Company Valuation: Formula One Group

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 14,502 13,796 14,667 22,812 24,385 21,836 - -
Change - -4.87% 6.31% 55.53% 6.9% -10.45% - -
Enterprise Value (EV) 1 16,059 15,010 16,165 23,173 28,430 25,028 24,440 22,890
Change - -6.53% 7.7% 43.35% 22.69% -11.97% -2.35% -6.35%
P/E ratio -77.1x 27.8x 102x -713x 45.4x 57.6x 41.9x 33.8x
PBR 2.32x 2.02x 2.31x 3.13x 3.18x 2.57x 2.45x 2.31x
PEG - -0x -1.4x 6x -0x -1.9x 1.1x 1.4x
Capitalization / Revenue 6.79x 5.36x 4.55x 6.24x 5.44x 4.65x 4.18x 3.91x
EV / Revenue 7.52x 5.83x 5.02x 6.34x 6.34x 5.33x 4.68x 4.1x
EV / EBITDA 34.5x 27.2x 23.6x 29.9x 26.6x 19.9x 17.4x 14.9x
EV / EBIT 401x 86.8x 54.4x 80.7x 49.3x 32.5x 25.9x 20.9x
EV / FCF 34.6x 61.8x 83.8x 47.1x 36x 26.4x 22.8x 19.4x
FCF Yield 2.89% 1.62% 1.19% 2.12% 2.78% 3.78% 4.39% 5.15%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -0.82 2.15 0.62 -0.13 2.17 1.526 2.096 2.6
Distribution rate - - - - - - - -
Net sales 1 2,136 2,573 3,222 3,653 4,482 4,692 5,224 5,578
EBITDA 1 466 551 686 774 1,068 1,257 1,404 1,531
EBIT 1 40 173 297 287 577 770 944.2 1,097
Net income 1 -190 558 185 -30 555 427.5 551.1 704.6
Net Debt 1 1,557 1,214 1,498 361 4,045 3,192 2,605 1,054
Reference price 2 63.24 59.78 63.13 92.66 98.51 87.87 87.87 87.87
Nbr of stocks (in thousands) 231,103 233,822 234,567 248,704 250,007 250,475 - -
Announcement Date 2/25/22 3/1/23 2/28/24 2/27/25 2/26/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
57.59x5.33x19.91x-.--% 21.84B
17.73x2.19x10.23x1.44% 185B
18.28x1.93x19x1.25% 5.73B
52.58x - - 1.7% 4.92B
11.73x0.97x6.06x6.11% 4.14B
26.39x1.72x62.32x3.18% 3.59B
12.67x0.59x4.77x1.42% 3.14B
8.56x0.76x3.38x5.67% 2.79B
13.11x0.47x1.81x9.53% 1.69B
Average 24.29x 1.75x 15.93x 3.37% 25.84B
Weighted average by Cap. 22.04x 2.41x 11.90x 1.53%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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