BF-B

Brown-Forman Corporation

$26.29

-0.19

(-0.72%)

Exchange:	NYSE
Market Cap:	12.543B
Shares Outstanding:	904.846M

Overview

Earnings

Financials

Valuation

Chart

About The Company

Brown-Forman Corporation, together with its subsidiaries, manufactures, distills, bottles, imports, exports, markets, and sells various alcoholic beverages. It provides spirits, wines, whiskey spirits, whiskey-based flavored liqueurs, ready-to-drink and ready-to-pour products, ready-to-drink cocktails, vodkas, tequilas, champagnes, brandy, bourbons, and liqueurs. The company offers its products primarily under the 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 brands. It is also involved in the sale of used barrels, bulk whiskey, and wine; and provision of contract bottling services. The company serves retail customers and consumers through distributors or state governments; and retailers, wholesalers, and provincial governments directly. It has operations in the United States, Germany, Australia, the United Kingdom, Mexico, and internationally. The company was founded in 1870 and is headquartered in Louisville, Kentucky.

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Revenue Segmentation

EPS

View full analyst estimates

Earnings Call

No transcript or summary available for this symbol.

Income Statement

Balance Sheet

Cash Flow Statement

Analyst Estimates

Income Statement

(* All numbers are in thousands)

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
? Revenue	3,134,000	3,089,000	2,994,000	3,248,000	3,324,000	3,363,000	3,461,000	3,933,000	4,228,000	4,178,000
? Cost Of Revenue	951,000	945,000	973,000	1,046,000	1,158,000	1,236,000	1,367,000	1,542,000	1,734,000	1,652,000
? Gross Profit	2,183,000	2,144,000	2,021,000	2,202,000	2,166,000	2,127,000	2,094,000	2,391,000	2,494,000	2,526,000
? Research And Development Expenses	0	0	0	0	0	0	0	0	0	0
? General And Administrative Expenses	697,000	688,000	667,000	765,000	641,000	642,000	671,000	690,000	742,000	826,000
? Selling And Marketing Expenses	437,000	417,000	383,000	414,000	396,000	383,000	399,000	438,000	506,000	529,000
? Operating Expenses	1,156,000	1,096,000	1,032,000	1,163,000	1,022,000	1,036,000	1,055,000	1,187,000	1,367,000	1,112,000
? Net Interest Income	0	0	0	0	0	0	0	0	0	0
? Interest Income	2,000	2,000	3,000	6,000	8,000	5,000	2,000	5,000	9,000	14,000
? Interest Expense	25,000	44,000	56,000	62,000	80,000	77,000	79,000	77,000	81,000	127,000
? Depreciation And Amortization	51,000	56,000	58,000	64,000	72,000	74,000	77,000	79,000	80,000	87,000
? EBITDA	1,078,000	1,109,000	1,049,000	1,094,000	1,188,000	1,165,000	1,093,000	1,315,000	1,313,000	1,512,000
? EBIT
? Operating Income	1,027,000	1,533,000	989,000	1,039,000	1,144,000	1,091,000	1,166,000	1,204,000	1,127,000	1,414,000
? Income Before Tax	1,002,000	1,489,000	933,000	977,000	1,042,000	1,009,000	1,081,000	1,114,000	1,017,000	1,298,000
? Income Tax Expense	318,000	422,000	264,000	260,000	207,000	182,000	178,000	276,000	234,000	274,000
? Net Income From Continuing Operations
? Net Income	684,000	1,067,000	669,000	717,000	835,000	827,000	903,000	838,000	783,000	1,024,000
? EPS (Earnings Per Share)	1.290	2.100	1.380	1.490	1.740	1.730	1.890	1.750	1.640	2.150
? EPS Diluted	1.280	2.090	1.370	1.480	1.730	1.720	1.880	1.740	1.630	2.150
? Weighted Average Shares Outstanding	528,982.500	507,442.500	484,635	480,319	478,956	477,765	478,527	478,879	479,155	476,394
? Weighted Average Shares Outstanding Diluted	532,707.500	510,700	488,076.250	484,248	482,067	480,409	480,677	480,565	480,565	477,220
	USD	USD	USD	USD	USD	USD	USD	USD	USD	USD

