DraftKings Financials
| DKNG Stock | USD 43.00 0.09 0.21% |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.52 | 1.3367 |
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Investors should never underestimate DraftKings' ability to pay suppliers on time, ensure interest payments are not accumulating, and correctly time where and how to reinvest extra cash. Individual investors need to monitor DraftKings' cash flow, debt, and profitability to make informed and accurate decisions about investing in DraftKings.
Net Income |
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DraftKings | Select Account or Indicator |
Understanding current and past DraftKings Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of DraftKings' financial statements are interrelated, with each one affecting the others. For example, an increase in DraftKings' assets may result in an increase in income on the income statement.
DraftKings Earnings Geography
DraftKings Stock Summary
DraftKings competes with Light Wonder, International Game, Everi Holdings, PlayAGS, and Accel Entertainment. DraftKings Inc. operates a digital sports entertainment and gaming company. DraftKings Inc. was founded in 2011 and is headquartered in Boston, Massachusetts. Draftkings operates under Gambling classification in the United States and is traded on NASDAQ Exchange. It employs 3400 people.| Foreign Associate | Mexico |
Specialization | Consumer Discretionary, Consumer Services |
| Instrument | USA Stock View All |
| Exchange | NASDAQ Exchange |
| ISIN | US26142V1052 |
| CUSIP | 26142V105 26142R104 25258L109 25258L208 |
| Location | Massachusetts; U.S.A |
| Business Address | 222 Berkeley Street, |
| Sector | Hotels, Restaurants & Leisure |
| Industry | Consumer Discretionary |
| Benchmark | Dow Jones Industrial |
| Website | www.draftkings.com |
| Phone | 617 986 6744 |
| Currency | USD - US Dollar |
DraftKings Key Financial Ratios
| Return On Equity | -0.44 | ||||
| Profit Margin | (0.09) % | ||||
| Operating Margin | (0.25) % | ||||
| Price To Sales | 4.56 X | ||||
| Revenue | 3.67 B |
DraftKings Key Balance Sheet Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Other Current Liab | 163.0M | 481.2M | 798.9M | 1.2B | 1.3B | 1.4B | |
| Other Liab | 56.9M | 119.4M | 155.3M | 150.6M | 173.2M | 96.8M | |
| Net Tangible Assets | (88.3M) | 1.6B | 527.9M | (340.6M) | (391.7M) | (372.1M) | |
| Retained Earnings | (998.8M) | (1.8B) | (3.8B) | (5.1B) | (5.9B) | (5.6B) | |
| Accounts Payable | 16.6M | 28.1M | 52.5M | 10.1M | 34.1M | 26.1M | |
| Other Assets | 2.4M | 78.7M | 45.4M | 124.1M | 1.0 | 0.95 | |
| Other Current Assets | 20.8M | 302.3M | 502.6M | 564.5M | 451.6M | 307.9M | |
| Total Current Assets | 261.1M | 2.2B | 2.8B | 2.1B | 2.1B | 1.5B | |
| Common Stock | 390K | 79K | 80K | 84K | 85K | 169.4K | |
| Total Assets | 330.7M | 3.4B | 4.1B | 4.0B | 3.9B | 3.0B | |
| Net Debt | (1.4M) | (1.7B) | (834.3M) | 15.5M | 75.6M | 79.4M | |
| Cash | 76.5M | 1.8B | 2.2B | 1.3B | 1.3B | 1.2B | |
| Net Receivables | 19.8M | 74.8M | 97.8M | 211.2M | 349.3M | 366.8M | |
| Inventory | 144M | 287.7M | 477.0M | 469.7M | 540.1M | 327.8M | |
| Total Liab | 638.7M | 742.5M | 2.4B | 2.7B | 3.1B | 1.8B | |
| Net Invested Capital | (232.8M) | 2.7B | 2.9B | 2.6B | 2.1B | 1.8B | |
| Capital Stock | 390K | 79K | 80K | 84K | 85K | 146.9K | |
| Net Working Capital | 6.1M | 1.6B | 1.8B | 838.4M | 521.7M | 897.6M | |
| Short Term Debt | 6.8M | 25.7M | 25.6M | 8.5M | 23.0M | 17.1M | |
| Intangible Assets | 33.9M | 555.9M | 535.0M | 776.9M | 690.6M | 478.4M |
DraftKings Key Income Statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Tax Provision | 944.5K | (622K) | 8.3M | (67.9M) | 13.0M | 13.7M | |
| Net Interest Income | 1.3M | (1.1M) | 2.0M | 18.7M | 48.0M | 50.4M | |
| Interest Expense | 3.9M | 1.1M | 2.0M | 18.7M | 2.7M | 4.4M | |
| Total Revenue | 323.4M | 614.5M | 1.3B | 2.2B | 3.7B | 3.8B | |
