Brown Forman Corp (BF-A)
Consumer Staples · Distillers & Vintners · US stock · S&P 500 component
$29.46
▲ +0.33 (1.13%)
Fair valueFair
$40 +35.2% to fair value
$20fair band $28–$52$60
Day's range
$29.19 – $29.82
52-week range
$22.63 – $30.62
About Brown Forman Corp
Brown-Forman is a producer and marketer of spirits and wine, best known for its Tennessee whiskey and bourbon brands, along with tequila, vodka and other drinks. It makes, ages and bottles these products, then sells them to distributors and retailers in the United States and many international markets. Revenue comes from sales of branded alcoholic beverages, and results are influenced by consumer demand, pricing, tariffs and currency movements.
Revenue of $5.1 billion was recorded for the latest twelve months; sales fell 1.8% a year over the past three years. Brown Forman Corp converts that into an operating margin of 19.6%. Return on invested capital comes to 13%. Net debt to EBITDA is 2.0 times. Shareholders receive a dividend, yielding 3.1%, and the X-Ray Score is 57 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $22.63 – $30.62Volume 152,500Daily, split-adjusted
Vitals
Market cap$13.5B
52-week range$22.63 – $30.62
Volume (last day)152,500
P/E (TTM)19.0
EBIT / EV yield6.3%
Free-cash-flow yield6.8%
Dividend yield3.1%
Revenue (TTM)$5.1B
Net income (TTM)$721M
Operating margin19.6%
Return on capital13.1%
Debt incl. leases$2.4B
Cash & securities$301M
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$40model spread $38 – $42
Fair
+35.2% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is Medium, so the safety margin is 30%.
Price $29
Undervalued < $28Fair $28 – $52Overvalued > $52
10-year DCF (market-scaled)
$39
Peer multiples
$39
Earnings power floor (not blended)
$22
Fundamentals-adjusted multiple
$41
Growth the price implies
6.2%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Average business, fairly priced
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Consumer Staples peers. Open a lens to see the numbers behind it.
Valuation
Fair
69/100
Priced about in line with its sector.
See the numbers →
EBIT / EV yield6.3%
Free-cash-flow yield6.8%
Fair value vs price1.4×
Growth
Weak
37/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)-1.8%
EPS growth (3y)-2.1%
Growth consistency20%
Profitability
Weak
49/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital13.1%
Operating margin19.6%
Gross profitability30.4%
Financial health
Strong
71/100
Balance sheet looks strong: debt is well covered.
See the numbers →
Piotroski F-Score7 / 9
Net debt / EBITDA2.0×
Interest cover9.6×
Dividends
Fair
51/100
Dividend is typical for its sector.
See the numbers →
Dividend yield3.1%
Dividends vs free cash flow46%
Dividend growth4.1%
Quarterly results: last 6 quarters
-5.9%
Apr '25
-1.7%
Jul '25
-2.9%
Oct '25
+3.6%
Jan '26
+3.4%
Apr '26
-0.8%
Jul '26
Revenue against the same quarter a year earlier. Latest quarter revenue $1.2B, diluted EPS $0.38.
Fundamentals checklist
● 7 Good · ● 7 Average · ● 2 BadCash quality
Earnings backed by cashAverage
Free-cash-flow yieldGood
Risk models
Altman Z''Good
Piotroski F-ScoreGood
Growth
EPS growth (3y)Average
Free-cash-flow growth (3y)Good
Revenue growth (3y)Bad
Growth consistencyBad
Balance sheet
Current ratioGood
Net debt / EBITDAAverage
Interest coverAverage
Valuation
Fair value vs priceAverage
EBIT / EV yieldGood
Profitability
Return on invested capitalAverage
Operating marginGood
Gross profitabilityAverage
Each check is graded against the company's sector, not a fixed number. Checklist score 57/100.
Financials
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Revenue | $5.1B | $5.4B | $5.3B | $5.1B | $5.1B |
| Operating income | $1.2B | $1.1B | $1.4B | $1.1B | $1.0B |
| Net income | $838M | $783M | $1.0B | $869M | $715M |
| Operating cash flow | $936M | $640M | $647M | $598M | $1.0B |
| Operating margin | 23.7% | 21.0% | 26.5% | 21.9% | 19.7% |
| Free cash flow | $798M | $457M | $419M | $431M | $893M |
| Diluted EPS | $1.74 | $1.63 | $2.14 | $1.84 | $1.53 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bullish
12 bullish · 0 neutral · 4 bearish
Weekly
Strongly bullish
9 bullish · 1 neutral · 2 bearish
Monthly
Neutral
4 bullish · 1 neutral · 3 bearish
Moving averages (daily)
| SMA 10 | 27.66 | Bullish |
| EMA 10 | 28.01 | Bullish |
| SMA 20 | 27.18 | Bullish |
| EMA 20 | 27.54 | Bullish |
| SMA 50 | 27.48 | Bullish |
| EMA 50 | 27.34 | Bullish |
| SMA 100 | 27.16 | Bullish |
| EMA 100 | 27.25 | Bullish |
| SMA 200 | 27.01 | Bullish |
| EMA 200 | 27.44 | Bullish |
Oscillators (daily)
| RSI (14) | 71.80 | Bearish |
| MACD (12, 26) | 0.42 | Bullish |
| Momentum (12) | 9.80 | Bullish |
| Stochastic %K (14) | 89.92 | Bearish |
| Williams %R (14) | -10.08 | Bearish |
| CCI (20) | 244.0 | Bearish |
Pivot points (classic, last session)
S3 28.53 | S2 28.86 | S1 29.16 | Pivot 29.49 | R1 29.79 | R2 30.12 | R3 30.42 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
0.92 USD
Yield on today's price
3.14%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 3 Sep 2026 | 0.2310 |
| 10 Jun 2026 | 0.2310 |
| 9 Mar 2026 | 0.2310 |
| 5 Dec 2025 | 0.2310 |
| 3 Sep 2025 | 0.2270 |
| 9 Jun 2025 | 0.2270 |
| 7 Mar 2025 | 0.2270 |
| 6 Dec 2024 | 0.2270 |
| 3 Sep 2024 | 0.2180 |
| 7 Jun 2024 | 0.2180 |
| 7 Mar 2024 | 0.2180 |
| 30 Nov 2023 | 0.2180 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
BF-A SEC filings
21 Sep 2026
8-KSEC EDGAR
Entered a material agreement
2 Sep 2026
10-QSEC EDGAR
Quarterly report
2 Sep 2026
8-KSEC EDGAR
Results of operations
23 Jul 2026
8-KSEC EDGAR
Shareholder vote results; Regulation FD disclosure
13 Jul 2026
8-KSEC EDGAR
Director or officer change; Regulation FD disclosure
18 Jun 2026
DEF 14ASEC EDGAR
Proxy statement
12 Jun 2026
10-KSEC EDGAR
Annual report
4 Jun 2026
8-KSEC EDGAR
Results of operations
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.