DraftKings got its start in 2012 as an innovator in daily fantasy sports. Then, following a Supreme Court ruling in 2018 that allowed states to legalize online sports wagering, the company expanded into online sports and casino gambling, where it generally holds the number two or three revenue share position across states in which it competes. DraftKings is now live with online sports betting in 24 states (46% of the US population) and iGaming in seven states (11% of US), with both products available to around 40% of Canada's population. The company also operates a non-fungible token commissioned-based marketplace and develops and licenses online gaming products.

Financial Strength

5/10

Name	Current	Vs Industry
Cash-To-Debt	0.94
Equity-to-Asset	0.21
Debt-to-Equity	1.6
Debt-to-EBITDA	-2.3
Piotroski F-Score	4/9	0 1 2 3 4 5 6 7 8 9
Altman Z-Score	2.2	Distress Grey Safe
Beneish M-Score	-2.82	Manipulator Not Manipulator
WACC vs ROIC		WACC ROIC

Growth Rank

9/10

	Name	Current	Vs Industry		Vs History
	3-Year Revenue Growth Rate	57.9
	3-Year EBITDA Growth Rate	20.3
	3-Year EPS without NRI Growth Rate	47.1
	3-Year FCF Growth Rate	31.8
	3-Year Book Growth Rate	-35.5
	Future 3-5Y Total Revenue Growth Rate	35.7

Momentum Rank

6/10

	Name	Current	Vs Industry		Vs History
	5-Day RSI	27.86
	9-Day RSI	35.7
	14-Day RSI	41.5
	6-1 Month Momentum %	38.12
	12-1 Month Momentum %	114.37

Liquidity Ratio

	Name	Current	Vs Industry		Vs History
	Current Ratio	1.34
	Quick Ratio	1.34
	Cash Ratio	0.82
	Days Sales Outstanding	22.01
	Days Payable	3.53

Dividend & Buy Back

	Name	Current	Vs Industry		Vs History
	3-Year Average Share Buyback Ratio	-6.1
	Shareholder Yield %	0.37

Profitability Rank

3/10

	Name	Current	Vs Industry		Vs History
	Gross Margin %	37.46
	Operating Margin %	-21.53
	Net Margin %	-21.88
	FCF Margin %	-3.14
	ROE %	-80.2
	ROA %	-20.9
	ROIC %	-29.09
	ROC (Joel Greenblatt) %	-593.62
	ROCE %	-31.4

GF Value Rank

6/10

	Name	Current	Vs Industry		Vs History
	PS Ratio	5.34
	PB Ratio	23.39
	EV-to-EBIT	-25.55
	EV-to-Forward-EBIT	-433.08
	EV-to-EBITDA	-34.34
	EV-to-Forward-EBITDA	43.23
	EV-to-Revenue	5.5
	EV-to-Forward-Revenue	4.2
	EV-to-FCF	-174.98
	Earnings Yield (Greenblatt) %	-3.91
	FCF Yield %	-0.58

GF Value: $42.82

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