommend to shareholders a resolution to pay a final dividend for the year ended 31 December 2023 of 13.9 pence per share. If approved, the final dividend will be paid on 17 May 2024, with a record date of 19 April 2024.Buy Or Sell Opportunity • Feb 09Now 20% undervaluedOver the last 90 days, the stock has risen 7.3% to UK£4.52. The fair value is estimated to be UK£5.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 2.0% per annum. Earnings are forecast to grow by 7.2% per annum over the same time period.お知らせ • Dec 06Drax Group plc to Report Fiscal Year 2023 Results on Feb 29, 2024Drax Group plc announced that they will report fiscal year 2023 results on Feb 29, 2024Buying Opportunity • Oct 11Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 27%. The fair value is estimated to be UK£5.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 4.3% per annum. Earnings is also forecast to decline by 0.1% per annum over the same time period.New Risk • Sep 28New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. Minor Risks High level of debt (76% net debt to equity). Dividend is not well covered by cash flows (120% cash payout ratio). Profit margins are more than 30% lower than last year (2.2% net profit margin). Significant insider selling over the past 3 months (UK£537k sold).Buying Opportunity • Sep 26Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 21%. The fair value is estimated to be UK£5.52, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 4.3% per annum. Earnings is forecast to grow by 1.5% per annum over the same time period.お知らせ • Sep 06Drax Group Appoints Miguel Veiga-Pestana as Chief Sustainability OfficerDrax Group appointed Miguel Veiga-Pestana as Chief Sustainability Officer. Miguel is a seasoned leader of strategic sustainability and reputation building functions and he will use his extensive experience in major global corporations and 'not-for-profit' organizations to support Drax in delivering its purpose, strategic aims and ambition. Prior to coming to Drax, Miguel most recently held the Executive Committee role of Chief Sustainability Officer and Head of Corporate Affairs at the British multinational consumer goods company, Reckitt Benckiser. He has also been Chief Communications Officer at the Executive Leadership level for the Bill and Melinda Gates Foundation, the world's largest philanthropic organisation, and worked for 11 years at Unilever where he was Vice President of Global External Affairs and Sustainability.Recent Insider Transactions • Sep 01Managing Director of Customers recently sold UK£438k worth of stockOn the 30th of August, Paul Sheffield sold around 80k shares on-market at roughly UK£5.49 per share. This transaction amounted to 83% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of UK£748k more than they bought in the last 12 months.お知らせ • Sep 01Drax Group Appoints Andrea Bertone to Board of DirectorsDrax Group appointed Andrea Bertone as a non-executive director and Chair Designate of Drax. Bertone is the former President of Duke Energy Corporation's international division (DEI) where she spent 15 years in leadership roles, including seven years as President of DEI with executive responsibility for a portfolio of 4,400MW of hydro and thermal assets. The appointment is in anticipation of the conclusion of Philip Cox's successful nine-year tenure as a non-executive director during which he made a significant contribution to Drax's growth and success. Cox will step down as Chair and a non-executive director on December 31, 2023, and the Board expresses their sincere gratitude for Cox's valuable service. Bertone will assume the position of Chair effective January 1, 2024. The appointment of Bertone in the role of Chair Designate allows for a managed handover from Cox prior to her assuming the position. Prior to serving as President, Bertone held senior legal positions between 2001 and 2009 at DEI, including as associate General Counsel from 2003 to 2009, as part of which she oversaw legal and regulatory matters for the Group's business in Latin America. Bertone left Duke in 2016. Prior to Duke, Bertone's roles included Latin America counsel with Baker McKenzie. Bertone currently serves as a non-executive director of several companies each of which is publicly listed and operating in diverse sectors, spanning packaging manufacturing, energy and waste management.お知らせ • Aug 24Drax Group plc Announces Board ChangesDrax Group plc announced the appointment of Andrea Bertone as a non-executive director and Chair Designate of the Company, effective from 24 August 2023. The appointment is in anticipation of the conclusion of Philip Cox's successful nine-year tenure as a non-executive director during which he made a significant contribution to the Company's growth and success. Mr. Cox will step down as Chair and a non-executive director on 31 December 2023, and the Board expresses their sincere gratitude for Mr. Cox's valuable service. Ms Bertone will assume the position of Chair effective 1 January 2024. The appointment of Ms Bertone in the role of Chair Designate allows for a managed handover from Mr. Cox prior to Ms Bertone assuming the position of Chair. Ms Bertone is the former President of Duke Energy Corporation's ("Duke") international division ("DEI"). Ms Bertone spent 15 years at Duke, including seven years as President of DEI with executive responsibility for a portfolio of c.4,400MW of hydro and thermal assets.Prior to serving as President, Ms Bertone held senior legal positions between 2001 and 2009 at DEI, including as associate General Counsel from 2003 to 2009, as part of which she oversaw legal and regulatory matters for the Group's business in Latin America. Ms Bertone left Duke in 2016. Prior to Duke, Ms Bertone's roles included Latin America counsel with Baker McKenzie. Ms Bertone has current experience in