Drax Group (MEX:DRX N) 3-Year Share Buyback Ratio : 2.50% (As of Dec. 2024)

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What is Drax Group 3-Year Share Buyback Ratio?

Shares Outstanding (EOP) are shares that have been authorized, issued, and purchased by investors and are held by them.

3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. A positive ratio may indicate share buybacks over the period, while a zero or negative ratio may reflect no repurchases or potential share issuance. Drax Group's current 3-Year Share Buyback Ratio was 2.50%.

The historical rank and industry rank for Drax Group's 3-Year Share Buyback Ratio or its related term are showing as below:

MEX:DRX N' s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -3.5 Med: -0.35 Max: 2.5
Current: 2.5

During the past 13 years, Drax Group's highest 3-Year Share Buyback Ratio was 2.50%. The lowest was -3.50%. And the median was -0.35%.

MEX:DRX N's 3-Year Share Buyback Ratio is ranked better than
94.52% of 219 companies
in the Utilities - Independent Power Producers industry
Industry Median: -4.7 vs MEX:DRX N: 2.50

Competitive Comparison of Drax Group's 3-Year Share Buyback Ratio

For the Utilities - Renewable subindustry, Drax Group's 3-Year Share Buyback Ratio, along with its competitors' market caps and 3-Year Share Buyback Ratio 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 3-Year Share Buyback Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Drax Group's 3-Year Share Buyback Ratio distribution charts can be found below:

* The bar in red indicates where Drax Group's 3-Year Share Buyback Ratio falls into.

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Drax Group 3-Year Share Buyback Ratio Calculation

This is the annualized percentage change in shares outstanding from three years ago to the current year. The annualized percentage change is calculated with expontential compound based on the latest four years of annual data on Shares Outstanding (EOP).

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Drax Group (MEX:DRX N) 3-Year Share Buyback Ratio Explanation

A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.

Be Aware

Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.

Drax Group 3-Year Share Buyback Ratio Related Terms

Thank you for viewing the detailed overview of Drax Group's 3-Year Share Buyback Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Drax Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Drax Group PLC (MEX:DRX N) » Definitions » 3-Year Share Buyback Ratio

Comparable Companies

Traded in Other Exchanges

DRXGY:USA DRXGF:USA DRXl:UK DRX:UK

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 in the United States and Canada, producing compressed wood pellets for its own use and for customers in Europe and Asia. Its segments include Pellet Production, Generation, and Customers. The majority of its revenue is generated from the Customers segment which sells renewable electricity to industrial and commercial customers in the United Kingdom.

Drax Group Headlines

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