DRAFTKINGS INC-CL A (DKNG) Fundamental Analysis & Valuation

NASDAQ:DKNG • US26142V1052

Current stock price

23.16 USD
+1 (+4.51%)
At close:
23.08 USD
-0.08 (-0.35%)
After Hours:

This DKNG fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

1

1. DKNG Profitability Analysis

1.1 Basic Checks

  • DKNG had negative earnings in the past year.
  • In the past year DKNG had a positive cash flow from operations.
  • DKNG had negative earnings in 4 of the past 5 years.
  • In multiple years DKNG reported negative operating cash flow during the last 5 years.
DKNG Yearly Net Income VS EBIT VS OCF VS FCFDKNG Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 2023 2024 2025 0 500M -500M -1B -1.5B

1.2 Ratios

  • The Return On Assets of DKNG (0.08%) is worse than 62.70% of its industry peers.
  • DKNG has a Return On Equity (0.59%) which is in line with its industry peers.
Industry RankSector Rank
ROA 0.08%
ROE 0.59%
ROIC N/A
ROA(3y)-10.7%
ROA(5y)-20.73%
ROE(3y)-48.36%
ROE(5y)-68%
ROIC(3y)N/A
ROIC(5y)N/A
DKNG Yearly ROA, ROE, ROICDKNG Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 2024 2025 0 100 -100 200

1.3 Margins

  • The Profit Margin of DKNG (0.06%) is worse than 62.70% of its industry peers.
  • DKNG has a worse Gross Margin (41.25%) than 63.49% of its industry peers.
  • DKNG's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM N/A
PM (TTM) 0.06%
GM 41.25%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y6.92%
GM growth 5Y-1.1%
DKNG Yearly Profit, Operating, Gross MarginsDKNG Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 2024 2025 0 50 -50 -100 -150 -200

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. DKNG Health Analysis

2.1 Basic Checks

  • DKNG does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • Compared to 1 year ago, DKNG has more shares outstanding
  • DKNG has more shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, DKNG has a worse debt to assets ratio.
DKNG Yearly Shares OutstandingDKNG Yearly Shares OutstandingYearly Shares Outstanding 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M
DKNG Yearly Total Debt VS Total AssetsDKNG Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B

2.2 Solvency

  • Based on the Altman-Z score of 1.11, we must say that DKNG is in the distress zone and has some risk of bankruptcy.
  • DKNG has a worse Altman-Z score (1.11) than 61.90% of its industry peers.
  • DKNG has a debt to FCF ratio of 3.56. This is a good value and a sign of high solvency as DKNG would need 3.56 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 3.56, DKNG is in the better half of the industry, outperforming 79.37% of the companies in the same industry.
  • A Debt/Equity ratio of 2.91 is on the high side and indicates that DKNG has dependencies on debt financing.
  • DKNG has a Debt to Equity ratio (2.91) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 2.91
Debt/FCF 3.56
Altman-Z 1.11
ROIC/WACCN/A
WACC8.09%
DKNG Yearly LT Debt VS Equity VS FCFDKNG Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B

2.3 Liquidity

  • A Current Ratio of 1.03 indicates that DKNG should not have too much problems paying its short term obligations.
  • DKNG has a Current ratio (1.03) which is comparable to the rest of the industry.
  • A Quick Ratio of 1.03 indicates that DKNG should not have too much problems paying its short term obligations.
  • DKNG has a Quick ratio (1.03) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 1.03
Quick Ratio 1.03
DKNG Yearly Current Assets VS Current LiabilitesDKNG Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B 2.5B

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. DKNG Growth Analysis

3.1 Past

  • DKNG shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 96.23%, which is quite impressive.
  • DKNG shows a strong growth in Revenue. In the last year, the Revenue has grown by 26.99%.
  • The Revenue has been growing by 58.02% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)96.23%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%189.29%
Revenue 1Y (TTM)26.99%
Revenue growth 3Y39.29%
Revenue growth 5Y58.02%
Sales Q2Q%42.82%

3.2 Future

  • Based on estimates for the next years, DKNG will show a very strong growth in Earnings Per Share. The EPS will grow by 145.24% on average per year.
  • The Revenue is expected to grow by 12.98% on average over the next years. This is quite good.
EPS Next Y1071.88%
EPS Next 2Y452.52%
EPS Next 3Y273.64%
EPS Next 5Y145.24%
Revenue Next Year13.81%
Revenue Next 2Y13.36%
Revenue Next 3Y13.54%
Revenue Next 5Y12.98%

3.3 Evolution

  • Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
DKNG Yearly Revenue VS EstimatesDKNG Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2B 4B 6B 8B 10B
DKNG Yearly EPS VS EstimatesDKNG Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 0 2 -2 4 6

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Find the best growth stocksShow best growing peers

3

4. DKNG Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings Ratio is negative for DKNG. In the last year negative earnings were reported.
  • DKNG is valuated quite expensively with a Price/Forward Earnings ratio of 59.58.
  • Based on the Price/Forward Earnings ratio, DKNG is valued a bit more expensive than the industry average as 65.08% of the companies are valued more cheaply.
  • DKNG's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 22.84.
Industry RankSector Rank
PE N/A
Fwd PE 59.58
DKNG Price Earnings VS Forward Price EarningsDKNG Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 -200 -400

