DraftKings Net Worth
DraftKings Net Worth Breakdown | DKNG |
DraftKings Net Worth Analysis
DraftKings' net worth analysis, or its valuation, is the process of determining the total value of the company. This involves assessing a range of factors, including DraftKings' financial performance, assets, liabilities, and potential for growth. The ultimate goal is to provide a clear understanding of DraftKings' overall worth, which can help investors make informed investment decisions. There are several methods that can be used to perform DraftKings' net worth analysis. One common approach is to calculate DraftKings' market capitalization.Another approach is to use the price-to-earnings ratio (P/E ratio), which compares DraftKings' stock price to its earnings per share (EPS). Discounted cash flow (DCF) analysis is another popular method for assessing DraftKings' net worth. This approach calculates the present value of DraftKings' future cash flows, taking into account factors such as growth rate, profitability, and risk. By comparing the present value of DraftKings' cash flows to its current stock price, investors can gain a better understanding of the company's overall value. Finally, investors may use comparable company analysis to evaluate DraftKings' net worth. This involves comparing DraftKings' financial metrics to similar companies in the same industry. By identifying companies with similar financial characteristics, investors can gain insight into DraftKings' net worth relative to its peers.
Enterprise Value |
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To determine if DraftKings is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding DraftKings' net worth research are outlined below:
| The company reported the previous year's revenue of 3.67 B. Net Loss for the year was (802.14 M) with profit before overhead, payroll, taxes, and interest of 1.77 B. | |
| DraftKings currently holds about 1.51 B in cash with (1.75 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.38. | |
| Over 77.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from zacks.com: Why DraftKings Outpaced the Stock Market Today |
DraftKings Quarterly Good Will |
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DraftKings uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in DraftKings. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to DraftKings' previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 15th of February 2024 Upcoming Quarterly Report | View | |
| 2nd of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 15th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
DraftKings Target Price Consensus
DraftKings target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. DraftKings' target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
| 36 | Strong Buy |
Most DraftKings analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand DraftKings stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of DraftKings, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice Exposure ValuationDraftKings Target Price Projection
DraftKings' current and average target prices are 39.29 and 51.13, respectively. The current price of DraftKings is the price at which DraftKings is currently trading. On the other hand, DraftKings' target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.Current Price
DraftKings Market Quote on 18th of January 2025
Target Price
Analyst Consensus On DraftKings Target Price
Know DraftKings' Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as DraftKings is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading DraftKings backward and forwards among themselves. DraftKings' institutional investor refers to the entity that pools money to purchase DraftKings' securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Ark Investment Management Llc | 2024-09-30 | 6 M | Atlas Venture Advisors, Inc. | 2024-09-30 | 5.9 M | Nikko Asset Management Americas Inc | 2024-09-30 | 5.9 M | Capital Research Global Investors | 2024-09-30 | 5.8 M | Massachusetts Financial Services Company | 2024-09-30 | 5.8 M | Morgan Stanley - Brokerage Accounts | 2024-09-30 | 5.8 M | Samlyn Capital, Llc | 2024-09-30 | 5.7 M | Norges Bank | 2024-06-30 | 5.7 M | Macquarie Group Ltd | 2024-09-30 | 5.2 M | Vanguard Group Inc | 2024-09-30 | 42.5 M | Blackrock Inc | 2024-09-30 | 31.4 M |
Follow DraftKings' market capitalization trends
The company currently falls under 'Large-Cap' category with a current market capitalization of 19.35 B.Market Cap |
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Project DraftKings' profitablity
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.39) | (0.41) | |
| Return On Capital Employed | (0.30) | (0.31) | |
| Return On Assets | (0.18) | (0.19) | |
| Return On Equity | (0.86) | (0.90) |
When accessing DraftKings' net worth, it's important to look at multiple sources and consider different scenarios. For example, gross profit margin measures DraftKings' profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of DraftKings' profitability and make more informed investment decisions.
