FWON
Liberty Media Corporation Series A Liberty Formula One Common Stock
NASDAQ: FWONA · COMMUNICATION SERVICES · ENTERTAINMENT
$83.03
+2.25% today
Updated 2026-06-05
Market cap
$20.28B
P/E ratio
35.34
P/S ratio
5.09x
EPS (TTM)
$2.29
Dividend yield
—
52W range
$74 – $100
Volume
0.1M
Liberty Media Corporation Series A Liberty Formula One Common Stock (FWONA) Financial Forecast & Price Target 2030
Research-backed projections from analyst consensus, management guidance, and sector analysis.
Research-backed FWONA price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.
Current price
$83.03
Today
Analyst consensus
$103.40
+24.53% · 12M
2030 Base
$608.23
+632.54% future
NPV today
$422.94
@ 8% WACC
7 analysts:
4 Buy1 Hold0 Sell
Management guidance
Liberty Media has not issued explicit long-term revenue targets through 2030. However, Q1 2026 earnings showed Formula 1 revenue of $617M (up significantly YoY) and MotoGP contributed $94M in its first quarter post-acquisition. Management emphasized strong media rights growth (Apple TV deal showing 24% viewership increase), sponsorship momentum, and calendar optimization as drivers. Implied guidance is mid-to-high single-digit growth on a consolidated basis, with F1 as the primary growth engine.
Sources: Management guidance, analyst consensus, sector analysishigh confidence
FWONA · Liberty Media Corporation Series A Liberty Formula One Common Stock · Revenue & price projection · 2023–2030E
Actual / 2030 target Projected revenue Base case price Bull to bear range
Bear case (2030)
$292.61
NPV today: $203.47
Base case (2030)
$608.23
NPV today: $422.94
Bull case (2030)
$1,555.08
NPV today: $1,081.35
WallStSmart.com
FWONA financial forecast · Research-backed projections
| Metric | 2025 | 2026 (E) | 2027 (E) | 2028 (E) | 2029 (E) | 2030 (E) ★ |
|---|---|---|---|---|---|---|
| Revenue | $4.5B | $5.0B | $5.7B | $6.4B | $7.0B | $7.6B |
| Revenue growth | 22.7% | 12.4% | 13.2% | 11.5% | 9.9% | 8.5% |
| Net margin | — | 0.8% | 0.9% | 1.0% | 1.0% | 1.0% |
| EPS | $2.23 | $1.75 | $2.15 | $2.55 | $2.90 | $3.20 |
| Diluted shares | — | 24M | 24M | 24M | 24M | 24M |
| Net debt | — | $3.35B | $2.75B | $2.08B | $1.35B | $554.90M |
| P/S multiple | — | 2.0x | 2.0x | 2.0x | 2.0x | 2.0x |
| Implied price (base) | — | $281.26 | $361.57 | $443.76 | $526.02 | $608.23 |
★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.
Scenario detail · Three drivers, three outcomes
| 2030E driver | Bear | Base | Bull |
|---|---|---|---|
| Revenue | $7.6B | $7.6B | $7.6B |
| P/S multiple | 1.0x | 2.0x | 5.0x |
| Diluted shares | 24M | 24M | 24M |
| Net debt | $554.90M | $554.90M | $554.90M |
| Implied P/E † | 91x | 190x | 486x |
| 2030 Price | $292.61 | $608.23 | $1,555.08 |
| NPV @ 8% | $203.47 | $422.94 | $1,081.35 |
† Implied P/E: Multiples remain elevated across all three scenarios because FWONA is valued primarily on revenue scale during its growth phase, not near-term earnings power. Lower P/E in the bear case reflects multiple compression, but the absolute level stays high since 2030E still represents a hypergrowth-to-mature transition year.
EV to per-share bridge · How we get to $608.23 base case
FWONA catalysts and risks
Growth catalysts
+ Apple TV exclusive U.S. media rights deal driving younger/female viewership (24% increase reported in early 2026)
+ MotoGP acquisition integration and revenue contribution ramp (contributed $94M in Q1 2026, targeting profitability by 2027-2028)
+ Formula 1 calendar expansion (Las Vegas, Miami, additional races) and sponsorship growth (Marsh, Mattel, Salesforce partnerships announced)
+ Strategic race venue additions in high-revenue markets (particularly North America) supporting premium sponsorship pricing
+ Digital/streaming monetization expansion and fan engagement initiatives
Key risks
- F1 viewership concentration in mature markets; Apple TV deal excludes other major regions, limiting upside diversification
- MotoGP remains unprofitable; integration execution risk and competitive threat from other motorsports (IndyCar, NASCAR)
- Media rights renewal cycle risk in 2030s; F1 rights are long-term assets but subject to renegotiation pressure
- Macroeconomic sensitivity of sponsorship spending and discretionary sports entertainment consumption
- Regulatory risk in F1 (FIA governance, environmental compliance) and potential loss of key markets due to geopolitical factors
- Leverage remains elevated post-MotoGP acquisition (3.0x net leverage as of Q1 2026); refinancing risk if growth disappoints
Methodology · Liberty Media Corporation Series A Liberty Formula One Common Stock 2030 stock forecast model
Liberty Media Corporation Series A Liberty Formula One Common Stock 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 7 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:
| 1. Share dilution | Projected from per-ticker schedule of SBC + equity raise activity, compounding year by year (1% cumulative for FWONA by 2030) |
| 2. Net debt | EV minus net debt yields equity value; debt projected from capex cycle trajectory ($554.90M by 2030) |
| 3. Time value | NPV calculated using 8% WACC (CAPM: beta 0.669) |
| 4. Multiple framework | P/S compresses with scale: bear 1.0x / base 2.0x / bull 5.0x |
| 5. Scenario design | Bull/Base/Bear vary revenue, margin, shares, debt, and multiple independently |
WallStSmart research model · Not financial advice · Past performance is not indicative of future results · Last researched: May 21, 2026.
FWONA price target FAQ
What is the FWONA price target for 2030?
WallStSmart's Liberty Media Corporation Series A Liberty Formula One Common Stock 2030 base case is $608.23 per share, with a bull case of $1,555.08 and bear case of $292.61. The NPV of the base case discounted to today at 8% WACC is $422.94.
How is the Liberty Media Corporation Series A Liberty Formula One Common Stock 2030 stock forecast calculated?
The FWONA 2030 projection multiplies projected revenue by a growth-adjusted P/S multiple to derive enterprise value, subtracts projected net debt to get equity value, then divides by diluted shares outstanding accounting for dilution from stock-based compensation and equity raises.
Why does the FWONA price target account for dilution?
Liberty Media Corporation Series A Liberty Formula One Common Stock is projected to grow diluted share count from 24M to 24M by 2030 (a 1% increase) through stock-based compensation and capital raises. Ignoring this would inflate the price target by approximately 1%.
What is the analyst consensus on FWONA stock?
7 analysts cover FWONA with an average 12-month price target of $103.40. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.