DraftKings Inc
NASDAQ:DKNG

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DraftKings Inc
NASDAQ:DKNG
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Price: 38.95 USD -3.47%
Market Cap: 19B USD
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Relative Value

The Relative Value of one DKNG stock under the Base Case scenario is 42.53 USD. Compared to the current market price of 38.95 USD, DraftKings Inc is Undervalued by 8%.

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
42.53 USD
Undervaluation 8%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
71
vs Industry
16
Median 3Y
4.4
Median 5Y
5.4
Industry
1.4
Forward
3.8
vs History
vs Industry
Median 3Y
-11.1
Median 5Y
-19
Industry
20.2
Forward
-49.4
vs History
6
vs Industry
1
Median 3Y
-12.9
Median 5Y
-48.8
Industry
9.8
vs History
11
vs Industry
0
Median 3Y
-8.6
Median 5Y
-10.1
Industry
18.6
vs History
15
vs Industry
3
Median 3Y
12.7
Median 5Y
11.5
Industry
2.2
vs History
61
vs Industry
19
Median 3Y
4.2
Median 5Y
5.3
Industry
1.9
Forward
3.8
vs History
74
vs Industry
15
Median 3Y
11.9
Median 5Y
13.7
Industry
3.8
vs History
vs Industry
Median 3Y
-13.3
Median 5Y
-25.7
Industry
10.7
Forward
69.6
vs History
vs Industry
Median 3Y
-11.1
Median 5Y
-21.9
Industry
16.5
Forward
-38.4
vs History
6
vs Industry
2
Median 3Y
-11.9
Median 5Y
-48
Industry
11.9
vs History
6
vs Industry
0
Median 3Y
-10.4
Median 5Y
-37
Industry
17.4
vs History
55
vs Industry
4
Median 3Y
7.6
Median 5Y
9
Industry
1.3

Multiples Across Competitors

DKNG Competitors Multiples
DraftKings Inc Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
US
DraftKings Inc
NASDAQ:DKNG
18.9B USD 4.1 -45.3 -83.7 -39
IE
Flutter Entertainment PLC
LSE:FLTR
37.5B GBP 2 -32.1 43.3 61.1
US
Las Vegas Sands Corp
NYSE:LVS
37.7B USD 3.3 24.9 11.4 17.4
AU
Aristocrat Leisure Ltd
ASX:ALL
43.3B AUD 6.6 33.2 22.9 22.9
MO
Sands China Ltd
HKEX:1928
173.6B HKD 3.1 21.1 12.8 19.8
HK
Galaxy Entertainment Group Ltd
HKEX:27
149.8B HKD 3.6 18 17.8 17.8
SE
Evolution AB (publ)
STO:EVO
170.9B SEK 7.2 12.9 9.9 10.9
ZA
Sun International Ltd
JSE:SUI
10.7B Zac 0 0 0 0
ZA
Tsogo Sun Gaming Ltd
JSE:TSG
10.6B Zac 0 0 0 0
US
MGM Resorts International
NYSE:MGM
10.1B USD 0.6 11.1 5.3 7.9
US
PENN Entertainment Inc
SWB:PN1
9.5B EUR 1.6 -18.4 37.9 -1 571.5
P/E Multiple
Earnings Growth P/E to Growth
US
DraftKings Inc
NASDAQ:DKNG
Average P/E: 20.2
Negative Multiple: -45.3
N/A N/A
IE
Flutter Entertainment PLC
LSE:FLTR
Negative Multiple: -32.1 N/A N/A
US
Las Vegas Sands Corp
NYSE:LVS
24.9
87%
0.3
AU
Aristocrat Leisure Ltd
ASX:ALL
33.2
59%
0.6
MO
Sands China Ltd
HKEX:1928
21.1
152%
0.1
HK
Galaxy Entertainment Group Ltd
HKEX:27
18
88%
0.2
SE
Evolution AB (publ)
STO:EVO
12.9
41%
0.3
ZA
S
Sun International Ltd
JSE:SUI
Not Available
38%
N/A
ZA
T
Tsogo Sun Gaming Ltd
JSE:TSG
Not Available N/A N/A
US
MGM Resorts International
NYSE:MGM
11.1
-27%
N/A
US
P
PENN Entertainment Inc
SWB:PN1
Negative Multiple: -18.4 N/A N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
US
DraftKings Inc
NASDAQ:DKNG
Average EV/EBITDA: 20.2
Negative Multiple: -83.7
N/A N/A
IE
Flutter Entertainment PLC
LSE:FLTR
43.3
176%
0.2
US
Las Vegas Sands Corp
NYSE:LVS
11.4
45%
0.3
AU
Aristocrat Leisure Ltd
ASX:ALL
22.9
59%
0.4
MO
Sands China Ltd
HKEX:1928
12.8
50%
0.3
HK
Galaxy Entertainment Group Ltd
HKEX:27
17.8
78%
0.2
SE
Evolution AB (publ)
STO:EVO
9.9
51%
0.2
ZA
S
Sun International Ltd
JSE:SUI
Not Available
23%
N/A
ZA
T
Tsogo Sun Gaming Ltd
JSE:TSG
Not Available N/A N/A
US
MGM Resorts International
NYSE:MGM
5.3
106%
0.1
US
P
PENN Entertainment Inc
SWB:PN1
37.9
142%
0.3
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
US
DraftKings Inc
NASDAQ:DKNG
Average EV/EBIT: 22.6
Negative Multiple: -39
N/A N/A
IE
Flutter Entertainment PLC
LSE:FLTR
61.1
1 731%
0
US
Las Vegas Sands Corp
NYSE:LVS
17.4
53%
0.3
AU
Aristocrat Leisure Ltd
ASX:ALL
22.9
35%
0.6
MO
Sands China Ltd
HKEX:1928
19.8
73%
0.3
HK
Galaxy Entertainment Group Ltd
HKEX:27
17.8
95%
0.2
SE
Evolution AB (publ)
STO:EVO
10.9
53%
0.2
ZA
S
Sun International Ltd
JSE:SUI
Not Available
24%
N/A
ZA
T
Tsogo Sun Gaming Ltd
JSE:TSG
Not Available N/A N/A
US
MGM Resorts International
NYSE:MGM
7.9
13%
0.6
US
P
PENN Entertainment Inc
SWB:PN1
Negative Multiple: -1 571.5
100%
N/A

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