4.2 Price Multiples

  • 80.16% of the companies in the same industry are cheaper than DKNG, based on the Enterprise Value to EBITDA ratio.
  • 63.49% of the companies in the same industry are more expensive than DKNG, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 22.11
EV/EBITDA 43.96
DKNG Per share dataDKNG EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10

4.3 Compensation for Growth

  • DKNG's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • A more expensive valuation may be justified as DKNG's earnings are expected to grow with 273.64% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y452.52%
EPS Next 3Y273.64%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. DKNG Dividend Analysis

5.1 Amount

  • DKNG does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

DKNG Fundamentals: All Metrics, Ratios and Statistics

DRAFTKINGS INC-CL A

NASDAQ:DKNG (4/2/2026, 8:19:28 PM)

After market: 23.08 -0.08 (-0.35%)

23.16

+1 (+4.51%)

Chartmill FA Rating
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)02-12
Earnings (Next)04-30
Inst Owners87.73%
Inst Owner Change-9.37%
Ins Owners2.84%
Ins Owner Change18.4%
Market Cap11.42B
Revenue(TTM)6.05B
Net Income(TTM)3.71M
Analysts80
Price Target36.87 (59.2%)
Short Float %7.85%
Short Ratio2.21
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)23.27%
Min EPS beat(2)-21.61%
Max EPS beat(2)68.16%
EPS beat(4)3
Avg EPS beat(4)39.73%
Min EPS beat(4)-21.61%
Max EPS beat(4)91.4%
EPS beat(8)4
Avg EPS beat(8)143.54%
EPS beat(12)7
Avg EPS beat(12)87.93%
EPS beat(16)11
Avg EPS beat(16)72.07%
Revenue beat(2)0
Avg Revenue beat(2)-4.66%
Min Revenue beat(2)-7.74%
Max Revenue beat(2)-1.57%
Revenue beat(4)1
Avg Revenue beat(4)-2.4%
Min Revenue beat(4)-7.74%
Max Revenue beat(4)4.67%
Revenue beat(8)2
Avg Revenue beat(8)-2.09%
Revenue beat(12)5
Avg Revenue beat(12)0.8%
Revenue beat(16)8
Avg Revenue beat(16)1.93%
PT rev (1m)-1.17%
PT rev (3m)-19.28%
EPS NQ rev (1m)29.87%
EPS NQ rev (3m)-15.5%
EPS NY rev (1m)-38.04%
EPS NY rev (3m)-48.44%
Revenue NQ rev (1m)0.06%
Revenue NQ rev (3m)-4.68%
Revenue NY rev (1m)-3.82%
Revenue NY rev (3m)-6.46%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 59.58
P/S 1.89
P/FCF 22.11
P/OCF 17.22
P/B 18.08
P/tB N/A
EV/EBITDA 43.96
EPS(TTM)-0.04
EYN/A
EPS(NY)0.39
Fwd EY1.68%
FCF(TTM)1.05
FCFY4.52%
OCF(TTM)1.34
OCFY5.81%
SpS12.28
BVpS1.28
TBVpS-3.76
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA 0.08%
ROE 0.59%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 0.06%
GM 41.25%
FCFM 8.53%
ROA(3y)-10.7%
ROA(5y)-20.73%
ROE(3y)-48.36%
ROE(5y)-68%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y6.92%
GM growth 5Y-1.1%
F-Score8
Asset Turnover1.34
Health
Industry RankSector Rank
Debt/Equity 2.91
Debt/FCF 3.56
Debt/EBITDA 6.92
Cap/Depr 53.18%
Cap/Sales 2.42%
Interest Coverage N/A
Cash Conversion 249.97%
Profit Quality 13917.8%
Current Ratio 1.03
Quick Ratio 1.03
Altman-Z 1.11
F-Score8
WACC8.09%
ROIC/WACCN/A
Cap/Depr(3y)47.48%
Cap/Depr(5y)50.19%
Cap/Sales(3y)2.47%
Cap/Sales(5y)3.31%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)96.23%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%189.29%
EPS Next Y1071.88%
EPS Next 2Y452.52%
EPS Next 3Y273.64%
EPS Next 5Y145.24%
Revenue 1Y (TTM)26.99%
Revenue growth 3Y39.29%
Revenue growth 5Y58.02%
Sales Q2Q%42.82%
Revenue Next Year13.81%
Revenue Next 2Y13.36%
Revenue Next 3Y13.54%
Revenue Next 5Y12.98%
EBIT growth 1Y98.23%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year1089.01%
EBIT Next 3Y184.8%
EBIT Next 5Y101.22%
FCF growth 1Y65.55%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y58.67%
OCF growth 3YN/A
OCF growth 5YN/A

DRAFTKINGS INC-CL A / DKNG Fundamental Analysis FAQ

What is the fundamental rating for DKNG stock?

ChartMill assigns a fundamental rating of 3 / 10 to DKNG.


What is the valuation status of DRAFTKINGS INC-CL A (DKNG) stock?

ChartMill assigns a valuation rating of 3 / 10 to DRAFTKINGS INC-CL A (DKNG). This can be considered as Overvalued.


How profitable is DRAFTKINGS INC-CL A (DKNG) stock?

DRAFTKINGS INC-CL A (DKNG) has a profitability rating of 1 / 10.


Can you provide the financial health for DKNG stock?

The financial health rating of DRAFTKINGS INC-CL A (DKNG) is 3 / 10.