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Formula One Group, together with its subsidiaries, engages in the motorsports business in the United States, the United Kingdom, Spain, and internationally. The company holds commercial rights for the Fédération Internationale de l'Automobile (FIA) Formula One World Championship, an annual nine-month long motor race-based competition in which teams compete for the Constructors' championship and drivers compete for the Drivers' championship. It is also involved in filming, television production and post-production, and digital and social media activities; provision of freight, logistical, and travel related services, as well as technical support at Formula 1 events; production of the international television feed; and operation of the Formula 1 Paddock Club hospitality program, F2 and F3 race series, and F1 Academy. The company was founded in 1950 and is headquartered in Englewood, Colorado. Formula One Group operates as a subsidiary of Liberty Media Corporation.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
FWONK is Liberty Media’s Class C tracking stock representing the company’s economic interest in the Formula One Group, which owns and commercializes the global Formula One racing series through media rights, sponsorship, race promotion and related licensing. Long-term growth may be supported by expanding global viewership and streaming, higher-value media and sponsorship contracts, calendar expansion and monetization of hospitality and brand extensions, which could support recurring cash flows and margin improvement. Investors may find exposure to a premium global sports franchise with established fans and durable commercial relationships of interest.
Key risks include dependence on media-rights and sponsorship renewals, event disruption or geopolitical restrictions, sensitivity to consumer spending and advertising cycles, concentrated exposure to a single sports franchise and potential corporate governance or leverage issues at the parent level.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 733.00M | 17.00M | 211.00M | 251.00M | -157.00M |
| Minority interest | 0.00M | 412.00M | 1.00M | 214.00M | 346.00M |
| Net income | 555.00M | -30.00M | 185.00M | 558.00M | -120.00M |
| Selling general administrative | 514.00M | 374.00M | 288.00M | 2031.00M | 1907.00M |
| Selling and marketing expenses | - | 34.00M | 28.00M | - | - |
| Gross profit | 1118.00M | 1165.00M | 982.00M | 823.00M | 647.00M |
| Reconciled depreciation | 393.00M | 352.00M | 344.00M | 362.00M | 397.00M |
| Ebit | 761.00M | 225.00M | 425.00M | 231.00M | 77.00M |
| Ebitda | 1154.00M | 577.00M | 794.00M | 593.00M | 474.00M |
| Depreciation and amortization | 393.00M | 352.00M | 369.00M | 362.00M | 397.00M |
| Non operating income net other | - | - | - | 818.00M | -546.00M |
| Operating income | 604.00M | 287.00M | 297.00M | 231.00M | 77.00M |
| Other operating expenses | 3878.00M | 3366.00M | 2925.00M | 2400.00M | 2096.00M |
| Interest expense | 28.00M | 208.00M | 214.00M | 149.00M | 123.00M |
| Tax provision | 137.00M | 47.00M | -276.00M | -311.00M | -37.00M |
| Interest income | 39.00M | 338.00M | 161.00M | 20.00M | 121.00M |
| Net interest income | -249.00M | -208.00M | -210.00M | -149.00M | -123.00M |
| Extraordinary items | -41.00M | -2431.00M | - | - | - |
| Non recurring | - | - | - | 74.00M | 20.00M |
| Income tax expense | 137.00M | 47.00M | 27.00M | -311.00M | -37.00M |
| Total revenue | 4482.00M | 3653.00M | 3222.00M | 2573.00M | 2136.00M |
