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Diamond Eagle Acquisition

Nasdaq:DEAC.U
Snowflake Description

Adequate balance sheet with poor track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DEAC.U
Nasdaq
$635M
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

Diamond Eagle Acquisition Corp. intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The last earnings update was 17 days ago. More info.


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  • Diamond Eagle Acquisition has significant price volatility in the past 3 months.
DEAC.U Share Price and Events
7 Day Returns
11.3%
NasdaqCM:DEAC.U
12.4%
US Capital Markets
9.9%
US Market
1 Year Returns
-
NasdaqCM:DEAC.U
-11.3%
US Capital Markets
-11.9%
US Market
DEAC.U Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Diamond Eagle Acquisition (DEAC.U) 11.3% -24.2% 18.5% - - -
US Capital Markets 12.4% -17.6% -23.7% -11.3% 0.1% 20.2%
US Market 9.9% -15% -21.5% -11.9% 5.1% 18.1%
1 Year Return vs Industry and Market
  • No trading data on DEAC.U.
  • No trading data on DEAC.U.

DEAC.U Value

 Is Diamond Eagle Acquisition undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Diamond Eagle Acquisition to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Diamond Eagle Acquisition.

NasdaqCM:DEAC.U Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $0.10 * 61.6%
$0.06
Book Value of Equity per Share Median Book Value from the past 5 years. $0.10
Discount Rate (Cost of Equity) See below 6.3%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqCM:DEAC.U
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 5.4%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.754 (1 + (1- 21%) (0%))
0.835
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.84
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (0.835 * 5.44%)
6.28%

Discounted Cash Flow Calculation for NasdaqCM:DEAC.U using Excess Returns Model Model

The calculations below outline how an intrinsic value for Diamond Eagle Acquisition is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqCM:DEAC.U Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (61.6% – 6.28%) * $0.10)
$0.06
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.06 / (6.28% - 1.74%)
$1.22
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $0.10 + $1.22
$1.32
NasdaqCM:DEAC.U Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NasdaqCM:DEAC.U represents 1.06519x of NasdaqCM:DEAC
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.06519x
Value per Share
(Listing Adjusted, USD)
= Value per Share (USD) x Listing Adjustment Factor
= $ 1.32 x 1.06519
$1.40
Value per share (USD) From above. $1.40
Current discount Discount to share price of $13.52
= -1 x ($13.52 - $1.40) / $1.40
-863.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Diamond Eagle Acquisition is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Diamond Eagle Acquisition's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Diamond Eagle Acquisition's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:DEAC.U PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD Not available
NasdaqCM:DEAC Share Price ** NasdaqCM (2020-03-27) in USD $12.69
United States of America Capital Markets Industry PE Ratio Median Figure of 92 Publicly-Listed Capital Markets Companies 33.16x
United States of America Market PE Ratio Median Figure of 2,945 Publicly-Listed Companies 12.96x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Diamond Eagle Acquisition.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to compare the PE ratio to the industry average as no data exists.
  • Unable to calculate PE ratio for Diamond Eagle Acquisition, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Diamond Eagle Acquisition's expected growth come at a high price?
Raw Data
NasdaqCM:DEAC.U PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 0x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
-37.1%per year
United States of America Capital Markets Industry PEG Ratio Median Figure of 36 Publicly-Listed Capital Markets Companies 1.94x
United States of America Market PEG Ratio Median Figure of 2,007 Publicly-Listed Companies 0.99x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Diamond Eagle Acquisition, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Diamond Eagle Acquisition's assets?
Raw Data
NasdaqCM:DEAC.U PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD Not available
NasdaqCM:DEAC Share Price * NasdaqCM (2020-03-27) in USD $12.69
United States of America Capital Markets Industry PB Ratio Median Figure of 170 Publicly-Listed Capital Markets Companies 7.11x
United States of America Market PB Ratio Median Figure of 5,156 Publicly-Listed Companies 1.26x
NasdaqCM:DEAC.U PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:DEAC Share Price ÷ Book Value per Share (both in USD)