serving as a non-executive director of several companies each of which is publicly listed and operating in diverse sectors, spanning packaging manufacturing, energy and waste management. Ms Bertone who is resident in Houston, Texas, earned a Bachelor of Law from the University of Sao Paulo Law School in Brazil and a Master of Law in International and Comparative Law from Chicago-Kent College of Law at the Illinois Institute of Technology. Ms Bertone is a member of the Brazilian Bar Association.Upcoming Dividend • Aug 17Upcoming dividend of UK£0.092 per share at 3.8% yieldEligible shareholders must have bought the stock before 24 August 2023. Payment date: 06 October 2023. Payout ratio is a comfortable 47% but the company is paying out more than the cash it is generating. Trailing yield: 3.8%. Lower than top quartile of British dividend payers (6.1%). Higher than average of industry peers (2.9%).New Risk • Jul 29New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.2% Last year net profit margin: 3.3% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks High level of debt (76% net debt to equity). Dividend is not well covered by cash flows (117% cash payout ratio). Profit margins are more than 30% lower than last year (2.2% net profit margin).Reported Earnings • Jul 28First half 2023 earnings released: EPS: UK£0.62 (vs UK£0.37 in 1H 2022)First half 2023 results: EPS: UK£0.62 (up from UK£0.37 in 1H 2022). Revenue: UK£4.09b (up 15% from 1H 2022). Net income: UK£248.1m (up 67% from 1H 2022). Profit margin: 6.1% (up from 4.2% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is expected to fall by 3.0% p.a. on average during the next 3 years compared to a 8.5% decline forecast for the Renewable Energy industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth.お知らせ • Jul 28Drax Group plc Resolves to Pay an Interim Dividend for the Six Months Ended 30 June 2023, Payable on 6 October 2023On 26 July 2023, the Board of Drax Group plc resolved to pay an interim dividend for the six months ended 30 June 2023 of 9.2 pence per share (£36 million), representing 40% of the expected full year dividend. The interim dividend will be paid on 6 October 2023 with a record date of 25 August 2023.お知らせ • Jun 29Drax Group plc to Report First Half, 2023 Results on Jul 27, 2023Drax Group plc announced that they will report first half, 2023 results on Jul 27, 2023Upcoming Dividend • Apr 13Upcoming dividend of UK£0.13 per share at 3.3% yieldEligible shareholders must have bought the stock before 20 April 2023. Payment date: 19 May 2023. Payout ratio is on the higher end at 99%, and the cash payout ratio is above 100%. Trailing yield: 3.3%. Lower than top quartile of British dividend payers (5.9%). Higher than average of industry peers (2.4%).Recent Insider Transactions • Apr 03Group CEO & Executive Director recently sold UK£234k worth of stockOn the 30th of March, Dwight Daniel Gardiner sold around 44k shares on-market at roughly UK£5.29 per share. This transaction amounted to 5.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Dwight Daniel has been a net seller over the last 12 months, reducing personal holdings by UK£476k.Recent Insider Transactions • Feb 26CFO & Director recently bought UK£125k worth of stockOn the 23rd of February, Andy Skelton bought around 19k shares on-market at roughly UK£6.42 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Andy's only on-market trade for the last 12 months.Reported Earnings • Feb 25Full year 2022 earnings released: EPS: UK£0.21 (vs UK£0.14 in FY 2021)Full year 2022 results: EPS: UK£0.21 (up from UK£0.14 in FY 2021). Revenue: UK£7.78b (up 53% from FY 2021). Net income: UK£85.1m (up 53% from FY 2021). Profit margin: 1.1% (in line with FY 2021). Revenue is expected to fall by 8.2% p.a. on average during the next 3 years compared to a 8.3% decline forecast for the Renewable Energy industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth.お知らせ • Dec 15Drax Group plc to Report Fiscal Year 2022 Results on Feb 23, 2023Drax Group plc announced that they will report fiscal year 2022 results on Feb 23, 2023Valuation Update With 7 Day Price Move • Sep 13Investor sentiment improved over the past weekAfter last week's 16% share price gain to UK£7.56, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 22x in the Renewable Energy industry in Europe. Total returns to shareholders of 201% over the past three years.Upcoming Dividend • Aug 18Upcoming dividend of UK£0.084 per shareEligible shareholders must have bought the stock before 25 August 2022. Payment date: 07 October 2022. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of British dividend payers (5.2%). Lower than average of industry peers (3.5%).Reported Earnings • Jul 27First half 2022 earnings releasedFirst half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (up UK£6.10m from 1H 2021). Profit margin: (up from net loss in 1H 2021). Over the next year, revenue is expected to shrink by 5.3% compared to a 2,755% growth forecast for the industry in the United Kingdom.Valuation Update With 7 Day Price Move • May 28Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to UK£6.59, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 24x in the Renewable Energy industry in Europe. Total returns to shareholders of 159% over the past three years.Recent Insider Transactions • May 10Group CEO & Executive Director recently sold UK£243k worth of stockOn the 3rd of May, Dwight Daniel Gardiner sold around 30k shares on-market at roughly UK£8.09 per share. This was the largest sale by an insider in the last 3 months. Dwight Daniel has been a seller over the last 12 months, reducing personal holdings by UK£342k.Upcoming Dividend • Apr 21Upcoming dividend of UK£0.11 per shareEligible shareholders must have bought the stock before 28 April 2022. Payment date: 13 May 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.3%. Lower