Drax Group Future Growth

Future criteria checks 0/6

Drax Group's revenue and earnings are forecast to decline at 4.4% and 21.5% per annum respectively. EPS is expected to decline by 20.8% per annum. Return on equity is forecast to be 12.2% in 3 years.

Key information

-21.5%

Earnings growth rate

-20.8%

EPS growth rate

Renewable Energy earnings growth	23.7%
Revenue growth rate	-4.4%
Future return on equity	12.2%
Analyst coverage	Good
Last updated	25 Sep 2024

Recent future growth updates

No updates

Recent updates

Earnings and Revenue Growth Forecasts

BATS-CHIXE:DRXL - Analysts future estimates and past financials data (GBP Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	6,886	277	321	624	7
12/31/2025	7,532	404	422	716	7
12/31/2024	7,714	459	338	790	7
6/30/2024	7,392	654	401	876	N/A
3/31/2024	7,759	608	398	856	N/A
12/31/2023	8,125	562	395	836	N/A
9/30/2023	8,018	373	232	578	N/A
6/30/2023	8,110	184	70	320	N/A
3/31/2023	7,943	135	51	264	N/A
12/31/2022	7,775	85	33	208	N/A
9/30/2022	7,123	148	70	272	N/A
6/30/2022	6,471	211	106	335	N/A
3/31/2022	5,780	133	102	321	N/A
12/31/2021	5,088	56	97	307	N/A
9/30/2021	4,695	-35	79	274	N/A
6/30/2021	4,302	-125	61	241	N/A
3/31/2021	4,273	-160	97	273	N/A
12/31/2020	4,245	-195	132	306	N/A
6/30/2020	4,352	-89	233	395	N/A
3/31/2020	4,410	-49	237	404	N/A
12/31/2019	4,468	-10	242	413	N/A
9/30/2019	4,553	14	245	407	N/A
6/30/2019	4,393	28	246	399	N/A
3/31/2019	4,311	24	212	355	N/A
12/31/2018	4,229	20	179	311	N/A
9/30/2018	4,091	-33	135	271	N/A
6/30/2018	3,952	-86	91	231	N/A
3/31/2018	3,818	-127	N/A	273	N/A
12/31/2017	3,684	-168	N/A	315	N/A
9/30/2017	3,474	-104	N/A	276	N/A
6/30/2017	3,264	-40	N/A	236	N/A
3/31/2017	3,107	77	N/A	214	N/A
12/31/2016	2,950	194	N/A	191	N/A
9/30/2016	2,995	180	N/A	162	N/A
6/30/2016	3,040	166	N/A	133	N/A
3/31/2016	3,053	111	N/A	141	N/A
12/31/2015	3,065	56	N/A	148	N/A
9/30/2015	3,062	115	N/A	178	N/A
6/30/2015	3,060	174	N/A	207	N/A
3/31/2015	2,932	151	N/A	148	N/A
12/31/2014	2,805	129	N/A	90	N/A
9/30/2014	2,603	5	N/A	85	N/A
6/30/2014	2,400	-119	N/A	80	N/A
3/31/2014	2,231	-34	N/A	111	N/A
12/31/2013	2,062	51	N/A	142	N/A
9/30/2013	1,946	129	N/A	164	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: DRXL's earnings are forecast to decline over the next 3 years (-21.5% per year).

Earnings vs Market: DRXL's earnings are forecast to decline over the next 3 years (-21.5% per year).

High Growth Earnings: DRXL's earnings are forecast to decline over the next 3 years.

Revenue vs Market: DRXL's revenue is expected to decline over the next 3 years (-4.4% per year).

High Growth Revenue: DRXL's revenue is forecast to decline over the next 3 years (-4.4% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: DRXL's Return on Equity is forecast to be low in 3 years time (12.2%).

Drax Group Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

Recent updates

Drax Group plc (LSE:DRX) announces an Equity Buyback for £300 million worth of its shares.

