Formula One Group
FWONA · Price history
Price at last available close
$83.88
−$1.47 (-1.72%) 1M
2026-10-28
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Company & revenue
About Formula One Group
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Formula One Group is involved in the motorsports industry, conducting business both in the United States and globally. Its primary function is holding the commercial rights to the Formula One World Championship, an extensive motor racing series that unfolds over approximately nine months each year. In this competition, teams contend for the constructors' championship, while individual drivers vie for the drivers' championship.
How they make money
Formula One Group generates revenue primarily through the commercial exploitation of the FIA Formula One World Championship. This includes media rights fees from broadcasters, race promotion fees paid by event organizers, and sponsorship agreements with global brands, alongside the direct promotion of the Las Vegas Grand Prix.
Products & services
The company manages the commercial rights to the FIA Formula One World Championship, including media broadcasting, race promotion, and sponsorship sales, and operates the Las Vegas Grand Prix.
Brands & revenue mix
The premier global motorsport racing series.
Separate brand revenue is not available in this research.Source
The premier global motorcycle racing series.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer concentration
The company discloses that media rights, race promotion, and sponsorship revenue are subject to concentration risks related to the global nature of the sport and specific contractual agreements with broadcasters and promoters as of 2025-12-31.
Suppliers, materials & equipment
- Race Promoters — Third-party entities that organize and host Formula 1 events in various countries.Source
Strengths
- Exclusive commercial rights to the FIA Formula One World ChampionshipSource
Sources
Financial risk observations and what to check
These are saved observations about business performance, not predictions. Review the company filings alongside the interpretation below. Latest stored financial period end: 2026-06-30.
Quarterly revenue fell 30.4% versus the same quarter last year.
Check comparable business scope and currency, then separate volume, pricing and divestitures. One weaker quarter does not establish that the same decline will continue.
Quarterly EPS fell 98.7% versus the same quarter last year.
Review net income and weighted-average shares together. Per-share earnings can change because of operating performance, nonrecurring items or the share denominator.
Total debt increased 62.5% versus the same quarter last year.
Compare the added borrowing with available cash, cash generation and maturities. A percentage increase from a small starting balance can look large without measuring the full debt burden.
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
35
Poor
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
51
Fair
Financial Strength
41
Business Quality / Moat
65
Management
48
Growth Quality
39
Risk / Durability
70
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
29
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
39/100
Building Historical Record
Model Score 39/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
- •Asset quality scores strongly
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
- •Debt / balance-sheet profile needs attention
Company-specific research
Questions worth answering for FWONA
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •What is driving FWONA's revenue decline, and does the latest company filing suggest the weakness is temporary or structural?
- •Is FWONA's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
- •Is FWONA's debt load manageable relative to cash generation, interest costs and upcoming maturities?
- •What future growth or profitability would be needed to justify FWONA's current valuation?
- •What does the current fundamental change risk warning mean for the reliability or interpretation of FWONA's score?
Essential Investment Snapshot
Wall Street Score
35
Opportunity Score
29
Market Cap
$21.02B
P/E Ratio
46.0
EPS
$1.84
52-Week High
$99.52
52-Week Low
$73.70
Beta
0.70
Intrinsic Value
$70.84
Analyst Target
$119.50
Shares Outstanding
252.0M
Total Revenue
$4.34B
Total Debt
$4.92B
Dividend
No current dividend
Liquidation Value / Share
$33.25
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Weakening momentum
Low movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Community Sentiment
0 active · 0 total callsNo personal call yet on FWONA.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Exclusive commercial rights to the FIA Formula One World Championship.
- +Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Entertainment industry.
- −Dependence on the continued popularity and global appeal of Formula 1.
- −Operational risks associated with hosting and promoting live sporting events.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
5 historical score records availablePrevious Score
35
Sep 24, 2026
Change
+0.1
points
Current Score
35
Oct 1, 2026
Category Changes
FWONA increased 0.1 points because overall fundamentals improved.
Projected Score
Projected Score
26
Projected Change
-9.2 points
Preliminary comparable-period financial changes suggest decline of approximately 9.2 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
OvervaluedCurrent Price
$83.88
Model Intrinsic Value
$70.84
Difference
+$13.04
+18.4% vs IV
Margin of Safety
-18.4%
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.34B | $4.48B | $3.65B | $3.22B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $2.92B | $3.36B | $2.49B | $2.24B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $1.42B | $1.12B | $1.17B | $982.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $645.0M | $35.0M | $408.0M | $316.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $889.0M | $514.0M | $878.0M | $685.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | $1.36B | $1.15B | $577.0M | $794.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | $535.0M | $604.0M | $287.0M | $297.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $236.0M | $28.0M | $208.0M | $214.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | $700.2M | $733.0M | $17.0M | $211.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $195.2M | $137.0M | $47.0M | $27.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | $461.0M | $555.0M | -$30.0M | $185.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $1.84 | $2.22 | $-0.12 | $0.79 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 250M | 250M | 240M | 234M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 250M | 252M | 243M | 240M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$934.0M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$0.02
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
+62.5%
Cash Change
-53.3%
Margin Change
-28.0 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Weakened
- Margins contracted
- Cash position declined
- Debt increased
Potential Score Impact
Pressure indicators included revenue growth, EPS growth, cash levels, debt levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue declined 30.4%. EPS declined 98.7%. Cash declined 53.3%. Total debt increased 62.5%. Net income margin declined by 28.0 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
32
Smart Money
32
Number of Gurus
2
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
5 historical recordsHistorical Score Chart
3 of 5 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
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Rumor Mill · FWONA
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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