than top quartile of British dividend payers (4.6%). Lower than average of industry peers (3.3%).Reported Earnings • Feb 25Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: UK£0.14 (up from UK£0.49 loss in FY 2020). Revenue: UK£5.09b (up 20% from FY 2020). Net income: UK£55.6m (up UK£250.2m from FY 2020). Profit margin: 1.1% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 9.0%. Over the next year, revenue is forecast to grow 43%, compared to a 43% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.Recent Insider Transactions • Dec 23Group CEO & Executive Director recently sold UK£99k worth of stockOn the 22nd of December, Dwight Daniel Gardiner sold around 17k shares on-market at roughly UK£5.95 per share. This was the largest sale by an insider in the last 3 months. Dwight Daniel has been a seller over the last 12 months, reducing personal holdings by UK£514k.Board Change • Oct 23Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Senior Independent Non-Executive Director David Nussbaum was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Upcoming Dividend • Aug 19Upcoming dividend of UK£0.075 per shareEligible shareholders must have bought the stock before 26 August 2021. Payment date: 08 October 2021. Trailing yield: 4.1%. Within top quartile of British dividend payers (3.8%). Higher than average of industry peers (2.3%).Upcoming Dividend • Apr 15Upcoming dividend of UK£0.10 per shareEligible shareholders must have bought the stock before 22 April 2021. Payment date: 14 May 2021. Trailing yield: 4.1%. Lower than top quartile of British dividend payers (4.2%). Higher than average of industry peers (2.3%).Is New 90 Day High Low • Mar 15New 90-day high: UK£4.06The company is up 21% from a price of UK£3.36 on 15 December 2020. Outperformed the British market which is up 5.0% over the last 90 days. Exceeded the Renewable Energy industry, which is up 7.0% over the same period.Recent Insider Transactions • Mar 11Group CEO & Executive Director recently sold UK£415k worth of stockOn the 8th of March, Dwight Daniel Gardiner sold around 114k shares on-market at roughly UK£3.66 per share. This was the largest sale by an insider in the last 3 months. Dwight Daniel has been a seller over the last 12 months, reducing personal holdings by UK£117k.Analyst Estimate Surprise Post Earnings • Feb 26Revenue misses expectationsRevenue missed analyst estimates by 5.0%. Over the next year, revenue is forecast to grow 1.4%, compared to a 119% growth forecast for the Renewable Energy industry in the United Kingdom.Is New 90 Day High Low • Feb 11New 90-day high: UK£4.02The company is up 25% from its price of UK£3.20 on 12 November 2020. The British market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£21.22 per share.Is New 90 Day High Low • Dec 24New 90-day high: UK£3.67The company is up 44% from its price of UK£2.54 on 24 September 2020. The British market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£18.53 per share.Is New 90 Day High Low • Dec 03New 90-day high: UK£3.42The company is up 29% from its price of UK£2.64 on 04 September 2020. The British market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£11.43 per share.決済の安定と成長配当データの取得安定した配当: DRXLの配当金支払いは、過去10年間 変動性 が高かった。増加する配当: DRXLの配当金は過去10年間にわたって増加しています。配当利回り対市場Drax Group 配当利回り対市場DRXL 配当利回りは市場と比べてどうか？セグメント配当利回り会社 (DRXL)3.4%市場下位25% (GB)2.2%市場トップ25% (GB)5.6%業界平均 (Renewable Energy)2.2%アナリスト予想 (DRXL) (最長3年)4.4%注目すべき配当: DRXLの配当金 ( 3.42% ) はUK市場の配当金支払者の下位 25% ( 2.23% ) よりも高くなっています。高配当: DRXLの配当金 ( 3.42% ) はUK市場の配当金支払者の上位 25% ( 5.64% ) と比較すると低いです。株主への利益配当収益カバレッジ: DRXLは高い 配当性向 ( 140.2% ) のため、配当金の支払いは利益によって十分にカバーされていません。株主配当金キャッシュフローカバレッジ: DRXLは低い 現金配当性向 ( 18.9% ) であるため、配当金の支払いはキャッシュフローによって十分にカバーされています。高配当企業の発掘7D1Y7D1Y7D1YGB 市場の強力な配当支払い企業。View Management企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/22 16:35終値2026/05/22 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Drax Group plc 9 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。27 アナリスト機関Mark HivesBarclaysDominic NashBarclaysDominic NashBarclays24 その他のアナリストを表示
お知らせ • Feb 26Drax Group plc Proposes Final Dividend for the Year Ended 31 December 2025, Payable on May 15, 2026Drax Group plc proposed final dividend of 17.4 pence for the year ended 31 December 2025, subject to approval at the 2026 Annual General Meeting, the final dividend will be paid on 15 May 2026. Ex-dividend date: 23 April 2026 and Record date: 24 April 2026.
お知らせ • Jul 31Drax Group plc Expects to Propose A Dividend for the 2025 Financial Year, Payable on 24 October 2025Drax Group plc expects to propose a dividend for the 2025 financial year of 29.0 pence per ordinary share, an 11.5% increase (H1-24: 10.4 pence per share), consistent with policy to pay a dividend which is sustainable and expected to grow. As has been practice, 40% of the expected full year dividend, or 11.6 pence per ordinary share will be paid as an interim dividend. The interim dividend will be paid on 24 October 2025 with a record date of 26 September 2025.
お知らせ • May 02Drax Group plc Approves the Final DividendDrax Group plc approved the final dividend of 15.6 pence per share, at the AGM held on 1 May 2025.
お知らせ • Mar 01Drax Group plc Proposes Final Dividend for Year 2024, Payable on May 16, 2025Drax Group plc board proposes to pay a final dividend in respect of 2024 of £57 million, equivalent to 15.6 pence per share. This will make the full-year 2024 dividend £97 million (26.0 pence per share) (2023: £89 million, 23.1 pence per share). This represents a 12.6% increase on the dividend per share paid in respect of 2023. At the Annual General Meeting on 1 May 2025, the Board will seek shareholder approval to pay a final dividend for the year ended 31 December 2024 of 15.6 pence per share. If approved, the final dividend will be paid on 16 May 2025, with a record date of 25 April 2025.
