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Formula One Group

Nasdaq:FWON.A
Snowflake Description

Reasonable growth potential and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FWON.A
Nasdaq
$9B
Market Cap
  1. Home
  2. US
  3. Media
Company description

Formula One Group operates in the motorsports business. The last earnings update was 15 days ago. More info.


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FWON.A Share Price and Events
7 Day Returns
-1.1%
NasdaqGS:FWON.A
-0.6%
US Entertainment
0.2%
US Market
1 Year Returns
23.9%
NasdaqGS:FWON.A
9.5%
US Entertainment
2.9%
US Market
FWON.A Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Formula One Group (FWON.A) -1.1% 1.1% 16.3% 23.9% 86.1% -
US Entertainment -0.6% -2.2% 5.6% 9.5% 64.2% 91.1%
US Market 0.2% -1.6% 2.4% 2.9% 36.1% 41%
1 Year Return vs Industry and Market
  • FWON.A outperformed the Entertainment industry which returned 9.5% over the past year.
  • FWON.A outperformed the Market in United States of America which returned 2.9% over the past year.
Price Volatility
FWON.A
Industry
5yr Volatility vs Market

FWON.A Value

 Is Formula One Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Formula One Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Formula One Group.

NasdaqGS:FWON.A Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 10 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.3%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:FWON.A
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Entertainment Unlevered Beta Simply Wall St/ S&P Global 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.949 (1 + (1- 21%) (59.79%))
1.266
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.27
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.266 * 5.96%)
10.28%

Discounted Cash Flow Calculation for NasdaqGS:FWON.A using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Formula One Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGS:FWON.A DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.28%)
2019 337.60 Analyst x5 306.14
2020 388.20 Analyst x5 319.23
2021 422.00 Analyst x3 314.68
2022 478.67 Analyst x3 323.68
2023 512.00 Analyst x2 313.96
2024 540.33 Est @ 5.53% 300.46
2025 565.68 Est @ 4.69% 285.24
2026 588.89 Est @ 4.1% 269.28
2027 610.63 Est @ 3.69% 253.20
2028 631.41 Est @ 3.4% 237.42
Present value of next 10 years cash flows $2,923.29
NasdaqGS:FWON.A DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $631.41 × (1 + 2.73%) ÷ (10.28% – 2.73%)
$8,596.42
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $8,596.42 ÷ (1 + 10.28%)10
$3,232.41
NasdaqGS:FWON.A Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $2,923.29 + $3,232.41
$6,155.70
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $6,155.70 / 231.11
$26.63
NasdaqGS:FWON.A Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NasdaqGS:FWON.A represents 0.97696x of NasdaqGS:FWON.K
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.97696x
Value per Share
(Listing Adjusted, USD)
= Value per Share (USD) x Listing Adjustment Factor
= $ 26.63 x 0.97696
$26.02
Value per share (USD) From above. $26.02
Current discount Discount to share price of $36.90
= -1 x ($36.90 - $26.02) / $26.02
-41.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Formula One Group is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Formula One Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Formula One Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:FWON.A PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $-1.22
NasdaqGS:FWON.K Share Price ** NasdaqGS (2019-05-23) in USD $37.77
United States of America Entertainment Industry PE Ratio Median Figure of 20 Publicly-Listed Entertainment Companies 26.71x
United States of America Market PE Ratio Median Figure of 3,085 Publicly-Listed Companies 17.79x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Formula One Group.

NasdaqGS:FWON.A PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:FWON.K Share Price ÷ EPS (both in USD)

= 37.77 ÷ -1.22

-31.06x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Formula One Group is loss making, we can't compare its value to the US Entertainment industry average.
  • Formula One Group is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Formula One Group's expected growth come at a high price?
Raw Data
NasdaqGS:FWON.A PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -31.06x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
64.3%per year
United States of America Entertainment Industry PEG Ratio Median Figure of 17 Publicly-Listed Entertainment Companies 2.54x
United States of America Market PEG Ratio Median Figure of 2,123 Publicly-Listed Companies 1.54x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Formula One Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Formula One Group's assets?
Raw Data
NasdaqGS:FWON.A PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $23.33
NasdaqGS:FWON.K Share Price * NasdaqGS (2019-05-23) in USD $37.77
United States of America Entertainment Industry PB Ratio Median Figure of 56 Publicly-Listed Entertainment Companies 2.92x
United States of America Market PB Ratio Median Figure of 5,201 Publicly-Listed Companies 1.84x
NasdaqGS:FWON.A PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:FWON.K Share Price ÷ Book Value per Share (both in USD)