= 12.69 ÷ 0.10

126.9x

* Primary Listing of Diamond Eagle Acquisition.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Diamond Eagle Acquisition is overvalued based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess Diamond Eagle Acquisition's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Diamond Eagle Acquisition has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

DEAC.U Future Performance

 How is Diamond Eagle Acquisition expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-37.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Diamond Eagle Acquisition expected to grow at an attractive rate?
  • Diamond Eagle Acquisition's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.7%.
Growth vs Market Checks
  • Diamond Eagle Acquisition's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Unable to compare Diamond Eagle Acquisition's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:DEAC.U Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqCM:DEAC.U Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts -37.1%
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 5.9%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 2.7%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 12.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqCM:DEAC.U Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:DEAC.U Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 911 -229 1
2021-12-31 700 -263 1
2020-12-31 500 -260 1
2020-03-29
NasdaqCM:DEAC.U Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 -2 3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Diamond Eagle Acquisition's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Diamond Eagle Acquisition is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqCM:DEAC.U Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Diamond Eagle Acquisition Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:DEAC.U Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 -0.66 -0.66 -0.66 1.00
2021-12-31 -0.77 -0.77 -0.77 1.00
2020-12-31 -0.77 -0.77 -0.77 1.00
2020-03-29
NasdaqCM:DEAC.U Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Diamond Eagle Acquisition will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Diamond Eagle Acquisition's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Diamond Eagle Acquisition has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

DEAC.U Past Performance

  How has Diamond Eagle Acquisition performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Diamond Eagle Acquisition's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Unable to establish if Diamond Eagle Acquisition's year on year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.
  • Unable to compare Diamond Eagle Acquisition's 1-year earnings growth to the 5-year average as it has been trading publicly for less than 3 years.
  • Diamond Eagle Acquisition has been loss making too recently or no data is available, we can't compare it to the US Capital Markets industry average.
Earnings and Revenue History
Diamond Eagle Acquisition's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Diamond Eagle Acquisition Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:DEAC.U Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 3.08 2.48

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Diamond Eagle Acquisition made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • It is difficult to establish if Diamond Eagle Acquisition has efficiently used its assets last year compared to the US Capital Markets industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Diamond Eagle Acquisition improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Diamond Eagle Acquisition's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Diamond Eagle Acquisition has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

DEAC.U Health

 How is Diamond Eagle Acquisition's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Diamond Eagle Acquisition's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Diamond Eagle Acquisition's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Diamond Eagle Acquisition's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Diamond Eagle Acquisition's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Diamond Eagle Acquisition has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Diamond Eagle Acquisition Company Filings, last reported 2 months ago.

NasdaqCM:DEAC.U Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 5.00 0.00 0.49
  • Diamond Eagle Acquisition has no debt.
  • Diamond Eagle Acquisition has not taken on any debt in the past 5 years.
  • Diamond Eagle Acquisition has no debt, it does not need to be covered by operating cash flow.
  • Diamond Eagle Acquisition has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Diamond Eagle Acquisition's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Diamond Eagle Acquisition has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

DEAC.U Dividends

 What is Diamond Eagle Acquisition's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Diamond Eagle Acquisition dividends.
If you bought $2,000 of Diamond Eagle Acquisition shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Diamond Eagle Acquisition's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Diamond Eagle Acquisition's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqCM:DEAC.U Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
United States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 44 Stocks 2.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1946 Stocks 3%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 2%
United States of America Top 25% Dividend Yield 75th Percentile 5.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqCM:DEAC.U Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31
2020-03-29

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Diamond Eagle Acquisition has not reported any payouts.
  • Unable to verify if Diamond Eagle Acquisition's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Diamond Eagle Acquisition's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Diamond Eagle Acquisition has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Diamond Eagle Acquisition's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Diamond Eagle Acquisition afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Diamond Eagle Acquisition has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

