Projected Income Statement: Drax Group plc

Forecast Balance Sheet: Drax Group plc

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 874 806 1,044 1,206 1,084 1,020 872 739
Change - -7.78% 29.53% 15.52% -10.12% -5.9% -14.51% -15.25%
Announcement Date 2/27/20 2/25/21 2/24/22 2/23/23 2/29/24 - - -
1GBP in Million
Estimates

Cash Flow Forecast: Drax Group plc

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
CAPEX 1 171.4 174.4 209.7 175 441 416.2 280 258.8
Change - 1.75% 20.24% -16.55% 152% -5.61% -32.74% -7.55%
Free Cash Flow (FCF) 1 242 131.8 96.8 33 395 314 517 388
Change - -45.54% -26.56% -65.91% 1,096.97% -20.51% 64.65% -24.95%
Announcement Date 2/27/20 2/25/21 2/24/22 2/23/23 2/29/24 - - -
1GBP in Million
Estimates

Forecast Financial Ratios: Drax Group plc

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026

Profitability

        
EBITDA Margin (%) 8.69% 9.71% 7.82% 9.4% 14.94% 13.08% 11.45% 10.64%
EBIT Margin (%) 4.28% 4.58% 3.34% 6.04% 9.62% 9.95% 7.99% 6.53%
EBT Margin (%) -0.06% -5.53% 2.39% 1% 9.8% 8.77% 6.9% 5.37%
Net margin (%) 0.01% -3.72% 1.57% 1.09% 6.92% 6.22% 5.14% 4.11%
FCF margin (%) 5.13% 3.11% 1.9% 0.42% 4.86% 3.95% 6.86% 6.07%
FCF / Net Income (%) 48,400% -83.47% 121.46% 38.78% 70.26% 63.53% 133.33% 147.95%

Profitability

        
ROA 2.55% 2.17% 1.76% 5.58% 7.86% 8.13% 6.08% 3.33%
ROE 6.67% 6.31% 6.74% 26.24% 28.69% 23.53% 16.36% 10.09%

Financial Health

        
Leverage (Debt/EBITDA) 2.13x 1.96x 2.62x 1.65x 0.89x 0.98x 1.01x 1.09x
Debt / Free cash flow 3.61x 6.12x 10.79x 36.55x 2.74x 3.25x 1.69x 1.9x

Capital Intensity

        
CAPEX / Current Assets (%) 3.64% 4.11% 4.12% 2.25% 5.43% 5.24% 3.71% 4.05%
CAPEX / EBITDA (%) 41.83% 42.33% 52.69% 23.94% 36.33% 40.05% 32.42% 38.1%
CAPEX / FCF (%) 70.83% 132.32% 216.63% 530.3% 111.65% 132.56% 54.15% 66.7%

Items per share

        
Cash flow per share 1 1.04 0.7717 0.7428 0.5019 2.123 1.091 1.265 1.244
Change - -25.82% -3.73% -32.43% 322.95% -48.63% 16.02% -1.69%
Dividend per Share 1 0.159 0.171 0.188 0.21 0.231 0.2592 0.2834 0.3078
Change - 7.55% 9.94% 11.7% 10% 12.2% 9.33% 8.64%
Book Value Per Share 1 4.33 3.376 3.219 3.269 5.124 6.177 7.012 7.459
Change - -22.04% -4.62% 1.53% 56.76% 20.56% 13.51% 6.38%
EPS 1 0.001 -0.398 0.135 0.205 1.395 1.267 1.035 0.7401
Change - -39,900% -133.92% 51.85% 580.49% -9.15% -18.34% -28.48%
Nbr of stocks (in thousands) 396,538 396,930 399,167 400,811 384,777 365,045 365,045 365,045
Announcement Date 2/27/20 2/25/21 2/24/22 2/23/23 2/29/24 - - -
1GBP
Estimates
2024 *2025 *
P/E ratio 5.01x 6.14x
PBR 1.03x 0.91x
EV / Sales 0.42x 0.42x
Yield 4.08% 4.46%
More valuation ratios * Estimated data

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Trading Rating
Investor Rating
ESG MSCI
A
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
7
Last Close Price
6.350GBP
Average target price
8.431GBP
Spread / Average Target
+32.78%
Consensus

Annual profits - Rate of surprise

  1. Stock Market
  2. Equities
  3. DRX Stock
  4. Financials Drax Group plc