Draftkings Inc
NASDAQ:DKNG
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Draftkings Inc
NASDAQ:DKNG
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Intrinsic Value
The intrinsic value of Draftkings Inc (DKNG) under the Base Case is 44.61 USD per share.
Compared with the current market price of 18.99 USD, the stock appears
Undervalued by 57% .
The intrinsic value is calculated using the DCF method. The model assumes DraftKings' operating margin rises from -0.2% last year to 16% by 2033. If its margin stayed at its five-year average of -44%, the estimate would be about -$105.
Do our valuations actually work? See backtest results .
Cheap or expensive for this stock?
This block shows whether today’s valuation is cheap or expensive compared with the stock’s own history, and what happened after similar valuations in the past.
We compare the gap between the stock’s price and our estimated value over time.
- Undervalued can still be historically expensive. The stock may trade below our estimated value, but usually offer an even bigger discount.
- Overvalued can still be historically cheap. The stock may trade above our estimated value, but usually carry an even higher premium.
Market expectations can differ from our model, which may not fully capture everything affecting the price. That is why some stocks regularly trade above our estimated value and others below it.
The scale and chart show how today’s valuation compares with the past. The cards summarize past returns and waiting times until the stock stopped being cheap or expensive. This can happen because the price changed, our estimated value changed, or both.
Only completed periods are included. These are past results, not forecasts. The usual historical range does not necessarily mean fair value.
Fundamental Analysis
What Draftkings Does
DraftKings is a digital gaming company best known for online sports betting, fantasy sports, and online casino-style games. It builds apps and websites where customers can place bets on live sports, enter fantasy contests, and play games such as blackjack, slots, and roulette in states and markets where those products are allowed. Its main customers are individual consumers, especially sports fans who want to bet or play from a phone or computer.
- Headquarters
- United States of America US
- Employees
- 5 500
- IPO date
- Jul 3, 2019
Earnings Waterfall
Draftkings Inc
The intrinsic value for Draftkings Inc (DKNG) under the Base Case is 44.61 USD.
Compared with the current market price of 18.99 USD, the stock appears Undervalued by 57% .