(FWONA) Liberty Media Series - Overview
Stock: Racing, Licensing, Hospitality, Television, Travel
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 23.5% |
| Relative Tail Risk | -0.16% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.43 |
| Alpha | -22.73 |
| Character TTM | |
|---|---|
| Beta | 0.664 |
| Beta Downside | 0.886 |
| Drawdowns 3y | |
|---|---|
| Max DD | 25.71% |
| CAGR/Max DD | 0.34 |
Description: FWONA Liberty Media Series December 17, 2025
Formula One Group, a subsidiary of Liberty Media Corp., holds the commercial rights to the FIA Formula One World Championship and operates the supporting Formula 2, Formula 3 and F1 Academy series. Its business spans ticketing, hospitality, licensing, TV production, and logistics services for motorsport events in the U.S. and U.K., leveraging a global fan base that averaged ~1.9 billion TV viewers in 2023.
Key financial drivers include media-rights revenue, which surged to roughly $1.2 billion in 2023, and sponsorship income that grew ~8 % year-over-year as brands chase the sport’s premium-demographic audience. The company also benefits from ancillary streams such as digital-content subscriptions (e.g., F1 TV) that now contribute over $250 million annually, reflecting the broader shift toward streaming in the entertainment sector.
Macro-level, the motorsports market is buoyed by rising global advertising spend on live-event content and by the expansion of the F1 calendar to 24 races in 2024, which should lift ticket-sales and hospitality revenues. Additionally, the integration of esports and virtual-racing platforms is creating new sponsorship and fan-engagement opportunities that could further diversify revenue.
For a deeper quantitative breakdown, you may find ValueRay’s analyst tools useful.
Piotroski VR‑10 (Strict, 0-10) 5.0
| Net Income: 363.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA 0.97 > 1.0 |
| NWC/Revenue: 10.10% < 20% (prev 64.75%; Δ -54.65% < -1%) |
| CFO/TA 0.05 > 3% & CFO 755.0m > Net Income 363.0m |
| Net Debt (3.87b) to EBITDA (508.0m): 7.62 < 3 |
| Current Ratio: 1.25 > 1.5 & < 3 |
| Outstanding Shares: last quarter (252.0m) vs 12m ago 3.28% < -2% |
| Gross Margin: 32.88% > 18% (prev 0.32%; Δ 3256 % > 0.5%) |
| Asset Turnover: 27.32% > 50% (prev 28.13%; Δ -0.81% > 0%) |
| Interest Coverage Ratio: 2.02 > 6 (EBITDA TTM 508.0m / Interest Expense TTM 197.0m) |
Altman Z'' 2.83
| A: 0.02 (Total Current Assets 2.06b - Total Current Liabilities 1.65b) / Total Assets 16.36b |
| B: 0.45 (Retained Earnings 7.44b / Total Assets 16.36b) |
| C: 0.03 (EBIT TTM 398.0m / Avg Total Assets 14.78b) |
| D: 0.95 (Book Value of Equity 7.38b / Total Liabilities 7.74b) |
| Altman-Z'' Score: 2.83 = A |
Beneish M -1.80
| DSRI: 2.28 (Receivables 302.0m/122.0m, Revenue 4.04b/3.72b) |
| GMI: 0.97 (GM 32.88% / 31.84%) |
| AQI: 1.28 (AQ_t 0.82 / AQ_t-1 0.64) |
| SGI: 1.09 (Revenue 4.04b / 3.72b) |
| TATA: -0.02 (NI 363.0m - CFO 755.0m) / TA 16.36b) |
| Beneish M-Score: -1.80 (Cap -4..+1) = B |
What is the price of FWONA shares?
Over the past week, the price has changed by -3.57%, over one month by -11.34%, over three months by -12.87% and over the past year by -10.55%.
Is FWONA a buy, sell or hold?
- StrongBuy: 6
- Buy: 0
- Hold: 0
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the FWONA price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 107.5 | 36.1% |
| Analysts Target Price | 107.5 | 36.1% |
| ValueRay Target Price | 78 | -1.2% |
FWONA Fundamental Data Overview January 28, 2026
P/S = 5.5098
P/B = 2.5816
P/EG = 3.5887
Revenue TTM = 4.04b USD
EBIT TTM = 398.0m USD
EBITDA TTM = 508.0m USD
Long Term Debt = 5.12b USD (from longTermDebt, last quarter)
Short Term Debt = 42.0m USD (from shortTermDebt, last quarter)
Debt = 5.16b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 3.87b USD (from netDebt column, last quarter)
Enterprise Value = 26.13b USD (22.26b + Debt 5.16b - CCE 1.29b)
Interest Coverage Ratio = 2.02 (Ebit TTM 398.0m / Interest Expense TTM 197.0m)
EV/FCF = 20.84x (Enterprise Value 26.13b / FCF TTM 1.25b)
FCF Yield = 4.80% (FCF TTM 1.25b / Enterprise Value 26.13b)
FCF Margin = 31.04% (FCF TTM 1.25b / Revenue TTM 4.04b)
Net Margin = 8.99% (Net Income TTM 363.0m / Revenue TTM 4.04b)
Gross Margin = 32.88% ((Revenue TTM 4.04b - Cost of Revenue TTM 2.71b) / Revenue TTM)
Gross Margin QoQ = 38.80% (prev 35.35%)
Tobins Q-Ratio = 1.60 (Enterprise Value 26.13b / Total Assets 16.36b)
Interest Expense / Debt = 1.67% (Interest Expense 86.0m / Debt 5.16b)
Taxrate = 25.84% (23.0m / 89.0m)
NOPAT = 295.1m (EBIT 398.0m * (1 - 25.84%))
Current Ratio = 1.25 (Total Current Assets 2.06b / Total Current Liabilities 1.65b)
Debt / Equity = 0.65 (Debt 5.16b / totalStockholderEquity, last quarter 7.93b)
Debt / EBITDA = 7.62 (Net Debt 3.87b / EBITDA 508.0m)
Debt / FCF = 3.09 (Net Debt 3.87b / FCF TTM 1.25b)
Total Stockholder Equity = 7.55b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.46% (Net Income 363.0m / Total Assets 16.36b)
RoE = 4.81% (Net Income TTM 363.0m / Total Stockholder Equity 7.55b)
RoCE = 3.14% (EBIT 398.0m / Capital Employed (Equity 7.55b + L.T.Debt 5.12b))
RoIC = 2.57% (NOPAT 295.1m / Invested Capital 11.49b)
WACC = 7.02% (E(22.26b)/V(27.42b) * Re(8.36%) + D(5.16b)/V(27.42b) * Rd(1.67%) * (1-Tc(0.26)))
Discount Rate = 8.36% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 3.64%
[DCF Debug] Terminal Value 84.53% ; FCFF base≈1.11b ; Y1≈1.36b ; Y5≈2.32b
Fair Price DCF = 1878 (EV 48.93b - Net Debt 3.87b = Equity 45.06b / Shares 24.0m; r=7.02% [WACC]; 5y FCF grow 25.0% → 2.90% )
EPS Correlation: 14.86 | EPS CAGR: 36.75% | SUE: 0.05 | # QB: 0
Revenue Correlation: 45.57 | Revenue CAGR: 8.94% | SUE: 0.54 | # QB: 0
EPS next Quarter (2026-03-31): EPS=-0.09 | Chg30d=N/A | Revisions Net=+0 | Analysts=1
EPS next Year (2026-12-31): EPS=3.75 | Chg30d=-0.463 | Revisions Net=+0 | Growth EPS=+29.6% | Growth Revenue=+8.7%