Drax Group Overview
- Year Founded
-
1967
- Status
-
Public
- Employees
-
3,551
- Stock Symbol
-
DRX
- Investments
-
14
- Share Price
-
$8.31
- (As of Friday Closing)
Drax Group General Information
Description
Drax Group PLC is a UK-based renewable energy company engaged in renewable power generation, the production of sustainable biomass and the sale of renewable electricity to businesses. It operates a generation portfolio of sustainable biomass, hydro-electric, and pumped hydro storage assets across four sites in England and Scotland. The company also operates a global bioenergy supply business with manufacturing facilities in the United States and Canada, producing compressed wood pellets for its own use and for customers in Europe and Asia. Its segments include Pellet Production, Generation, and Customers. The majority of its revenue is generated from the Customers segment which sells renewable electricity to industrial and commercial customers in the United Kingdom.
Contact Information
Website
www.drax.comCorporate Office
- Drax Power Station
- Selby
- North Yorkshire YO8 8PH
- England, United Kingdom
Corporate Office
- Drax Power Station
- Selby
- North Yorkshire YO8 8PH
- England, United Kingdom
Drax Group Timeline
Drax Group Stock Performance
(As of Friday Closing)
| Stock Price | Previous Close | 52 wk Range | Market Cap | Shares | Average Volume | EPS |
|---|---|---|---|---|---|---|
| $8.31 | $8.30 | $4.87 - $8.90 | $3.16B | 381M | 1.14M | $2.13 |
Drax Group Financials Summary
|
In Thousands, USD |
TTM 30-Jun-2024 | FY 2023 31-Dec-2023 | FY 2022 31-Dec-2022 | FY 2021 31-Dec-2021 |
|---|---|---|---|---|
| EV | 3,927,427 | 4,155,455 | 4,924,375 | 4,912,795 |
| Revenue | 9,307,019 | 10,100,065 | 9,582,810 | 6,996,700 |
| EBITDA | 1,562,229 | 1,391,085 | 480,293 | 529,703 |
| Net Income | 823,167 | 698,837 | 104,883 | 109,598 |
| Total Assets | 7,612,061 | 7,692,327 | 7,181,687 | 6,989,230 |
| Total Debt | 1,753,769 | 1,988,688 | 1,929,058 | 2,006,775 |
Drax Group Valuation & Funding
| Deal Type | Date | Amount | Valuation/ EBITDA |
Post-Val | Status | Debt |
|---|
Drax Group Comparisons
Industry
Financing
Details
Drax Group Competitors (2)
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| EDF Energy | Corporation | London, United Kingdom | ||||
| Centrica | Corporation | Windsor, United Kingdom |
Drax Group Related Research & Analysis
Explore institutional-grade private market research from our team of analysts.
-
Verticals
Drax Group Executive Team (19)
| Name | Title | Board Seat |
|---|---|---|
| Dwight Gardiner | Chief Executive Officer & Director | |
| Andrew Skelton | Chief Financial Officer, Finance & Board Member | |
| Penny Small | Group Generation Director and Interim Chief Operating Officer | |
| Paul Sheffield | Chief Commercial Officer | |
| Karen McKeever | Chief People and Human Resources Officer |
Drax Group Board Members (12)
| Name | Representing | Role | Since |
|---|---|---|---|
| Self | Board Member | ||
| Drax Group | Chief Financial Officer, Finance & Board Member | ||
| Self | Senior Independent Non-Executive Director | ||
| Drax Group | Chief Executive Officer & Director | ||
| Self | Board Member & Member of Audit and Nominations Committees |
Drax Group Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Drax Group Investments & Acquisitions (14)
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| C-capture | 01-Aug-2023 | Energy Production | |||
| Princeton Standard Pellet plant | 03-Aug-2022 | Forestry Processing | |||
| Pinnacle Renewable Energy | 13-Apr-2021 | Energy Production | |||
| C-capture | 23-Feb-2021 | Energy Production | |||
| C-capture | 04-Feb-2019 | Later Stage VC | Energy Production |
Drax Group Subsidiaries (4)
| Company Name | Industry | Location | Founded |
|---|---|---|---|
| Drax Smart Generation (Four CCGT Plant) | Other Energy | United Kingdom | 2011 |
| Drax Pumped Storage | Energy Production | North Yorkshire, United Kingdom | |
| Haven Power | Energy Traders and Brokers | Ipswich, United Kingdom | |
| Opus Energy (Electric Utilities) | Electric Utilities | Northampton, United Kingdom |
Drax Group ESG
Risk Overview
Risk Rating
Updated May, 31, 2024
21.71 | Med Risk
Risk Scale
A lower score indicates better sustainability
Negl
0-10
Low
10-20
Med
20-30
High
30-40
Severe
40+
Exposure
Exposure refers to the extent to which a company is exposed to different material ESG issues
Management
Management is related to actions taken to manage ESG issues
Peers Analysis
Peer performance insights compare the company’s ESG performance to the performance of selected peers to help inform future ESG decisions and drive internal performance improvements.
Global
Covered Companies
of 16,009
Rank
Percentile
Utilities
Industry
of 677
Rank
Percentile
Independent Power Production and Traders
Subindustry
of 85
Rank
Percentile
Drax Group Exits (2)
| Company Name | Exit Date | Exit Type | Exit Size | Status | Buyers |
|---|---|---|---|---|---|
| Iberdrola (2.6 GW Four Combined Cycle Gas Turbine Power Stations) | 04-Jan-2019 | Completed |
|
||
| Billington Bioenergy | 04-Mar-2015 | Merger/Acquisition | Completed |
Drax Group FAQs
-
When was Drax Group founded?
Drax Group was founded in 1967.
-
Who is the CEO of Drax Group?
Dwight Gardiner is the CEO of Drax Group.
-
Where is Drax Group headquartered?
Drax Group is headquartered in North Yorkshire, United Kingdom.
-
What is the size of Drax Group?
Drax Group has 3,551 total employees.
-
What industry is Drax Group in?
Drax Group’s primary industry is Energy Production.
-
Is Drax Group a private or public company?
Drax Group is a Public company.
-
What is Drax Group’s stock symbol?
The ticker symbol for Drax Group is DRX.
-
What is the current stock price of Drax Group?
As of 11-Oct-2024 the stock price of Drax Group is $8.31.
-
What is the current market cap of Drax Group?
The current market capitalization of Drax Group is $3.16B.
-
What is Drax Group’s current revenue?
The trailing twelve month revenue for Drax Group is $9.3B.
-
Who are Drax Group’s competitors?
EDF Energy and Centrica are competitors of Drax Group.
-
What is Drax Group’s annual earnings per share (EPS)?
Drax Group’s EPS for 12 months was $2.13.
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