Formula One Group

NasdaqGS:FWON.K Stock Report

Market Cap: US$19.1b

Formula One Group Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Discounted Cash Flow
Simply Wall St
US$94.14
Fair Value
18.0% undervalued intrinsic discount
12
Number of Analysts

Below Fair Value: FWON.K ($77.19) is trading below our estimate of fair value ($94.14)

Significantly Below Fair Value: FWON.K 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 FWON.K?

Key metric: As FWON.K is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for FWON.K. This is calculated by dividing FWON.K's market cap by their current revenue.
What is FWON.K's PS Ratio?
PS Ratio5.3x
SalesUS$3.65b
Market CapUS$19.06b

Price to Sales Ratio vs Peers

How does FWON.K's PS Ratio compare to its peers?

The above table shows the PS ratio for FWON.K vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3x
WBD Warner Bros. Discovery
0.5x0.6%US$19.6b
TME Tencent Music Entertainment Group
5x8.9%US$19.4b
WMG Warner Music Group
2.4x5.3%US$15.1b
TKO TKO Group Holdings
4.2x22.5%US$24.7b
FWON.K Formula One Group
5.3x7.5%US$19.1b

Price-To-Sales vs Peers: FWON.K is expensive based on its Price-To-Sales Ratio (5.3x) compared to the peer average (3x).

Price to Sales Ratio vs Industry

How does FWON.K's PS Ratio compare vs other companies in the US Entertainment Industry?

25 CompaniesPrice / SalesEstimated GrowthMarket Cap
IQ iQIYI
0.4x1.9%US$1.58b
AMC AMC Entertainment Holdings
0.3x6.7%US$1.27b
DOYU DouYu International Holdings
0.3x-3.2%US$191.40m
RDBX Redbox Entertainment
0.08x34.4%US$76.65m
FWON.K 5.3xIndustry Avg. 1.1xNo. of Companies25PS01.63.24.86.48+
25 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: FWON.K is expensive based on its Price-To-Sales Ratio (5.3x) compared to the US Entertainment industry average (1.1x).

Price to Sales Ratio vs Fair Ratio

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

FWON.K PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio5.3x
Fair PS Ratio1.9x

Price-To-Sales vs Fair Ratio: FWON.K is expensive based on its Price-To-Sales Ratio (5.3x) compared to the estimated Fair Price-To-Sales Ratio (1.9x).

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 FWON.K forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$77.19
US$105.98
+37.3%
13.2%US$125.00US$80.00n/a12
Apr ’26US$88.89
US$105.31
+18.5%
14.0%US$125.00US$80.00n/a12
Mar ’26US$96.43
US$100.67
+4.4%
18.6%US$125.00US$60.00n/a13
Feb ’26US$95.70
US$100.98
+5.5%
18.1%US$125.00US$60.00n/a12
Jan ’26US$92.66
US$96.23
+3.9%
17.2%US$125.00US$60.00n/a12
Dec ’25US$88.36
US$93.13
+5.4%
15.7%US$125.00US$60.00n/a13
Nov ’25US$80.65
US$89.17
+10.6%
13.6%US$115.00US$60.00n/a12
Oct ’25US$76.13
US$88.36
+16.1%
14.2%US$115.00US$60.00n/a11
Sep ’25US$78.05
US$88.70
+13.6%
14.8%US$115.00US$60.00n/a10
Aug ’25US$78.32
US$88.45
+12.9%
14.3%US$115.00US$60.00n/a11
Jul ’25US$70.45
US$88.09
+25.0%
14.2%US$115.00US$60.00n/a11
Jun ’25US$74.14
US$87.64
+18.2%
14.3%US$115.00US$60.00n/a11
May ’25US$70.33
US$87.27
+24.1%
14.5%US$115.00US$60.00n/a11
Apr ’25US$65.54
US$84.46
+28.9%
11.0%US$100.00US$60.00US$88.8912
Mar ’25US$73.30
US$81.96
+11.8%
11.5%US$100.00US$60.00US$96.4313
Feb ’25US$67.60
US$80.04
+18.4%
11.4%US$93.00US$60.00US$95.7013
Jan ’25US$63.13
US$79.58
+26.1%
10.8%US$92.00US$60.00US$92.6613
Dec ’24US$63.64
US$80.35
+26.3%
10.1%US$92.00US$60.00US$88.3613
Nov ’24US$64.91
US$80.12
+23.4%
13.2%US$92.00US$49.00US$80.6513
Oct ’24US$62.30
US$80.42
+29.1%
13.5%US$92.00US$49.00US$76.1313
Sep ’24US$69.03
US$80.18
+16.2%
14.7%US$92.00US$49.00US$78.0511
Aug ’24US$73.31
US$80.09
+9.2%
14.3%US$91.00US$49.00US$78.3211
Jul ’24US$75.28
US$79.36
+5.4%
14.3%US$91.00US$49.00US$70.4511
Jun ’24US$71.13
US$78.30
+10.1%
14.5%US$91.00US$49.00US$74.1410
May ’24US$72.14
US$75.67
+4.9%
14.0%US$85.00US$49.00US$70.339
Apr ’24US$74.83
US$73.13
-2.3%
15.4%US$82.00US$49.00US$65.548
AnalystConsensusTarget
Consensus Narrative from 12 Analysts
US$105.98
Fair Value
27.2% undervalued intrinsic discount
12
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/04/13 15:20
End of Day Share Price 2025/04/11 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

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.

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 Github.

Analyst Sources

Formula One Group is covered by 27 analysts. 15 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