FWONA
Communication ServicesFormula One Group · Entertainment · $20B
What is Formula One Group?
Formula One Group holds the commercial rights to one of the world's most-watched motorsport competitions. Operating under Liberty Media Corporation, it manages the global Formula One World Championship across dozens of race events each season.
Formula One Group generates revenue by controlling the commercial rights to the Formula One World Championship — a roughly nine-month racing season in which constructor teams and individual drivers compete for their respective titles. Revenue flows from race hosting fees paid by circuit promoters, broadcast and streaming rights deals with global media partners, sponsorship agreements, and trackside advertising. The business model is built on the scarcity and global prestige of the F1 brand rather than physical product sales.
The Formula One Group tracking stock structure was established in 2013, with the underlying business tracing its roots to 1950. The company is headquartered in Englewood, Colorado.
- Commercial rights to the Formula One World Championship
- Race hosting and circuit promoter agreements
- Global broadcast and streaming rights licensing
- Sponsorship and trackside advertising packages
- F1 brand licensing and fan experience products
Is FWONA a Good Stock to Buy?
UQS Score rates FWONA as Below Average overall, reflecting challenges across several key fundamental pillars.
Among the five pillars, Moat registers as Neutral — acknowledging that the Formula One brand carries genuine scarcity value and long-term contractual relationships that are difficult for rivals to replicate. This structural position provides some insulation from direct competition.
Quality, Growth, and Risk all carry Weak ratings, while Valuation is flagged as Elevated — suggesting the market may already be pricing in optimistic outcomes that the underlying fundamentals do not yet support.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does FWONA pay dividends?
No — Formula One Group does not currently pay a dividend.
FWONA does not currently pay a dividend. As a tracking stock tied to a media and entertainment asset, Formula One Group has historically prioritized reinvesting capital into expanding the championship's global footprint — including new race markets and media rights development — rather than returning cash directly to shareholders.
When does FWONA report earnings?
Formula One Group reports earnings on a quarterly cadence, consistent with standard practice for US-listed equities.
Results tend to reflect the seasonal rhythm of the racing calendar, with revenue recognition tied to race events held throughout the year. Investors watch closely for updates on media rights renewals, new race additions, and sponsorship growth as indicators of the business trajectory.
For the most recent quarter's results and management commentary, visit Formula One Group's investor relations page directly.
FWONA Price History
+106.4% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Formula One Group?
Based on Formula One Group's historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
FWONA Long-term Outlook
The Growth pillar currently sits at Weak, indicating that near-term expansion has not yet translated into the kind of fundamental momentum that would shift the overall UQS profile. The Risk pillar is also Weak, pointing to meaningful uncertainty around cost structures, media rights negotiations, and macroeconomic sensitivity in the entertainment sector. With Valuation rated Elevated, the stock appears priced for a more favorable outcome than current fundamentals reflect.
Growth drivers
- Expansion into new race markets, particularly in the United States and Middle East
- Renewal and growth of global broadcast and streaming rights deals
- Rising sponsorship demand driven by F1's growing younger fan base
Key risks
- Elevated valuation leaves limited margin of safety if growth disappoints
- Weak risk profile reflects exposure to contract renegotiations and team cost pressures
- Dependence on a single sport creates concentration risk versus diversified media peers
FWONA vs Peers
FWONA operates in the Communication Services sector alongside a range of media and entertainment businesses, each with a distinct model.
FWONK is the voting share class of the same Formula One tracking stock, differing from FWONA primarily in shareholder voting rights rather than underlying business exposure.
Roku competes for streaming audience attention and advertising budgets, but operates a platform model rather than owning rights to a single live sports property.
Fox holds broadcast rights to major sports and news content, giving it a diversified live-event portfolio compared to Formula One Group's single-sport focus.
Frequently Asked Questions
What does Formula One Group do?
Formula One Group owns and manages the commercial rights to the Formula One World Championship. It earns revenue from race hosting fees, global broadcast rights, sponsorship deals, and brand licensing — essentially monetizing the worldwide audience and prestige of the F1 racing series.
Does FWONA pay dividends?
No, FWONA does not currently pay a dividend. The company reinvests capital into growing the Formula One franchise globally, including expanding to new race markets and developing media rights partnerships, rather than distributing cash to shareholders.
When does FWONA report earnings?
Formula One Group follows a standard quarterly earnings cadence for US-listed companies. Because results are tied to the racing calendar, the timing of race events within each quarter can influence reported figures. Check the company's investor relations page for the current schedule.
Is FWONA a good stock to buy?
