Financials DraftKings Inc.

Equities

DKNG

US26142V1052

Casinos & Gaming

Real-time Estimate Cboe BZX 10:19:17 2024-05-01 EDT 5-day change 1st Jan Change
41.73 USD +0.41% Intraday chart for DraftKings Inc. +1.14% +17.21%

Valuation

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 18,238 11,165 5,112 16,435 19,769 - -
Enterprise Value (EV) 1 16,421 10,261 5,054 16,407 19,371 18,702 17,668
P/E ratio -16.9 x -7.27 x -3.6 x -20.4 x -227 x 51.6 x 23.3 x
Yield - - - - - - -
Capitalization / Revenue 29.7 x 8.62 x 2.28 x 4.48 x 4.1 x 3.41 x 2.88 x
EV / Revenue 26.7 x 7.92 x 2.26 x 4.48 x 4.02 x 3.23 x 2.58 x
EV / EBITDA -41.5 x -15.2 x -7 x -109 x 39.8 x 19 x 12 x
EV / FCF -47 x -23.6 x -7.68 x -724 x 49 x 20.8 x 13.7 x
FCF Yield -2.13% -4.24% -13% -0.14% 2.04% 4.81% 7.31%
Price to Book 6.84 x 6.67 x 3.88 x 19.8 x 16.5 x 12 x 7.7 x
Nbr of stocks (in thousands) 391,714 406,453 448,848 466,242 475,677 - -
Reference price 2 46.56 27.47 11.39 35.25 41.56 41.56 41.56
Announcement Date 21-02-26 22-02-18 23-02-16 24-02-15 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net sales 1 614.5 1,296 2,240 3,665 4,819 5,796 6,860
EBITDA 1 -395.9 -676.1 -721.8 -151 486.4 985.3 1,476
EBIT 1 -850 -1,562 -1,512 -789.2 -119.7 401.6 884.4
Operating Margin -138.32% -120.49% -67.48% -21.53% -2.48% 6.93% 12.89%
Earnings before Tax (EBT) 1 -844.3 -1,518 -1,443 -791.3 -94.34 415.5 972.3
Net income 1 -844.3 -1,523 -1,378 -802.1 -93.13 405.1 901.8
Net margin -137.38% -117.53% -61.5% -21.88% -1.93% 6.99% 13.14%
EPS 2 -2.760 -3.780 -3.160 -1.730 -0.1833 0.8061 1.786
Free Cash Flow 1 -349.6 -435.4 -657.9 -22.65 395 899.2 1,292
FCF margin -56.89% -33.6% -29.37% -0.62% 8.2% 15.51% 18.84%
FCF Conversion (EBITDA) - - - - 81.21% 91.27% 87.52%
FCF Conversion (Net income) - - - - - 221.96% 143.3%
Dividend per Share 2 - - - - - - -
Announcement Date 21-02-26 22-02-18 23-02-16 24-02-15 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 213 473 417 466 501.9 855.1 769.7 874.9 790 1,231 1,124 1,103 1,006 1,576 1,356
EBITDA 1 -313.6 -128 -289.5 -118.1 -264.2 -49.93 -221.6 72.97 -153.4 151 3.941 148.7 -17.91 344.9 113.7
EBIT 1 -546.5 -368.8 -515.6 -308.9 -455 -232.2 -389.8 -69.04 -286.6 -43.81 -142 5.064 -147.8 170.4 -37.68
Operating Margin -256.58% -77.96% -123.64% -66.29% -90.65% -27.16% -50.64% -7.89% -36.28% -3.56% -12.64% 0.46% -14.69% 10.81% -2.78%
Earnings before Tax (EBT) 1 -541 -322.9 -464.9 -298.3 -447.3 -232.6 -395.7 -76.3 -281.8 -37.49 -140.1 13.75 -147.7 182.5 -31.77
Net income 1 -545 -326.3 -467.7 -217.1 -450.5 -242.7 -397.1 -77.27 -283.1 -44.62 -141 21.05 -148.5 173.8 -36.4
Net margin -255.88% -68.98% -112.16% -46.59% -89.75% -28.38% -51.6% -8.83% -35.84% -3.63% -12.54% 1.91% -14.76% 11.03% -2.68%
EPS 2 -1.350 -0.8000 -1.140 -0.5000 -1.000 -0.5300 -0.8700 -0.1700 -0.6100 -0.1000 -0.2828 0.0388 -0.2957 0.3361 -0.0739
Dividend per Share 2 - - - - - - - - - - - - - - -
Announcement Date 21-11-05 22-02-18 22-05-06 22-08-05 22-11-04 23-02-16 23-05-04 23-08-03 23-11-02 24-02-15 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - -
Net Cash position 1 1,817 904 58.1 28.4 398 1,067 2,101
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow 1 -350 -435 -658 -22.7 395 899 1,292
ROE (net income / shareholders' equity) -63.8% -69% -92.2% -74.2% -12.4% 27.7% 40.3%
ROA (Net income/ Total Assets) -44.8% -39.6% -34.1% -4.75% 1.18% 14.9% 20.5%
Assets 1 1,885 3,846 4,040 16,882 -7,877 2,717 4,404
Book Value Per Share 2 6.800 4.120 2.940 1.780 2.520 3.470 5.390
Cash Flow per Share 2 -1.110 -1.040 -1.430 -0 0.9700 1.410 2.300
Capex 1 11.8 15.9 32.4 20.9 35 36.5 36.7
Capex / Sales 1.91% 1.23% 1.45% 0.57% 0.73% 0.63% 0.53%
Announcement Date 21-02-26 22-02-18 23-02-16 24-02-15 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
D
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
33
Last Close Price
41.56 USD
Average target price
51.57 USD
Spread / Average Target
+24.09%
Consensus
  1. Stock Market
  2. Equities
  3. DKNG Stock
  4. Financials DraftKings Inc.