お知らせ • Jul 29Drax Group plc (LSE:DRX) announces an Equity Buyback for £300 million worth of its shares.Drax Group plc (LSE:DRX) announces a share repurchase program. Under the program, the company will repurchase up to £300 million worth of its shares. The program is valid for 2 years
お知らせ • Apr 27Drax Group plc Approves the Final Dividend for the Year 2023Drax Group plc approved the final dividend of 13.9 pence per share for the year 2023.
お知らせ • Apr 30Drax Group plc to Report First Half, 2026 Results on Jul 30, 2026Drax Group plc announced that they will report first half, 2026 results on Jul 30, 2026
お知らせ • Apr 03Drax Group plc (LSE:DRX) acquired Flexitricity Limited from Quinbrook Infrastructure Partners Pty Ltd. for £42 million.Drax Group plc (LSE:DRX) has signed an agreement to acquire Flexitricity Limited from Quinbrook Infrastructure Partners Pty Ltd. for £42 million on January 21, 2026. The agreed sale price generates expected total sale proceeds of £42 million which represents an enterprise valuation of £36 million plus an estimated net working capital and cash adjustment of £6 million, which is subject to customary closing adjustments. Flexitricity today employs over 85 people across operations, technology, engineering, finance, sales and trading. Transaction is conditional on completion of regulatory approvals and processes. Completion is expected in Q1 2026. Jefferies International Limited acted as financial advisor for Quinbrook Infrastructure Partners Pty Ltd. DLA Piper Group acted as legal advisor for Quinbrook Infrastructure Partners Pty Ltd. Drax Group plc (LSE:DRX) completed the acquisition of Flexitricity Limited from Quinbrook Infrastructure Partners Pty Ltd. on April 1, 2026.
お知らせ • Mar 25Drax Group plc, Annual General Meeting, Apr 30, 2026Drax Group plc, Annual General Meeting, Apr 30, 2026. Location: 200 aldersgate, st pauls, ec1a 4hd, london United Kingdom
お知らせ • Mar 06Drax Group plc Announces CFO Changes, Effective March 5, 2026Drax Group plc announced that its Chief Financial Officer, Frank Lemmink, took a six-month leave of absence to support his recovery from a recent health issue, effective March 5, 2026. The Company's Board of Directors appointed Deputy Chief Financial Officer, Daniel Peacock, as interim Chief Financial Officer for the duration of Frank's leave. In this role, Daniel will report to Will Gardiner, Chief Executive Officer. Daniel is a Chartered Accountant and, prior to becoming Deputy Chief Financial Officer, was Director of Business Finance and FP&A since joining the Group in 2019.
お知らせ • Mar 03Drax Group plc Announces Executive Changes, Effective March 2, 2026Drax Group Plc announced that Rebecca Dunn has been appointed Group Company Secretary with effect from 2 March 2026. Rebecca replaces Hillary Berger, Group General Counsel, who had held the position on an interim basis since December 2025. Further to the appointment of Mark Clare as a non-executive director on 13 February 2026, the Board is pleased to confirm that Mark has been appointed a member of the Nomination, Audit and Remuneration Committees with effect from 2 March 2026.
お知らせ • Feb 26Drax Group plc Proposes Final Dividend for the Year Ended 31 December 2025, Payable on May 15, 2026Drax Group plc proposed final dividend of 17.4 pence for the year ended 31 December 2025, subject to approval at the 2026 Annual General Meeting, the final dividend will be paid on 15 May 2026. Ex-dividend date: 23 April 2026 and Record date: 24 April 2026.
お知らせ • Feb 13+ 1 more updateWickes Group plc Announces That Mark Clare Has Been Appointed as A Non-Executive Director of Drax Group plc with Effect from 13 February 2026Wickes Group Plc announced that Mark Clare, Senior Independent Director of the Company, has been appointed as a Non-executive Director of Drax Group plc with effect from 13 February 2026.
お知らせ • Jan 22Drax Group plc (LSE:DRX) has signed an agreement to acquire Flexitricity Limited from Quinbrook Infrastructure Partners Pty Ltd. for £42 million.Drax Group plc (LSE:DRX) has signed an agreement to acquire Flexitricity Limited from Quinbrook Infrastructure Partners Pty Ltd. for £42 million on January 21, 2026. The agreed sale price generates expected total sale proceeds of £42 million which represents an enterprise valuation of £36 million plus an estimated net working capital and cash adjustment of £6 million, which is subject to customary closing adjustments. Flexitricity today employs over 85 people across operations, technology, engineering, finance, sales and trading. Transaction is conditional on completion of regulatory approvals and processes. Completion is expected in Q1 2026. Jefferies International Limited acted as financial advisor for Quinbrook Infrastructure Partners Pty Ltd. DLA Piper Group acted as legal advisor for Quinbrook Infrastructure Partners Pty Ltd.
お知らせ • Dec 11Drax Group plc to Report Fiscal Year 2025 Results on Feb 26, 2026Drax Group plc announced that they will report fiscal year 2025 results on Feb 26, 2026
お知らせ • Jul 31Drax Group plc Expects to Propose A Dividend for the 2025 Financial Year, Payable on 24 October 2025Drax Group plc expects to propose a dividend for the 2025 financial year of 29.0 pence per ordinary share, an 11.5% increase (H1-24: 10.4 pence per share), consistent with policy to pay a dividend which is sustainable and expected to grow. As has been practice, 40% of the expected full year dividend, or 11.6 pence per ordinary share will be paid as an interim dividend. The interim dividend will be paid on 24 October 2025 with a record date of 26 September 2025.
