• In late June 2026, Formula One Group’s FWON.A and FWON.K share classes were removed from several major Russell growth and midcap indices, including the Russell 1000 Growth, Russell 3000 Growth, and related benchmark variants.
• This broad index exclusion can matter for investors because it often prompts mechanical rebalancing by index-tracking funds, potentially reshaping the company’s shareholder base and trading patterns.
• We’ll now examine how Formula One Group’s broad removal from Russell growth benchmarks could influence its previously bullish, growth-focused investment narrative.

Find 41 companies with promising cash flow potential yet trading below their fair value.

Formula One Group Investment Narrative Recap

To own Formula One Group, you need to believe its premium global racing franchise can keep monetizing fans, media, and sponsors despite rising costs and leverage. The broad Russell index removals may shift trading flows and some shareholder turnover, but they do not directly change the core near term catalysts around race expansion, media rights, or MotoGP integration. The biggest near term risk still centers on higher costs and increased leverage squeezing margins and financial flexibility.

The most relevant recent development against this backdrop is Formula One’s March 2026 expansion of its Salesforce partnership to launch an AI powered fan companion on F1.com. This push to deepen fan engagement and attract younger audiences ties directly into the growth catalyst of broadening the fan base and strengthening digital channels, which could help offset pressures from one off revenue items and rising operating costs over time.

Yet, in contrast, investors should still keep a close eye on how higher leverage could limit flexibility if...

Formula One Group's narrative projects $5.3 billion revenue and $758.1 million earnings by 2028. This requires 11.3% yearly revenue growth and a $485.1 million earnings increase from $273.0 million today.

Uncover how Formula One Group's forecasts yield a $117.27 fair value, a 18% upside to its current price.

Exploring Other Perspectives

Some analysts are far more cautious, assuming revenue grows only about 5.4% annually and earnings fall toward US$470.1 million, so the index removal could reinforce their concerns about concentration risks and slower sponsorship or hosting fee growth, while others see very different possibilities ahead.

Explore 5 other fair value estimates on Formula One Group - why the stock might be worth 46% less than the current price!

Form Your Own Verdict

Don't just follow the ticker - dig into the data and build a conviction that's truly your own.

• A great starting point for your Formula One Group research is our analysis highlighting 2 key rewards and 2 important warning signs that could impact your investment decision.
• Our free Formula One Group research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Formula One Group's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.