Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Drax Group's share price for the quarter that ended in Dec. 2023 was £4.897. Drax Group's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 385 Mil. Therefore, Drax Group's market cap for the quarter that ended in Dec. 2023 was £1,884 Mil.
Drax Group's quarterly market cap
declined
from Dec. 2022 (£2,819 Mil) to Jun. 2023 (£2,266 Mil) and
declined
from Jun. 2023 (£2,266 Mil) to Dec. 2023 (£1,884 Mil).
Drax Group's annual market cap
increased
from Dec. 2021 (£2,415 Mil) to Dec. 2022 (£2,819 Mil) but then
declined
from Dec. 2022 (£2,819 Mil) to Dec. 2023 (£1,884 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Drax Group's Enterprise Value for Today is £3,245 Mil.
Drax Group Market Cap Historical Data
The historical data trend for Drax Group's Market Cap 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.
For the Utilities - Renewable subindustry, Drax Group's Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap Distribution in the Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Drax Group's Market Cap distribution charts can be found below:
* The bar in red indicates where Drax Group's Market Cap falls into.
Drax Group Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Drax Group's Market Cap for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Drax Group (LSE:DRX) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Drax Group Market Cap Related Terms
Thank you for viewing the detailed overview of Drax Group's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
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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