Projected Income Statement: DraftKings Inc.

Forecast Balance Sheet: DraftKings Inc.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 -904 -58.1 -28.4 468 708 435 -13.3 -711
Change - 93.57% 51.12% 1,747.89% 51.28% -38.57% -103.06% -5,245.86%
Announcement Date 18/02/22 16/02/23 15/02/24 13/02/25 12/02/26 - - -
1USD in Million
Estimates

Cash Flow Forecast: DraftKings Inc.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 15.92 32.4 20.9 10.18 15.35 24.14 26.99 24.21
Change - 103.47% -35.49% -51.32% 50.86% 57.23% 11.82% -10.31%
Free Cash Flow (FCF) 1 -435.4 -657.9 -22.65 407.6 647.5 693.1 1,047 1,390
Change - -51.1% 96.56% 1,899.28% 58.86% 7.04% 51.06% 32.79%
Announcement Date 18/02/22 16/02/23 15/02/24 13/02/25 12/02/26 - - -
1USD in Million
Estimates

Forecast Financial Ratios: DraftKings Inc.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) -52.17% -32.22% -4.12% 3.8% 10.24% 11.41% 15.27% 18.76%
EBIT Margin (%) -120.49% -67.48% -21.53% -12.77% -0.26% 2.21% 7.08% 11.13%
EBT Margin (%) -117.1% -64.4% -21.59% -12.44% 0.12% 2.18% 6.44% 10.43%
Net margin (%) -117.53% -61.5% -21.88% -10.64% 0.06% 1.98% 5.85% 9.39%
FCF margin (%) -33.6% -29.37% -0.62% 8.55% 10.69% 10.2% 13.63% 15.76%
FCF / Net Income (%) 28.59% 47.75% 2.82% -80.35% 17,452.91% 514.42% 233.02% 167.82%

Profitability

        
ROA -39.61% -34.11% -4.75% 2.81% 0.08% 3.32% 7.6% 16.9%
ROE -69% -92.16% -74.17% -54.81% 0.45% 16.55% 80.34% 121.02%

Financial Health

        
Leverage (Debt/EBITDA) - - - 2.58x 1.14x 0.56x - -
Debt / Free cash flow - - - 1.15x 1.09x 0.63x - -

Capital Intensity

        
CAPEX / Current Assets (%) 1.23% 1.45% 0.57% 0.21% 0.25% 0.36% 0.35% 0.27%
CAPEX / EBITDA (%) -2.36% -4.49% -13.84% 5.61% 2.48% 3.11% 2.3% 1.46%
CAPEX / FCF (%) -3.66% -4.92% -92.27% 2.5% 2.37% 3.48% 2.58% 1.74%

Items per share

        
Cash flow per share 1 -1.042 -1.434 -0.0038 0.8667 1.337 1.421 2.208 3.077
Change - -37.62% 99.74% 22,907.89% 54.23% 6.33% 55.33% 39.37%
Dividend per Share 1 - - - - - - - -
Change - - - - - - - -
Book Value Per Share 1 4.116 2.936 1.778 2.066 1.276 1.475 2.265 3.638
Change - -28.68% -39.44% 16.24% -38.27% 15.62% 53.61% 60.58%
EPS 1 -3.78 -3.16 -1.73 -1.05 0.01 0.2754 0.905 1.656
Change - 16.4% 45.25% 39.31% 100.95% 2,654% 228.61% 83%
Nbr of stocks (in thousands) 406,453 448,848 466,242 487,628 497,773 496,129 496,129 496,129
Announcement Date 18/02/22 16/02/23 15/02/24 13/02/25 12/02/26 - - -
1USD
Estimates
2026 *2027 *
P/E ratio 90.5x 27.5x
PBR 16.9x 11x
EV / Sales 1.88x 1.61x
Yield - -

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
BBB
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
35
Last Close Price
24.93USD
Average target price
34.88USD
Spread / Average Target
+39.92%

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. DKNG Stock
  4. Financials DraftKings Inc.