(FWONK) Liberty Media Series C - Overview
Sector: Communication Services | Industry: Entertainment | Exchange: NASDAQ (USA) | Market Cap: 22.752m USD | Total Return: -6.8% in 12m
Avg Turnover: 173M
Qual. Beats: 0
Rev. Trend: 93.5%
Qual. Beats: 0
Warnings
Below Avwap Earnings
Tailwinds
No distinct edge detected
Liberty Media Corporation’s Series C Liberty Formula One (FWONK) holds the exclusive commercial rights to the FIA Formula One World Championship. The business model functions as a global sports media and entertainment entity, generating revenue through media rights, race promotion fees, and corporate sponsorships. Beyond the primary racing series, the company manages the logistics, television production, and hospitality for the F1, F2, F3, and F1 Academy circuits.
The motorsports sector relies heavily on long-term broadcasting contracts and a geographically diverse race calendar to mitigate regional economic volatility. Unlike traditional sports leagues, Formula One operates as a centralized commercial entity, controlling the global intellectual property and filming rights for its entire competition structure. For a deeper analysis of these revenue streams, consider reviewing the financial metrics on ValueRay.
Headquartered in Englewood, Colorado, the company operates as a subsidiary of Liberty Media Corporation. Its integrated approach includes providing freight and technical support at events, ensuring a standardized broadcast product for international markets.
- International media rights expansion drives long-term broadcasting revenue growth
- Increasing United States race calendar footprint boosts sponsorship and ticketing income
- Rising team valuations and cost caps improve overall ecosystem financial stability
- FIA regulatory changes and Concorde Agreement negotiations impact commercial rights distribution
- Global viewership trends and digital engagement dictate future advertising contract premiums
| Net Income: 607.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA -1.42 > 1.0 |
| NWC/Revenue: 10.62% < 20% (prev 54.26%; Δ -43.64% < -1%) |
| CFO/TA 0.05 > 3% & CFO 836.0m > Net Income 607.0m |
| Net Debt (3.69b) to EBITDA (1.43b): 2.58 < 3 |
| Current Ratio: 1.35 > 1.5 & < 3 |
| Outstanding Shares: last quarter (250.0m) vs 12m ago -2.71% < -2% |
| Gross Margin: 27.27% > 18% (prev 0.29%; Δ 2.70k% > 0.5%) |
| Asset Turnover: 33.93% > 50% (prev 29.07%; Δ 4.86% > 0%) |
| Interest Coverage Ratio: 4.65 > 6 (EBITDA TTM 1.43b / Interest Expense TTM 223.0m) |
| A: 0.03 (Total Current Assets 1.96b - Total Current Liabilities 1.45b) / Total Assets 15.9b |
| B: 0.49 (Retained Earnings 7.84b / Total Assets 15.9b) |
| C: 0.07 (EBIT TTM 1.04b / Avg Total Assets 14.0b) |
| D: 1.03 (Book Value of Equity 7.73b / Total Liabilities 7.49b) |
| Altman-Z'' = 3.40 = A |
| DSRI: 1.36 (Receivables 262.0m/143.0m, Revenue 4.75b/3.51b) |
| GMI: 1.05 (GM 27.27% / 28.61%) |
| AQI: 1.23 (AQ_t 0.81 / AQ_t-1 0.65) |
| SGI: 1.35 (Revenue 4.75b / 3.51b) |
| TATA: -0.01 (NI 607.0m - CFO 836.0m) / TA 15.9b) |
| Beneish M = -2.31 (Cap -4..+1) = BBB |
As of June 02, 2026, the stock is trading at USD 90.79 with a total of 2,076,085 shares traded.
Over the past week, the price has changed by +1.78%,
over one month by +5.63%,
over three months by -0.33% and
over the past year by -6.83%.
Liberty Media Series C has received a consensus analysts rating of 4.23. Therefore, it is recommended to buy FWONK.