= 37.77 ÷ 23.33

1.62x

* Primary Listing of Formula One Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Formula One Group is good value based on assets compared to the US Entertainment industry average.
X
Value checks
We assess Formula One Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Entertainment industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Entertainment industry average (and greater than 0)? (1 check)
  5. Formula One Group has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

FWON.A Future Performance

 How is Formula One Group expected to perform in the next 1 to 3 years based on estimates from 10 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
64.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Formula One Group expected to grow at an attractive rate?
  • Formula One Group's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Formula One Group's earnings growth is expected to exceed the United States of America market average.
  • Formula One Group's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:FWON.A Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:FWON.A Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 64.3%
NasdaqGS:FWON.A Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 7.3%
United States of America Entertainment Industry Earnings Growth Rate Market Cap Weighted Average 15.1%
United States of America Entertainment Industry Revenue Growth Rate Market Cap Weighted Average 11.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.7%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:FWON.A Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:FWON.A Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 2,663 476 208 2
2022-12-31 2,561 396 80 3
2021-12-31 2,343 459 -40 6
2020-12-31 2,124 371 -105 8
2019-12-31 2,019 341 -214 10
NasdaqGS:FWON.A Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 1,959 313 -281
2018-12-31 1,827 268 -150
2018-09-30 1,916 162 449
2018-06-30 1,770 205 370
2018-03-31 1,801 17 334
2017-12-31 1,783 -75 255
2017-09-30 1,213 -13 -120
2017-06-30 712 -113 -42
2017-03-31 96 -36 -58
2016-12-31 378 329
2016-09-30 410 274
2016-06-30 447 112

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Formula One Group's earnings are expected to grow significantly at over 20% yearly.
  • Formula One Group's revenue is expected to grow by 7.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:FWON.A Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below

All data from Formula One Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:FWON.A Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 0.92 0.92 0.92 1.00
2022-12-31 0.35 0.35 0.35 1.00
2021-12-31 -0.03 -0.03 -0.03 1.00
2020-12-31 -0.44 -0.34 -0.53 3.00
2019-12-31 -0.92 -0.85 -1.05 3.00
NasdaqGS:FWON.A Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 -1.22
2018-12-31 -0.65
2018-09-30 1.94
2018-06-30 1.60
2018-03-31 1.45
2017-12-31 1.10
2017-09-30 -0.52
2017-06-30 -0.20
2017-03-31 -0.29
2016-12-31 3.93
2016-09-30
2016-06-30

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Formula One Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Formula One Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Formula One Group has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

FWON.A Past Performance

  How has Formula One Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Formula One Group's growth in the last year to its industry (Entertainment).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Formula One Group does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Formula One Group's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Formula One Group's 1-year growth to the US Entertainment industry average as it is not currently profitable.
Earnings and Revenue History
Formula One Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Formula One Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:FWON.A Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1,959.00 -281.00 210.00
2018-12-31 1,827.00 -150.00 204.00
2018-09-30 1,916.00 449.00 190.00
2018-06-30 1,770.00 370.00 195.00
2018-03-31 1,801.00 334.00 203.00
2017-12-31 1,783.00 255.00 199.00
2017-09-30 1,213.00 -120.00 160.00
2017-06-30 712.00 -42.00 122.00
2017-03-31 96.00 -58.00 74.00
2016-12-31 329.00 58.00
2016-09-30 274.00 64.00
2016-06-30 112.00 69.00
2016-03-31 167.00 75.00
2015-12-31 -175.00 72.00
2014-12-31 59.00 -29.00 136.00
2013-12-31 117.00 584.00 124.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Formula One Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Formula One Group has efficiently used its assets last year compared to the US Entertainment industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Formula One Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Formula One Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Entertainment industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Formula One Group has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

FWON.A Health

 How is Formula One Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Formula One Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Formula One Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Formula One Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Formula One Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Formula One Group Company Filings, last reported 1 month ago.