お知らせ • Jul 02+ 1 more updateDrax Group plc Appoints Frank Lemmink as Chief Financial Officer, Effective 1 September 2025The Board of Drax Group plc announced agreement has been reached for the appointment of Frank Lemmink as Chief Financial Officer (CFO) and as an executive director of the Company. Frank will join the Board and commence his employment with effect from 1 September 2025. Frank succeeds Andy Skelton, who, as previously announced in December 2024, will be retiring from the Board and from his role as CFO. With the appointment of Frank, Andy will step down from his role as a director of the Company on 1 September 2025 but will continue to support the Company in the succession process, until 4 December 2025. Frank has held senior finance and risk management leadership roles over a 20-year international career with Shell, a global integrated energy company. Since 2023 Frank has been Executive Vice President, Finance of Shell's flagship Integrated Gas and Upstream business responsible for business performance as well as the development of clear strategies for long-term, sustainable growth and performance. Frank's previous experience within Shell includes renewables and energy solutions, M&A, audit, as well as projects and technology. In addition, Frank has led on portfolio & risk management, and capital allocation as Chair of Shell's Capital Investment Forum for Integrated Gas and Upstream. Prior to Shell Frank was a civil servant at the Ministry of Finance in The Netherlands from 1993 to 2003.
お知らせ • May 02Drax Group plc Approves the Final DividendDrax Group plc approved the final dividend of 15.6 pence per share, at the AGM held on 1 May 2025.
お知らせ • Mar 26Drax Group plc (LSE:DRX) reached an agreement to acquire Harmony Energy Income Trust Plc (LSE:HEIT) for £200 million.Drax Group plc (LSE:DRX) reached an agreement to acquire Harmony Energy Income Trust Plc (LSE:HEIT) for £200 million on March 25, 2025. A cash consideration valued at £0.88 per share will be paid by Drax Group plc. The conditions outlined for the Scheme and Acquisition are comprehensive and cover various aspects necessary for the successful completion of the transaction. Here's a summary of the key conditions, The acquisition is contingent upon the Scheme becoming unconditional and effective, subject to approval by HEIT Shareholders and the Court. The Consideration will be funded from existing cash on the balance sheet and does not impact Drax's ongoing £300 million share buyback programme announced on July 26, 2024, nor its planned dividend. It was in this context, and in order to explore opportunities to maximize value to HEIT Shareholders, that the HEIT Board engaged Jones Lang LaSalle in May 2024 with a mandate to seek offers for some or all of the HEIT portfolio. The aim of this process was to demonstrate to the market the true value of the HEIT portfolio and the continuing disconnect with the share price. At the time, HEIT Shares were trading at an approximately 50 per cent. discount to the published adjusted Net Asset Value per HEIT Share. The Scheme requires approval by a majority of HEIT Shareholders, representing at least 75% of the value of shares voted at the Court Meeting and General Meeting. The acquisition may require notification and approval by the Secretary of State under the NSI Act, and all necessary regulatory approvals must be obtained. The transaction is Subject to the satisfaction waiver of the Conditions, the Acquisition is expected to become Effective around the end of Q2 2025. Chris Clarke, Darren Vickers, Will King of Panmure Liberum Capital Limited acted as financial advisor for Harmony Energy Income Trust Plc. Robert Constant, James Robinson, Alia Malik, Rupert Budge of J.P. Morgan Securities plc acted as financial advisor for Drax Group plc. Pinsent Masons act as legal advisor for Drax Group plc, Gowling WLG (UK) LLP act as legal advisor for Harmony Energy Income Trust Plc, Computershare Investor Services PLC act as registrar for Harmony Energy Income Trust Plc.
お知らせ • Mar 01Drax Group plc Proposes Final Dividend for Year 2024, Payable on May 16, 2025Drax Group plc board proposes to pay a final dividend in respect of 2024 of £57 million, equivalent to 15.6 pence per share. This will make the full-year 2024 dividend £97 million (26.0 pence per share) (2023: £89 million, 23.1 pence per share). This represents a 12.6% increase on the dividend per share paid in respect of 2023. At the Annual General Meeting on 1 May 2025, the Board will seek shareholder approval to pay a final dividend for the year ended 31 December 2024 of 15.6 pence per share. If approved, the final dividend will be paid on 16 May 2025, with a record date of 25 April 2025.
お知らせ • Feb 28+ 1 more updateDrax Group plc, Annual General Meeting, May 01, 2025Drax Group plc, Annual General Meeting, May 01, 2025.
お知らせ • Dec 04+ 1 more updateDrax Group plc Announces Retirement of Andy Skelton as Chief Financial OfficerDrax announced that Andy Skelton has informed the Company of his intention to retire from his role as Chief Financial Officer. Andy will remain as a director of the Company and as CFO until a successor is in place. A recruitment process to identify Andy's successor will commence and further announcements will be made in due course.