| Gross Profit | 219.5M | 267.9M | 501.9M | 756.2M | 1.4B | 1.4B | |
| Operating Income | (146.5M) | (843.3M) | (1.6B) | (1.5B) | (789.2M) | (828.7M) | |
| Ebit | (146.5M) | (806.9M) | (1.5B) | (1.4B) | (788.6M) | (828.0M) | |
| Research Development | 55.9M | 168.6M | 253.7M | 318.2M | 355.2M | 189.3M | |
| Ebitda | (132.9M) | (729.4M) | (1.4B) | (1.3B) | (586.7M) | (616.0M) | |
| Cost Of Revenue | 103.9M | 346.6M | 794.2M | 1.5B | 2.3B | 2.4B | |
| Income Before Tax | (142.2M) | (844.3M) | (1.5B) | (1.4B) | (791.3M) | (830.8M) | |
| Net Income | (142.3M) | (843.7M) | (1.5B) | (1.4B) | (802.1M) | (842.2M) | |
| Income Tax Expense | 58K | (622K) | 8.3M | (67.9M) | 10.2M | 10.7M |
DraftKings Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining DraftKings's current stock value. Our valuation model uses many indicators to compare DraftKings value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across DraftKings competition to find correlations between indicators driving DraftKings's intrinsic value. More Info.DraftKings is rated below average in return on equity category among its peers. It also is rated below average in return on asset category among its peers . At this time, DraftKings' Return On Equity is most likely to increase significantly in the upcoming years. Comparative valuation analysis is a catch-all technique that is used if you cannot value DraftKings by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.DraftKings Systematic Risk
DraftKings' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. DraftKings volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twelve with a total number of output elements of fourty-nine. The Beta measures systematic risk based on how returns on DraftKings correlated with the market. If Beta is less than 0 DraftKings generally moves in the opposite direction as compared to the market. If DraftKings Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one DraftKings is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of DraftKings is generally in the same direction as the market. If Beta > 1 DraftKings moves generally in the same direction as, but more than the movement of the benchmark.
DraftKings Thematic Clasifications
DraftKings is part of several thematic ideas from Gambling to Online Gaming. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic IdeasToday, most investors in DraftKings Stock are looking for potential investment opportunities by analyzing not only static indicators but also various DraftKings' growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of DraftKings growth as a starting point in their analysis.
Price Earnings To Growth Ratio |
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DraftKings November 26, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of DraftKings help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of DraftKings. We use our internally-developed statistical techniques to arrive at the intrinsic value of DraftKings based on widely used predictive technical indicators. In general, we focus on analyzing DraftKings Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build DraftKings's daily price indicators and compare them against related drivers.
| Downside Deviation | 2.39 | |||
| Information Ratio | 0.0805 | |||
| Maximum Drawdown | 11.15 | |||
| Value At Risk | (3.47) | |||
| Potential Upside | 5.0 |
Complementary Tools for DraftKings Stock analysis
When running DraftKings' price analysis, check to measure DraftKings' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy DraftKings is operating at the current time. Most of DraftKings' value examination focuses on studying past and present price action to predict the probability of DraftKings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DraftKings' price. Additionally, you may evaluate how the addition of DraftKings to your portfolios can decrease your overall portfolio volatility.
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