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 756.19 M. | |
| 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: Investors Heavily Search DraftKings Inc. Here is What You Need to Know |
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 |
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 | Amvescap Plc. | 2024-06-30 | 6.6 M | Fmr Inc | 2024-09-30 | 6.5 M | Ark Investment Management Llc | 2024-09-30 | 6 M | Nikko Asset Management Americas Inc | 2024-06-30 | 5.9 M | Atlas Venture Advisors, 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 | Samlyn Capital, Llc | 2024-09-30 | 5.7 M | Norges Bank | 2024-06-30 | 5.7 M | Vanguard Group Inc | 2024-09-30 | 42.5 M | Blackrock Inc | 2024-06-30 | 30.8 M |
Follow DraftKings' market capitalization trends
The company currently falls under 'Large-Cap' category with a current market capitalization of 20.97 B.Market Cap |
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Project DraftKings' profitablity
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.34) | (0.36) | |
| Return On Capital Employed | (0.33) | (0.35) | |
| Return On Assets | (0.20) | (0.21) | |
| Return On Equity | (0.95) | (1.00) |
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 -0.36. The current Return On Capital Employed is estimated to decrease to -0.35. At this time, DraftKings' Debt To Assets are most likely to increase slightly in the upcoming years. The DraftKings' current Fixed Asset Turnover is estimated to increase to 32.55, while Other Assets are projected to decrease to 0.95.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 1.82 | 1.74 | |
| Tangible Book Value Per Share | (1.59) | (1.51) | |
| Enterprise Value Over EBITDA | (27.92) | (29.32) | |
| Price Book Value Ratio | 19.41 | 18.44 | |
| Enterprise Value Multiple | (27.92) | (29.32) | |
| Price Fair Value | 19.41 | 18.44 | |
| 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 4.663 | Revenue 4.6 B | Quarterly Revenue Growth 0.387 | Revenue Per Share 9.655 | Return On Equity (0.44) |
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.
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 three 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 six months ago Payment of 19794 shares by Walden Marni M of DraftKings subject to Rule 16b-3 |
DraftKings Corporate Filings
F4 | 22nd of November 2024 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 |
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 |
8K | 2nd of August 2024 An amendment to a previously filed Form 8-K | 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 Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
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 9.655 | Quarterly Revenue Growth 0.387 | Return On Assets (0.07) | Return On Equity (0.44) |
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.