| Total operating expenses | 514.00M | 878.00M | 685.00M | 650.00M | 607.00M |
| Cost of revenue | 3364.00M | 2488.00M | 2240.00M | 1750.00M | 1489.00M |
| Total other income expense net | 129.00M | -270.00M | -86.00M | 20.00M | -234.00M |
| Net income from continuing ops | 596.00M | -30.00M | 499.00M | 2029.00M | 744.00M |
| Net income applicable to common shares | 555.00M | -30.00M | 185.00M | 3630.00M | 796.00M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 15398.00M | 11759.00M | 10267.00M | 11016.00M | 11664.00M |
| Intangible assets | 5102.00M | 2689.00M | 2858.00M | 3163.00M | 3507.00M |
| Other current assets | 89.00M | 277.00M | 180.00M | 167.00M | 229.00M |
| Total liab | 6948.00M | 4371.00M | 3848.00M | 4081.00M | 4724.00M |
| Total stockholder equity | 7757.00M | 7388.00M | 6419.00M | 6910.00M | 6340.00M |
| Other current liab | 25.00M | 192.00M | -31.00M | 29.00M | 40.00M |
| Common stock | 2.00M | 7388.00M | 6419.00M | 5.00M | 5.00M |
| Capital stock | 2.00M | 3.00M | - | - | - |
| Retained earnings | 7785.00M | 7179.00M | - | 545.00M | 12718.00M |
| Other liab | - | - | - | 362.00M | 492.00M |
| Good will | 7025.00M | 4134.00M | 3956.00M | 3956.00M | 3957.00M |
| Other assets | 1030.00M | 2308.00M | 12743.00M | 1432.00M | 1491.00M |
| Cash | 1055.00M | 2631.00M | 1408.00M | 1733.00M | 2074.00M |
| Cash and equivalents | 1055.00M | 2631.00M | - | 1733.00M | 2074.00M |
| Total current liabilities | 939.00M | 1130.00M | 787.00M | 833.00M | 1296.00M |
| Current deferred revenue | 263.00M | 267.00M | 247.00M | 347.00M | 253.00M |
| Net debt | 4069.00M | 361.00M | 1498.00M | 1214.00M | 1557.00M |
| Short term debt | 76.00M | 26.00M | 36.00M | 61.00M | 695.00M |
| Short long term debt | 52.00M | 26.00M | 36.00M | 61.00M | 695.00M |
| Short long term debt total | 5124.00M | 2992.00M | 2906.00M | 2947.00M | 3631.00M |
| Other stockholder equity | 7757.00M | 7388.00M | 6419.00M | 6365.00M | 6340.00M |
| Property plant equipment | 868.00M | 810.00M | - | 408.00M | 119.00M |
| Total current assets | 1373.00M | 3022.00M | 1711.00M | 2023.00M | 2369.00M |
| Long term investments | - | 33.00M | 41.00M | 952.00M | 945.00M |
| Net tangible assets | - | - | - | -17632.00M | -18783.00M |
| Short term investments | - | - | - | 699.00M | - |
| Net receivables | 229.00M | 114.00M | 123.00M | 123.00M | 66.00M |
| Long term debt | 5048.00M | 2966.00M | 2870.00M | 14953.00M | 15699.00M |
| Accounts payable | 575.00M | 645.00M | 535.00M | 396.00M | 308.00M |
| Noncontrolling interest in consolidated entity | - | - | - | 3163.00M | 3590.00M |
| Accumulated other comprehensive income | -30.00M | - | - | - | - |
| Common stock total equity | - | - | - | 5.00M | 5.00M |
| Retained earnings total equity | - | - | - | 14589.00M | 12718.00M |
| Non currrent assets other | 491.00M | 494.00M | -1721.00M | 1213.00M | 1491.00M |
| Non current assets total | 14025.00M | 8737.00M | 8556.00M | 8993.00M | 9295.00M |
| Long term debt total | 5048.00M | 2966.00M | - | 14953.00M | 15699.00M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | 223.00M | -292.00M | 177.00M | -18.00M | -200.00M |
| Change to liabilities | - | - | - | -123.00M | -111.00M |
| Total cashflows from investing activities | -3202.00M | -292.00M | -510.00M | -46.00M | -689.00M |
| Net borrowings | 967.00M | -32.00M | -70.00M | -1237.00M | 124.00M |
| Total cash from financing activities | 408.00M | 965.00M | -435.00M | -1269.00M | 512.00M |
| Change to operating activities | - | - | - | -87.00M | -2.00M |
