What is the current Drax Group market capitalization?
The current market capitalization of Drax Group is 2.58 B GBP.
Drax Group Market capitalization 2024
Drax Group Market capitalization
2.58 B GBP
Ticker
DRX.L
ISIN
GB00B1VNSX38
WKN
A0MK9W
In 2024, Drax Group's market cap stood at 2.58 B GBP, a 51.59% increase from the 1.7 B GBP market cap in the previous year.
The Drax Group Market capitalization history
| YEAR | Market Capitalization (undefined GBP) |
|---|---|
| 2023 | 2.25 |
| 2022 | 2.77 |
| 2021 | 1.77 |
| 2020 | 1.05 |
| 2019 | 1.27 |
| 2018 | 1.36 |
| 2017 | 1.31 |
| 2016 | 1.21 |
| 2015 | 1.33 |
| 2014 | 2.74 |
| 2013 | 2.59 |
| 2012 | 1.99 |
| 2011 | 1.73 |
| 2010 | 1.4 |
| 2009 | 1.69 |
| 2008 | 2.14 |
| 2007 | 2.52 |
| 2006 | 3.08 |
| 2005 | 1.53 |
| 2004 | - |
Drax Group Aktienanalyse
What does Drax Group do?
The Drax Group PLC is a British company and the largest energy supply company in Europe. The company was founded in 1974 and is headquartered in Selby, North Yorkshire. The Drax Group is a major supplier of renewable energy and has three business areas: generation, customer solutions, and bioscience. Drax Generation produces electricity from coal and renewable energy. The company operates the Drax Power Station and eight other power plants. The Drax Power Station, the largest power plant in the UK, can provide electricity to around six million households in the UK with an annual capacity of 3.9 gigawatts. The other power plants are located in Scotland, Pakistan, France, and the USA. Despite coal power generation, the Drax Group has increased its commitment to renewable energy in recent years. The company aims to switch completely to biomass by 2025 and become carbon neutral by 2030. Biomass is obtained from wood pellets and agricultural residues such as straw and corn stalks. The transition to biomass has also contributed to the creation of new jobs in rural areas. In addition to electricity generation, the Drax Group also offers customer solutions. This includes products and services in the areas of energy efficiency, sustainability, and energy supply. For example, customers can have their own solar panels installed on their rooftops or implement energy-saving measures to save costs. The third business area of the Drax Group is bioscience. This involves the research and development of new technologies and products from biomass. For example, wood pellets are produced that can be used in power plants for electricity generation, but can also be used as fuel for private fireplaces and stoves. Biofuels and bioplastics are also potential products that could be made from biomass. The Drax Group operates in a very dynamic environment and faces major challenges. The energy transition and climate change are important issues that affect the business. In order to continue to be successful, the company must invest in renewable energy and adapt to regulatory frameworks. The development of new technologies will also play a crucial role. Overall, the Drax Group can be seen as an innovative and forward-looking company that is facing the challenges of the energy transition. With a diversified business model and a clear strategy, the company has good chances of being successful in the future. Drax Group ist eines der beliebtesten Unternehmen auf Eulerpool.com.Market capitalization Details
Exploring Drax Group's Market Capitalization
Drax Group's market capitalization represents the total dollar market value of the company’s outstanding shares of stock. It is calculated by multiplying the company's shares outstanding by the current market price of one share. This metric is a vital indicator of a company’s size, strength, and overall market value.
Year-to-Year Comparison
A yearly comparison of Drax Group's market capitalization provides investors and analysts insights into its growth and valuation trends. An increase signifies market confidence and business expansion, while a decrease may point towards declining market value or business contractions.
Impact on Investments
Drax Group's market capitalization plays a pivotal role in investment decisions. It aids investors in assessing the company's risk and return profiles. Larger companies are often considered more stable but may offer lower growth potential, while smaller companies might offer significant growth prospects but come with higher risk.
Interpreting Market Capitalization Fluctuations
Variations in Drax Group’s market capitalization can be attributed to several factors, including changes in stock price, outstanding shares, and market sentiment. Understanding these fluctuations helps investors evaluate the company's current standing and future potential in the competitive landscape.
Frequently Asked Questions about Drax Group stock
What is market capitalization?
