Brown-Forman Corporation

Brown-Forman Corporation

BF-BยทNYSE

$24.77

-0.68%
Consumer DefensiveBeverages - Wineries & Distilleries

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.

At a Glance

Live Snapshot
Market Cap$11.63B
EPS1.8400
P/E Ratio13.46
Earnings Date06/04/2026
Brown-Forman Corporation

Brown-Forman Corporation Fair Value Envelope

BF-B ยท NYSE

Our analysis suggests that BF-B has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $24.77, this represents a potential HIDDEN relative to our calculated worth for Brown-Forman Corporation.

Intrinsic Value
Current Price: $24.77

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$10.3B
+ Cash & Equivalents$444.0M
Firm Value$10.7B
- Debt$2.7B
Equity Value$8.0B
/ Shares Outstanding472,701,149B
DCF Value$17
OVERVALUED BY 32%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$615.1M
$632.7M
$650.9M
$669.5M
$688.7M
$708.4M
$728.7M
$749.6M
$771.0M
$793.1M
Maintenance CapEx
-$34.4M
-$35.3M
-$36.4M
-$37.4M
-$38.5M
-$39.6M
-$40.7M
-$41.9M
-$43.1M
-$44.3M
Owner Earnings
$580.8M
$597.4M
$614.5M
$632.1M
$650.2M
$668.8M
$688.0M
$707.7M
$728.0M
$748.8M
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$537.7M
$512.2M
$487.8M
$464.6M
$442.5M
$421.5M
$401.4M
$382.3M
$364.2M
$346.8M
Terminal Value represents 57.5% of Enterprise Value