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Earnings transcript
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BF-B
Brown-Forman Corporation
$27.81
-0.26
(-0.93%)
| Exchange: | NYSE |
| Market Cap: | 12.969B |
| Shares Outstanding: | 904.846M |
Delayed data
About The Company
| Sector: | Consumer Defensive | |||||
| Industry: | Beverages – Wineries & Distilleries | |||||
| CEO: | Lawson E. Whiting | |||||
| Full Time Employees: | 4900 | |||||
| Address: |
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| Website: | https://www.brown-forman.com |
Brown-Forman Corporation, along with its subsidiaries, operates globally within the alcoholic beverage industry. The company is actively involved in the production, distillation, bottling, international trade (importing and exporting), marketing, and sale of a diverse portfolio of alcoholic products. Its extensive offerings encompass a wide variety of spirits, wines, and whiskey products, including specialty whiskey spirits and flavored whiskey liqueurs. The range also features convenient ready-to-drink and ready-to-pour options, pre-mixed cocktails, vodkas, tequilas, champagnes, brandy, bourbons, and other liqueurs. These beverages are primarily marketed under prominent brands such as Jack Daniel’s, Reserve, Old Forester, Coopers’ Craft, Herradura, el Jimador, New Mix, Korbel Champagnes, Sonoma-Cutrer, Finlandia, GlenDronach, Benriach, Glenglassaugh, Chambord, Slane, and Fords Gin. Beyond beverage sales, Brown-Forman also engages in the sale of used barrels, bulk whiskey, and wine, in addition to offering contract bottling services. The company’s distribution model involves reaching retail customers and end consumers through independent distributors or state governments, while directly supplying retailers, wholesalers, and provincial governments. With a history dating back to its founding in 1870, Brown-Forman Corporation is headquartered in Louisville, Kentucky, and conducts substantial operations across the United States, Germany, Australia, the United Kingdom, Mexico, and numerous other international markets.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 4,178,000 | 3,975,000 | 3,928,000 |
| Gross Profit | 2,526,000 | 2,343,000 | 2,378,000 |
| EBITDA | 1,512,000 | 1,290,000 | 1,109,000 |
| Operating Income | 1,147,000 | 1,167,000 | 1,109,000 |
| Net Income | 1,024,000 | 869,000 | 715,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2024 | 2025 | 2026 |
|---|---|---|---|
| Total Assets | 8,166,000 | 8,086,000 | 7,894,000 |
| Total Liabilities | 4,649,000 | 4,093,000 | 3,874,000 |
| Total Stockholders Equity | 3,517,000 | 3,993,000 | 4,020,000 |
| Total Debt | 3,100,000 | 2,733,000 | 2,151,000 |
| Cash and Cash Equivalents | 446,000 | 444,000 | 308,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2024 | 2025 | 2026 |
|---|---|---|---|
| Operating Cash Flow | 647,000 | 598,000 | 1,000,000 |
| Capital Expenditure | -228,000 | -167,000 | -107,000 |
| Free Cash Flow | 419,000 | 431,000 | 893,000 |
| Net Income | 1,024,000 | 869,000 | 715,000 |
| Net Change in Cash | 62,000 | 7,000 | -155,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2031 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 4,732,888.165 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 4,915,952.135 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 4,824,000 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 1,489,613.446 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 1,547,230.389 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 1,518,289.681 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 0 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 0 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 0 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 1,456,113.591 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 1,512,434.790 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 1,484,144.928 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 0 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 0 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 0 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 12 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 9 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Solid Financial Performance: BF-B demonstrates consistent revenue growth as reflected in the income statements, with positive trends in net income and earnings per share (EPS) over recent periods. This indicates operational efficiency and profitability, key for investor confidence.
- Strong Cash Flow Metrics: The cash flow statements highlight robust free cash flow and net cash provided by operating activities, suggesting BF-B has liquidity to fund operations, reduce debt, or return value to shareholders through dividends (evidenced by a stable dividend yield in key metrics).
- Favorable Valuation Metrics: The current price-to-earnings (P/E) ratio and forward P/E estimates from the data suggest BF-B is reasonably valued compared to industry averages (as per industry and sector data), indicating potential for sustained investor interest.
- Positive Sector and Industry Positioning: Performance metrics show BF-B outperforming industry averages over 1-year and 5-year periods (perf1y, perf5y), reflecting resilience and competitive strength within its sector.
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Intrinsic Value Calculator
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
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Common questions about BF-B valuation
Is Brown-Forman Corporation (BF-B) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Brown-Forman Corporation (BF-B) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is BF-B a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether BF-B trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is BF-B’s P/E ratio?
You can see BF-B’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for BF-B?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is BF-B a good long-term investment?
Whether BF-B fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
BF-B
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Daily snapshot
-0.93
Trading Metrics:
| Open: | 27.15 | Previous Close: | 28.07 | |
| Day Low: | 27.15 | Day High: | 27.89 | |
| Year Low: | 22.61 | Year High: | 31.92 | |
| Price Avg 50: | 27.22 | Price Avg 200: | 27.26 | |
| Volume: | 334209 | Average Volume: | 3.135M |
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Login — it's freeBF-B full analysis
Welcome to MARKETSNAP’s SWOT analysis for BF-B, better known as Brown-Forman Corporation! If you’re a long-term investor looking to build wealth with solid picks, you’re in the right place. Today, we’re diving deep into Brown-Forman, a heavyweight in the spirits industry, to break down its strengths, weaknesses, opportunities, and threats. We’ll also touch on recent developments and financials to give you a full picture of where this company stands and where it might be headed. So, grab a coffee—or maybe…
