Drax Group (CHIX:DRXL) EV-to-EBIT : 3.69 (As of May. 19, 2024)

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What is Drax Group EV-to-EBIT?

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Drax Group's Enterprise Value is £3,351 Mil. Drax Group's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was £907 Mil. Therefore, Drax Group's EV-to-EBIT for today is 3.69.

The historical rank and industry rank for Drax Group's EV-to-EBIT or its related term are showing as below:

CHIX:DRXl' s EV-to-EBIT Range Over the Past 10 Years
Min: -18.31 Med: 18.23 Max: 70.68
Current: 3.69

During the past 13 years, the highest EV-to-EBIT of Drax Group was 70.68. The lowest was -18.31. And the median was 18.23.

CHIX:DRXl's EV-to-EBIT is ranked better than
91.1% of 337 companies
in the Utilities - Independent Power Producers industry
Industry Median: 14.88 vs CHIX:DRXl: 3.69

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Drax Group's Enterprise Value for the quarter that ended in Dec. 2023 was £3,080 Mil. Drax Group's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was £907 Mil. Drax Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 29.45%.

Drax Group EV-to-EBIT Historical Data

The historical data trend for Drax Group's EV-to-EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Drax Group EV-to-EBIT Chart

Drax Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EV-to-EBIT

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54.33

-13.05

19.37

27.09

3.39

Drax Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EV-to-EBIT	Get a 7-Day Free Trial															19.37	-	27.09	-	3.39

Competitive Comparison of Drax Group's EV-to-EBIT

For the Utilities - Renewable subindustry, Drax Group's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Drax Group's EV-to-EBIT Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Drax Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Drax Group's EV-to-EBIT falls into.

Drax Group EV-to-EBIT Calculation

Drax Group's EV-to-EBIT for today is calculated as:

EV-to-EBIT	=	Enterprise Value (Today)	/	EBIT (TTM)
	=	3350.993	/	907.2
	=	3.69

Drax Group's current Enterprise Value is £3,351 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Drax Group's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was £907 Mil.

Drax Group (CHIX:DRXl) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

Drax Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Dec. 2023 )	=	EBIT	/	Enterprise Value (Q: Dec. 2023 )
	=	907.2	/	3080.381825
	=	29.45 %

Drax Group's Enterprise Value for the quarter that ended in Dec. 2023 was £3,080 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Drax Group's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was £907 Mil.

Drax Group EV-to-EBIT Related Terms

Thank you for viewing the detailed overview of Drax Group's EV-to-EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

Drax Group (CHIX:DRXL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Drax Group PLC (CHIX:DRXl) » Definitions » EV-to-EBIT

Comparable Companies

Traded in Other Exchanges

DRXGY:USA DRXGF:USA DRX:UK D9F2:Germany

Address

Drax Power Station, Selby, North Yorkshire, GBR, YO8 8PH

Website

http://www.drax.com

Drax Group PLC is a UK-based renewable energy company engaged in renewable power generation, the production of sustainable biomass and the sale of renewable electricity to businesses. It operates a generation portfolio of sustainable biomass, hydro-electric and pumped hydro storage assets across four sites in England and Scotland. The company also operates a global bioenergy supply business with manufacturing facilities at around 13 sites in the United States and Canada, producing compressed wood pellets for its own use and for customers in Europe and Asia.

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