Formula One Group

DB:LM0F Stock Report

Market Cap: €21.5b

Formula One Group Valuation

Is LM0F undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of LM0F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
€91.00
Fair Value
4.4% undervalued intrinsic discount
11
Number of Analysts

Below Fair Value: LM0F (€86.96) is trading below our estimate of fair value (€91)

Significantly Below Fair Value: LM0F is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for LM0F?

Key metric: As LM0F is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for LM0F. This is calculated by dividing LM0F's market cap by their current earnings.
What is LM0F's PE Ratio?
PE Ratio82x
EarningsUS$278.00m
Market CapUS$22.41b

Price to Earnings Ratio vs Peers

How does LM0F's PE Ratio compare to its peers?

The above table shows the PE ratio for LM0F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average22.7x
EVD CTS Eventim KGaA
34.5x11.9%€8.7b
EDL Edel SE KGaA
7.5x-0.4%€92.3m
G24 Scout24
37.8x15.1%€6.7b
RRTL RTL Group
10.8x-2.2%€4.3b
LM0F Formula One Group
82x14.7%€22.4b

Price-To-Earnings vs Peers: LM0F is expensive based on its Price-To-Earnings Ratio (82x) compared to the peer average (22.7x).

Price to Earnings Ratio vs Industry

How does LM0F's PE Ratio compare vs other companies in the European Entertainment Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
LM0F 82.0xIndustry Avg. 14.1xNo. of Companies10PE01224364860+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: LM0F is expensive based on its Price-To-Earnings Ratio (82x) compared to the European Entertainment industry average (14.2x).

Price to Earnings Ratio vs Fair Ratio

What is LM0F's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

LM0F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio82x
Fair PE Ratio28.6x

Price-To-Earnings vs Fair Ratio: LM0F is expensive based on its Price-To-Earnings Ratio (82x) compared to the estimated Fair Price-To-Earnings Ratio (28.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst LM0F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€86.96
€100.51
+15.6%
13.4%€119.99€81.59n/a11
Jan ’26€89.16
€96.03
+7.7%
13.0%€120.61€82.02n/a11
Dec ’25€84.20
€90.86
+7.9%
12.0%€118.44€80.54n/a12
Nov ’25€74.04
€85.12
+15.0%
9.4%€106.62€74.17n/a11
Oct ’25€69.62
€81.61
+17.2%
10.1%€102.90€71.58n/a10
Sep ’25€70.24
€82.10
+16.9%
10.3%€102.75€71.48n/a9
Aug ’25€73.94
€84.03
+13.6%
10.1%€105.85€76.39n/a10
Jul ’25€66.44
€83.40
+25.5%
10.2%€105.51€76.15n/a10
Jun ’25€68.58
€83.32
+21.5%
10.4%€106.00€76.50n/a10
May ’25€64.60
€84.74
+31.2%
10.8%€108.27€75.32n/a10
Apr ’25€61.50
€80.70
+31.2%
6.8%€93.10€73.55n/a11
Mar ’25€67.00
€77.32
+15.4%
8.7%€92.28€65.52n/a12
Feb ’25€62.00
€73.16
+18.0%
11.4%€85.00€54.84n/a13
Jan ’25€56.50
€72.89
+29.0%
10.8%€84.27€54.96€89.1613
Dec ’24€57.50
€75.03
+30.5%
10.1%€85.91€56.03€84.2013
Nov ’24€61.00
€75.64
+24.0%
13.2%€86.87€46.27€74.0413
Oct ’24€58.50
€76.10
+30.1%
13.5%€87.05€46.36€69.6213
Sep ’24€62.40
€73.74
+18.2%
14.7%€84.60€45.06€70.2411
Aug ’24n/a
€73.56
0%
14.3%€83.58€45.01€73.9411
Jul ’24n/a
€74.09
0%
14.3%€84.95€45.74€66.4411
Jun ’24n/a
€72.77
0%
14.5%€84.58€45.54€68.5810
May ’24n/a
€68.88
0%
14.0%€77.38€44.60€64.609
Apr ’24n/a
€67.31
0%
15.4%€75.48€45.10€61.508
Mar ’24n/a
€66.36
0%
14.6%€76.91€45.96€67.008
Feb ’24n/a
€64.15
0%
12.2%€71.27€46.56€62.008
Jan ’24n/a
€63.29
0%
12.4%€71.25€46.55€56.508
Analyst Price Target
Consensus Narrative from 11 Analysts
€99.35
Fair Value
12.5% undervalued intrinsic discount
11
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/23 03:40
End of Day Share Price 2025/01/23 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Formula One Group is covered by 26 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Alex PoundArete Research Services LLP
David JoyceBarclays
Matthew HarriganBenchmark Company