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General information

Country: UNITED STATES

Sector: Broadcasting

Liberty Media Corp-Liberty Formula One operates as a media company. The Company focuses on digital media, communication, and entertainment businesses. Liberty Media Corp-Liberty Formula One conducts business in the United States.
Website: libertymedia.com



Growth: Good revenue growth rate >200%, there is acceleration compared to average historical growth rates 57.3%. The revenue growth dynamics is unstable

Profitability: LTM EBITDA margin is positive, +29.0%. On average the margin is improving steadily. Gross margin is high, +66.9%. In the last quarter the company did not beat the estimated EPS. The company was ahead of estimated EPS in 80% of quarters (showing a gain of +$0.30 per share on average)

Cash Flow Generation: Dividend yield for the last twelve months 0.0%. Free cash flow yield -83.8% (LTM)

Undervaluation: Fundamental value created in LTM (estimate)


Entry Point: Share price is 55.6% higher than minimum and 15.9% lower than maximum for the last 3 years

AI Insight: the companies with similar growth trajectories, EBITDA margin, industries and geography on average are valued 13.2x by EV / Sales multiple , the company can be >100% undervalued

Key Financials (Download financials)

Ticker: FWONK  postmarket  66.50  (-1.2%)
Share price, USD:  (-0.6%)67.28
year average price 68.56  


year start price 73.46 2023-04-20

max close price 79.96 2023-06-15

min close price 61.45 2023-09-27

current price 67.28 2024-04-18
Common stocks: 230 088 990

Dividend Yield:  0.0%
FCF Yield LTM: -83.8%
EV / LTM EBITDA: 14.5x
EV / EBITDA annualized: 6.2x
Last revenue growth (y/y):  > 200.0%
Last growth of EBITDA (y/y):  > 200.0%
Historical revenue growth:  57.3%
Historical growth of EBITDA:  57.3%
EV / Sales: 4.2x
Margin (EBITDA LTM / Revenue): 29.0%
Fundamental value created in LTM:
Market Cap ($m): 15 480
Net Debt ($m): 15 237
EV (Enterprise Value): 30 717
Price to Book: 2.4x

Revenue and EBITDA

Quarterly values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / Sales

Potential dynamics

News


2023-10-02CNBC Television

Three-Stock Lunch: K, FWONK & ZS

2023-08-04Zacks Investment Research

Liberty Media (FWONK) Tops Q2 Earnings Estimates

2023-08-03Zacks Investment Research

Should You Buy Liberty Media (FWONK) Ahead of Earnings?

2023-05-26Seeking Alpha

Formula One: Popularity Driving Growth

2023-05-05Seeking Alpha

Formula One Group (FWONA) Q1 2023 Earnings Call Transcript

2023-05-05Proactive Investors

Formula One owner Liberty Media reports mixed 1Q results

2023-04-26Zacks Investment Research

Why Liberty Media (FWONK) Could Beat Earnings Estimates Again

2023-04-26Zacks Investment Research

3 Media Stocks to Watch From a Prospering Industry
More information for subscribed users:
detailed calculation of
Fundamental value created in LTM