Balance Sheet

(* All numbers are in thousands)

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
? Cash And Cash Equivalents	370,000	263,000	182,000	239,000	307,000	675,000	1,150,000	868,000	374,000	446,000
? Short Term Investments	0	0	0	0	0	0	0	0	0	0
? Cash And Short Term Investments	370,000	263,000	182,000	239,000	307,000	675,000	1,150,000	868,000	374,000	446,000
? Net Receivables	583,000	559,000	557,000	639,000	609,000	570,000	753,000	813,000	855,000	769,000
? Accounts Receivables
? Inventory	953,000	1,054,000	1,270,000	1,379,000	1,520,000	1,685,000	1,751,000	1,818,000	2,283,000	2,556,000
? Total Current Assets	2,254,000	2,233,000	2,351,000	2,555,000	2,719,000	3,265,000	3,917,000	3,776,000	3,801,000	4,036,000
? Property Plant Equipment Net	586,000	629,000	713,000	780,000	816,000	848,000	832,000	875,000	1,031,000	1,074,000
? Goodwill	607,000	590,000	753,000	763,000	753,000	756,000	779,000	761,000	1,457,000	1,455,000
? Intangible Assets	611,000	595,000	641,000	670,000	645,000	635,000	676,000	586,000	1,164,000	990,000
? Long Term Investments	-18,000	-17,000	-16,000	-16,000	-16,000	-15,000	-70,000	19,000	-66,000	270,000
? Total Non Current Assets	1,939,000	1,950,000	2,274,000	2,421,000	2,420,000	2,511,000	2,605,000	2,597,000	3,976,000	4,130,000
? Total Assets	4,193,000	4,183,000	4,625,000	4,976,000	5,139,000	5,776,000	6,522,000	6,373,000	7,777,000	8,166,000
? Account Payables	123,000	121,000	137,000	154,000	150,000	131,000	172,000	218,000	308,000	267,000
? Short Term Debt	440,000	271,000	460,000	215,000	150,000	349,000	225,000	271,000	257,000	728,000
? Deferred Revenue	12,000	-303,000	-294,000	-325,000	72,000	0	0	0	0	0
? Total Current Liabilities	958,000	791,000	970,000	821,000	703,000	881,000	918,000	1,034,000	1,084,000	1,559,000
? Long Term Debt	748,000	1,230,000	1,689,000	2,341,000	2,290,000	2,306,000	2,403,000	2,073,000	2,741,000	2,445,000
? Deferred Revenue Non Current	311,000	353,000	314,000	191,000	197,000	297,000	219,000	0	0	0
? Deferred Tax Liabilities Non Current	107,000	101,000	152,000	85,000	145,000	177,000	169,000	219,000	323,000	315,000
? Total Non Current Liabilities	1,330,000	1,830,000	2,285,000	2,839,000	2,789,000	2,920,000	2,948,000	2,602,000	3,425,000	3,090,000
? Total Liabilities	2,288,000	2,621,000	3,255,000	3,660,000	3,492,000	3,801,000	3,866,000	3,636,000	4,509,000	4,649,000
? Treasury Stock
? Preferred Stock	0	0	0	0	0	0	0	0	0	0
? Common Stock	34,000	34,000	68,000	72,000	72,000	72,000	72,000	72,000	72,000	72,000
? Retained Earnings	3,300,000	4,065,000	4,470,000	1,730,000	2,238,000	2,708,000	3,243,000	3,242,000	3,643,000	4,261,000
? Additional Paid In Capital
? Total Stockholders Equity	1,905,000	1,562,000	1,370,000	1,316,000	1,647,000	1,975,000	2,656,000	2,737,000	3,268,000	3,517,000
? Total Equity	1,905,000	1,562,000	1,370,000	1,316,000	1,647,000	1,975,000	2,656,000	2,737,000	3,268,000	3,517,000
? Minority Interest	0	0	0	0	0	0	0	0	0	0
? Total Liabilities And Total Equity	4,193,000	4,183,000	4,625,000	4,976,000	5,139,000	5,776,000	6,522,000	6,373,000	7,777,000	8,166,000
? Total Investments	-18,000	-17,000	-16,000	-16,000	-16,000	-15,000	-70,000	19,000	-66,000	270,000
? Total Debt	1,188,000	1,501,000	2,149,000	2,556,000	2,440,000	2,602,000	2,559,000	2,269,000	2,913,000	3,100,000
? Net Debt	818,000	1,238,000	1,967,000	2,317,000	2,133,000	1,927,000	1,409,000	1,401,000	2,539,000	2,654,000
	USD	USD	USD	USD	USD	USD	USD	USD	USD	USD

