Financials Brown-Forman Corporation Nyse

Equities

BF.A

US1156371007

Distillers & Wineries

Market Closed - Nyse 04:00:02 2024-05-21 pm EDT 5-day change 1st Jan Change
48.12 USD +0.35% Intraday chart for Brown-Forman Corporation -2.91% -19.25%

Valuation

Fiscal Period: April 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 25,255 28,814 35,681 31,453 31,327 22,492 - -
Enterprise Value (EV) 1 27,388 30,741 37,090 32,854 33,866 24,911 24,676 24,489
P/E ratio 30.8 x 36.2 x 40.6 x 38.8 x 39.9 x 23.9 x 23.7 x 21.7 x
Yield 1.22% 1.09% 0.93% 2.57% 1.21% 1.78% 1.88% 2.02%
Capitalization / Revenue 7.6 x 8.57 x 10.3 x 8 x 7.41 x 5.3 x 5.15 x 4.89 x
EV / Revenue 8.24 x 9.14 x 10.7 x 8.35 x 8.01 x 5.87 x 5.65 x 5.33 x
EV / EBITDA 22.8 x 26.4 x 29.6 x 25.6 x 28.1 x 18.1 x 17.3 x 16 x
EV / FCF 40.2 x 50.3 x 49.1 x 41.2 x 74.1 x 34.3 x 29.7 x 27.5 x
FCF Yield 2.49% 1.99% 2.04% 2.43% 1.35% 2.92% 3.37% 3.64%
Price to Book 15.4 x 15.1 x 14.1 x 11.8 x 9.57 x 6.76 x 5.95 x 5.35 x
Nbr of stocks (in thousands) 477,048 478,140 478,695 478,971 479,241 472,524 - -
Reference price 2 53.29 62.20 76.28 67.44 65.09 47.31 47.31 47.31
Announcement Date 6/5/19 6/9/20 6/9/21 6/8/22 6/7/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: April 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 3,324 3,363 3,461 3,933 4,228 4,246 4,370 4,596
EBITDA 1 1,202 1,165 1,255 1,283 1,207 1,379 1,426 1,531
EBIT 1 1,144 1,091 1,166 1,204 1,127 1,298 1,336 1,432
Operating Margin 34.42% 32.44% 33.69% 30.61% 26.66% 30.57% 30.57% 31.16%
Earnings before Tax (EBT) 1 1,042 1,009 1,081 1,114 1,017 1,186 1,216 1,310
Net income 1 835 827 903 838 783 944.9 946.2 1,027
Net margin 25.12% 24.59% 26.09% 21.31% 18.52% 22.25% 21.65% 22.34%
EPS 2 1.730 1.720 1.880 1.740 1.630 1.980 1.993 2.180
Free Cash Flow 1 681 611 755 798 457 726.5 831.3 891
FCF margin 20.49% 18.17% 21.81% 20.29% 10.81% 17.11% 19.02% 19.38%
FCF Conversion (EBITDA) 56.66% 52.45% 60.16% 62.2% 37.86% 52.69% 58.31% 58.19%
FCF Conversion (Net income) 81.56% 73.88% 83.61% 95.23% 58.37% 76.88% 87.86% 86.78%
Dividend per Share 2 0.6480 0.6806 0.7076 1.736 0.7880 0.8432 0.8909 0.9550
Announcement Date 6/5/19 6/9/20 6/9/21 6/8/22 6/7/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: April 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2025 Q3 2025 Q4
Net sales 1 994 1,037 996 1,007 1,094 1,081 1,046 1,038 1,107 1,069 1,028 1,045 1,135 1,119 1,073
EBITDA 1 343 368 267 363 332 193 319 348 359 398 303.6 355 384.6 352 334.8
EBIT 1 322 347 246 343 313 173 298 327 339 373 289.7 333.4 360.5 325 314.3
Operating Margin 32.39% 33.46% 24.7% 34.06% 28.61% 16% 28.49% 31.5% 30.62% 34.89% 28.2% 31.91% 31.75% 29.05% 29.29%
Earnings before Tax (EBT) 1 301 328 216 326 298 124 269 299 310 342 259.5 303.7 331.7 299 285.1
Net income 1 236 259 151 249 227 100 207 231 242 285 198.6 235.9 258.3 230.3 221
Net margin 23.74% 24.98% 15.16% 24.73% 20.75% 9.25% 19.79% 22.25% 21.86% 26.66% 19.33% 22.58% 22.75% 20.59% 20.6%
EPS 2 0.4900 0.5400 0.3100 0.5200 0.4700 0.2100 0.4300 0.4800 0.5000 0.6000 0.4105 0.4992 0.5438 0.4818 0.4637
Dividend per Share 2 0.1795 1.188 0.1885 0.1885 0.1885 0.2055 0.2055 0.2055 0.2055 0.2178 0.2187 0.2184 0.2217 0.2318 0.2306
Announcement Date 12/8/21 3/3/22 6/8/22 8/31/22 12/7/22 3/8/23 6/7/23 8/30/23 12/6/23 3/6/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: April 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 2,133 1,927 1,409 1,401 2,539 2,419 2,184 1,997
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.775 x 1.654 x 1.123 x 1.092 x 2.104 x 1.754 x 1.532 x 1.304 x
Free Cash Flow 1 681 611 755 798 457 726 831 891
ROE (net income / shareholders' equity) 56.4% 45.7% 33.2% 31.1% 26.1% 28% 25.6% 25.3%
ROA (Net income/ Total Assets) 16.5% 15.2% 12.5% 13% 11.1% 11.8% 10.7% 11.3%
Assets 1 5,058 5,457 7,220 6,447 7,075 8,011 8,819 9,053
Book Value Per Share 2 3.450 4.130 5.420 5.720 6.800 7.000 7.940 8.840
Cash Flow per Share 2 1.660 1.510 1.700 1.950 1.330 2.290 2.270 2.620
Capex 1 119 113 62 138 183 233 231 237
Capex / Sales 3.58% 3.36% 1.79% 3.51% 4.33% 5.5% 5.28% 5.17%
Announcement Date 6/5/19 6/9/20 6/9/21 6/8/22 6/7/23 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
19
Last Close Price
47.31 USD
Average target price
57.96 USD
Spread / Average Target
+22.52%
Consensus
  1. Stock Market
  2. Equities
  3. BF.B Stock
  4. BF.A Stock
  5. Financials Brown-Forman Corporation
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