Discounted Cash Flow

Draftkings Inc.

DKNG · Based on 10 years of SEC filings

DCF estimate unavailable — only_1_profitable_out_of_last_5

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2020 $614.5m $-1.2b $-205.9m -200.5% $-4.03
2021 $1.3b (110.9%) $-1.5b (-23.7%) $-435.4m (-111.5%) -117.5% (41.4%) $-3.78 (6.2%)
2022 $2.2b (72.9%) $-1.4b (9.5%) $-657.9m (-51.1%) -61.5% (47.7%) $-3.16 (16.4%)
2023 $3.7b (63.6%) $-802.1m (41.8%) $-22.7m (96.6%) -21.9% (64.4%) $-1.73 (45.3%)
2024 $4.8b (30.1%) $-507.3m (36.8%) $407.6m (1899.3%) -10.6% (51.4%) $-1.05 (39.3%)
2025 $6.1b (27.0%) $3.7m (100.7%) $647.5m (58.9%) 0.1% (100.6%) $0.01 (101.0%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Values abbreviated: b = billions, m = millions, k = thousands.

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model

only_1_profitable_out_of_last_5

Once the company meets all DCF eligibility criteria (sufficient history, profitability, growth trends), an estimate will become available automatically. No action is needed.