Cash Flow Statement

(* All numbers are in thousands)

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
? Net Income	684,000	1,067,000	669,000	717,000	835,000	827,000	903,000	838,000	783,000	1,024,000
? Depreciation And Amortization	51,000	56,000	58,000	64,000	72,000	74,000	77,000	79,000	80,000	87,000
? Deferred Income Tax	6,000	10,000	-10,000	-69,000	34,000	39,000	-53,000	-11,000	-3,000	18,000
? Stock Based Compensation	15,000	15,000	14,000	19,000	14,000	11,000	12,000	15,000	18,000	25,000
? Change In Working Capital	-157,000	-141,000	-94,000	-103,000	-163,000	-255,000	28,000	-77,000	410,000	-263,000
? Accounts Receivables	-50,000	8,000	6,000	-70,000	23,000	12,000	-150,000	-77,000	-21,000	88,000
? Inventory	-102,000	-127,000	-86,000	-102,000	-162,000	-203,000	-37,000	-93,000	-403,000	-349,000
? Accounts Payables	64,000	29,000	-17,000	58,000	-43,000	-30,000	137,000	37,000	77,000	-31,000
? Net Cash Provided By Operating Activities	608,000	524,000	639,000	632,000	800,000	724,000	817,000	936,000	640,000	647,000
? Investments In Property Plant And Equipment	-120,000	-108,000	-112,000	-127,000	-119,000	-113,000	-62,000	-138,000	-183,000	-228,000
? Acquisitions Net	0	543,000	-307,000	0	0	-22,000	163,000	0	-1,195,000	246,000
? Purchases Of Investments	0	0	0	0	0	0	0	0	0	0
? Sales Maturities Of Investments	0	0	0	0	0	0	0	0	0	0
? Net Cash Provided By Investing Activities	0	0	0	0	0	0	0	0	0	0
? Net Debt Issuance	0	0	0	0	0	0	0	0	0	0
? Long Term Net Debt Issuance	0	0	0	0	0	0	0	0	0	0
? Short Term Net Debt Issuance	0	0	0	0	0	0	0	0	0	0
? Net Stock Issuance	0	0	0	0	0	0	0	0	0	0
? Net Dividends Paid	-256,000	-266,000	-274,000	-773,000	-310,000	-325,000	-338,000	-831,000	-378,000	-404,000
? Common Dividends Paid
? Preferred Dividends Paid	0	0	0	0	0	0	0	0	0	0
? Net Cash Provided By Financing Activities	-531,000	-1,060,000	-285,000	-466,000	-599,000	-191,000	-485,000	-1,038,000	239,000	-618,000
? Effect Of Forex Changes On Cash	-19,000	-4,000	-13,000	19,000	-14,000	-24,000	45,000	-47,000	-14,000	-6,000
? Net Change In Cash	-67,000	-107,000	-81,000	57,000	68,000	368,000	475,000	-276,000	-500,000	62,000
? Cash At End Of Period	370,000	263,000	182,000	239,000	307,000	675,000	1,150,000	874,000	374,000	446,000
? Cash At Beginning Of Period	437,000	370,000	263,000	182,000	239,000	307,000	675,000	1,150,000	874,000	384,000
? Operating Cash Flow	608,000	524,000	639,000	632,000	800,000	724,000	817,000	936,000	640,000	647,000
? Capital Expenditure	-120,000	-108,000	-112,000	-127,000	-119,000	-113,000	-62,000	-138,000	-183,000	-228,000
? Free Cash Flow	488,000	416,000	527,000	505,000	681,000	611,000	755,000	798,000	457,000	419,000
	USD	USD	USD	USD	USD	USD	USD	USD	USD	USD

