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Liberty Media Corporation Series B Liberty Formula One (FWONB)
:FWONB
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Liberty Media Liberty Formula One
(OTC:FWONB)
60Neutral
Liberty Media Liberty Formula One (FWONB) vs. S&P 500 (SPY)
Market Cap
$27.85B
Dividend YieldN/A
Average Volume (3M)104.00
Price to Earnings (P/E)―
Beta (1Y)0.48
Revenue Growth12.23%
EPS Growth-110.37%
CountryUS
Employees1,184
SectorCommunication Services
Sector Strength76
IndustryEntertainment
Share Statistics
EPS (TTM)-0.09
Shares Outstanding2,431,602
10 Day Avg. Volume261
30 Day Avg. Volume104
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)5.37
Price to Cash Flow (P/CF)-213.20
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Liberty Media Liberty Formula One Business Overview & Revenue Model
Company DescriptionLiberty Media Liberty Formula One (FWONB) is a part of Liberty Media Corporation, which focuses on media, communications, and entertainment businesses. Liberty Formula One specifically manages the commercial rights of the Formula One World Championship, one of the most prestigious and widely viewed motorsport series globally. The company is responsible for the promotion, marketing, and overall commercial management of Formula One, working with teams, circuits, sponsors, and broadcasters to deliver the racing series worldwide.
How the Company Makes MoneyLiberty Formula One generates revenue through several key streams. One primary source is the sale of broadcasting rights to TV networks and digital platforms, allowing them to air Formula One races globally. Another significant revenue stream comes from hosting fees paid by race promoters who organize Grand Prix events in various countries. Additionally, the company earns from sponsorships and advertising, partnering with global brands for trackside advertising, team sponsorships, and event promotions. Licensing and merchandising also contribute to revenues, where the company licenses the Formula One brand to manufacturers and retailers for various products. Moreover, partnerships with digital and technology firms for content distribution and fan engagement also play a role in the company's earnings.
Liberty Media Liberty Formula One Financial Statement Overview
Summary
Liberty Media Liberty Formula One has shown significant financial improvement and resilience with strong revenue growth and margin enhancement. The company has effectively managed cash flows, although recent changes in liabilities and equity raise questions about sustainability.Income Statement
Liberty Media Liberty Formula One has shown a strong revenue growth trajectory, particularly from 2020 to 2024. The net profit margin improved significantly, turning positive after 2021, indicating a recovery and stabilization in profits. Gross profit margins have been consistent, and a notable improvement in EBIT and EBITDA margins reflects operational efficiency gains. However, the company faced challenges in 2020 with negative margins, which it has overcome in subsequent years.78
Positive
Balance Sheet
The company shows a strong equity base with stockholders' equity consistently high compared to total assets, indicating a solid financial foundation. The elimination of total debt in 2024 suggests strategic debt management, although previous years indicated higher leverage. The absence of liabilities in the latest report may suggest a restructuring or reclassification of financial positions.65
Positive
Cash Flow
The company has maintained positive operating cash flows over the years, with significant improvements in free cash flow, especially from 2020 to 2024. Despite fluctuations in investing and financing activities, the overall cash flow management appears robust. The free cash flow to net income ratio suggests efficient cash conversion, particularly in recent years.70
Positive
| Breakdown | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 2.56B | 3.65B | 3.22B | 2.57B | 2.14B | 1.15B | Gross Profit |
| 823.00M | 1.17B | 982.00M | 823.00M | 647.00M | 171.00M | EBIT |
| 198.00M | 287.00M | 297.00M | 231.00M | 77.00M | -444.00M | EBITDA |
| 374.00M | 577.00M | 794.00M | 535.00M | 363.00M | -119.00M | Net Income Common Stockholders |
| -123.00M | -30.00M | 185.00M | 558.00M | -120.00M | -594.00M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 1.23B | 2.63B | 1.41B | 1.73B | 2.07B | 1.68B | Total Assets |
| 10.61B | 11.76B | 10.27B | 11.02B | 11.66B | 11.19B | Total Debt |
| 2.90B | 2.99B | 2.91B | 2.95B | 3.63B | 3.76B | Net Debt |
| 1.67B | 361.00M | 1.50B | 1.21B | 1.56B | 2.08B | Total Liabilities |
| 4.12B | 4.37B | 3.85B | 4.08B | 4.72B | 4.64B | Stockholders Equity |
| 6.49B | 7.39B | 6.42B | 6.91B | 6.34B | 6.55B |
| Cash Flow | Free Cash Flow | ||||
| 142.00M | 492.00M | 193.00M | 243.00M | 464.00M | -160.00M | Operating Cash Flow |
| 403.00M | 567.00M | 619.00M | 534.00M | 481.00M | -139.00M | Investing Cash Flow |
| -227.00M | -292.00M | -510.00M | 394.00M | -600.00M | 75.00M | Financing Cash Flow |
| -448.00M | 965.00M | -435.00M | -1.27B | 512.00M | 1.16B |
Liberty Media Liberty Formula One Technical Analysis
Positive
78.50
Price Trends
82.46
Negative
84.07
Negative
78.53
Negative
Market Momentum
-1.62
Negative
51.55
Neutral
76.15
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FWONB, the sentiment is Positive. The current price of 78.5 is above the 20-day moving average (MA) of 77.01, below the 50-day MA of 82.46, and below the 200-day MA of 78.53, indicating a neutral trend. The MACD of -1.62 indicates Negative momentum. The RSI at 51.55 is Neutral, neither overbought nor oversold. The STOCH value of 76.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FWONB.
