Company Valuation: DraftKings Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 11,165 5,112 16,435 18,140 17,153 12,368 - -
Change - -54.21% 221.48% 10.37% -5.44% -27.89% - -
Enterprise Value (EV) 1 10,261 5,054 16,407 18,608 17,861 12,803 12,355 11,657
Change - -50.74% 224.61% 13.42% -4.01% -28.32% -3.5% -5.65%
P/E ratio -7.27x -3.6x -20.4x -35.4x 3,446x 90.5x 27.5x 15.1x
PBR 6.67x 3.88x 19.8x 18x 27x 16.9x 11x 6.85x
PEG - 0.2x 0.5x 0.9x -34x 0x 0x 0.2x
Capitalization / Revenue 8.62x 2.28x 4.48x 3.8x 2.83x 1.82x 1.61x 1.4x
EV / Revenue 7.92x 2.26x 4.48x 3.9x 2.95x 1.88x 1.61x 1.32x
EV / EBITDA -15.2x -7x -109x 103x 28.8x 16.5x 10.5x 7.05x
EV / EBIT -6.57x -3.34x -20.8x -30.6x -1,129x 85.2x 22.7x 11.9x
EV / FCF -23.6x -7.68x -724x 45.7x 27.6x 18.5x 11.8x 8.38x
FCF Yield -4.24% -13% -0.14% 2.19% 3.63% 5.41% 8.47% 11.9%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -3.78 -3.16 -1.73 -1.05 0.01 0.2754 0.905 1.656
Distribution rate - - - - - - - -
Net sales 1 1,296 2,240 3,665 4,768 6,055 6,797 7,683 8,819
EBITDA 1 -676.1 -721.8 -151 181.3 620 775.8 1,173 1,654
EBIT 1 -1,562 -1,512 -789.2 -609 -15.82 150.3 543.8 981.4
Net income 1 -1,523 -1,378 -802.1 -507.3 3.71 134.7 449.3 828.4
Net Debt 1 -904.4 -58.07 -28.44 468.1 708.1 434.7 -13.34 -711.3
Reference price 2 27.47 11.39 35.25 37.20 34.46 24.93 24.93 24.93
Nbr of stocks (in thousands) 406,453 448,848 466,242 487,628 497,773 496,129 - -
Announcement Date 18/02/22 16/02/23 15/02/24 13/02/25 12/02/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
90.52x1.88x16.5x-.--% 12.37B
20.06x5.22x12.26x1.95% 21.88B
12.13x2.02x7.11x5.15% 17.42B
43.48x1.52x9.87x-.--% 17.42B
13.03x2.5x8.67x6.67% 15.71B
12.09x5.61x8.59x4.32% 14.71B
32.67x3.65x18.16x3.14% 8.21B
18.33x3.4x8.51x2.18% 7.06B
14.93x2.31x8.64x2.51% 6.57B
Average 28.58x 3.12x 10.92x 2.88% 13.48B
Weighted average by Cap. 28.06x 3.22x 10.68x 2.95%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  4. Valuation DraftKings Inc.