Analyst Estimates

(* All numbers are in thousands)

Fiscal Year	2025	2026	2027	2028	2029
Estimated Revenue (Low)	4,011,642.194	4,011,661.060	4,206,261.916	4,406,783.393	4,643,040.742
Estimated Revenue (High)	4,113,513.690	4,325,155.184	4,424,087.825	4,634,993.528	4,883,485.723
Estimated Revenue (Avg)	4,044,311.471	4,120,069.824	4,280,247.262	4,484,295.778	4,724,708.736
Estimated Ebitda (Low)	1,339,099.246	1,339,105.544	1,404,063.944	1,470,998.667	1,549,862.141
Estimated Ebitda (High)	1,373,104.284	1,443,750.905	1,476,774.943	1,547,175.955	1,630,123.460
Estimated Ebitda (Avg)	1,350,004.358	1,375,292.743	1,428,760.494	1,496,872.554	1,577,123.184
Estimated Net Income (Low)	803,500.087	830,062.153	922,967.342	944,451.787	982,691.426
Estimated Net Income (High)	900,848.195	953,385.345	985,435.441	1,008,370.634	1,049,201.577
Estimated Net Income (Avg)	865,677.081	880,485.218	944,184.544	966,160.525	1,005,283.020
Estimated SGA Expense (Low)	1,219,734.546	1,219,740.282	1,278,908.417	1,339,876.709	1,411,710.446
Estimated SGA Expense (High)	1,250,708.440	1,315,057.759	1,345,138.099	1,409,263.701	1,484,817.427
Estimated SGA Expense (Avg)	1,229,667.596	1,252,701.824	1,301,403.564	1,363,444.248	1,436,541.492
Estimated EPS (Avg)	1.810	1.850	1.980	2.020	2.110
Estimated EPS (High)	1.890	2	2.060	2.110	2.200
Estimated EPS (Low)	1.680	1.740	1.930	1.980	2.060
Number of Analysts (Estimated Revenue)	15	16	13	12	13
Number of Analysts (Estimated EPS)	18	18	16	9	8

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Current Key Metrics

?	Revenue (TTM) :		?	P/S (TTM) :	3.08
?	Net Income (TTM) :		?	P/E (TTM) :	13.97
?	Enterprise Value (TTM) :	14.541B	?	EV/FCF (TTM) :	33.74
?	Dividend Yield (TTM) :	0.03	?	Payout Ratio (TTM) :	0.48
?	ROE (TTM) :	0.23	?	ROIC (TTM) :	0.12
?	Net Debt (TTM) :		?	Debt/Equity (TTM) :	0.68
?	P/B (TTM) :	3.04	?	Current Ratio (TTM) :	3.88

Forward P/E Ratios

?

Forward P/E calculated based on:

Forward P/E 1Y	Forward P/E 2Y	Forward P/E 3Y	Forward P/E 4Y	Forward P/E 5Y
14.63	14.31	13.37	13.11	12.55

SWOT Analysis

No SWOT analysis available for this stock.

BF-B

-0.72

2.1

-22.54

-22.31

-34.08

-39.78

-58.8

Trading Metrics:

Open:	26.57	Previous Close:	26.48
Day Low:	26.27	Day High:	26.68
Year Low:	25.53	Year High:	49.89
Price Avg 50:	32.54	Price Avg 200:	37.91
Volume:	4.732M	Average Volume:	4.043M