DraftKings Inc
NASDAQ:DKNG

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DraftKings Inc
NASDAQ:DKNG
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Price: 34.14 USD -0.32% Market Closed
Market Cap: 17.1B USD
Section:
Relative Value
Relative Value
Valuation Multiples
Multiples Across Competitors
See Also

Relative Value

The Relative Value of one DKNG stock under the Base Case scenario is 44.82 USD. Compared to the current market price of 34.14 USD, DraftKings Inc is Undervalued by 24%.

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
44.82 USD
Undervaluation 24%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

3.6
P/S
P/S
Price to Sales
3.6
vs History
93
vs Industry
17
Median 3Y
4.4
Median 5Y
5.1
Industry
1.4
Forward
2.6
More Details
Negative
P/E
P/E
Price to Earnings
N/A
vs History
vs Industry
Median 3Y
-14.7
Median 5Y
-19.5
Industry
19.1
Forward
68.8
More Details
40.9
P/OCF
P/OCF
Price to OCF
40.9
vs History
19
vs Industry
5
Median 3Y
-9.8
Median 5Y
-28.2
Industry
9.4
More Details
54.7
P/FCFE
P/FCFE
Price to FCFE
54.7
vs History
23
vs Industry
10
Median 3Y
-8.9
Median 5Y
-7.9
Industry
18.2
More Details
16.9
P/B
P/B
Price to Book Value
16.9
vs History
25
vs Industry
2
Median 3Y
14.6
Median 5Y
13.1
Industry
2.1
More Details
3.6
EV/S
EV/S
Enterprise Value to Sales
3.6
vs History
90
vs Industry
21
Median 3Y
4.2
Median 5Y
4.9
Industry
1.9
Forward
2.6
More Details
9.4
EV/GP
EV/GP
Enterprise Value to Gross Profit
9.4
vs History
93
vs Industry
15
Median 3Y
11.7
Median 5Y
13.3
Industry
3.8
More Details
Negative
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
N/A
vs History
vs Industry
Median 3Y
-18.4
Median 5Y
-26.4
Industry
10.7
Forward
17.6
More Details
Negative
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
N/A
vs History
vs Industry
Median 3Y
-14.7
Median 5Y
-22.5
Industry
16.3
Forward
67.3
More Details
40.7
EV/OCF
EV/OCF
Enterprise Value to OCF
40.7
vs History
19
vs Industry
6
Median 3Y
-8.4
Median 5Y
-25.4
Industry
11.5
More Details
54.5
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
54.5
vs History
19
vs Industry
9
Median 3Y
-7.6
Median 5Y
-21.7
Industry
16.9
More Details
7.4
EV/IC
EV/IC
Enterprise Value to IC
7.4
vs History
66
vs Industry
4
Median 3Y
7.3
Median 5Y
9.5
Industry
1.3
More Details

Multiples Across Competitors

DKNG Competitors Multiples
DraftKings Inc Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
Market Cap P/S P/E EV/EBITDA EV/EBIT
US
DraftKings Inc
NASDAQ:DKNG
17.1B USD 3.6 -33.7 -54.6 -29.2
IE
Flutter Entertainment PLC
LSE:FLTR
33.1B GBP 2.4 770.5 18.4 41.7
US
Las Vegas Sands Corp
NYSE:LVS
27.6B USD 2.5 21.1 9.3 14.8
AU
Aristocrat Leisure Ltd
ASX:ALL
42.3B AUD 6.4 32.5 22.5 22.5
HK
Galaxy Entertainment Group Ltd
HKEX:27
126B HKD 2.9 14.4 9.4 13.6
MO
Sands China Ltd
HKEX:1928
114.9B HKD 2.1 14.2 9.1 14
SE
Evolution AB (publ)
STO:EVO
139.7B SEK 5.7 10.4 7.7 8.5
ZA
Sun International Ltd
JSE:SUI
10.3B Zac 0 0 0 0
US
MGM Resorts International
NYSE:MGM
9.5B USD 0.5 12.7 5.5 8.3
US
Wynn Resorts Ltd
NASDAQ:WYNN
9B USD 1.3 17.9 8.9 13.6
ZA
Tsogo Sun Gaming Ltd
JSE:TSG
8.6B Zac 0 0 0 0
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
US
DraftKings Inc
NASDAQ:DKNG
Average EV/EBITDA: 11.3
Negative Multiple: -54.6 		N/A N/A
IE
Flutter Entertainment PLC
LSE:FLTR
18.4
38%
0.5
US
Las Vegas Sands Corp
NYSE:LVS
9.3
12%
0.8
AU
Aristocrat Leisure Ltd
ASX:ALL
22.5
17%
1.3
HK
Galaxy Entertainment Group Ltd
HKEX:27
9.4
14%
0.7
MO
Sands China Ltd
HKEX:1928
9.1
14%
0.6
SE
Evolution AB (publ)
STO:EVO
7.7
8%
1
ZA
S
Sun International Ltd
JSE:SUI
Not Available
5%
N/A
US
MGM Resorts International
NYSE:MGM
5.5
23%
0.2
US
Wynn Resorts Ltd
NASDAQ:WYNN
8.9
7%
1.3
ZA
T
Tsogo Sun Gaming Ltd
JSE:TSG
Not Available
-2%
N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
US
DraftKings Inc
NASDAQ:DKNG
Average EV/EBIT: 17.1
Negative Multiple: -29.2 		N/A N/A
IE
Flutter Entertainment PLC
LSE:FLTR
41.7
67%
0.6
US
Las Vegas Sands Corp
NYSE:LVS
14.8
13%
1.1
AU
Aristocrat Leisure Ltd
ASX:ALL
22.5
11%
2
HK
Galaxy Entertainment Group Ltd
HKEX:27
13.6
14%
1
MO
Sands China Ltd
HKEX:1928
14
10%
1.4
SE
Evolution AB (publ)
STO:EVO
8.5
7%
1.2
ZA
S
Sun International Ltd
JSE:SUI
Not Available
3%
N/A
US
MGM Resorts International
NYSE:MGM
8.3
6%
1.4
US
Wynn Resorts Ltd
NASDAQ:WYNN
13.6
5%
2.7
ZA
T
Tsogo Sun Gaming Ltd
JSE:TSG
Not Available
-2%
N/A

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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