DraftKings Inc. (DKNG) exhibits 41.3% gross margins and -1.1% return on invested capital within Consumer Discretionary (Services-Misc. Amusement & Recreation), balanced against a 24.0x enterprise multiple and 4.8% implied options volatility.
Sustained 41.3% gross profitability converts into -0.3% operating margin and -1.1% ROIC, outpacing sector cost of capital.
ROIC: -1.1% // GM: 41.3%YoY revenue trajectory of +27.0% paired with 6.29% free cash flow yield supports self-funded R&D and capital return.
REV YOY: +27.0% // FCF YLD: 6.29%Altman Z-Score of 0.93 and Piotroski F-Score of 8/9 indicate low near-term refinancing stress.
ALTMAN Z: 0.93 // F-SCORE: 8/9Trading at 24.0x trailing P/E (— Fwd P/E) leaves valuation vulnerable if real 10Y TIPS yields spike.
P/E: 24.0x // EV/EBITDA: —Options market prices a ±5.2% implied move with a 0.85 put/call ratio around $20.91 max pain.
IMPL MOVE: ±5.2% // P/C: 0.85Elevated industry capital intensity and customer concentration in Services-Misc. Amusement & Recreation require continuous execution to defend 0.1% net margins.
NET MARGIN: 0.1% // D/E: 2.59x| FILER | SIDE | $ VALUE |
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| INSPECT FULL OWNERSHIP LEDGER IN OWN <GO> | ||
| STRIKE / EXP | TYPE | PREMIUM |
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| INSPECT GEX & CHAIN IN OPT <GO> | ||
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