Skip to Content
Morningstar
Get 14 Days Free

Liberty Formula One Group C FWONK

Morningstar Rating
Rating as of

Morningstar’s Analysis

Valuation
Currency in USD
Is it the right time to buy or sell?
Find out with Morningstar Premium
Is it the right time to buy or sell?
Find out with Morningstar Premium

1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Formula One Posts Strong Q2; 2021 Schedule Could Be Affected by Delta Variant

Neil Macker, CFA Senior Equity Analyst

Analyst Note

| Neil Macker, CFA |

Formula One reported another strong quarter, as second-quarter revenue and EBITDA beat versus FactSet consensus. F1 ran seven races during the quarter compared with none a year ago, as the front half of 2020 was wiped out because of the coronavirus pandemic. The ongoing lockdown restrictions have already forced one race to be moved from Montreal to Istanbul, and the Singapore Grand Prix was canceled. Given varying levels of vaccination rates and recent outbreaks of the delta variant, we think more races could be moved or canceled during the 2021 season. We are maintaining our narrow moat rating and $37 fair value estimate.

Read Full Analysis

Company Profile

Business Description

Liberty Formula One Group controls the exclusive commercial and promotional rights to the FIA Formula One World Championship series, and the monetization of those rights is the primary business of the group. The firm is responsible for development and promotion of the Formula One race series in concert with its three partners: the FIA (the regulatory body), the teams that participate in the series, and the series' commercial partners, which include the race promoters, broadcasters, sponsors, and advertisers. Formula One Group is a subsidiary of Liberty Media Corporation, which purchased the firm in January 2017. Formula One stock is a tracking stock for the assets under Formula One Group with Liberty Media.

Contact
12300 Liberty Boulevard
Englewood, CO, 80112
T +1 720 875-5400
Sector Communication Services
Industry Broadcasting
Most Recent Earnings Jun 30, 2021
Fiscal Year End Dec 31, 2021
Stock Type Slow Growth
Employees 3,690

Related

Market Update
New 5-Star Stocks
These names are all significantly undervalued by our standards after the market rout.
Susan Dziubinski
US Videos
Weitz: Raw Material for Correction Has Been There All Along
Fed-induced complacency and inflated asset prices laid the groundwork for this week’s sell-off, says Wally Weitz.
Jeremy Glaser
Commentary
Berkshire Likes Express Scripts--and So Do We
The wide-moat pharmacy benefit manager--which is currently rated 4 stars by Morningstar--was Berkshire's only new money purchase during the third quarter.
Greggory Warren

Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.

We’d like to share more about how we work and what drives our day-to-day business.

We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.

How we use your information depends on the product and service that you use and your relationship with us. We may use it to:

  • Verify your identity, personalize the content you receive, or create and administer your account.
  • Provide specific products and services to you, such as portfolio management or data aggregation.
  • Develop and improve features of our offerings.
  • Gear advertisements and other marketing efforts towards your interests.

To learn more about how we handle and protect your data, visit our privacy center.

Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.

To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.

Read our editorial policy to learn more about our process.