The market capitalization (German: Marktkapitalisierung, English: market capitalization, abbreviated as market cap, also known as stock exchange capitalization or market value) is the calculated total value of all shares of a publicly traded company like Drax Group.
How has the market capitalization of Drax Group developed in recent years?
The market capitalization of Drax Group has increased/decreased by 51.59% compared to the previous year.
What does market capitalization mean for investors?
The market capitalization of a company reflects the current market consensus on the value of the equity of a publicly traded company.
Why is market capitalization an important indicator for investors?
The market capitalization of a company reflects the current market consensus on the value of a publicly traded company's equity. It is determined by the supply and demand for the company's shares. Market capitalization is thus significantly influenced by expectations in the stock market regarding the future earnings power of the company, and as such, it can undergo significant fluctuations.
Why does the market capitalization fluctuate?
The market capitalization fluctuates along with the stock price, as the market capitalization is calculated based on the current price and the number of outstanding shares.
What role does market capitalization play in the valuation of Drax Group?
In order to compare the value of companies, it is helpful to consider not only the market capitalization but also the net debt of a company. A potential buyer of the entire company would also acquire the debts of the company. The enterprise value is the total value of a company or a stock corporation. The net financial indebtedness of the company is added to the market capitalization.
Does the market capitalization influence the performance of Drax Group?
There is no verifiable long-term evidence or study that stocks with a specific market capitalization (whether Mega/Large/Mid/Small Cap) would consistently yield significantly higher returns than others. There are occasional small studies (few stocks, short investment period) suggesting that certain classes may perform better or have higher risk, but none of them are 1. conclusive (cause-effect relationship is unclear, experiment is not repeatable) or 2. generalizable (generalization is not possible due to small sample size and time period).
Does the market capitalization of Drax Group have an influence on indices?
Some stock indices use market capitalization as index weighting. Stocks with a higher market capitalization are also weighted higher in the index. This is in contrast to equally weighted indices (all stocks have the same weighting) and free float weighted indices (market capitalization weighting, but only with the number of shares in free float).
How much dividend does Drax Group pay?
Over the past 12 months, Drax Group paid a dividend of 0.22 GBP . This corresponds to a dividend yield of about 3.41 %. For the coming 12 months, Drax Group is expected to pay a dividend of 0.22 GBP.
What is the dividend yield of Drax Group?
The current dividend yield of Drax Group is 3.41 %.
When does Drax Group pay dividends?
Drax Group pays a quarterly dividend. This is distributed in the months of May, September, May, October.
How secure is the dividend of Drax Group?
Drax Group paid dividends every year for the past 22 years.
What is the dividend of Drax Group?
For the upcoming 12 months, dividends amounting to 0.22 GBP are expected. This corresponds to a dividend yield of 3.4 %.
In which sector is Drax Group located?
Drax Group is assigned to the 'Utilities' sector.
Wann musste ich die Aktien von Drax Group kaufen, um die vorherige Dividende zu erhalten?
To receive the latest dividend of Drax Group from 10/25/2024 amounting to 0.104 GBP, you needed to have the stock in your portfolio before the ex-date on 9/19/2024.
When did Drax Group pay the last dividend?
The last dividend was paid out on 10/25/2024.
What was the dividend of Drax Group in the year 2023?
In the year 2023, Drax Group distributed 0.197 GBP as dividends.
In which currency does Drax Group pay out the dividend?
The dividends of Drax Group are distributed in GBP.
Stock savings plans offer an attractive way for investors to build wealth over the long term. One of the main advantages is the so-called cost-average effect: by regularly investing a fixed amount in stocks or stock funds, you automatically buy more shares when prices are low, and fewer when they are high. This can lead to a more favorable average price per share over time. In addition, stock savings plans allow small investors access to expensive stocks, as they can participate with small amounts. Regular investment also promotes a disciplined investment strategy and helps to avoid emotional decisions, such as impulsive buying or selling. Furthermore, investors benefit from the potential appreciation of the stocks as well as from dividend distributions, which can be reinvested, enhancing the compounding effect and thus the growth of the invested capital.
The Drax Group stock can be added to a savings plan with the following providers: Trade Republic
Andere Kennzahlen von Drax Group
Our stock analysis for Drax Group Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Drax Group Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.