お知らせ • Nov 12Drax Group plc to Report Fiscal Year 2024 Results on Feb 27, 2025Drax Group plc announced that they will report fiscal year 2024 results on Feb 27, 2025
お知らせ • Jul 29Drax Group plc (LSE:DRX) announces an Equity Buyback for £300 million worth of its shares.Drax Group plc (LSE:DRX) announces a share repurchase program. Under the program, the company will repurchase up to £300 million worth of its shares. The program is valid for 2 years
お知らせ • Jun 13Drax Group plc Announces Appointment of Rob Shuter as Non-Executive Director and Audit Committee ChairDrax Group plc announced the appointment of Rob Shuter as a non-executive director and Audit Committee Chair, effective from June 11, 2024. Rob brings a wealth of complex financial, regulatory and strategic experience gained from over 30 years in the telecommunications and financial services sectors. Rob served on the BT Group plc executive committee as the divisional CEO of BT Enterprise between 2021 and January 2023, prior to which he served for 3 years as Group President and CEO of MTN Group Ltd. Rob also held a number of senior executive positions within the Vodafone Group between 2009 and 2016 including most recently as Chief Executive Officer, European Cluster in addition to serving between 2009 and 2011 as Chief Financial Officer of Vodacom Group Ltd. Rob worked in the financial services sector between 1992 and 2009 which included executive positions in retail banking at Nedbank Group Ltd. and investment banking at Standard Bank Group Ltd. More recently he served as Non-Executive Director and Chair of the Audit and Risk Committee for The GSM Association. Rob Shuter is a dual national of Britain and South Africa and qualified as a Chartered Accountant (South Africa) whilst working at Deloitte & Touche LLP. As previously announced, Vanessa Simms a non-executive director and the Chair of the Audit Committee will be standing down from Drax on June 18, 2024 after six years on the Board. Mr. Shuter was also formerly an executive director at: MTN Group Ltd, between March 2017 and September 2020; MTN Nigeria communications plc between March 2017 and September 2020.
お知らせ • Apr 27Drax Group plc Approves the Final Dividend for the Year 2023Drax Group plc approved the final dividend of 13.9 pence per share for the year 2023.
Upcoming Dividend • Apr 11Upcoming dividend of UK£0.14 per shareEligible shareholders must have bought the stock before 18 April 2024. Payment date: 17 May 2024. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 4.6%. Lower than top quartile of British dividend payers (6.0%). Higher than average of industry peers (3.6%).
Declared Dividend • Mar 03Final dividend increased to UK£0.14Dividend of UK£0.14 is 10% higher than last year. Ex-date: 18th April 2024 Payment date: 17th May 2024 Dividend yield will be 4.9%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by both earnings (16% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 1.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 40% over the next 3 years. However, it would need to fall by 82% to increase the payout ratio to a potentially unsustainable range.
Reported Earnings • Mar 01Full year 2023 earnings released: EPS: UK£1.43 (vs UK£0.21 in FY 2022)Full year 2023 results: EPS: UK£1.43 (up from UK£0.21 in FY 2022). Revenue: UK£8.13b (up 4.5% from FY 2022). Net income: UK£562.2m (up UK£477.1m from FY 2022). Profit margin: 6.9% (up from 1.1% in FY 2022). The increase in margin was primarily driven by higher revenue. Revenue is expected to decline by 3.1% p.a. on average during the next 3 years, while revenues in the Renewable Energy industry in Europe are expected to grow by 6.3%. Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 29+ 1 more updateDrax Group plc Recommends Final Dividend for the Year Ended 31 December 2023, Payable on 17 May 2024Drax Group plc announced that at its Annual General Meeting to be held on 25 April 2024, the board will recommend to shareholders a resolution to pay a final dividend for the year ended 31 December 2023 of 13.9 pence per share. If approved, the final dividend will be paid on 17 May 2024, with a record date of 19 April 2024.
Buy Or Sell Opportunity • Feb 09Now 20% undervaluedOver the last 90 days, the stock has risen 7.3% to UK£4.52. The fair value is estimated to be UK£5.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 2.0% per annum. Earnings are forecast to grow by 7.2% per annum over the same time period.
お知らせ • Dec 06Drax Group plc to Report Fiscal Year 2023 Results on Feb 29, 2024Drax Group plc announced that they will report fiscal year 2023 results on Feb 29, 2024
Buying Opportunity • Oct 11Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 27%. The fair value is estimated to be UK£5.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 4.3% per annum. Earnings is also forecast to decline by 0.1% per annum over the same time period.
New Risk • Sep 28New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. Minor Risks High level of debt (76% net debt to equity). Dividend is not well covered by cash flows (120% cash payout ratio). Profit margins are more than 30% lower than last year (2.2% net profit margin). Significant insider selling over the past 3 months (UK£537k sold).
Buying Opportunity • Sep 26Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 21%. The fair value is estimated to be UK£5.52, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 4.3% per annum. Earnings is forecast to grow by 1.5% per annum over the same time period.
お知らせ • Sep 06Drax Group Appoints Miguel Veiga-Pestana as Chief Sustainability OfficerDrax Group appointed Miguel Veiga-Pestana as Chief Sustainability Officer. Miguel is a seasoned leader of strategic sustainability and reputation building functions and he will use his extensive experience in major global corporations and 'not-for-profit' organizations to support Drax in delivering its purpose, strategic aims and ambition. Prior to coming to Drax, Miguel most recently held the Executive Committee role of Chief Sustainability Officer and Head of Corporate Affairs at the British multinational consumer goods company, Reckitt Benckiser. He has also been Chief Communications Officer at the Executive Leadership level for the Bill and Melinda Gates Foundation, the world's largest philanthropic organisation, and worked for 11 years at Unilever where he was Vice President of Global External Affairs and Sustainability.
Recent Insider Transactions • Sep 01Managing Director of Customers recently sold UK£438k worth of stockOn the 30th of August, Paul Sheffield sold around 80k shares on-market at roughly UK£5.49 per share. This transaction amounted to 83% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of UK£748k more than they bought in the last 12 months.
