Professional
Added to YB: 2024-08-05
Pitch date: 2024-06-30
FWONK [bullish]
Formula One Group
+29.71%
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
$72.29
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:
Artisan Mid Cap Fundy Added On Position: Formula One Group
FWONK: F1 expands fan base to US/China & younger demo via Netflix series, new broadcasts & competitive changes. Growing audience = higher broadcast fees, sponsorships & race value. Sports rights up as streamers compete. 2023 Las Vegas race costs to boost 2024 margins. Recent earnings affirm thesis. Moved to Crop® portfolio.
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