FWONK
Communication ServicesFormula One Group · Entertainment · $22B
What is Formula One Group?
Formula One Group holds the commercial rights to Formula 1, the world's premier motorsport championship. Operating internationally, it sits at the center of one of the most-watched annual sporting competitions on the planet.
Formula One Group generates revenue by controlling the commercial rights to the FIA Formula 1 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 circuits, broadcasting and media rights deals with global networks, sponsorship arrangements, and trackside hospitality. The group operates as a subsidiary of Liberty Media Corporation.
The tracking stock structure was established in 2014, with the underlying business tracing roots to 1950; the group is headquartered in Englewood, Colorado.
- Commercial rights to the FIA Formula 1 World Championship
- Global broadcast and media rights licensing
- Race-hosting and circuit fee agreements
- Sponsorship and brand partnership programs
- Trackside hospitality and premium fan experiences
Is FWONK a Good Stock to Buy?
UQS Score rates FWONK as Below Average overall.
Among the five pillars, Moat registers as Neutral — reflecting the structural exclusivity of Formula 1's commercial rights, which creates a meaningful barrier to direct competition. No other entity can replicate the championship's heritage or global broadcast footprint.
Quality, Growth, and Risk all carry Weak ratings, while Valuation is flagged as Elevated — suggesting the market may already be pricing in optimism that the underlying fundamentals do not yet fully 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 FWONK pay dividends?
No — Formula One Group does not currently pay a dividend.
FWONK does not currently pay a dividend. As a rights-holding and media business operating under a larger corporate structure, capital is directed toward content investment, race calendar expansion, and commercial development rather than shareholder distributions. Income-focused investors should factor this into their assessment.
When does FWONK report earnings?
Formula One Group reports earnings on a quarterly cadence, consistent with standard practice for US-listed equities.
Revenue trends reflect the seasonal nature of the racing calendar, with results influenced by the number of race weekends, broadcast deal timing, and circuit fee negotiations. Growth and quality metrics have faced pressure, as reflected in the UQS pillar profile.
For the most recent quarter's results, visit Formula One Group's investor relations page directly.
FWONK Price History
+88.2% 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.
FWONK Long-term Outlook
The fundamental outlook for FWONK is mixed. The Moat pillar suggests the commercial rights structure provides some durability, but Weak Growth and Quality ratings indicate the business has not yet translated its brand strength into consistently improving financial performance. An Elevated Valuation rating adds a layer of caution, as the current market price appears to embed expectations that may be difficult to meet given the Risk profile.
Growth drivers
- Expansion of the Formula 1 race calendar into new markets, particularly the United States
- Renewal and escalation of global broadcast rights agreements
- Growing sponsorship demand as the sport attracts younger, global audiences
Key risks
- Elevated valuation leaves limited margin of safety if growth disappoints
- Weak Risk rating reflects exposure to cost pressures, regulatory changes, and macroeconomic sensitivity in advertising and sponsorship markets
- Dependence on Liberty Media's corporate structure adds an additional layer of complexity for standalone equity holders
FWONK vs Peers
FWONK operates in the broader communication services and sports media landscape, where it competes for advertising budgets, broadcast rights attention, and audience engagement.
FWONA is the non-voting share class of the same underlying Formula One Group entity, differing from FWONK primarily in voting rights structure rather than business exposure.
Fox Corporation competes for live sports broadcast rights and advertising revenue, operating major broadcast and cable networks that vie for the same audience attention as Formula 1 media properties.
FOXA represents the voting share class of Fox Corporation, giving holders greater governance influence over a diversified sports and news media business that overlaps with Formula 1's broadcast ecosystem.
Frequently Asked Questions
What does Formula One Group do?
Formula One Group holds and monetizes the commercial rights to the FIA Formula 1 World Championship. It earns revenue through race-hosting fees, global broadcast rights, sponsorships, and hospitality. The championship runs for approximately nine months each year, spanning circuits across multiple continents.
Does FWONK pay dividends?
No, FWONK does not pay a dividend. The company reinvests available capital into commercial operations, race calendar growth, and media rights development. Investors seeking regular income distributions should note this before considering the stock.
When does FWONK report earnings?