Drax Group plc Announces Appointment of Rob Shuter as Non-Executive Director and Audit Committee Chair

Drax Group plc Approves the Final Dividend for the Year 2023

Upcoming dividend of UK£0.14 per share

Final dividend increased to UK£0.14

Full year 2023 earnings released: EPS: UK£1.43 (vs UK£0.21 in FY 2022)

Drax Group plc Recommends Final Dividend for the Year Ended 31 December 2023, Payable on 17 May 2024

Now 20% undervalued

Drax Group plc to Report Fiscal Year 2023 Results on Feb 29, 2024

Now 21% undervalued after recent price drop

New major risk - Revenue and earnings growth

Now 21% undervalued after recent price drop

Drax Group Appoints Miguel Veiga-Pestana as Chief Sustainability Officer

Managing Director of Customers recently sold UK£438k worth of stock

Drax Group plc acquired Bmm Energy Solutions Ltd.

Drax Group plc Announces Board Changes

Upcoming dividend of UK£0.092 per share at 3.8% yield

New minor risk - Profit margin trend

First half 2023 earnings released: EPS: UK£0.62 (vs UK£0.37 in 1H 2022)

Drax Group plc Resolves to Pay an Interim Dividend for the Six Months Ended 30 June 2023, Payable on 6 October 2023

Drax Group plc to Report First Half, 2023 Results on Jul 27, 2023

Upcoming dividend of UK£0.13 per share at 3.3% yield

Group CEO & Executive Director recently sold UK£234k worth of stock

CFO & Director recently bought UK£125k worth of stock

Full year 2022 earnings released: EPS: UK£0.21 (vs UK£0.14 in FY 2021)

Drax Group plc, Annual General Meeting, Apr 26, 2023

Drax Group plc to Report Fiscal Year 2022 Results on Feb 23, 2023

Drax Group plc (LSE:DRX) agreed to acquire the remaining 10% minority interest in Alabama Pellets, LLC from Two Rivers Lumber Company, LLC for $22 million.

Investor sentiment improved over the past week

Upcoming dividend of UK£0.084 per share

Drax Group plc (LSE:DRX) agreed to acquire Pellet Plant in Princeton, British Columbia from Princeton Standard Pellet Corporation

First half 2022 earnings released

Drax Group plc Announces Interim Dividend for the Six Months Ended 30 June 2022, Payable on 7 October 2022, Provides Dividend Guidance for the Year 2022

Drax Group plc, Annual General Meeting, Sep 08, 2022

Investor sentiment deteriorated over the past week

Group CEO & Executive Director recently sold UK£243k worth of stock

Upcoming dividend of UK£0.11 per share

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Drax Group Proposes Final Dividend for 2021

Drax Group plc, Annual General Meeting, Apr 27, 2022

Group CEO & Executive Director recently sold UK£99k worth of stock

Less than half of directors are independent

Upcoming dividend of UK£0.075 per share

Drax Group plc (LSE:DRX) agreed to acquire 20% stake in Alabama Pellets, LLC from The Westervelt Company, Inc. for $29.7 million.

Upcoming dividend of UK£0.10 per share

New 90-day high: UK£4.06

Drax Group plc Confirms Secured Agreements to Provide A Total of 617MW of Capacity (De-Rated 582MW) Principally from Its Pumped Storage and Hydro Assets

Group CEO & Executive Director recently sold UK£415k worth of stock

Drax Group plc, Annual General Meeting, Apr 21, 2021

Revenue misses expectations

New 90-day high: UK£4.02

Drax Group plc (LSE:DRX) signed an arrangement agreement to acquire Pinnacle Renewable Energy Inc. (TSX:PL) from ONCAP II, L.P. managed by ONCAP, Pinnacle's directors and senior officers and other shareholders for approximately CAD 380 million.

VPI Generation Limited completed the acquisition of Drax Generation Enterprise Limited from Drax Group plc (LSE:DRX).

New 90-day high: UK£3.67

New 90-day high: UK£3.42

Drax Group plc to Report Fiscal Year 2020 Results on Feb 25, 2021

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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