お知らせ • Sep 01Drax Group Appoints Andrea Bertone to Board of DirectorsDrax Group appointed Andrea Bertone as a non-executive director and Chair Designate of Drax. Bertone is the former President of Duke Energy Corporation's international division (DEI) where she spent 15 years in leadership roles, including seven years as President of DEI with executive responsibility for a portfolio of 4,400MW of hydro and thermal assets. The appointment is in anticipation of the conclusion of Philip Cox's successful nine-year tenure as a non-executive director during which he made a significant contribution to Drax's growth and success. Cox will step down as Chair and a non-executive director on December 31, 2023, and the Board expresses their sincere gratitude for Cox's valuable service. Bertone will assume the position of Chair effective January 1, 2024. The appointment of Bertone in the role of Chair Designate allows for a managed handover from Cox prior to her assuming the position. Prior to serving as President, Bertone held senior legal positions between 2001 and 2009 at DEI, including as associate General Counsel from 2003 to 2009, as part of which she oversaw legal and regulatory matters for the Group's business in Latin America. Bertone left Duke in 2016. Prior to Duke, Bertone's roles included Latin America counsel with Baker McKenzie. Bertone currently serves as a non-executive director of several companies each of which is publicly listed and operating in diverse sectors, spanning packaging manufacturing, energy and waste management.
お知らせ • Aug 24Drax Group plc Announces Board ChangesDrax Group plc announced the appointment of Andrea Bertone as a non-executive director and Chair Designate of the Company, effective from 24 August 2023. The appointment is in anticipation of the conclusion of Philip Cox's successful nine-year tenure as a non-executive director during which he made a significant contribution to the Company's growth and success. Mr. Cox will step down as Chair and a non-executive director on 31 December 2023, and the Board expresses their sincere gratitude for Mr. Cox's valuable service. Ms Bertone will assume the position of Chair effective 1 January 2024. The appointment of Ms Bertone in the role of Chair Designate allows for a managed handover from Mr. Cox prior to Ms Bertone assuming the position of Chair. Ms Bertone is the former President of Duke Energy Corporation's ("Duke") international division ("DEI"). Ms Bertone spent 15 years at Duke, including seven years as President of DEI with executive responsibility for a portfolio of c.4,400MW of hydro and thermal assets.Prior to serving as President, Ms Bertone held senior legal positions between 2001 and 2009 at DEI, including as associate General Counsel from 2003 to 2009, as part of which she oversaw legal and regulatory matters for the Group's business in Latin America. Ms Bertone left Duke in 2016. Prior to Duke, Ms Bertone's roles included Latin America counsel with Baker McKenzie. Ms Bertone has current experience in serving as a non-executive director of several companies each of which is publicly listed and operating in diverse sectors, spanning packaging manufacturing, energy and waste management. Ms Bertone who is resident in Houston, Texas, earned a Bachelor of Law from the University of Sao Paulo Law School in Brazil and a Master of Law in International and Comparative Law from Chicago-Kent College of Law at the Illinois Institute of Technology. Ms Bertone is a member of the Brazilian Bar Association.
Upcoming Dividend • Aug 17Upcoming dividend of UK£0.092 per share at 3.8% yieldEligible shareholders must have bought the stock before 24 August 2023. Payment date: 06 October 2023. Payout ratio is a comfortable 47% but the company is paying out more than the cash it is generating. Trailing yield: 3.8%. Lower than top quartile of British dividend payers (6.1%). Higher than average of industry peers (2.9%).
New Risk • Jul 29New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.2% Last year net profit margin: 3.3% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks High level of debt (76% net debt to equity). Dividend is not well covered by cash flows (117% cash payout ratio). Profit margins are more than 30% lower than last year (2.2% net profit margin).
Reported Earnings • Jul 28First half 2023 earnings released: EPS: UK£0.62 (vs UK£0.37 in 1H 2022)First half 2023 results: EPS: UK£0.62 (up from UK£0.37 in 1H 2022). Revenue: UK£4.09b (up 15% from 1H 2022). Net income: UK£248.1m (up 67% from 1H 2022). Profit margin: 6.1% (up from 4.2% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is expected to fall by 3.0% p.a. on average during the next 3 years compared to a 8.5% decline forecast for the Renewable Energy industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth.
お知らせ • Jul 28Drax Group plc Resolves to Pay an Interim Dividend for the Six Months Ended 30 June 2023, Payable on 6 October 2023On 26 July 2023, the Board of Drax Group plc resolved to pay an interim dividend for the six months ended 30 June 2023 of 9.2 pence per share (£36 million), representing 40% of the expected full year dividend. The interim dividend will be paid on 6 October 2023 with a record date of 25 August 2023.
お知らせ • Jun 29Drax Group plc to Report First Half, 2023 Results on Jul 27, 2023Drax Group plc announced that they will report first half, 2023 results on Jul 27, 2023
Upcoming Dividend • Apr 13Upcoming dividend of UK£0.13 per share at 3.3% yieldEligible shareholders must have bought the stock before 20 April 2023. Payment date: 19 May 2023. Payout ratio is on the higher end at 99%, and the cash payout ratio is above 100%. Trailing yield: 3.3%. Lower than top quartile of British dividend payers (5.9%). Higher than average of industry peers (2.4%).
Recent Insider Transactions • Apr 03Group CEO & Executive Director recently sold UK£234k worth of stockOn the 30th of March, Dwight Daniel Gardiner sold around 44k shares on-market at roughly UK£5.29 per share. This transaction amounted to 5.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Dwight Daniel has been a net seller over the last 12 months, reducing personal holdings by UK£476k.
