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DraftKings Inc
NASDAQ:DKNG

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DraftKings Inc
NASDAQ:DKNG
Watchlist
Price: 41.94 USD 0.29%
Updated: May 2, 2024
Section:
 

Relative Value

The Relative Value of one DKNG stock under the Base Case scenario is 29.35 USD. Compared to the current market price of 41.94 USD, DraftKings Inc is Overvalued by 30%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

DKNG Relative Value
Base Case
29.35 USD
Overvaluation 30%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

5.4
P/S
P/S
Price to Sales
5.4
vs History
51
vs Industry
13
Median 3Y
5
Median 5Y
5.7
Industry
1.5
Forward
5.3
More Details
Negative
P/E
P/E
Price to Earnings
N/A
vs History
vs Industry
Median 3Y
-10.8
Median 5Y
-17.9
Industry
20.4
Forward
-75.8
More Details
Negative
P/OCF
P/OCF
Price to OCF
N/A
vs History
vs Industry
Median 3Y
-44.7
Median 5Y
-103.2
Industry
10.3
More Details
Negative
P/FCFE
P/FCFE
Price to FCFE
N/A
vs History
vs Industry
Median 3Y
-10.1
Median 5Y
-20.3
Industry
19.8
More Details
23.7
P/B
P/B
Price to Book Value
23.7
vs History
6
vs Industry
2
Median 3Y
10.6
Median 5Y
8.4
Industry
2.3
More Details
5.3
EV/S
EV/S
Enterprise Value to Sales
5.3
vs History
53
vs Industry
16
Median 3Y
4.9
Median 5Y
5.6
Industry
2
Forward
5.2
More Details
14.2
EV/GP
EV/GP
Enterprise Value to Gross Profit
14.2
vs History
51
vs Industry
12
Median 3Y
13.3
Median 5Y
14.8
Industry
4
More Details
Negative
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
N/A
vs History
vs Industry
Median 3Y
-13
Median 5Y
-23.3
Industry
11.5
Forward
225.3
More Details
Negative
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
N/A
vs History
vs Industry
Median 3Y
-10.8
Median 5Y
-19.7
Industry
17
Forward
-38.1
More Details
Negative
EV/OCF
EV/OCF
Enterprise Value to OCF
N/A
vs History
vs Industry
Median 3Y
-42.2
Median 5Y
-95.5
Industry
12.5
More Details
Negative
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
N/A
vs History
vs Industry
Median 3Y
-33.2
Median 5Y
-71.1
Industry
17.5
More Details
11.5
EV/IC
EV/IC
Enterprise Value to IC
11.5
vs History
38
vs Industry
3
Median 3Y
8.8
Median 5Y
9.3
Industry
1.4
More Details

Multiples Across Competitors

DKNG Competitors Multiples
DraftKings Inc Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
US
DraftKings Inc
NASDAQ:DKNG
19.9B USD 5.4 -24.9 -33.5 -24.9
US
Las Vegas Sands Corp
NYSE:LVS
34.3B USD 3.1 21.9 10.3 15.4
IE
Flutter Entertainment PLC
LSE:FLTR
26.9B GBP 2.3 -22 21.1 187.5
SE
Evolution AB (publ)
STO:EVO
258.1B SEK 12.3 20.7 16.9 18.7
HK
Galaxy Entertainment Group Ltd
HKEX:27
158.3B HKD 4.4 23.2 20.2 20.2
MO
Sands China Ltd
HKEX:1928
156.2B HKD 3.1 28.9 22.7 22.7
AU
Aristocrat Leisure Ltd
ASX:ALL
25.3B AUD 4 17.4 14.9 14.9
US
MGM Resorts International
NYSE:MGM
13.3B USD 0.8 11.6 7 10.6
ZA
Tsogo Sun Gaming Ltd
JSE:TSG
11.8B Zac 0 0 0 0
US
Wynn Resorts Ltd
NASDAQ:WYNN
10.6B USD 1.6 14.5 10.2 16.9
US
Churchill Downs Inc
NASDAQ:CHDN
9.6B USD 3.9 28.1 18.3 23.7

See Also

Summary
DKNG intrinsic value, competitors valuation, and company profile.
DCF Valuation
DKNG stock valuation using Discount Cash Flow valuation method.
Relative Valuation
DKNG stock valuation using valuation multiples.
Wall Street Estimates
DKNG price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
DKNG stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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