Liberty Media Liberty Formula One Risk Analysis
Liberty Media Liberty Formula One disclosed 106 risk factors in its most recent earnings report. Liberty Media Liberty Formula One reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Liberty Media Liberty Formula One Peers Comparison
Overall Rating
UnderperformOutperform
Sector (58)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $21.05B | 10.31 | 20.09% | 1.12% | 4.29% | 177.70% | |
71 Outperform | $29.70B | 48.38 | 827.53% | ― | 1.79% | 99.46% | |
67 Neutral | $15.63B | 36.11 | 5.23% | 0.75% | -1.51% | 82.74% | |
65 Neutral | $25.36B | 2,708.04 | 0.23% | 0.26% | 58.35% | -81.32% | |
60 Neutral | $27.85B | ― | -0.43% | ― | 12.23% | -110.37% | |
58 Neutral | $13.14B | 6.83 | -2.45% | 3.85% | 2.36% | -36.75% | |
50 Neutral | $19.67B | ― | -28.54% | ― | -4.91% | -259.71% |
* Communication Services Sector Average
Performance Comparison
FWONB
Liberty Media Liberty Formula One
79.30
16.06
25.40%
LYV
Live Nation Entertainment
132.72
44.23
49.98%
NWSA
News Corp
26.84
2.81
11.69%
TKO
TKO Group Holdings
155.28
59.34
61.85%
FOXA
Fox
49.02
17.70
56.51%
WBD
Warner Bros
8.50
0.21
2.53%
Liberty Media Liberty Formula One Earnings Call Summary
Earnings Call Date: Feb 27, 2025 | % Change Since: -12.13% | Next Earnings Date: May 7, 2025
Earnings Call Sentiment Positive
The earnings call highlighted several positive developments, including strong revenue growth, increased global partnerships, and audience expansion for Formula One. However, challenges in the Las Vegas Grand Prix's financial performance and hospitality revenue were noted.Highlights
Formula One Revenue Growth
Total revenue for Formula One grew 6% in 2024, driven by additional races and sponsorship revenue, which increased by 10% year-over-year.
Strong Financial Position
Formula One Group had attributed cash and liquid investments of $2.6 billion at year-end, with a leverage of 1.3 times as of December 31st.
Increased F1 TV Subscribers
F1 TV subscribers grew by 15%, with the US remaining the largest market.
Expanding Global Partnerships
F1 signed new sponsorship deals, including with LVMH, Lenovo, and Aramco, adding to its global partner base.
Audience Growth
F1's fan base grew, with 750 million global fans and a 38% increase in social media followers year-over-year.
Lowlights
Las Vegas Grand Prix Missed Expectations
The 2024 Las Vegas Grand Prix underperformed in terms of standalone revenue and OIBDA, primarily due to ticket sales.
Challenges in Hospitality Revenue
There was softness in certain hospitality offerings at the Las Vegas Grand Prix despite overall strong growth in Paddock Club revenue.
Company Guidance
In the Liberty Media Corporation 2024 year-end earnings call, the company provided guidance on several fronts, emphasizing their strategic priorities for 2025. Key metrics discussed included the anticipation of a 22-race calendar for MotoGP, up from 20 in 2024, and the integration of the Las Vegas Grand Prix operations into the London F1 team. The company highlighted a record 2024 for Formula One, with a 6% increase in total revenue driven by two additional races and a 10% rise in sponsorship revenue. Liberty Media also reported that Formula One had $14.4 billion in future revenue contracted under multiyear agreements. Despite the Las Vegas Grand Prix missing expectations in terms of revenue and OIBDA, adjustments are being made to improve performance in 2025. The company also mentioned a continued focus on structural simplification to highlight the value of their Live Nation equity stake, and they plan to further enhance Formula One's market presence across the Americas.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.