NasdaqGS:FWON.A Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 5,395.00 5,204.00 372.00
2018-12-31 5,553.00 5,039.00 160.00
2018-09-30 5,686.00 5,265.00 151.00
2018-06-30 5,650.00 5,353.00 198.00
2018-03-31 5,658.00 5,558.00 270.00
2017-12-31 5,671.00 5,796.00 282.00
2017-09-30 5,209.00 5,934.00 420.00
2017-06-30 4,912.00 6,305.00 443.00
2017-03-31 4,504.00 6,697.00 626.00
2016-12-31 1,286.00 1,583.00 168.00
2016-09-30 1,254.00 1,546.00 220.00
2016-06-30 1,220.00 1,031.00 554.00
2016-03-31 1,348.00 1,035.00 517.00
2015-12-31 983.00 1,033.00 76.00
2014-12-31
2013-12-31
  • Formula One Group's level of debt (96.5%) compared to net worth is high (greater than 40%).
  • Unable to establish if Formula One Group's debt level has increased without past 5-year debt data.
  • Debt is not well covered by operating cash flow (6%, less than 20% of total debt).
  • Unable to confirm if the interest payments on Formula One Group's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Formula One Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Formula One Group has a total score of 0/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

FWON.A Dividends

 What is Formula One Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Formula One Group dividends. Estimated to be 0% next year.
If you bought $2,000 of Formula One Group shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Formula One Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Formula One Group's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:FWON.A Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
United States of America Entertainment Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 1.3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2005 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:FWON.A Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.00 2.00
2020-12-31 0.00 2.00
2019-12-31 0.00 3.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Formula One Group has not reported any payouts.
  • Unable to verify if Formula One Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Formula One Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Formula One Group has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Formula One Group's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Formula One Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Formula One Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Formula One Group has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

FWON.A Management

 What is the CEO of Formula One Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Chase Carey
AGE 65
CEO Bio

Mr. Charles Carey, also known as Chase, has been Chief Executive at Formula One World Championship Limited since January 2017. Mr. Carey has been the Chief Executive Officer at Delta Topco Limited since January 23, 2017. He serves as Chief Executive Officer at Formula One Group. He has served as Chairman of Formula One since 2016. Mr. Carey was a Consultant at Twenty-First Century Fox, Inc. since July 2016 to June 2018 and previously from 2002 to 2003. He serves as a Director of Fox Corporation since March 2019. He has been the President and Chief Operating Officer at The Media & Entertainment Arm since July 2012. He served as the President and Chief Operating Officer at Twenty-First Century Fox, Inc. since July 1, 2009 until July 2015. Mr. Carey oversaw Twenty-First Century's global portfolio of assets which reaches nearly 1.8 billion customers every day through cable, broadcast, film and pay TV, spanning 50 countries and six continents. He served as the President and Chief Executive Officer of DirecTv, LLC (DirecTV, Inc.) from December 22, 2003 to June 30, 2009. Mr. Carey served as Co-Chief Operating Officer of Twenty-First Century Fox from 1996 to 2002. He joined Fox, Inc. in 1990 and served as its Executive Vice President since 1990. He served as Chief Financial Officer and Chief Operating Officer of Fox, Inc. since February 1992. He served as President and Chief Executive Officer of Sky Global Networks, Inc. from June 2000 to January 2002. Mr. Carey served as Chief Executive Officer of Fox Television Group from 1994 to 2000 and also was its Chairman. He served as Chief Executive Officer and President of DIRECTV Holdings LLC and DirecTV Financing Co. Inc. He served as President and Chief Operating Officer of News America Incorporated from 1998 to 2002 and Executive Vice President from 1996 to 1998. Mr. Carey served as the President of Fox Entertainment Group, Inc. from 1995 to 1998 and served as its Executive Vice President and Chief Operating Officer from 1991 to 1995 and Senior Vice President from 1988 to 1991. He served as Consultant at News Corporation. He served as Co-Chief Operating Officer of Fox Entertainment Group. He served as Chief Operating Officer and President of News Corporation at Fox Filmed Entertainment, Inc., Dow Jones & Company, Inc. and News Corp UK & Ireland Limited. He has extensive knowledge and experience of the international media and pay TV sectors. He played a central role in managing the operations and strategy of Twenty-First Century Fox with particular focus on its worldwide television business that encompasses the Fox network, Fox Television Stations, Fox Cable Programming Group and Twenty-First Century's international satellite operations. Mr. Carey served in various other Executive capacities at Fox from 1988 to 2002 and its affiliates for 29 years. Mr. Carey served at Columbia Pictures in several executive positions, including President of Pay/Cable and Home Entertainment and Executive Vice President of Columbia Pictures International. He served at NDS Limited. He serves as the Chairman of Formula One World Championship Limited. He serves as Chairman of the Board of Formula One World Championship Limited. He serves as Chairman of Delta Topco Limited. He serves as Chairman of the Board of DirecTV Holdings LLC and DirecTV Financing Co. Inc. He served as Chairman and Director of Intelsat Holding Corporation since February 11, 2004. He served as Chairman of PanAmSat Corporation since December 22, 2003. He served as Chairman of the Supervisory Board at Sky Deutschland AG from July 2010 to September 26, 2013. He served as the Chairman of PanAmSat Corporation since December 22, 2003. He served as Vice Chairman of Twenty-First Century Fox, Inc. since July 1, 2016 until March 20, 2019 and served as its Director since 2009 until March 20, 2019. He is a key advisor to Twenty-First Century and its management team. Mr. Carey served as an Executive Vice Chairman of Twenty-First Century Fox, Inc. since July 1, 2015 until July 2016 and served as its Vice Chairman/Deputy Chairman from July 1, 2009 to June 2015. He has been a Director of TV Guide, Inc. since March 1999. He was Director of Sky plc from January 30, 2013 to October 09, 2018. He serves as a Director of DirecTV Financing Co. Inc. He serves as a Director of HJ Holdings, Inc. (Hulu Japan LLC). He serves as a Director of Yell Finance B.V. He is also a Trustee Emeritus at Colgate University. He has been a Director of Saban Capital Acquisition Corp. since September 15, 2016. Mr. Carey served as a Member of the Supervisory Board at Sky Deutschland AG since April 2010 to 2014. He served as a Non-Executive Director at Sky plc (British Sky Broadcasting Group plc) from February 13, 2003 to February 10, 2009. He served as a Director of PanAmSat Corporation. He served as a Director of DIRECTV from December 22, 2003 to June 30, 2010. He served as Director of Gateway, Inc. since 1996 until May 2006. He served as a Non-Executive Director of Twenty-First Century Fox, Inc. from 1996 to December 2007. He served as a Director of Sky Global Networks, Inc. from June 2000 to January 2002. He served as a Director of Fox Entertainment Group, Inc. from 1992 to 2002. He served as a Director of News America Incorporated (News America) until January 2002. He served as a Director of NDS Group Holdings Limited from 1996 to 2002 and Rovi Guides, Inc. from 2000 to 2002. He served as Non-Executive Director at Hibu Plc (Yell Group PLC ) from July 1, 2003 to March 31, 2007. He served as a Director of STAR from 1993 to January, 2002. Mr. Carey is a graduate of Harvard Business School. He holds MBA at Harvard University. He holds BS in Math and economics at Colgate University.