UQS Score rates FWONA as Below Average, with Weak readings across Quality, Growth, and Risk pillars, and an Elevated Valuation rating. The Moat pillar is Neutral, reflecting the brand's scarcity value. Investors should weigh these factors carefully against their own risk tolerance and time horizon.
Is FWONA overvalued?
The UQS Valuation pillar for FWONA is rated Elevated, suggesting the current market price may reflect expectations that go beyond what the underlying fundamentals currently support. This does not guarantee a price decline, but it does indicate a reduced margin of safety.
How does FWONA compare to its competitors?
Unlike diversified media companies such as Fox Corporation, Formula One Group's revenue is concentrated in a single sport. Compared to streaming platforms like Roku, F1 benefits from live event scarcity but lacks platform-scale audience diversification. The full UQS comparison is available to Pro members.
What is FWONA's market cap bracket?
FWONA is classified as a large-cap stock, placing it among the larger publicly traded companies in the Communication Services sector. Large-cap status generally implies greater liquidity and institutional coverage compared to smaller peers.
Who founded Formula One Group?
The Formula One World Championship itself dates to 1950. The Formula One Group tracking stock structure was created in 2013 when Liberty Media reorganized its holdings. Liberty Media's acquisition of Formula One was completed in 2017, bringing the championship under its corporate umbrella.
Is FWONA a long-term quality indicator?
As a long-term quality indicator, FWONA's current UQS profile — with Weak Quality and Growth pillars alongside an Elevated Valuation — suggests the stock does not yet demonstrate the fundamental durability that typically characterizes high-scoring long-term holdings. The Neutral Moat rating offers some structural support, but the overall picture warrants caution.
What is the main competitive advantage of Formula One Group?
Formula One Group's primary advantage is the scarcity and global prestige of the F1 brand. There is only one Formula One World Championship, and its long-term contracts with circuits, teams, and broadcasters create meaningful barriers to replication — reflected in the Neutral Moat rating within the UQS framework.
What sector does FWONA belong to?
FWONA is classified within the Communication Services sector. This sector includes media companies, entertainment platforms, and content rights holders — businesses that generate value primarily through audience reach and intellectual property rather than physical goods.
Is FWONA a growth stock or value stock?
Based on UQS pillar labels, FWONA does not fit neatly into either category at present. The Growth pillar is rated Weak, limiting its growth-stock credentials, while the Elevated Valuation rating makes a traditional value characterization difficult. It currently occupies an uncertain middle ground on both dimensions.
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Pro Analysis
FWONA — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 22, 2026 | 37.4 | 31.2 | 56.0 | 37.4 | 29.6 | 24.5 | +2.5 |
| May 8, 2026 | 34.9 | 10.0 | 56.0 | 36.7 | 60.0 | 14.1 | -2.2 |
| May 7, 2026 | 37.1 | 30.5 | 56.0 | 36.7 | 29.8 | 24.5 | 0.0 |
| Apr 26, 2026 | 37.1 | 30.5 | 56.0 | 36.7 | 29.8 | 24.6 | 0.0 |
| Apr 25, 2026 | 37.1 | 30.5 | 56.0 | 37.0 | 29.8 | 24.2 | -0.5 |
| Apr 23, 2026 | 37.6 | 30.5 | 56.0 | 37.0 | 29.8 | 27.1 | +0.2 |
| Apr 22, 2026 | 37.4 | 30.4 | 56.0 | 37.0 | 29.8 | 26.3 | -0.1 |
| Apr 21, 2026 | 37.5 | 30.4 | 56.0 | 37.3 | 29.8 | 26.4 | 0.0 |
| Apr 19, 2026 | 37.5 | 30.4 | 56.0 | 37.3 | 29.8 | 26.5 | +0.2 |
| Apr 18, 2026 | 37.3 | 30.4 | 56.0 | 37.3 | 29.8 | 25.3 | -0.8 |
FWONA — Pillar Breakdown
Quality
— 31.2/100 (25%)Formula One Group currently shows below-average quality metrics, suggesting challenges with profitability.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 37.4/100 (20%)Formula One Group shows steady but unspectacular growth, typical for mature companies.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 29.6/100 (15%)Formula One Group presents elevated risk with concerns around leverage or financial stability.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 24.5/100 (15%)Formula One Group appears expensively valued relative to its fundamentals and growth prospects.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 56/100 (25%)Formula One Group has meaningful competitive advantages that should protect its market position. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for FWONA.
Score Composition
Financial Data
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How is the FWONA UQS Score Calculated?
The UQS (Unified Quality Score) for Formula One Group is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Formula One Group's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Formula One Group is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.