- StrongBuy: 8
- Buy: 2
- Hold: 2
- Sell: 0
- StrongSell: 1
| Analysts Target Price | 114.8 | 26.4% |
P/E Trailing = 39.6463
P/E Forward = 64.5161
P/S = 5.6521
P/B = 2.9281
P/EG = 3.9656
Revenue TTM = 4.75b USD
EBIT TTM = 1.04b USD
EBITDA TTM = 1.43b USD
Long Term Debt = 4.97b USD (from longTermDebt, last quarter)
Short Term Debt = 53.0m USD (from shortTermDebt, last quarter)
Debt = 5.02b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 3.69b USD (calculated: Debt 5.02b - CCE 1.33b)
Enterprise Value = 26.4b USD (22.8b + Debt 5.02b - CCE 1.33b)
Interest Coverage Ratio = 4.65 (Ebit TTM 1.04b / Interest Expense TTM 223.0m)
EV/FCF = 36.22x (Enterprise Value 26.4b / FCF TTM 730.0m)
FCF Yield = 2.76% (FCF TTM 730.0m / Enterprise Value 26.4b)
FCF Margin = 15.38% (FCF TTM 730.0m / Revenue TTM 4.75b)
Net Margin = 12.79% (Net Income TTM 607.0m / Revenue TTM 4.75b)
Gross Margin = 27.27% ((Revenue TTM 4.75b - Cost of Revenue TTM 3.45b) / Revenue TTM)
Gross Margin QoQ = 41.91% (prev 6.68%)
Tobins Q-Ratio = 1.66 (Enterprise Value 26.4b / Total Assets 15.9b)
Interest Expense / Debt = 4.44% (Interest Expense 223.0m / Debt 5.02b)
Taxrate = 8.62% (5.00m / 58.0m)
NOPAT = 948.5m (EBIT 1.04b * (1 - 8.62%))
Current Ratio = 1.35 (Total Current Assets 1.96b / Total Current Liabilities 1.45b)
Debt / Equity = 0.65 (Debt 5.02b / totalStockholderEquity, last quarter 7.73b)
Debt / EBITDA = 2.58 (Net Debt 3.69b / EBITDA 1.43b)
Debt / FCF = 5.05 (Net Debt 3.69b / FCF TTM 730.0m)
Total Stockholder Equity = 7.68b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.34% (Net Income 607.0m / Total Assets 15.9b)
RoE = 7.90% (Net Income TTM 607.0m / Total Stockholder Equity 7.68b)
RoCE = 8.21% (EBIT 1.04b / Capital Employed (Equity 7.68b + L.T.Debt 4.97b))
RoIC = 6.65% (NOPAT 948.5m / Invested Capital 14.3b)
WACC = 7.34% (E(22.8b)/V(27.8b) * Re(8.06%) + D(5.02b)/V(27.8b) * Rd(4.44%) * (1-Tc(0.09)))
Discount Rate = 8.06% (= CAPM, Blume Beta Adj.)
Shares (yearly) Correlation: -33.33 | Cagr: -3.41%
[DCF] Terminal Value 75.49% ; FCFF base≈728.8m ; Y1≈734.3m ; Y5≈783.2m
[DCF] Fair Price = 37.84 (EV 12.2b - Net Debt 3.69b = Equity 8.48b / Shares 224.2m; r=8.35% [WACC [floored]]; 5y FCF grow 0.41% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.06 | # QB: 0
Revenue Correlation: 93.54 | Revenue CAGR: 20.19% | SUE: 0.69 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.30 | Chg30d=-53.68% | Revisions=-33% | Analysts=5
EPS next Quarter (2026-09-30): EPS=0.57 | Chg30d=-0.99% | Revisions=+0% | Analysts=5
EPS current Year (2026-12-31): EPS=1.76 | Chg30d=+7.74% | Revisions=+14% | GrowthEPS=-21.4% | GrowthRev=+5.0%
EPS next Year (2027-12-31): EPS=2.15 | Chg30d=+2.39% | Revisions=+14% | GrowthEPS=+22.2% | GrowthRev=+11.6%
[Analyst] Revisions Ratio: -33%