DEAC.U Management

 What is the CEO of Diamond Eagle Acquisition's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jeff Sagansky
AGE 67
TENURE AS CEO 1 years
CEO Bio

Mr. Jeffrey F. Sagansky, also known as Jeff, has been the Chief Executive Officer and Chairman at Diamond Eagle Acquisition Corp since March 2019. Mr. Sagansky has been Chief Executive Officer and Chairman of Platinum Eagle Acquisition since December 2017. He is a Co-Owner of Platinum Eagle Acquisition LLC. He had been the Chief Executive Officer and President of Double Eagle Acquisition Corp. from August 6, 2015 until November 2017. Mr. Sagansky had been the President of Silver Eagle Acquisition Corp. from July 2013 to March 2015. Mr. Sagansky is a Co-Founder of Electric Farm Entertainment, LLC and serves as its Principal. He is a Co-Founder and Chairman of Hemisphere Capital Management LLC. He has over twenty-five years of experience in the Entertainment industry. Mr. Sagansky has been a Director of WillScot Corporation since June 26, 2015 and serves as its President and Chief Executive Officer from August 2015 to November 2017. He serves as Independent Director at Williams Scotsman International, Inc. Mr. Sagansky served as Programming Executive at NBC Entertainment. He founded Global Eagle Acquisition Corp. (now Global Eagle Entertainment Inc.) and served as its President since February 02, 2011 to January 2013. He served as an Interim Chief Executive Officer of Peace Arch Entertainment Group Inc. from November 2007 to July 21, 2008, Co-Chairman from September 01, 2007 to February 2009 and served as its Advisor. Mr. Sagansky served as Programming Executive at David Gerber Company. He served as the President of CBS Broadcasting, Inc. He served as an Executive Vice President of Sony Corporation of America (SCA), which he joined in 1994. From 1998 to December 2002, Mr. Sagansky served as Chief Executive Officer and President of Paxson Communications Corporation and served as its Vice Chairman since 1998 until 2003. He served as President of CBS Entertainment, from 1990 to 1994. Mr. Sagansky served as President of Production at TriStar Pictures Inc. from 1985 to 1989 and President from 1989 to 1990. He served as President of Tri-Star Entertainment. Mr. Sagansky served as Senior Vice President of Programming at NBC and was involved with the development of such landmark television programs as St. Elsewhere, Cheers, Miami Vice and The Cosby Show. He served as a Co-President at Sony Pictures Entertainment Inc. from 1996 to 1998, where he was responsible for its strategic planning and worldwide television operations. Mr. Sagansky began his entertainment career in 1977 in the programming department of NBC. After leaving NBC, he oversaw production at Tri-Star Entertainment where he gave the green light to such films as Look Who’s Talking, Peggy Sue Got Married, Steel Magnolias, Glory and About Last Night. In 1990, he joined CBS as Head of Programming, where he engineered its ratings rise from third to first place in a mere 18 months. Mr. Sagansky has been the Chairman of Ardustry Home Entertainment since April 2005. He has been Chairman of Hemisphere Film Capital since 2008. He has been Chairman of the Board of Winchester Capital Management LLC since 2008. He serves as Chairman of the Board of View2gether, LLC. He has been Chairman of People’s Choice Cable TV since January 2005. He served as Chairman of the Board of RHI Entertainment, Inc. from February 2009 to April 2011 and serves as its Director. He served as the Chairman of Elm Tree Partners since January 2007 until December 2011. Mr. Sagansky served as Chairman Paxon Communications. He served as a Co-Chairman and Director of Allumination FilmWorks, LLC. He served as Chairman of the Board of Sonar Entertainment, Inc. since February 09, 2009. He served as Vice Chairman of ION Media Networks, Inc. from December 2002 to August 19, 2003. He has been a Director of Sonar Entertainment, Inc since February 09, 2009. Mr. Sagansky had been a Director of Global Eagle Entertainment Inc. since January 31, 2013 until June 2019. He was a Non-Executive Director of Videocon d2h Limited from May 24, 2016 to April 2018. He serves as a Director of Transparensee Systems, Inc. and Intertainer, Inc. Mr. Sagansky was Director at Double Eagle Acquisition Corp. from June 26, 2015 November 2017. He serves as Independent Director of Target Hospitality Corp. since 2018. He serves as a Member of Executive Advisory Board at InterMedia Advisors, LLC. Mr. Sagansky has been a Member of Advisory Board at Sprylogics International Corp. since December 2011. He serves as a Member of The Advisory Board at LATTO. He serves as a Non-Executive Director of Content Media Corporation Limited. Mr. Sagansky served as a Director of Scripps Networks Interactive, Inc. since July 01, 2008 until March 6, 2018. He served as a Director of VisibleGains Inc. He served as a Non-Independent Director of Peace Arch Entertainment Group Inc. since September 01, 2007. He was a Member of Advisory Board of Breaking Data Corp. since December 2011. He served as a Director of American Media, Inc and American Media Operations, Inc. from March 2005 to January 30, 2009. Mr. Sagansky served as a Director of Lions Gate Entertainment Corp. since May 2003. He served as Director of Starz, Inc. from January 11, 2013 to December 8, 2016 and GoEuro Corporation. He served as a Director of ION Media Networks, Inc from 1998 to August 19, 2003. He served as a Director of The E. W. Scripps Company from August 29, 2003 to July 01, 2008. He served as a Member of Advisory Board at EastWest VentureGroup. He served as a Member of Advisory Board at iseemedia Inc. since March 2006. Mr. Sagansky earned a Bachelor of Arts degree from Harvard College and a Master of Business Administration degree from Harvard Business School.

