Fundamentals · 2026-09-09S&P 500ANNUAL BASIS

Brown–Forman

BF.B stock analysis · Consumer Staples · Distillers & Vintners

FY 2026-04-30ANNUAL FILINGSMULTIPLE SHARE CLASSES
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These are research estimates based on annual filings. Valuation uses a cash-flow proxy and explicit assumptions; prices are not live. Published valuations use annual periods first filed by the price date, with later restatements retained. Issuer-level values span share classes. Reviewed equivalent shares are used when available; the price panel explains the capital basis.
Reference share price · USD
$26.65HISTORICAL SNAPSHOT

As of · fund-implied per-share value

Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.

View SEC fund filing ↗
Estimated issuer market cap
$12.2B

Reviewed economically equivalent common shares; unlisted/other class priced at the displayed class price (proxy). Shares measured 2026-06-09. Approximate; share and price dates can differ.

View share-count filing ↗ · Share-class review ↗
Valuation

DCF value

$29.56

Equity cash-flow scenario · Reviewed issuer-equivalent shares at 2026-06-09 · 10.9% versus input cap

How this is calculated ↗
Valuation

Reverse DCF

2.5%

Annual basis · read assumptions below

How this is calculated ↗
Valuation

Relative valuation

45.8%

26 sector peers · median 24.9×

How this is calculated ↗
Valuation

Historical multiples

34.7×

7 annual observations · snapshot P/E 17.1× · -50.7% versus history

How this is calculated ↗
Valuation

Free cash flow yield

7.3%

Annual basis · read assumptions below

How this is calculated ↗
Quality

ROIC / quality

12.7%

Normalized tax · financing-capital proxy · parent-equity fallback (scope limitation)

How this is calculated ↗
Valuation

Value composite

73/100

Annual basis · read assumptions below

How this is calculated ↗
Momentum

12–1 price momentum

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

How this is calculated ↗
Investment

Asset growth

-2.4%

Annual basis · read assumptions below

How this is calculated ↗
Investment

Net payout yield

Requires reported dividends, repurchases and issuance; missing values are not zero.

Requires reported dividends, repurchases and issuance; missing values are not zero.

How this is calculated ↗
Quality

Accrual quality

-3.6%

Parent-earnings fallback versus consolidated cash flow · scope limitation

How this is calculated ↗
Momentum

Fundamental momentum

2.3%

Annual basis · read assumptions below

How this is calculated ↗

Follow the cash

ANNUAL · USD

Operating cash flow and reinvestment over time

USD · bar maximum 1B2021-04-30: cfo $817,000,000.002021-04-30: capex $62,000,000.0020212022-04-30: cfo $936,000,000.002022-04-30: capex $138,000,000.0020222023-04-30: cfo $640,000,000.002023-04-30: capex $183,000,000.0020232024-04-30: cfo $647,000,000.002024-04-30: capex $228,000,000.0020242025-04-30: cfo $598,000,000.002025-04-30: capex $167,000,000.0020252026-04-30: cfo $1,000,000,000.002026-04-30: capex $107,000,000.002026
Operating cash flowCapital expenditure

Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.

Make the assumptions yours

Personal inputs stay in this browser. Blank fields retain published inputs. Five-year forecast; zero net borrowing. Required return must exceed terminal growth.

How sensitive is the valuation?

DCF per-share sensitivity · includes reviewed preferred and minority-owner claims · rows: required return · columns: growth
Return / Growth3.0%5.0%7.0%
8.0%$37.07$40.45$44.08
10.0%$27.17$29.56$32.13
12.0%$21.43$23.26$25.21

Annual financial history

Open SEC filings ↗
Fiscal year-endRevenueNet incomeOperating cash flowCapital expenditureAssets
2026-04-303.9B715M1B107M7.9B
2025-04-304B869M598M167M8.1B
2024-04-304.2B1B647M228M8.2B
2023-04-304.2B783M640M183M7.8B
2022-04-303.9B838M936M138M6.4B
2021-04-303.5B903M817M62M6.5B
2020-04-303.4B827M724M113M5.8B
2019-04-303.3B835M800M119M5.1B
2018-04-303.2B717M653M127M5B

USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.

Trace the inputs

MODEL ANNUAL PERIOD
InputValueSEC tag / sourceFiled
revenue3.9BRevenueFromContractWithCustomerExcludingAssessedTax2026-06-12
netIncome715MNetIncomeLoss
Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income.
2026-06-12
Parent/common earnings proxy715MNetIncomeLossAvailableToCommonStockholdersBasic2026-06-12
cfo1BNetCashProvidedByUsedInOperatingActivities2026-06-12
capex107MPaymentsToAcquirePropertyPlantAndEquipment2026-06-12
operatingIncome1BOperatingIncomeLoss2026-06-12
assets7.9BAssets2026-06-12
equity4BStockholdersEquity
Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income.
2026-06-12
Parent book equity proxy4BStockholdersEquity2026-06-12
debt2.4BLongTermDebt2026-06-12
shortDebt68MShortTermBorrowings2026-06-12
cash308MCashAndCashEquivalentsAtCarryingValue2026-06-12
shares466.7MWeightedAverageNumberOfDilutedSharesOutstanding2026-06-12
dividends427MPaymentsOfDividendsCommonStock2026-06-12
buybacks400MPaymentsForRepurchaseOfCommonStock2026-06-12
issuanceNot reported under a supported tag