DraftKings Inc.
General ticker "DKNG" information:
- Sector: Consumer Discretionary
- Industry: Gambling, Resorts & Casinos
- Capitalization: $19.5B (TTM average)
DraftKings Inc. follows the US Stock Market performance with the rate: 17.7%.
Estimated limits based on current volatility of 2.8%: low 33.40$, high 35.33$
Factors to consider:
- Total employees count: 5100 as of 2024
- US accounted for 97.5% of revenue in the fiscal year ended 2024-12-31
- Top business risk factors: Cybersecurity threats, Strategic risks and growth management, Operational and conduct risks, Market competition, Platform compatibility
- Price in estimated range
- Earnings for 9 months up through Q3 exceed our estimates
Stock Forecast*
* forecast is subjective and experimental, should not be used for any investment decisions
Long term estimates were made for the period from 2024-12-31 to 2026-12-31
- 2024-12-31 to 2025-12-31 estimated range: [25.23$, 48.50$]
- 2025-12-31 to 2026-12-31 estimated range: [22.74$, 44.10$]
Financial Metrics affecting the DKNG estimates:
- Negative: with PPE of -36.3 at the end of fiscal year the price was high
- Negative: negative Operating income
- Positive: Inventory ratio change, % of 0.21 <= 0.82
- Positive: 0.07 < Industry earnings per price (median), % of 0.13
- Positive: 19.35 < Shareholder equity ratio, % of 23.59 <= 42.53
- Positive: -4.41 < Investing cash flow per share per price, % of -3.06
- Negative: negative Net income
Short-term DKNG quotes
Long-term DKNG plot with estimates
Financial data
| YTD | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating Revenue | $2,240.46MM | $3,665.39MM | $4,767.70MM |
| Operating Expenses | $3,752.22MM | $4,454.62MM | $5,376.70MM |
| Operating Income | $-1,511.76MM | $-789.23MM | $-609.00MM |
| Non-Operating Income | $68.80MM | $-2.03MM | $15.84MM |
| Interest Expense | $2.65MM | $2.68MM | $2.96MM |
| R&D Expense | $318.25MM | $355.16MM | $397.11MM |
| Income(Loss) | $-1,442.96MM | $-791.25MM | $-593.16MM |
| Taxes | $-67.87MM | $10.17MM | $-86.34MM |
| Other Income(Loss) | $-2.90MM | $-0.72MM | $-0.47MM |
| Profit(Loss)* | $-1,377.99MM | $-802.14MM | $-507.29MM |
| Stockholders Equity | $1,322.69MM | $840.31MM | $1,010.63MM |
| Assets | $4,040.15MM | $3,944.87MM | $4,283.73MM |
| Operating Cash Flow | $-625.52MM | $-1.75MM | $417.77MM |
| Capital expenditure | $103.64MM | $113.39MM | $10.18MM |
| Investing Cash Flow | $-208.77MM | $-90.36MM | $-566.60MM |
| Financing Cash Flow | $-16.73MM | $-63.22MM | $-144.47MM |
| Earnings Per Share** | $-3.16 | $-1.73 | $-1.05 |
* Profit(Loss) attributable to entity.
** EPS are Split Adjusted, recent splits may be reflected with a delay.