Formula One Group reports on a quarterly basis, in line with standard US-listed company practice. Results can be influenced by the seasonal racing calendar. For exact dates, check the investor relations section of the company's official website.
Is FWONK a good stock to buy?
UQS Score rates FWONK as Below Average, with Weak ratings across Quality, Growth, and Risk pillars, and an Elevated Valuation. The Moat pillar is Neutral, reflecting the exclusivity of Formula 1's commercial rights. The complete pillar breakdown is available to Pro members.
Is FWONK overvalued?
The UQS Valuation pillar for FWONK is rated Elevated, suggesting the current market price may not be well-supported by the underlying fundamental profile. Investors should weigh this against the Weak Growth and Quality ratings when forming their own view.
How does FWONK compare to its competitors?
FWONK occupies a unique position as the sole holder of Formula 1's commercial rights, distinguishing it from broader media competitors like Fox Corporation. However, it competes for advertising spend and audience time in a crowded sports media landscape. The full UQS comparison is available on each ticker's page.
What is FWONK's market cap bracket?
FWONK is classified as a large-cap stock. This places it among established, well-known publicly traded companies, though large-cap status alone does not indicate quality or valuation attractiveness — the UQS pillar profile provides a more complete picture.
Who founded Formula One Group?
The Formula 1 World Championship itself dates to 1950. The Formula One Group tracking stock structure, under which FWONK trades, was created in 2014 following Liberty Media's involvement. Founding context for the broader championship is widely documented in public sources.
Is FWONK a long-term quality indicator?
As a long-term quality indicator, FWONK's UQS profile raises caution. Weak Quality and Growth ratings suggest the business has not consistently demonstrated the financial characteristics associated with durable compounders. The Neutral Moat offers some structural support, but the Elevated Valuation limits the margin of safety.
What is the main competitive advantage of Formula One Group?
Formula One Group's primary structural advantage is its exclusive control over the commercial rights to the world's most prestigious motorsport championship. No competing series can replicate Formula 1's heritage, global broadcast reach, or manufacturer participation — factors that support its Neutral Moat rating in the UQS framework.
What sector does FWONK belong to?
FWONK is classified under the Communication Services sector. This reflects its core business in media rights, broadcasting, and content-driven revenue — placing it alongside other companies that monetize audiences through entertainment and sports properties.
Is FWONK a growth stock or value stock?
Based on the UQS pillar profile, FWONK does not fit neatly into either category. The Growth pillar is rated Weak, while Valuation is Elevated — meaning it lacks the financial growth momentum of a typical growth stock and does not carry the discounted pricing associated with value investing.
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Pro Analysis
FWONK — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| Jun 10, 2026 | 33.6 | 31.3 | 41.0 | 38.0 | 29.6 | 23.3 | -0.1 |
| Jun 9, 2026 | 33.7 | 31.3 | 41.0 | 38.0 | 29.6 | 24.0 | 0.0 |
| Jun 6, 2026 | 33.7 | 31.3 | 41.0 | 38.0 | 29.6 | 23.6 | -0.2 |
| Jun 5, 2026 | 33.9 | 31.4 | 41.0 | 38.0 | 29.6 | 24.9 | +0.2 |
| Jun 4, 2026 | 33.7 | 31.4 | 41.0 | 38.0 | 29.6 | 23.8 | 0.0 |
| Jun 3, 2026 | 33.7 | 31.1 | 41.0 | 38.0 | 29.6 | 23.8 | +0.2 |
| Jun 2, 2026 | 33.5 | 31.0 | 41.0 | 38.0 | 29.6 | 22.8 | -0.1 |
| Jun 1, 2026 | 33.6 | 31.1 | 41.0 | 38.0 | 29.6 | 23.6 | 0.0 |
| May 30, 2026 | 33.6 | 31.1 | 41.0 | 38.2 | 29.6 | 23.6 | -0.1 |
| May 29, 2026 | 33.7 | 31.1 | 41.0 | 38.2 | 29.6 | 24.1 | +0.1 |
FWONK — Pillar Breakdown
Quality
— 31.3/100 (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
— 38.0/100 (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
— 41/100 (25%)Formula One Group possesses some competitive advantages but faces meaningful competition. 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 FWONK.
Score Composition
Financial Data
More Stock Analysis
How is the FWONK 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.