# Liberty Media Corporation Series C Common Stock (FWONK) — Stock CV

Liberty Media Corporation Series C is a $23.6B communication services company. Revenue grew 8.2% over the last year, it keeps 53¢ of every dollar of sales as profit, and its net debt equals ~0.6 years of free cash flow. It trades at 109.9× earnings.

> Liberty Media Corp along with its subsidiaries is engaged in the media and entertainment industries in North America and the United Kingdom. The company owns interests in a high-quality portfolio of assets across the media, entertainment and sports industries.

## Identity

- **Ticker**: FWONK
- **Sector**: Communication Services
- **Industry**: Television Broadcasting Stations
- **Headquarters**: ENGLEWOOD, CO
- **Employees**: 1 674
- **Website**: https://www.libertymedia.com
- **Market cap**: $23.6B
- **Last price**: $94.04
- **Financial profile**: Mixed

## Vitals (TTM)

- **Revenue**: $4.02B
- **Net income**: $2.15B
- **Free cash flow**: $723M
- **Net debt**: $405M
- **P/E**: 109.9
- **Revenue growth (YoY)**: 8.2%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 54 |
| Growth | 50 |
| Profitability | 42 |
| Health | 53 |
| Quality | 47 |
| Moat | 31 |

## Qualifications (beginner checklist) — 7 of 10 passed

- [x] Revenue growing — +8.2% YoY
- [x] Profitable — $2.15B TTM
- [ ] Profit growing — -2.4% YoY
- [x] Generates cash — $723M TTM
- [x] Debt under control — ~0.6y of cash flow to repay
- [x] Established company — $23.6B market cap
- [x] Not printing shares — +7.5% shares over ~5y
- [ ] Proven track record — 2/5 profitable years
- [x] Financially stable — Altman Z 2.1 — grey
- [ ] Valuation not extreme — P/E 109.9

## Experience (career milestones)

- **FY2022** — Turned profitable: $558M net income after a loss year
- **FY2022** — Best year on record: $558M net income
- **FY2020** — Revenue already above $1B: $1.15B in first reported year

## Strengths

- Strongly profitable — 53.4% net margin
- Strong cash conversion — FCF is 18.0% of revenue

## Watch-outs

- Net debt would take ~5.4 years of free cash flow to repay
- Thin interest coverage (1.0×)
- Loss-making in 3 of the recent years

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2020 | $1.15B | -$596M | -$160M |
| FY2021 | $2.14B | -$190M | $464M |
| FY2022 | $2.57B | $558M | $243M |
| FY2023 | $3.22B | $185M | $193M |
| FY2024 | $3.65B | -$30.0M | $492M |

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Source: https://stockcv.com/FWONK — derived from company filings; may be delayed or incomplete. Information, not investment advice.