What is the price-to-earnings ratio of Drax Group?
The price-earnings ratio of Drax Group is currently 4.42.
Drax Group P/E 2024
Drax Group P/E
4.42
Ticker
DRX.L
ISIN
GB00B1VNSX38
WKN
A0MK9W
As of Oct 2, 2024, Drax Group's P/E ratio was 4.42, a 8.33% change from the 4.08 P/E ratio recorded in the previous year.
The Drax Group P/E history
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.P/E Details
Deciphering Drax Group's P/E Ratio
The Price to Earnings (P/E) Ratio of Drax Group is a vital metric that investors and analysts use to determine the company’s market value relative to its earnings. It is calculated by dividing the current stock price by the earnings per share (EPS). A higher P/E ratio could suggest that investors are expecting higher future growth, while a lower ratio may indicate a potentially undervalued company or lower growth expectations.
Year-to-Year Comparison
Assessing Drax Group's P/E ratio on a yearly basis provides insights into the valuation trends and investor sentiment. An increasing P/E ratio over the years signifies growing investor confidence and expectations for future earnings growth, while a decreasing ratio may reflect concerns over the company's profitability or growth prospects.
Impact on Investments
The P/E ratio of Drax Group is a key consideration for investors aiming to balance risk and reward. A comprehensive analysis of this ratio, in conjunction with other financial indicators, aids investors in making informed decisions regarding buying, holding, or selling the company’s stocks.
Interpreting P/E Ratio Fluctuations
Fluctuations in Drax Group’s P/E ratio can be attributed to various factors including changes in earnings, stock price movements, and shifts in investor expectations. Understanding the underlying reasons for these fluctuations is essential for predicting future stock performance and assessing the company's intrinsic value.
Frequently Asked Questions about Drax Group stock
How has the price-earnings ratio of Drax Group changed compared to last year?
The price-to-earnings ratio of Drax Group has increased by 8.33% increased compared to last year.
What consequences does a high price-earnings ratio have for investors?
A high price-to-earnings ratio indicates that the company's stock is relatively expensive and investors may potentially achieve a lower return.
What does a low price-earnings ratio mean?
A low price-earnings ratio means that the company's stock is relatively cheap and investors may potentially achieve a higher return.
Is the price-earnings ratio of Drax Group high compared to other companies?
Yes, the price-to-earnings ratio of Drax Group is high compared to other companies.
How does an increase in the price-earnings ratio of Drax Group affect the company?
An increase in the price-earnings ratio of Drax Group would lead to a higher market capitalization of the company, which in turn would lead to a higher valuation of the company.
How does a reduction in the price-to-earnings ratio of Drax Group affect the company?
A decrease in the price-earnings ratio of Drax Group would result in a lower market capitalization of the company, which in turn would lead to a lower valuation of the company.
What are some factors that influence the price-earnings ratio of Drax Group?
Some factors that influence the price-earnings ratio of Drax Group are the company's growth, financial position, industry development, and the overall economic situation.
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.
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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.