CEO Compensation
  • Insufficient data for Chase to compare compensation growth.
  • Insufficient data for Chase to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team

Chase Carey

TITLE
Chief Executive Officer
AGE
65
Board of Directors
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
06. Dec 18 Buy Gregory Maffei Individual 03. Dec 18 04. Dec 18 10,000 $30.34 $301,229
X
Management checks
We assess Formula One Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Formula One Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

FWON.A News

Simply Wall St News

FWON.A Company Info

Description

Formula One Group operates in the motorsports business. It holds commercial rights for the world championship, a motor race-based competition in which teams compete for the constructors’ championship and drivers compete for the drivers’ championship. The company is based in Englewood, Colorado.

Details
Name: Formula One Group
FWON.A
Exchange: NasdaqGS
Founded:
$8,703,478,751
231,113,398
Website: http://www.libertymedia.com/companies/formula-one-group.html
Address: Formula One Group
12300 Liberty Boulevard,
Englewood,
Colorado, 80112,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS FWON.K Series C Common Stock Nasdaq Global Select US USD 18. Apr 2016
NasdaqGS FWON.A Series A Common Stock Nasdaq Global Select US USD 18. Apr 2016
OTCPK FWON.B Series B Common Stock Pink Sheets LLC US USD 22. Apr 2016
DB LM05 Series A Common Stock Deutsche Boerse AG DE EUR 18. Apr 2016
LSE 0JUJ Series A Common Stock London Stock Exchange GB USD 18. Apr 2016
Number of employees
Current staff
Staff numbers
0
Formula One Group employees.
Industry
Movies and Entertainment
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/24 00:44
End of day share price update: 2019/05/23 00:00
Last estimates confirmation: 2019/05/19
Last earnings filing: 2019/05/09
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.