NASDAQ: DKNGDraftkings 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)
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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
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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
Draftkings Stock FAQ
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