Evaluate DraftKings' management efficiency
DraftKings has return on total asset (ROA) of (0.0693) % which means that it has lost $0.0693 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.4443) %, meaning that it created substantial loss on money invested by shareholders. DraftKings' management efficiency ratios could be used to measure how well DraftKings manages its routine affairs as well as how well it operates its assets and liabilities. The current Return On Tangible Assets is estimated to decrease to -0.41. The current Return On Capital Employed is estimated to decrease to -0.31. At this time, DraftKings' Fixed Asset Turnover is most likely to decrease significantly in the upcoming years.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 1.63 | 1.74 | |
| Tangible Book Value Per Share | (1.83) | (1.74) | |
| Enterprise Value Over EBITDA | (25.13) | (26.39) | |
| Price Book Value Ratio | 22.32 | 21.20 | |
| Enterprise Value Multiple | (25.13) | (26.39) | |
| Price Fair Value | 22.32 | 21.20 | |
| Enterprise Value | 1.8 B | 1.4 B |
Leadership effectiveness at DraftKings is a strong indicator of its financial stability. We analyze various metrics to provide insights into the stock's investment viability.
Enterprise Value Revenue 4.2004 | Revenue | Quarterly Revenue Growth 0.387 | Revenue Per Share | Return On Equity |
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific DraftKings insiders, such as employees or executives, is commonly permitted as long as it does not rely on DraftKings' material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases DraftKings insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Dodge R Stanton over two weeks ago Disposition of 858 shares by Dodge R Stanton of DraftKings subject to Rule 16b-3 | ||
Erik Bradbury over a month ago Disposition of 1341 shares by Erik Bradbury of DraftKings at 43.65 subject to Rule 16b-3 | ||
Alan Ellingson over a month ago Disposition of 213 shares by Alan Ellingson of DraftKings subject to Rule 16b-3 | ||
Jason Robins over three months ago Disposition of 2828 shares by Jason Robins of DraftKings at 35.25 subject to Rule 16b-3 | ||
Sloan Harry over six months ago Disposition of 250000 shares by Sloan Harry of DraftKings at 38.15 subject to Rule 16b-3 | ||
Dodge R Stanton over six months ago Disposition of 11029 shares by Dodge R Stanton of DraftKings subject to Rule 16b-3 | ||
Walden Marni M over a year ago Payment of 19794 shares by Walden Marni M of DraftKings subject to Rule 16b-3 |
DraftKings Corporate Filings
F4 | 10th of January 2025 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
| 13th of December 2024 Other Reports | ViewVerify | |
13A | 12th of November 2024 The form used by investors holding more than 5% of a company's stock, to report their beneficial ownership pursuant to Rule 13d-1 or Rule 13d-2 under the Securities Exchange Act of 1934 | ViewVerify |
8K | 8th of November 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
DraftKings Earnings per Share Projection vs Actual
DraftKings Corporate Management
| Alan Ellingson | SVP Analytics | Profile | |
| Lori Kalani | Chief Officer | Profile | |
| Jason Robins | Chairman CoFounder | Profile | |
| Brian Angiolet | Chief Officer | Profile | |
| Joseph DeCristofaro | Vice Relations | Profile |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DraftKings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. For more detail on how to invest in DraftKings Stock please use our How to Invest in DraftKings guide.You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Is Hotels, Restaurants & Leisure space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of DraftKings. If investors know DraftKings will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about DraftKings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.87) | Revenue Per Share | Quarterly Revenue Growth 0.387 | Return On Assets | Return On Equity |
The market value of DraftKings is measured differently than its book value, which is the value of DraftKings that is recorded on the company's balance sheet. Investors also form their own opinion of DraftKings' value that differs from its market value or its book value, called intrinsic value, which is DraftKings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because DraftKings' market value can be influenced by many factors that don't directly affect DraftKings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between DraftKings' value and its price as these two are different measures arrived at by different means. Investors typically determine if DraftKings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DraftKings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.