DraftKings (MEX:DKNG) 3-Year Share Buyback Ratio : -6.20% (As of Dec. 2024)

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What is DraftKings 3-Year Share Buyback Ratio?

Shares Outstanding (EOP) are shares that have been authorized, issued, and purchased by investors and are held by them.

3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. A positive ratio may indicate share buybacks over the period, while a zero or negative ratio may reflect no repurchases or potential share issuance. DraftKings's current 3-Year Share Buyback Ratio was -6.20%.

The historical rank and industry rank for DraftKings's 3-Year Share Buyback Ratio or its related term are showing as below:

MEX:DKNG' s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -30.2 Med: -13 Max: -6.1
Current: -6.2

During the past 8 years, DraftKings's highest 3-Year Share Buyback Ratio was -6.10%. The lowest was -30.20%. And the median was -13.00%.

MEX:DKNG's 3-Year Share Buyback Ratio is ranked worse than
68.16% of 446 companies
in the Travel & Leisure industry
Industry Median: -1.85 vs MEX:DKNG: -6.20

Competitive Comparison of DraftKings's 3-Year Share Buyback Ratio

For the Gambling subindustry, DraftKings's 3-Year Share Buyback Ratio, along with its competitors' market caps and 3-Year Share Buyback Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

DraftKings's 3-Year Share Buyback Ratio Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, DraftKings's 3-Year Share Buyback Ratio distribution charts can be found below:

* The bar in red indicates where DraftKings's 3-Year Share Buyback Ratio falls into.

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DraftKings 3-Year Share Buyback Ratio Calculation

This is the annualized percentage change in shares outstanding from three years ago to the current year. The annualized percentage change is calculated with expontential compound based on the latest four years of annual data on Shares Outstanding (EOP).

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

DraftKings (MEX:DKNG) 3-Year Share Buyback Ratio Explanation

A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.

Be Aware

Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.

DraftKings 3-Year Share Buyback Ratio Related Terms

Thank you for viewing the detailed overview of DraftKings's 3-Year Share Buyback Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

DraftKings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » DraftKings Inc (MEX:DKNG) » Definitions » 3-Year Share Buyback Ratio

Comparable Companies

Traded in Other Exchanges

DKNG:USA 0ABA:UK IK1:Germany D2KN34:Brazil

Address

222 Berkeley Street, 5th Floor, Boston, MA, USA, 02116

Website

https://www.draftkings.com

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 or retail sports betting in about 25 states and iGaming in five states, with both products available to around 40% of Canada's population. In 2024, sports revenue was 61% of total sales, i-gaming 32%, and fantasy and lottery 7%. The company also operates a non-fungible token commissioned-based marketplace and develops and licenses online gaming products.