Financial reporting

Income Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol FWONK FWONK FWONK FWONK FWONK FWONK
reportedCurrency USD USD USD USD USD USD
cik 2M 2M 2M 2M 2M 2M
fillingDate 2024-02-28 2023-11-03 2023-08-04 2023-05-05 2023-03-01 2022-11-04
acceptedDate 2024-02-28 16:25:20 2023-11-03 12:52:15 2023-08-04 12:58:17 2023-05-05 12:25:52 2023-03-01 12:00:48 2022-11-04 12:45:59
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3
revenue 1 230M 887M 724M 381M 754M 715M
costOfRevenue 1 015M 615M 519M 206M 527M 494M
grossProfit 215M 272M 205M 175M 227M 221M
grossProfitRatio 0.175 0.307 0.283 0.459 0.301 0.309
researchAndDevelopmentExpenses 0 0 0 0 0 0
generalAndAdministrativeExpenses 0 0 0 0 0 0
sellingAndMarketingExpenses 0 0 0 0 0 0
sellingGeneralAndAdministrativeExpenses 93M 79M 69M 75M 96M 68M
otherExpenses 27M 14M 24M 84M 90M 89M
operatingExpenses 93M 165M 153M 159M 186M 157M
costAndExpenses 1 108M 780M 672M 365M 713M 651M
interestIncome 0 56M 54M 0 0 0
interestExpense 53M 56M 54M 51M 49M 41M
depreciationAndAmortization 115M 86M 84M 84M 90M 97M
ebitda 237M 209M 159M 108M 160M 161M
ebitdaratio 0.193 0.236 0.220 0.283 0.212 0.225
operatingIncome 122M 107M 52M 24M 70M 64M
operatingIncomeRatio 0.099 0.121 0.072 0.063 0.093 0.090
totalOtherIncomeExpensesNet -70M 98M 127M -139M -6M 38M
incomeBeforeTax 52M 149M 125M -115M 64M 102M
incomeBeforeTaxRatio 0.042 0.168 0.173 -0.302 0.085 0.143
incomeTaxExpense -8M 31M 10M -6M -311M -8M
netIncome 60M 118M 116M -109M 374M 108M
netIncomeRatio 0.049 0.133 0.160 -0.286 0.496 0.151
eps 0.260 0.500 0.500 -0.470 -5.150 0.460
epsdiluted 0.098 0.480 0.410 -0.460 -4.980 0.310
weightedAverageShsOut 235M 235M 244M 234M 232M 233M
weightedAverageShsOutDil 235M 244M 244M 237M 240M 246M
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Balance Sheet Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol FWONK FWONK FWONK FWONK FWONK FWONK
reportedCurrency USD USD USD USD USD USD
cik 2M 2M 2M 2M 2M 2M
fillingDate 2024-02-28 2023-11-03 2023-08-04 2023-05-05 2023-03-01 2022-11-04
acceptedDate 2024-02-28 16:25:20 2023-11-03 12:52:15 2023-08-04 12:58:17 2023-05-05 12:25:52 2023-03-01 12:00:48 2022-11-04 12:45:59
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3
cashAndCashEquivalents 1 408M 1 470M 1 489M 1 584M 1 733M 2 119M
shortTermInvestments 0 1 102M 0 728M 699M 0
cashAndShortTermInvestments 1 408M 1 470M 1 489M 1 584M 1 733M 2 119M
netReceivables 123M 149M 110M 91M 123M 103M
inventory 0 0 0 0 0 0
otherCurrentAssets 180M 348M 355M 278M 167M 196M
totalCurrentAssets 1 711M 1 967M 1 954M 1 953M 2 023M 2 418M
propertyPlantEquipmentNet 838M 751M 629M 504M 408M 364M
goodwill 3 956M 3 956M 3 956M 3 956M 3 956M 3 956M
intangibleAssets 2 858M 2 924M 3 004M 3 083M 3 163M 3 249M
goodwillAndIntangibleAssets 6 814M 6 880M 6 960M 7 039M 7 119M 7 205M
longTermInvestments 41M 43M 336M 265M 253M 216M
taxAssets 2 858M 2 040M 0 2 088M 0 0
otherNonCurrentAssets -1 995M -1 127M 1 254M -871M 1 213M 1 528M
totalNonCurrentAssets 8 556M 8 587M 9 179M 9 025M 8 993M 9 313M
otherAssets 0 0 0 0 0 0
totalAssets 10 267M 10 554M 11 133M 10 978M 11 016M 11 731M
accountPayables 535M 390M 315M 318M 396M 267M
shortTermDebt 36M 32M 27M 23M 61M 43M
taxPayables 0 0 0 0 0 0
deferredRevenue 247M 776M 724M 655M 347M 471M
otherCurrentLiabilities -31M -21M -28M 2M 29M 29M
