Liberty Media Corporation - Formula One Group (FWONA) AI Stock Analysis

Formula One Group operates within the motorsports industry across the United States and internationally. Founded in 1950 and based in Englewood, Colorado, the company holds the commercial rights for the prestigious Formula One World Championship, an approximately nine-month global racing series. Teams compete for the constructors' championship while drivers contest the drivers' championship, drawing millions of fans worldwide. As a subsidiary of Liberty Media Corporation, the business leverages parent company strategic and financial resources to expand its international reach and enhance digital engagement and sustainability across its high-technology racing events.

Formula One Group increased annual revenue from $2.14B in FY2021 to $4.48B in FY2025, reflecting a 5-year revenue CAGR of 31.4%. Operating margin expanded from 1.9% in FY2021 to 13.5% in FY2025, while net income swung from -$190.0M to $555.0M. Over the trailing twelve months ended June 30, 2026, revenue totaled $4.02B with an operating margin of 16.0% and EPS of $0.82. In the latest quarter ended June 30, 2026, revenue increased 18.3% year-over-year, while quarterly earnings declined 49.7%.

As of June 30, 2026, Formula One Group held $1.47B in cash and short-term investments against $4.92B in total debt, resulting in net debt of $3.46B. Shareholders' equity was $7.62B, yielding a debt-to-equity ratio of 0.65 and a current ratio of 1.27. In FY2025, operating cash flow reached $870.0M and capital expenditures were $119.0M, generating $751.0M in free cash flow. Over five years, the share count increased by 7.8%.

At $83.18 per share, Formula One Group carries a market capitalization of $20.85B and an enterprise value of $26.64B. The stock trades at a trailing P/E of 101.4x and a forward P/E of 44.1x, well above the US-listed Communication Services median forward P/E of 14.1x. Its EV-to-EBITDA ratio of 23.7x and price-to-sales multiple of 5.2x also exceed peer medians of 10.0x and 0.8x, respectively. Over the past year, the stock fell 9.5%, trailing the S&P 500 return of 16.8%.

All 6 analysts covering the stock maintain a Strong Buy rating. The mean price target is $111.00, representing a 33.4% premium to the last closing price of $83.18. For the current fiscal year ending December 31, 2026, consensus estimates project revenue of $4.75B and an EPS decline of 14.5% to $1.91. For the following year, two analysts project revenue will grow 10.9% to $5.27B with EPS reaching $2.42. The company beat EPS estimates in 1 of the last 4 quarters, and the next earnings date is November 5, 2026.

This page is an AI-written research summary of Liberty Media Corporation - Formula One Group (FWONA). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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