Formula One Group
Financial ratios & Valuation

Forward Multiples (2025 – 2028)

2025202620272028
Price/Earnings ratio
64.3048.6138.9031.67
Price/Sales ratio
5.685.335.145.09
Earnings per Share (EPS)
$1.58$2.09$2.61$3.21

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
67.35-72.527.8427.26-46.49-33.57-16.36-120.2124.5479.8548.76-46.49
Price/Sales ratio
2.692.64N/A3.893.815.168.486.755.324.588.563.81
Price/Book Value ratio
1.0512.912.001.221.251.991.482.271.982.302.781.25
Price/Cash Flow ratio
10.65-362.606.83-92.7026.0235.51-69.9129.9925.6423.8636.0326.02
Price/Free Cash Flow ratio
12.87-186.636.86-81.8027.4541.76-60.7431.0956.3676.54261.6627.45
Price/Earnings Growth ratio
-0.67-0.13-0.00-0.390.30-0.31-0.181.50-0.04-1.082.190.30
Dividend Yield
0.00%N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Profitability Indicator Ratios
Gross Profit Margin
53.41%43.31%N/A31.63%30.32%31.05%14.93%30.29%31.98%30.47%25.86%31.05%
Operating Profit Margin
18.89%-1.68%N/A-2.24%-6.02%1.08%-38.77%3.60%8.97%9.21%11.35%-6.02%
Pretax Profit Margin
10.35%-5.77%N/A-17.04%-10.94%-19.83%-61.65%-7.35%9.75%6.54%12.56%-10.94%
Net Profit Margin
4%-3.64%N/A14.30%-8.21%-15.38%-51.87%-5.61%21.68%5.74%10.94%-8.21%
Effective Tax Rate
14.31%36.82%34.2%184.53%25%22.44%15.86%23.56%-123.90%12.79%13.14%22.44%
Return on Assets
0.57%-8.96%10.98%2.16%-1.36%-2.70%-5.30%-1.02%5.06%1.80%3.49%-1.36%
Return On Equity
1.56%-17.80%25.58%4.49%-2.70%-5.93%-9.06%-1.89%8.07%2.88%5.66%-2.70%
Return on Capital Employed
2.94%-3.90%14.94%-0.34%-1.03%0.19%-4.22%0.74%2.26%3.13%4.03%-1.03%
Liquidity Ratios
Current Ratio
0.88-0.785.641.570.861.750.89N/AN/AN/A1.640.86
Quick Ratio
0.87-0.785.641.570.861.753.271.822.422.171.320.86
Cash ratio
0.25-0.615.410.920.441.372.431.602.081.781.160.44
Days of Sales Outstanding
19.27N/AN/A17.1921.9712.4538.5711.2717.4413.9318.8318.83
Days of Inventory outstanding
4.46N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Operating Cycle
23.73N/AN/A17.1921.9712.4538.5711.2717.4413.9318.8318.83
Days of Payables Outstanding
125.362.2858477.2566.8069.1256.2175.5082.5976.9157.4969.12
Cash Conversion Cycle
-101.62-2.28N/A-60.05-44.83-56.66-17.63-64.22-65.14-62.97-38.65-44.83
Debt Ratios
Debt Ratio
0.180.520.520.490.450.490.330.310.260.280.270.49
Debt Equity Ratio
0.511.051.231.020.901.080.570.570.420.450.441.08
Long-term Debt to Capitalization
0.320.510.550.500.470.520.350.310.290.300.300.52
Total Debt to Capitalization
0.330.510.550.500.470.520.360.360.290.310.300.52
Interest Coverage Ratio
3.29-4.05-3.57-0.18-0.57-0.17-0.82N/AN/AN/A1.76-0.57
Cash Flow to Debt Ratio
0.19-0.030.23-0.010.050.05-0.030.130.180.210.170.05
Company Equity Multiplier
2.731.982.322.081.972.191.701.831.591.591.632.19
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.25-0.00N/A-0.040.140.14-0.120.220.200.190.140.14
Free Cash Flow / Operating Cash Flow Ratio
0.821.940.991.130.940.851.150.960.450.310.220.85
Cash Flow Coverage Ratio
0.19-0.030.23-0.010.050.05-0.030.130.180.210.170.05
Short Term Coverage Ratio
4.37N/AN/AN/AN/AN/A-0.660.698.7517.1913.94N/A
Dividend Payout Ratio
0.66%N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A