totalCurrentLiabilities 787M 1 177M 1 038M 998M 833M 810M
longTermDebt 2 870M 2 865M 2 923M 2 935M 2 886M 3 410M
deferredRevenueNonCurrent 0 0 0 0 0 0
deferredTaxLiabilitiesNonCurrent 3M 0 0 0 2 101M 2 093M
otherNonCurrentLiabilities 188M 149M 217M 207M -1 739M 2 999M
totalNonCurrentLiabilities 3 061M 3 014M 3 140M 3 142M 3 248M 3 780M
otherLiabilities 0 0 0 0 0 0
capitalLeaseObligations 0 0 0 0 0 0
totalLiabilities 3 848M 4 191M 4 178M 4 140M 4 081M 4 590M
preferredStock 0 0 0 0 0 0
commonStock 0 6 363M 6 931M 0 0 0
retainedEarnings 0 0 0 0 545M 1 486M
accumulatedOtherComprehensiveIncomeLoss 0 0 0 0 0 0
othertotalStockholdersEquity 0 0 0 6 813M 6 365M 5 052M
totalStockholdersEquity 6 419M 6 363M 6 931M 6 813M 6 910M 6 538M
totalEquity 6 419M 6 363M 6 955M 6 838M 6 910M 6 538M
totalLiabilitiesAndStockholdersEquity 10 267M 10 554M 11 133M 10 978M 11 016M 11 731M
minorityInterest 0 0 24M 25M 25M 0
totalLiabilitiesAndTotalEquity 10 267M 10 554M 11 133M 10 978M 11 016M 11 731M
totalInvestments 41M 1 145M 336M 993M 952M 1 028M
totalDebt 2 906M 2 897M 2 950M 2 958M 2 947M 3 453M
netDebt 1 498M 1 427M 1 461M 1 374M 1 214M 1 334M
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Cash Flow Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol FWONK FWONK FWONK FWONK FWONK FWONK
reportedCurrency USD USD USD USD USD USD
cik 2M 2M 2M 2M 2M 2M
fillingDate 2024-02-28 2023-11-03 2023-08-04 2023-05-05 2023-03-01 2022-11-04
acceptedDate 2024-02-28 16:25:20 2023-11-03 12:52:15 2023-08-04 12:58:17 2023-05-05 12:25:52 2023-03-01 12:00:48 2022-11-04 12:45:59
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3
netIncome 60M 118M 115M -109M 375M 110M
depreciationAndAmortization 115M 86M 84M 84M 90M 89M
deferredIncomeTax -1 000 000 -33M -52M -31M -336M -27M
stockBasedCompensation 6M 4M 5M 5M 4M 5M
changeInWorkingCapital -146M 94M -37M 221M 19M 47M
accountsReceivables 0 0 0 0 0 0
inventory 0 0 0 0 0 0
accountsPayables 0 0 0 0 0 0
otherWorkingCapital -146M 94M -37M 0 0 0
otherNonCashItems 31M -23M -64M 87M -34M -42M
netCashProvidedByOperatingActivities 65M 246M 51M 257M 118M 182M
investmentsInPropertyPlantAndEquipment -118M -128M -118M -62M -28M -12M
acquisitionsNet -110M 42M -9M -96M -59M -32M
purchasesOfInvestments 0 0 -43M -169M -17M -32M
salesMaturitiesOfInvestments 110M 0 43M 0 167M 0
otherInvestingActivites -1 000 000 -1 000 000 -18M 168M 505M 31M
netCashUsedForInvestingActivites -119M -87M -145M -159M 568M -45M
debtRepayment -267M -76M -6M -255M -2 930M -455M
commonStockIssued 0 0 0 0 0 0
commonStockRepurchased 0 0 0 0 -579M 0
dividendsPaid 0 0 0 -17M -16M -16M
otherFinancingActivites 258M -100M 5M 23M 2 440M 514M
netCashUsedProvidedByFinancingActivities -9M -176M -1 000 000 -249M -1 085M 43M
effectOfForexChangesOnCash 1 000 000 -66M 0 2M 13M -5M
netChangeInCash -62M -19M -95M -149M -386M 175M
cashAtEndOfPeriod 1 408M 1 470M 1 489M 1 584M 1 733M 2 119M
cashAtBeginningOfPeriod 1 470M 1 489M 1 584M 1 733M 2 119M 1 944M
operatingCashFlow 65M 246M 51M 257M 118M 182M
capitalExpenditure -118M -128M -118M -62M -28M -12M
freeCashFlow -53M 118M -67M 195M 90M 170M
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Earning call transcript

2023 q1
2023-05-05 ET (fiscal 2023 q1)
2022 q4
2021-02-26 ET (fiscal 2022 q4)
2022 q3
2022-11-04 ET (fiscal 2022 q3)
2022 q2
2022-08-05 ET (fiscal 2022 q2)
2022 q1
2022-05-06 ET (fiscal 2022 q1)