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

Formula One Group operates within the global motorsports industry, managing commercial rights for the Formula One World Championship. This elite racing competition spans roughly nine months each year, featuring teams competing for the constructors' championship and drivers pursuing the drivers' championship. Founded in 1950 and based in Englewood, Colorado, the company combines automotive performance with technological innovation. As a subsidiary of Liberty Media Corporation, Formula One Group leverages strategic and financial backing to expand its global audience and enhance fan engagement through digital platforms and sustainability initiatives.

Between FY2021 and FY2025, Formula One Group expanded annual revenue from $2.14B to $4.48B, representing a 5-year revenue CAGR of 31.4%. Revenue increased 20.5% in FY2022 to $2.57B, 25.2% in FY2023 to $3.22B, 13.4% in FY2024 to $3.65B, and 22.7% in FY2025. Net income transitioned from -$190.0M in FY2021 to $558.0M in FY2022, followed by $185.0M in FY2023, -$30.0M in FY2024, and $555.0M in FY2025, when operating margin reached 13.5%. For the latest quarter ended June 30, 2026, quarterly revenue grew 18.3% year-over-year, while quarterly earnings declined 49.7%.

As of June 30, 2026, the company held $1.47B in cash and short-term investments against total debt of $4.92B, resulting in net debt of $3.46B. Shareholders' equity stood at $7.62B with total assets of $15.88B, 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 free cash flow was $751.0M, while capital expenditures totaled $119.0M.

FWONK trades at a trailing P/E of 110.7x and a forward P/E of 48.1x, well above the median of its US-listed Communication Services peers at 16.2x and 14.1x, respectively. Its enterprise value stands at $26.64B with an EV to EBITDA multiple of 23.7x, compared to the peer median of 10.0x. The stock trades at a price-to-sales ratio of 5.7x versus the peer median of 0.8x. Over the past year, the stock fell 9.5%, underperforming the S&P 500 return of 16.8%, while its 5-year return of 72.9% compares to 83.0% for the index.

Wall Street coverage includes 12 Strong Buy, 3 Buy, and 2 Hold ratings, with 0 Sell or Strong Sell recommendations. The mean price target is $119.12, representing a 31.2% premium over the last close of $90.81. For the current fiscal year ending December 31, 2026, consensus estimates project revenue of $4.75B and EPS of $1.61, indicating an EPS decline of 28.1%. Over the last 4 quarters, the company beat EPS estimates 1 time. The next earnings date is scheduled for November 5, 2026.

This page is an AI-written research summary of Liberty Media Corporation - Formula One Group (FWONK). 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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