Drax Group plc, together with its subsidiaries, engages in renewable power generation in the United Kingdom. The company operates through four segments: Pellet Production, Biomass Generation, Flexible Generation, and Energy Solutions. The company provides renewable, dispatchable power, and system support services. It is involved in production and sale of biomass pellets; generation and sale of electricity from biomass assets, pumped storage, run-of-river hydro, and OCGTs assets; and processing and sale of waste-derived pellets, as well as supply of electricity to non-domestic customers. The company owns and operates Drax Power Station located in Selby, North Yorkshire; Cruachan Power Station, a pumped storage hydro station, with an installed capacity of 440 megawatts (MW) located in Argyll and Bute; and Lanark and Galloway hydro-electric power stations with an installed capacity of 126 MW located in south-west Scotland. In addition, it owns and operates Daldowie fuel plant that processes sludge, a plant that converts it into dry low-odour fuel pellets. Further, the company manufactures and sells compressed wood pellets; and supplies renewable electricity. Drax Group plc was incorporated in 2005 and is based in Selby, the United Kingdom.
Metrics to compare | DRXGY | Sector Sector - Average of metrics from a broad group of related Energy sector companies | Relationship RelationshipDRXGYPeersSector | |
|---|---|---|---|---|
P/E Ratio | 40.1x | 21.0x | 12.7x | |
PEG Ratio | −0.47 | −0.35 | 0.02 | |
Price/Book | 1.7x | 2.0x | 1.3x | |
Price / LTM Sales | 0.5x | 2.5x | 1.7x | |
Upside (Analyst Target) | - | 15.3% | 10.8% | |
Fair Value Upside | Unlock | 3.4% | 2.0% | Unlock |