Professional
Added to YB: 2025-01-30
Pitch date: 2025-01-24
FWONK [bullish]
Formula One Group
+1.72%
current return
Author Info
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Company Info
Formula One Group, together with its subsidiaries, engages in the motorsports business in the United States and the United Kingdom.
Market Cap
$24.5B
Pitch Price
$92.18
Price Target
N/A
Dividend
N/A
EV/EBITDA
31.64
P/E
118.22
EV/Sales
7.19
Sector
Entertainment
Category
growth
Show full summary:
Sequoia Strategy Composite Portfolio Holding: Formula One Group
FWONK: Formula One 2024 rev +20%, EPS +30%. New races, regulations boosting parity. LVMH 10yr $100M/yr deal. MotoGP acquisition pending for €3.8bn. Liberty restructuring, CEO change. Trading at 30x cash earnings. Unique asset with long-term growth potential despite high valuation.
Read full article (4 min)