Added to YB: 2026-10-02
Pitch date: 2026-09-28
FWONK [neutral]
Formula One Group
-4.27%
current return
Author Info
No bio for this author
Company Info
Formula One Group, together with its subsidiaries, engages in the motorsports business in the United States, the United Kingdom, Spain, and internationally.
Market Cap
$23.0B
Pitch Price
$94.86
Price Target
165.00 (+82%)
Dividend
N/A
EV/EBITDA
32.58
P/E
N/A
EV/Sales
6.85
Sector
Entertainment
Category
growth
The Monday Morning Briefing: Micron and Nike Earnings on Deck - Formula One Group
FWONK (quick overview): Formula One holds exclusive F1 commercial rights through 2110, with 18 of 24 races contracted through at least 2030; 2023-25 revenue rose 25% and free cash flow more than quadrupled to $0.79B. At ~33x 2025 free cash flow, Goldman’s 2029 forecasts imply $150-165 per share on current multiples. First-half 2026 revenue fell after Bahrain and Saudi race cancellations, while the $3.66B MotoGP acquisition is breakeven on EBITDA and drags on valuation.
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