CEO Compensation
  • Insufficient data for Jeff to compare compensation growth.
  • Insufficient data for Jeff to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team

Jeff Sagansky

TITLE
CEO & Chairman
AGE
67
TENURE
1 yrs

Eli Baker

TITLE
President
AGE
44
TENURE
1 yrs

Harry Sloan

TITLE
AGE
69
Board of Directors Tenure

Average tenure and age of the Diamond Eagle Acquisition board of directors in years:

0.8
Average Tenure
59
Average Age
  • The average tenure for the Diamond Eagle Acquisition board of directors is less than 3 years, this suggests a new board.
Board of Directors

Jeff Sagansky

TITLE
CEO & Chairman
AGE
67
TENURE
1 yrs

Fred Rosen

TITLE
Independent Director
AGE
75
TENURE
0.8 yrs

Joshua Kazam

TITLE
Independent Director
AGE
42
TENURE
0.8 yrs

Scott Delman

TITLE
Independent Director
AGE
59
TENURE
0.3 yrs

Scott Ross

TITLE
Independent Director
AGE
38
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Diamond Eagle Acquisition's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Diamond Eagle Acquisition has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

DEAC.U News

Simply Wall St News

DEAC.U Company Info

Description

Diamond Eagle Acquisition Corp. intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded in 2019 and is based in Los Angeles, California.

Details
Name: Diamond Eagle Acquisition Corp.
DEAC.U
Exchange: NasdaqCM
Founded: 2019
$634,500,000
50,000,000
Website: http://
Address: Diamond Eagle Acquisition Corp.
2121 Avenue of the Stars,
Suite 2300,
Los Angeles,
California, 90067,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM DEAC Class A Common Stock Nasdaq Capital Market US USD 03. Jul 2019
NasdaqCM DEAC.U UNIT EX 063026 Nasdaq Capital Market US USD 10. May 2019
Number of employees
Current staff
Staff numbers
0
Diamond Eagle Acquisition employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/29 03:47
End of day share price update: 2020/03/27 00:00
Last estimates confirmation: 2020/03/13
Last earnings filing: 2020/03/12
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.