CluenexLiberty Formula 1 (Series A) FWONA
Liberty Formula 1 (Series A) scores average on business quality (5.3 of 10). Here is why, in plain words, and what our sealed record shows.
Why it matters
- What Liberty Formula 1 (Series A) does
Formula One Group promotes, manages, and commercializes the FIA Formula One World Championship, generating revenue primarily from race promotion fees, broadcasting rights, and corporate sponsorships paid by global partners. The company is leaning into expanded event programming like the upcoming Las Vegas business summit to deepen commercial ties.
- What it does best
Formula One commands global motorsports entertainment through exclusive FIA sanctioning rights that block direct competition. Its revenue growth ranks in the top quartile of its sector at 86th percentile, vastly outpacing peers like DIS at 3.4% and WBD at -5.2%.
- The main risk
Net debt has climbed sharply to $4.0B up from $368M in 2024, raising interest coverage to a thin 1.8x which leaves earnings acutely vulnerable to any macro shock or broadcast revenue stagnation.
Quality, check by check
Scored against its own industry, from company filings.
Operating margin sits at 11.9% and net margin at 4.9%, yielding a low 2.7% ROE. Profitability remains modest despite scaling revenue as heavy debt servicing costs weigh down net income.
Exclusive long-term promoter agreements and FIA sanctioning create a high barrier, though a gross margin of 35.5% ranks in the bottom quartile of its sector at 14th percentile.
Revenue growth surges at 22.7%, significantly accelerating compared to prior historical periods driven by expanding commercial and broadcast contracts.
Total debt sits at $5.1B against $1.1B in cash, while free cash flow registers at $786M. Balance-sheet leverage is getting softer as debt loads mount.
Insiders
Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.
No open market buys or unplanned sales by executives or directors.
Our sealed record on FWONA
Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.
The first sealed verdicts appear here on Oct 11, 2026.
Questions
Liberty Formula 1 (Series A) scores average on the Cluenex quality check (5.3 of 10), measured against its own industry. Profitability is weak, moat weak, growth fast and financial health weak.
In the last 90 days of SEC Form 4 filings: No open market buys or unplanned sales by executives or directors.
Nov 3, 2026.
See FWONA today
- Today's verdict on FWONA, and why
- Fair value with cautious, base and optimistic cases
- The exact price that would change the verdict
- Which stocks each signal names, the night it fires
Cite this page: Cluenex, “Liberty Formula 1 (Series A) (FWONA)”, https://cluenex.com/stocks/fwona/, data as of Oct 10, 2026.