Company Valuation: Brown-Forman Corporation

Data adjusted to current consolidation scope
Fiscal Period: April 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 35,681 31,453 31,327 22,817 16,429 12,263 - -
Change - -11.85% -0.4% -27.17% -28% -25.36% - -
Enterprise Value (EV) 1 37,090 32,854 33,866 25,471 18,718 14,349 14,181 14,122
Change - -11.42% 3.08% -24.79% -26.51% -23.34% -1.17% -0.42%
P/E ratio 40.6x 38.8x 39.9x 22.4x 18.9x 16.2x 15.3x 14.1x
PBR 14.1x 11.8x 9.57x 6.49x 4.13x 2.97x 2.74x 2.55x
PEG - -5.21x -6.31x 0.7x -1.3x -1.4x 2.65x 1.67x
Capitalization / Revenue 10.3x 8x 7.41x 5.46x 4.13x 3.19x 3.14x 3.02x
EV / Revenue 10.7x 8.35x 8.01x 6.1x 4.71x 3.73x 3.63x 3.48x
EV / EBITDA 33.2x 25.6x 28.1x 17x 15.7x 12.1x 11.6x 11.1x
EV / EBIT 31.8x 27.3x 30.1x 18x 16.9x 13.2x 12.7x 12x
EV / FCF 49.1x 41.2x 74.1x 60.8x 43.4x 20x 19.8x 18.7x
FCF Yield 2.04% 2.43% 1.35% 1.65% 2.3% 5% 5.06% 5.35%
Dividend per Share 2 0.7076 1.736 0.788 0.8466 0.8886 0.9261 0.9723 1.029
Rate of return 0.93% 2.57% 1.21% 1.77% 2.55% 3.51% 3.69% 3.91%
EPS 2 1.88 1.74 1.63 2.14 1.84 1.631 1.725 1.871
Distribution rate 37.6% 99.8% 48.3% 39.6% 48.3% 56.8% 56.4% 55%
Net sales 1 3,461 3,933 4,228 4,178 3,975 3,846 3,910 4,064
EBITDA 1 1,116 1,283 1,207 1,501 1,194 1,188 1,218 1,276
EBIT 1 1,166 1,204 1,127 1,414 1,107 1,088 1,115 1,180
Net income 1 903 838 783 1,024 869 767.3 802.5 856.6
Net Debt 1 1,409 1,401 2,539 2,654 2,289 2,086 1,918 1,859
Reference price 2 76.28 67.44 65.09 47.85 34.84 26.35 26.35 26.35
Nbr of stocks (in thousands) 4,78,695 4,78,971 4,79,241 4,72,524 4,72,669 4,63,209 - -
Announcement Date 09/06/21 08/06/22 07/06/23 05/06/24 05/06/25 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.32x3.76x12.17x3.48% 1.24TCr
13.76x3.59x11.06x4.61% 5.01TCr
12.71x2.93x9.81x6.3% 2.19TCr
10.32x1.29x7.9x5.36% 899.47Cr
40.82x4.76x25.41x1.21% 425.22Cr
67.66x6.35x40.79x0.21% 420.68Cr
24.53x3.05x13.53x2.82% 252.58Cr
52.03x3.65x27.92x0.93% 150.9Cr
45.51x - - 2.21% 143.3Cr
Average 31.52x 3.67x 18.57x 3.01% 1.19TCr
Weighted average by Cap. 17.95x 3.42x 12.72x 4.45%
See all sector valuations

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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