| Net income | 555.00M | -30.00M | 185.00M | 562.00M | -120.00M |
| Change in cash | -1576.00M | 1230.00M | -325.00M | -341.00M | 390.00M |
| Begin period cash flow | 2631.00M | 1408.00M | 1733.00M | 2074.00M | 1684.00M |
| End period cash flow | 1055.00M | 2638.00M | 1408.00M | 1733.00M | 2074.00M |
| Total cash from operating activities | 870.00M | 567.00M | 619.00M | 534.00M | 481.00M |
| Issuance of capital stock | 0.00M | 939.00M | 0.00M | - | 575.00M |
| Depreciation | 393.00M | 352.00M | 369.00M | 362.00M | 397.00M |
| Other cashflows from investing activities | 64.00M | -15.00M | -21.00M | 707.00M | -49.00M |
| Dividends paid | - | - | 0.00M | -249.00M | 0.00M |
| Sale purchase of stock | 0.00M | -14.00M | -9.00M | -616.00M | -55.00M |
| Other cashflows from financing activities | -559.00M | 58.00M | -356.00M | 3224.00M | 314.00M |
| Change to netincome | - | - | - | -314.00M | 620.00M |
| Capital expenditures | 119.00M | 75.00M | 426.00M | 291.00M | 17.00M |
| Cash flows other operating | - | - | - | -116.00M | 96.00M |
| Cash and cash equivalents changes | - | - | - | -648.00M | 50.00M |
| Change in working capital | 147.00M | -65.00M | 132.00M | 116.00M | 143.00M |
| Stock based compensation | 21.00M | 30.00M | 20.00M | 16.00M | 29.00M |
| Other non cash items | -264.00M | 352.00M | 71.00M | -107.00M | 78.00M |
| Free cash flow | 751.00M | 492.00M | 193.00M | 243.00M | 464.00M |
Sector: Communication Services Industry: Entertainment
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| FWONK Liberty Media Corporation Series C Liberty Formula One Common Stock |
-0.19 0.18% |
106.33 | 117.28 | 49.02 | 5.92 | 3.13 | 6.24 | 24.13 |
| NFLX Netflix Inc |
-2.14 3.26% |
63.42 | 25.29 | 21.01 | 6.71 | 11.09 | 7.02 | 9.70 |
| DIS Walt Disney Company |
0.02 0.02% |
116.75 | 15.36 | 16.00 | 1.93 | 1.74 | 2.40 | 11.96 |
| TKO TKO Group Holdings, Inc. |
1.86 0.98% |
191.00 | 68.15 | 50.00 | 6.79 | 4.17 | 3.49 | 11.97 |
| UMGNF Universal Music Group N.V. |
- -% |
19.71 | 83.95 | 12.99 | 2.36 | 7.41 | 2.46 | 28.12 |
Formula One Group, together with its subsidiaries, engages in the motorsports business in the United States, the United Kingdom, Spain, and internationally. The company holds commercial rights for the Fédération Internationale de l'Automobile (FIA) Formula One World Championship, an annual nine-month long motor race-based competition in which teams compete for the Constructors' championship and drivers compete for the Drivers' championship. It is also involved in filming, television production and post-production, and digital and social media activities; provision of freight, logistical, and travel related services, as well as technical support at Formula 1 events; production of the international television feed; and operation of the Formula 1 Paddock Club hospitality program, F2 and F3 race series, and F1 Academy. The company was founded in 1950 and is headquartered in Englewood, Colorado. Formula One Group operates as a subsidiary of Liberty Media Corporation.
12300 Liberty Boulevard, Englewood, CO, United States, 80112
720 875 5400
1674
| Name | Title | Year Born |
|---|---|---|
| Mr. Stefano Domenicali | Pres & CEO | 1965 |
| Mr. Stefano Domenicali | President & CEO | 1965 |
| Mr. Duncan Llowarch | Chief Financial Officer | NA |
| Mr. Liam Parker | Chief Communications & Corporate Relations Officer | NA |
| Ms. Emily Prazer | Chief Commercial Officer | NA |
| Ms. Amber Conn | Investor Relations Coordinator | NA |
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