- Drax’s adjusted EBITDA was £1.06 billion, slightly above the estimated £1.04 billion.
- The adjusted earnings per share (EPS) were 128.4p, marginally below the 128.6p estimate.
- Pretax profit was reported at £753 million.
- The final dividend per share is set at 15.6p.
- Adjusted revenue amounted to £6.08 billion, falling short of the £7.53 billion estimate.
- Total revenue came in at £6.16 billion.
- Adjusted operating profit was £800.2 million, just above the £798.4 million estimate.
- The operating profit was reported at £850.2 million.
- Net debt stood at £992 million, better than the £1.07 billion estimate.
- Capital investments totaled £332 million.
- The stock received 4 buy ratings, 2 hold ratings, and 1 sell rating.
A look at Drax Group PLC Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Drax Group PLC, a company that generates and supplies electricity through its coal and biomass-fired power plant in the UK, is poised for a positive long-term outlook according to Smartkarma Smart Scores. With strong scores in Growth and Momentum at 5 each, the company seems well-positioned for future expansion and market performance. Additionally, Drax Group PLC receives favorable scores in Value and Dividend at 4, indicating good financial health and potential returns for investors. However, the Resilience score of 2 may raise some concerns about the company’s ability to withstand market fluctuations.
Overall, based on the Smartkarma Smart Scores, Drax Group PLC shows promise for growth and performance, with particularly high scores in Growth and Momentum. Investors may find the company attractive due to its favorable Value and Dividend scores as well. However, attention should be paid to the lower Resilience score, suggesting a need for caution in evaluating the company’s ability to navigate challenging market conditions in the long term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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