DraftKings Historical Financial Ratios
| DKNG Stock | USD 37.92 0.54 1.40% |
DraftKings is recently reporting on over 103 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as PTB Ratio of 18.44 or Days Sales Outstanding of 24.39 will help investors to properly organize and evaluate DraftKings financial condition quickly.
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About DraftKings Financial Ratios Analysis
DraftKingsFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate DraftKings investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on DraftKings financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across DraftKings history.
DraftKings Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing DraftKings stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on DraftKings sales, a figure that is much harder to manipulate than other DraftKings multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.Average Payables
The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.Ev To Sales
The Enterprise Value to Sales ratio, a valuation metric used to compare the value of a company, including debt and excluding cash, to its sales revenue.Most ratios from DraftKings' fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into DraftKings current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DraftKings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. For more detail on how to invest in DraftKings Stock please use our How to Invest in DraftKings guide.At this time, DraftKings' Payables Turnover is most likely to increase significantly in the upcoming years. The DraftKings' current Research And Ddevelopement To Revenue is estimated to increase to 0.18, while PTB Ratio is projected to decrease to 18.44.
| 2021 | 2022 | 2023 | 2024 (projected) | Payables Turnover | 15.12 | 146.26 | 67.17 | 70.52 | Days Of Inventory On Hand | 219.21 | 115.49 | 132.82 | 126.18 |
DraftKings fundamentals Correlations
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DraftKings Account Relationship Matchups
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DraftKings fundamentals Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Price To Sales Ratio | 6.11 | 23.15 | 8.53 | 2.22 | 4.45 | 4.23 | |
| Ptb Ratio | (6.41) | 5.28 | 6.59 | 3.76 | 19.41 | 18.44 | |
| Book Value Per Share | (1.67) | 8.82 | 4.17 | 3.03 | 1.82 | 1.74 | |
| Free Cash Flow Yield | (0.0613) | (0.0271) | (0.0468) | (0.15) | (0.007061) | (0.007414) | |
| Operating Cash Flow Per Share | (0.43) | (1.11) | (1.04) | (1.43) | (0.003785) | (0.003974) | |
| Stock Based Compensation To Revenue | 0.0319 | 0.0545 | 0.53 | 0.26 | 0.11 | 0.18 | |
| Capex To Depreciation | 3.1 | 0.62 | 0.81 | 0.61 | 0.56 | 0.53 | |
| Pb Ratio | (6.41) | 5.28 | 6.59 | 3.76 | 19.41 | 18.44 | |
| Ev To Sales | 6.1 | 20.33 | 7.89 | 2.23 | 4.47 | 4.25 | |
| Free Cash Flow Per Share | (0.66) | (1.26) | (1.29) | (1.67) | (0.25) | (0.26) | |
| Roic | 0.63 | (0.31) | (0.53) | (0.56) | (0.38) | (0.4) | |
| Inventory Turnover | 0.72 | 1.2 | 1.67 | 3.16 | 2.84 | 2.99 | |
| Net Income Per Share | (0.77) | (2.76) | (3.79) | (3.15) | (1.73) | (1.82) | |
| Days Of Inventory On Hand | 505.92 | 303.0 | 219.21 | 115.49 | 132.82 | 126.18 | |
| Payables Turnover | 9.55 | 12.34 | 15.12 | 146.26 | 67.17 | 70.52 | |
| Sales General And Administrative To Revenue | 0.34 | 0.39 | 0.73 | 0.64 | 0.17 | 0.16 | |
| Research And Ddevelopement To Revenue | 0.17 | 0.27 | 0.2 | 0.14 | 0.0969 | 0.18 | |
| Capex To Revenue | 0.13 | 0.0776 | 0.0758 | 0.0463 | 0.0309 | 0.0294 | |
| Cash Per Share | 0.41 | 5.95 | 5.35 | 3.0 | 2.75 | 2.1 | |
| Pocfratio | (25.04) | (42.11) | (26.36) | (7.95) | (9.3K) | (8.8K) | |
| Capex To Operating Cash Flow | (0.54) | (0.14) | (0.23) | (0.17) | (64.75) | (61.52) | |
| Pfcf Ratio | (16.3) | (36.9) | (21.35) | (6.82) | (141.63) | (134.55) | |
| Days Payables Outstanding | 38.2 | 29.57 | 24.15 | 2.5 | 5.43 | 5.16 | |
| Income Quality | 0.55 | 0.4 | 0.28 | 0.45 | 0.002183 | 0.002074 | |
| Roe | 0.46 | (0.31) | (0.91) | (1.04) | (0.95) | (1.0) | |
| Ev To Operating Cash Flow | (25.02) | (36.97) | (24.37) | (7.97) | (9.4K) | (8.9K) | |
| Pe Ratio | (13.89) | (16.86) | (7.25) | (3.62) | (20.33) | (21.35) | |
| Return On Tangible Assets | (0.27) | (0.49) | (0.36) | (0.52) | (0.58) | (0.34) | |
| Ev To Free Cash Flow | (16.29) | (32.4) | (19.74) | (6.84) | (142.29) | (135.17) | |
| Earnings Yield | (0.072) | (0.0593) | (0.14) | (0.28) | (0.0492) | (0.0517) | |
| Intangibles To Total Assets | 0.12 | 0.33 | 0.28 | 0.41 | 0.4 | 0.42 | |
| Net Debt To E B I T D A | 0.011 | 2.38 | 0.6 | (0.0122) | (0.13) | (0.12) | |
| Tangible Book Value Per Share | (1.88) | 5.14 | 1.31 | (0.78) | (1.59) | (1.51) | |
| Graham Number | 5.38 | 23.41 | 18.86 | 14.66 | 8.42 | 8.46 | |
| Shareholders Equity Per Share | (1.67) | 8.82 | 4.17 | 3.03 | 1.82 | 1.74 | |
| Debt To Equity | (0.24) | 0.00476 | 0.75 | 0.95 | 1.51 | 1.68 |
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When determining whether DraftKings is a strong investment it is important to analyze DraftKings' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact DraftKings' future performance. For an informed investment choice regarding DraftKings Stock, refer to the following important reports:Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DraftKings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. For more detail on how to invest in DraftKings Stock please use our How to Invest in DraftKings guide.You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Is Hotels, Restaurants & Leisure space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of DraftKings. If investors know DraftKings will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about DraftKings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.87) | Revenue Per Share 9.655 | Quarterly Revenue Growth 0.387 | Return On Assets (0.07) | Return On Equity (0.44) |
The market value of DraftKings is measured differently than its book value, which is the value of DraftKings that is recorded on the company's balance sheet. Investors also form their own opinion of DraftKings' value that differs from its market value or its book value, called intrinsic value, which is DraftKings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because DraftKings' market value can be influenced by many factors that don't directly affect DraftKings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between DraftKings' value and its price as these two are different measures arrived at by different means. Investors typically determine if DraftKings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DraftKings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.