Formula One Stock Fair Value Calculator – Brokerages Set Formula One Group’s 2023 PT at $72.80, Receive “Hold” Rating.

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The seven brokerages that cover Formula One ($NASDAQ:FWONA) Group have recently released their analysis of the company’s performance and long-term potential. The report concluded with an average rating of “Hold” and a price target of $72.80 for the 2023 financial year. The brokerages looked into Formula One Group’s recent and projected performance, taking into consideration its competitive edge in the racing industry, financials, and other factors. They believe that the company is in a position to remain competitive over the next few years.

However, the brokerages were not overly optimistic about the company’s performance over the longer term. They noted that the competitive landscape of motorsport is constantly changing, making it difficult to accurately predict the future of Formula One Group. Overall, the brokerages set a price target of $72.80 for Formula One Group’s 2023 financial year, while giving it a “Hold” rating. This suggests they think that, while there is potential for growth in the company, it is not likely to see substantial increases in share price over the next few years.

Share Price

At the time of writing, news surrounding the Formula One Group has been mostly positive. On Monday, the company’s stock opened at $61.1 and closed at $61.7, representing an increase of 0.7% from its prior closing price of 61.3. Despite the “Hold” rating, investors seem to be optimistic as they continue to show interest in the stock. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Formula One. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Formula One. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Formula One. More…

Key Ratios Snapshot

Some of the financial key ratios for Formula One are shown below. More…

Analysis – Formula One Stock Fair Value Calculator

GoodWhale has conducted an in-depth analysis of FORMULA ONE‘s financials, and our proprietary Valuation Line has produced a fair value of $63.7 for the stock. Currently, the stock is traded at $61.7, which represents a 3.1% undervaluation of its true worth. We believe this presents an attractive opportunity for investors with a low appetite for risk to capitalise on such a discount. In light of this analysis, we would recommend investors to consider buying FORMULA ONE shares. More…

Peers

All four companies provide unique and innovative services to their clients, and have established themselves as leaders in the Formula One industry.

– Alpha Group ($SZSE:002292)

Alpha Group is a diversified industrial services and manufacturing company. The company specializes in a variety of services ranging from energy management and engineering to construction and fleet management. Alpha Group’s current market capitalization is 7.28 billion dollars, an indication of its size and success in the industry. The company also has a negative return on equity of -5.59%, which implies that the company has not been able to generate sufficient returns relative to the amount of invested capital it has. Despite this, Alpha Group continues to make significant investments in its business and is positioned to grow its market share in the industry.

– Linmon Media Ltd ($SEHK:09857)

Linmon Media Ltd is a leading media and entertainment company offering a range of services such as television, radio, digital media, and motion picture production and distribution. The company has a current market cap of 6.92 billion as of 2022, and its return on equity (ROE) stands at 1.18%. This indicates that the company is performing well and generating a healthy return on its shareholders’ equity. Linmon Media continues to remain a leader in the media and entertainment industry and has been able to maintain its strong financial performance over the years.

– Values Cultural Investment Ltd ($SEHK:01740)

Cultural Investment Ltd is a company that is involved in the entertainment industry, creating content and services for customers. As of 2022, the company has a market capitalization of 146.29M and a return on equity of -6.98%. The market cap denotes the total value of the company’s outstanding shares and gives an indication of its size and its ability to generate revenue. The return on equity (ROE) measures the profitability of the company, which in this case is negative, meaning that the company is not profiting from its operations.

Summary

The investing analysis of Formula One Group (FORMULA ONE) is mostly positive at the time of writing, with the majority of brokerages setting the company’s 2023 price target at $72.80 and assigning a “hold” rating. FORMULA ONE has seen strong earnings and cash flow growth in recent quarters, driven by a combination of organic and acquisition strategies. The company has reduced its debt/equity ratio and added new products to its portfolio.

Its global presence also provides opportunities to expand into new markets, tapping into untapped potential. Looking forward, FORMULA ONE is well positioned to capitalize on potential market trends and capitalize on growth opportunities.