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NASDAQ: DKNG
Draftkings Inc Stock

$45.41+0.06 (+0.13%)
Updated Mar 28, 2024
DKNG Price
$45.41
Fair Value Price
N/A
Market Cap
$21.51B
52 Week Low
$17.42
52 Week High
$49.57
P/E
-26.25x
P/B
25.59x
P/S
4.48x
PEG
N/A
Dividend Yield
N/A
Revenue
$3.67B
Earnings
-$802.14M
Gross Margin
37.5%
Operating Margin
-21.53%
Profit Margin
-21.9%
Debt to Equity
3.7
Operating Cash Flow
-$2M
Beta
1.39
Next Earnings
May 2, 2024
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 (34)
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Due Diligence Checks

DKNG is unprofitable, so we are unable to calculate its intrinsic value according to an updated version of Benjamin Graham's Formula from "The Intelligent Investor"
Below Benjamin Graham Formula Value Valuation
DKNG is poor value based on its book value relative to its share price (25.59x), compared to the US Gambling industry average (5.57x)
P/B vs Industry Valuation
DKNG is unprofitable, so we... subscribe to Premium to read more.
PEG Value Valuation
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DKNG News

Valuation

DKNG fair value

Fair Value of DKNG stock based on Discounted Cash Flow (DCF)
Price
$45.41
Fair Value
$38.46
Overvalued by
18.06%
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
-26.25x
Industry
-4.47x
Market
44.51x

DKNG price to book (PB)

For valuing companies that are loss-making or have lots of physical asset
Company
25.59x
Industry
5.57x
DKNG is poor value based... subscribe to Premium to read more.
P/B vs Industry Valuation

DKNG's financial health

Profit margin

Revenue
$1.2B
Net Income
-$44.6M
Profit Margin
-3.6%
DKNG's cash burn is expected... 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
$3.9B
Liabilities
$3.1B
Debt to equity
3.7
DKNG's short-term assets ($2.07B) exceed... subscribe to Premium to read more.
Short-term Liabilities Financials
DKNG's short-term assets ($2.07B) exceed... subscribe to Premium to read more.
Long-term Liabilities Financials
DKNG's debt relative to shareholder... subscribe to Premium to read more.
Shrinking Debt Financials
DKNG's debt to equity ratio... subscribe to Premium to read more.
Healthy Debt to Equity Financials

Cash flow

Operating
$72.1M
Investing
-$23.4M
Financing
-$12.7M
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$21.51B+0.13%-26.25x25.59x
LNW$9.17B-1.82%57.03x11.99x
CHDN$9.12B-0.43%22.30x10.20x
FLUT$35.03B-2.37%-28.66x3.49x
IGT$4.53B+1.94%26.64x2.89x

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 $49.57, and its 52-week low was $17.42. It is currently -8.39% from its 52-week high and 160.68% from its 52-week low.

How much is Draftkings stock worth today?

(NASDAQ: DKNG) Draftkings currently has 473,619,528 outstanding shares. With Draftkings stock trading at $45.41 per share, the total value of Draftkings stock (market capitalization) is $21.51B.

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 4 years would have been 352.74%, for an annualized return of 45.87% (not including any dividends or dividend reinvestments).

How much is Draftkings's stock price per share?

(NASDAQ: DKNG) Draftkings stock price per share is $45.41 today (as of Mar 28, 2024).

What is Draftkings's Market Cap?

(NASDAQ: DKNG) Draftkings's market cap is $21.51B, as of Mar 29, 2024.

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 $45.41 by DKNG's total outstanding shares of 473,619,528.
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