Recent Insider Transactions • Feb 26CFO & Director recently bought UK£125k worth of stockOn the 23rd of February, Andy Skelton bought around 19k shares on-market at roughly UK£6.42 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Andy's only on-market trade for the last 12 months.
Reported Earnings • Feb 25Full year 2022 earnings released: EPS: UK£0.21 (vs UK£0.14 in FY 2021)Full year 2022 results: EPS: UK£0.21 (up from UK£0.14 in FY 2021). Revenue: UK£7.78b (up 53% from FY 2021). Net income: UK£85.1m (up 53% from FY 2021). Profit margin: 1.1% (in line with FY 2021). Revenue is expected to fall by 8.2% p.a. on average during the next 3 years compared to a 8.3% decline forecast for the Renewable Energy industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth.
お知らせ • Dec 15Drax Group plc to Report Fiscal Year 2022 Results on Feb 23, 2023Drax Group plc announced that they will report fiscal year 2022 results on Feb 23, 2023
Valuation Update With 7 Day Price Move • Sep 13Investor sentiment improved over the past weekAfter last week's 16% share price gain to UK£7.56, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 22x in the Renewable Energy industry in Europe. Total returns to shareholders of 201% over the past three years.
Upcoming Dividend • Aug 18Upcoming dividend of UK£0.084 per shareEligible shareholders must have bought the stock before 25 August 2022. Payment date: 07 October 2022. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of British dividend payers (5.2%). Lower than average of industry peers (3.5%).
Reported Earnings • Jul 27First half 2022 earnings releasedFirst half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (up UK£6.10m from 1H 2021). Profit margin: (up from net loss in 1H 2021). Over the next year, revenue is expected to shrink by 5.3% compared to a 2,755% growth forecast for the industry in the United Kingdom.
Valuation Update With 7 Day Price Move • May 28Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to UK£6.59, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 24x in the Renewable Energy industry in Europe. Total returns to shareholders of 159% over the past three years.
Recent Insider Transactions • May 10Group CEO & Executive Director recently sold UK£243k worth of stockOn the 3rd of May, Dwight Daniel Gardiner sold around 30k shares on-market at roughly UK£8.09 per share. This was the largest sale by an insider in the last 3 months. Dwight Daniel has been a seller over the last 12 months, reducing personal holdings by UK£342k.
Upcoming Dividend • Apr 21Upcoming dividend of UK£0.11 per shareEligible shareholders must have bought the stock before 28 April 2022. Payment date: 13 May 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.3%. Lower than top quartile of British dividend payers (4.6%). Lower than average of industry peers (3.3%).
Reported Earnings • Feb 25Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: UK£0.14 (up from UK£0.49 loss in FY 2020). Revenue: UK£5.09b (up 20% from FY 2020). Net income: UK£55.6m (up UK£250.2m from FY 2020). Profit margin: 1.1% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 9.0%. Over the next year, revenue is forecast to grow 43%, compared to a 43% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.
Recent Insider Transactions • Dec 23Group CEO & Executive Director recently sold UK£99k worth of stockOn the 22nd of December, Dwight Daniel Gardiner sold around 17k shares on-market at roughly UK£5.95 per share. This was the largest sale by an insider in the last 3 months. Dwight Daniel has been a seller over the last 12 months, reducing personal holdings by UK£514k.
Board Change • Oct 23Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Senior Independent Non-Executive Director David Nussbaum was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Upcoming Dividend • Aug 19Upcoming dividend of UK£0.075 per shareEligible shareholders must have bought the stock before 26 August 2021. Payment date: 08 October 2021. Trailing yield: 4.1%. Within top quartile of British dividend payers (3.8%). Higher than average of industry peers (2.3%).
Upcoming Dividend • Apr 15Upcoming dividend of UK£0.10 per shareEligible shareholders must have bought the stock before 22 April 2021. Payment date: 14 May 2021. Trailing yield: 4.1%. Lower than top quartile of British dividend payers (4.2%). Higher than average of industry peers (2.3%).
Is New 90 Day High Low • Mar 15New 90-day high: UK£4.06The company is up 21% from a price of UK£3.36 on 15 December 2020. Outperformed the British market which is up 5.0% over the last 90 days. Exceeded the Renewable Energy industry, which is up 7.0% over the same period.
Recent Insider Transactions • Mar 11Group CEO & Executive Director recently sold UK£415k worth of stockOn the 8th of March, Dwight Daniel Gardiner sold around 114k shares on-market at roughly UK£3.66 per share. This was the largest sale by an insider in the last 3 months. Dwight Daniel has been a seller over the last 12 months, reducing personal holdings by UK£117k.
Analyst Estimate Surprise Post Earnings • Feb 26Revenue misses expectationsRevenue missed analyst estimates by 5.0%. Over the next year, revenue is forecast to grow 1.4%, compared to a 119% growth forecast for the Renewable Energy industry in the United Kingdom.
Is New 90 Day High Low • Feb 11New 90-day high: UK£4.02The company is up 25% from its price of UK£3.20 on 12 November 2020. The British market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£21.22 per share.
Is New 90 Day High Low • Dec 24New 90-day high: UK£3.67The company is up 44% from its price of UK£2.54 on 24 September 2020. The British market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£18.53 per share.
Is New 90 Day High Low • Dec 03New 90-day high: UK£3.42The company is up 29% from its price of UK£2.64 on 04 September 2020. The British market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£11.43 per share.