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Liberty Formula 1 (Series C) FWONK

Liberty Formula 1 (Series C) scores average on business quality (5.3 of 10). Here is why, in plain words, and what our sealed record shows.

Last price$94.04Oct 9, 2026
Business qualityAverage
Next earningsNov 3, 2026
Insiders, 90 daysQuiet

Why it matters

  1. What Liberty Formula 1 (Series C) does

    Formula One Group promotes, commercially exploits, and operates the FIA Formula One World Championship, generating revenue primarily from race promotion fees, media rights, and corporate sponsorships. Growth is anchored by expanding global event calendars and media partnerships to capture broader fanbases.

  2. What it does best

    Formula One dominates live global motorsport entertainment, securing long-term race promotion fees across international venues. Its gross margin of 35.5% reflects elite pricing power over host cities competing for limited calendar slots.

  3. The main risk

    Heavy debt accumulation threatens flexibility, with total debt reaching $5.1 billion and interest coverage slipping to 1.8x, leaving earnings vulnerable to any economic downturn affecting sponsorship and race hosting budgets.

Quality, check by check

Scored against its own industry, from company filings.

ProfitabilityWeak

Operating margin sits at 11.9% and FCF margin is supported by steady cash generation. With an ROE of just 2.7%, profitability remains modest relative to its heavy debt structure and high valuation.

MoatWeak

Exclusive long-term promotion contracts and FIA sanctioning create a regulatory and logistical moat that locks out rival racing series. Its sector percentile for operating margin sits in the middle of the pack at 36.

GrowthFast

Revenue growth surges at 22.7% over the latest period, outpacing historical figures as expanding event calendars and media rights renewals drive top-line momentum.

Financial healthWeak

Net debt stands at $4.0 billion alongside $5.1 billion in total debt, while interest coverage sits thin at 1.8x. Free cash flow of $786 million covers operational needs, but the heavy debt load keeps the balance sheet soft.

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 FWONK

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

Is FWONK a good business?

Liberty Formula 1 (Series C) 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.

Are insiders buying FWONK?

In the last 90 days of SEC Form 4 filings: No open market buys or unplanned sales by executives or directors.

When does FWONK report earnings?

Nov 3, 2026.

For members

See FWONK today

  • Today's verdict on FWONK, 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
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Cite this page: Cluenex, “Liberty Formula 1 (Series C) (FWONK)”, https://cluenex.com/stocks/fwonk/, data as of Oct 10, 2026.