WallStreetZenWallStreetZen

NASDAQ: DKNG
Draftkings Inc Stock

$17.73+0.25 (+1.43%)
Updated Mar 24, 2023
DKNG Price
$17.73
Fair Value Price
$22.01
Market Cap
$14.98B
52 Week Low
$9.77
52 Week High
$21.62
P/E
-5.61x
P/B
11.32x
P/S
4.28x
PEG
N/A
Dividend Yield
N/A
Revenue
$2.24B
Earnings
-$1.38B
Gross Margin
33.8%
Operating Margin
-65.37%
Profit Margin
-61.5%
Debt to Equity
2.05
Operating Cash Flow
-$626M
Beta
1.34
Next Earnings
May 5, 2023
Ex-Dividend
N/A
Next Dividend
N/A

DKNG Overview

DraftKings Inc. operates a digital sports entertainment and gaming company. It offers multi-channel sports betting and gaming technologies, powering sports and gaming entertainment for operators in 17 countries. The company operates iGaming through its DraftKings brand in 5 states, as well as operates Golden Nugget Online Gaming, an iGaming product and gaming brand in 3 states. Its Sportsbook is live with mobile and/or retail betting operations in the United States pursuant to regulations in 18 states. The company's daily fantasy sports product is available in 6 countries internationally with 15 distinct sports categories. In addition, it offers DraftKings Marketplace, a digital collectibles ecosystem designed for mainstream accessibility that offers curated NFT drops and supports secondary-market transactions, as well as owns Vegas Sports Information Network (VSiN), a multi-platform broadcast and content company. DraftKings Inc. was founded in 2011 and is headquartered in Boston, Massachusetts.

Zen Score

Industry Average (30)
You've viewed Zen Score for 10/10 free stocks. Upgrade to Premium to see how DKNG scored across 33 valuation, financial, forecast, performance, and dividend due diligence checks.

Due Diligence Checks

DKNG ($17.73) is undervalued by 19.46% relative to our estimate of its Fair Value price of $22.01 based on Discounted Cash Flow (DCF) modelling, but does not have a significant margin of safety
Below Fair Value Valuation
DKNG ($17.73) is not significantly undervalued (19.46%) relative to our estimate of its Fair Value price of $22.01 based on Discounted Cash Flow (DCF) modelling, when including a healthy margin of safety
Significantly Below Fair Value Valuation
DKNG is unprofitable, so we... subscribe to Premium to read more.
Below Benjamin Graham Formula Value Valuation
There are 30 more DKNG due diligence checks available for Premium users.

Be the first to know about important DKNG news, forecast changes, insider trades & much more!

DKNG News

Valuation

DKNG fair value

Fair Value of DKNG stock based on Discounted Cash Flow (DCF)
Price
$17.73
Fair Value
$22.01
Undervalued by
19.46%
DKNG ($17.73) is undervalued by... subscribe to Premium to read more.
Below Fair Value Valuation
DKNG ($17.73) is not significantly... subscribe to Premium to read more.
Significantly Below Fair Value Valuation
DKNG is unprofitable, so we... subscribe to Premium to read more.
Below Benjamin Graham Formula Value Valuation

DKNG price to earnings (PE)

For valuing profitable companies with steady earnings
Company
-5.61x
Industry
6.67x
Market
21.37x

DKNG price to book (PB)

For valuing companies that are loss-making or have lots of physical asset
Company
11.32x
Industry
6.81x
DKNG is poor value based... subscribe to Premium to read more.
P/B vs Industry Valuation

DKNG's financial health

Profit margin

Revenue
$855.1M
Net Income
-$242.7M
Profit Margin
-28.4%
DKNG's cash and short-term investments... subscribe to Premium to read more.
Interest Coverage Financials
DKNG's profit margin has increased... subscribe to Premium to read more.
Profit Margin Growth Financials

Assets to liabilities

Assets
$4.0B
Liabilities
$2.7B
Debt to equity
2.05
DKNG's short-term assets ($2.08B) exceed... subscribe to Premium to read more.
Short-term Liabilities Financials
DKNG's short-term assets ($2.08B) exceed... subscribe to Premium to read more.
Long-term Liabilities Financials
DKNG's debt to equity ratio... subscribe to Premium to read more.
Healthy Debt to Equity Financials

Cash flow

Operating
-$148.5M
Investing
-$36.8M
Financing
$111.0k
DKNG's cash and short-term investments... subscribe to Premium to read more.
Debt Coverage Financials

DKNG vs Gambling Stocks

TickerMarket Cap1d %P/EP/B
DKNG$14.98B+1.43%-5.61x11.32x
CHDN$9.05B-1.02%20.91x16.42x
LNW$5.17B+0.67%1.47x5.22x
IGT$4.97B+0.16%17.09x3.24x
SGHC$1.86B+0.26%N/A4.13x

Draftkings Stock FAQ

What is Draftkings's quote symbol?

NASDAQ: DKNG) Draftkings trades on the NASDAQ under the ticker symbol DKNG. Draftkings stock quotes can also be displayed as NASDAQ: DKNG.

If you're new to stock investing, here's how to buy Draftkings stock.

What is the 52 week high and low for Draftkings (NASDAQ: DKNG)?

(NASDAQ: DKNG) Draftkings's 52-week high was $21.62, and its 52-week low was $9.77. It is currently -17.99% from its 52-week high and 81.47% from its 52-week low.

How much is Draftkings stock worth today?

(NASDAQ: DKNG) Draftkings currently has 844,644,219 outstanding shares. With Draftkings stock trading at $17.73 per share, the total value of Draftkings stock (market capitalization) is $14.98B.

Draftkings stock was originally listed at a price of $10.03 in May 10, 2019. If you had invested in Draftkings stock at $10.03, your return over the last 3 years would have been 76.77%, for an annualized return of 20.91% (not including any dividends or dividend reinvestments).

How much is Draftkings's stock price per share?

(NASDAQ: DKNG) Draftkings stock price per share is $17.73 today (as of Mar 24, 2023).

What is Draftkings's Market Cap?

(NASDAQ: DKNG) Draftkings's market cap is $14.98B, as of Mar 28, 2023.

Market cap (market capitalization) is the total market value of a publicly traded company's outstanding shares.

Draftkings's market cap is calculated by multiplying DKNG's current stock price of $17.73 by DKNG's total outstanding shares of 844,644,219.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.