Added to YB: 2026-05-20
Pitch date: 2026-05-18
FWONA [neutral]
Formula One Group
-1.11%
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
$22.2B
Pitch Price
$90.99
Price Target
172.00 (+91%)
Dividend
N/A
EV/EBITDA
31.71
P/E
N/A
EV/Sales
6.72
Sector
Entertainment
Category
growth
Formula One Group: Blooming Sports Biz With Fanatical Fans
FWONA (overview): Owns F1 until 2110 & MotoGP. F1: 24 races/yr, 800M fans, $724M EBITDA (25% margin), growing ~12% via race promotion (27% rev), media rights (31%), sponsorship (22%). New $140M Apple TV deal (+68%), $110M/yr LVMH deal. MotoGP: 40% rev growth, 9% of cash flow. Risks: $5B debt (6.9x EBITDA), Concorde Agreement renewals, Middle East geopolitical disruptions. Trading 24x EV/EBITDA, 52x P/E. Base case: 14% IRR to $172 by 2030. Pass for now.
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