BROWN-FORMAN CORP-CLASS A (BF.A) Fundamental Analysis & Valuation

NYSE:BF.A • US1156371007

25.42 USD
-0.32 (-1.24%)
At close: Mar 9, 2026
25.33 USD
-0.09 (-0.35%)
After Hours: 3/9/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This BF.A fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

5

Overall BF.A gets a fundamental rating of 5 out of 10. We evaluated BF.A against 33 industry peers in the Beverages industry. BF.A is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. BF.A has a valuation in line with the averages, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

6

1. BF.A Profitability Analysis

1.1 Basic Checks

  • BF.A had positive earnings in the past year.
  • BF.A had a positive operating cash flow in the past year.
  • Each year in the past 5 years BF.A has been profitable.
  • BF.A had a positive operating cash flow in each of the past 5 years.
BF.A Yearly Net Income VS EBIT VS OCF VS FCFBF.A Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

1.2 Ratios

  • BF.A's Return On Assets of 9.72% is fine compared to the rest of the industry. BF.A outperforms 75.76% of its industry peers.
  • BF.A has a better Return On Equity (19.77%) than 66.67% of its industry peers.
  • BF.A has a Return On Invested Capital of 13.34%. This is in the better half of the industry: BF.A outperforms 75.76% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for BF.A is in line with the industry average of 11.84%.
Industry RankSector Rank
ROA 9.72%
ROE 19.77%
ROIC 13.34%
ROA(3y)11.12%
ROA(5y)12.07%
ROE(3y)24.95%
ROE(5y)27.89%
ROIC(3y)13.4%
ROIC(5y)14.48%
BF.A Yearly ROA, ROE, ROICBF.A Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

1.3 Margins

  • BF.A has a better Profit Margin (20.64%) than 87.88% of its industry peers.
  • In the last couple of years the Profit Margin of BF.A has declined.
  • BF.A has a better Operating Margin (30.31%) than 93.94% of its industry peers.
  • BF.A's Operating Margin has declined in the last couple of years.
  • BF.A has a Gross Margin of 59.34%. This is in the better half of the industry: BF.A outperforms 78.79% of its industry peers.
  • In the last couple of years the Gross Margin of BF.A has remained more or less at the same level.
Industry RankSector Rank
OM 30.31%
PM (TTM) 20.64%
GM 59.34%
OM growth 3Y-0.41%
OM growth 5Y-1.88%
PM growth 3Y0.86%
PM growth 5Y-2.33%
GM growth 3Y-1.02%
GM growth 5Y-1.4%
BF.A Yearly Profit, Operating, Gross MarginsBF.A Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

7

2. BF.A Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), BF.A is creating some value.
  • The number of shares outstanding for BF.A remains at a similar level compared to 1 year ago.
  • The number of shares outstanding for BF.A has been reduced compared to 5 years ago.
  • Compared to 1 year ago, BF.A has an improved debt to assets ratio.
BF.A Yearly Shares OutstandingBF.A Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M
BF.A Yearly Total Debt VS Total AssetsBF.A Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

2.2 Solvency

  • An Altman-Z score of 3.88 indicates that BF.A is not in any danger for bankruptcy at the moment.
  • BF.A has a better Altman-Z score (3.88) than 78.79% of its industry peers.
  • The Debt to FCF ratio of BF.A is 3.76, which is a good value as it means it would take BF.A, 3.76 years of fcf income to pay off all of its debts.
  • BF.A has a better Debt to FCF ratio (3.76) than 75.76% of its industry peers.
  • BF.A has a Debt/Equity ratio of 0.59. This is a neutral value indicating BF.A is somewhat dependend on debt financing.
  • BF.A has a Debt to Equity ratio (0.59) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.59
Debt/FCF 3.76
Altman-Z 3.88
ROIC/WACC1.74
WACC7.69%
BF.A Yearly LT Debt VS Equity VS FCFBF.A Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

2.3 Liquidity

  • A Current Ratio of 2.77 indicates that BF.A has no problem at all paying its short term obligations.
  • BF.A's Current ratio of 2.77 is amongst the best of the industry. BF.A outperforms 81.82% of its industry peers.
  • A Quick Ratio of 1.09 indicates that BF.A should not have too much problems paying its short term obligations.
  • BF.A has a better Quick ratio (1.09) than 72.73% of its industry peers.
Industry RankSector Rank
Current Ratio 2.77
Quick Ratio 1.09
BF.A Yearly Current Assets VS Current LiabilitesBF.A Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. BF.A Growth Analysis

3.1 Past

  • The earnings per share for BF.A have decreased strongly by -11.79% in the last year.
  • The Earnings Per Share has been decreasing by -0.35% on average over the past years.
  • BF.A shows a decrease in Revenue. In the last year, the revenue decreased by -3.34%.
  • Measured over the past years, BF.A shows a small growth in Revenue. The Revenue has been growing by 3.40% on average per year.
EPS 1Y (TTM)-11.79%
EPS 3Y-0.77%
EPS 5Y-0.35%
EPS Q2Q%34.88%
Revenue 1Y (TTM)-3.34%
Revenue growth 3Y0.35%
Revenue growth 5Y3.4%
Sales Q2Q%2.03%

3.2 Future

  • The Earnings Per Share is expected to grow by 3.70% on average over the next years.
  • Based on estimates for the next years, BF.A will show a small growth in Revenue. The Revenue will grow by 0.08% on average per year.
EPS Next Y-0.91%
EPS Next 2Y2.03%
EPS Next 3Y3.7%
EPS Next 5YN/A
Revenue Next Year-5.01%
Revenue Next 2Y-1.64%
Revenue Next 3Y0.08%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
BF.A Yearly Revenue VS EstimatesBF.A Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1B 2B 3B 4B
BF.A Yearly EPS VS EstimatesBF.A Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0.5 1 1.5 2

More info and screens

Find the best growth stocksShow best growing peers

5

4. BF.A Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 14.78, BF.A is valued correctly.
  • Based on the Price/Earnings ratio, BF.A is valued a bit cheaper than the industry average as 72.73% of the companies are valued more expensively.
  • BF.A is valuated rather cheaply when we compare the Price/Earnings ratio to 26.46, which is the current average of the S&P500 Index.
  • A Price/Forward Earnings ratio of 14.36 indicates a correct valuation of BF.A.
  • BF.A's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. BF.A is cheaper than 72.73% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 24.65, BF.A is valued a bit cheaper.
Industry RankSector Rank
PE 14.78
Fwd PE 14.36
BF.A Price Earnings VS Forward Price EarningsBF.A Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • 66.67% of the companies in the same industry are more expensive than BF.A, based on the Enterprise Value to EBITDA ratio.
  • Based on the Price/Free Cash Flow ratio, BF.A is valued a bit cheaper than 78.79% of the companies in the same industry.
Industry RankSector Rank
P/FCF 16.13
EV/EBITDA 10.98
BF.A Per share dataBF.A EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8

4.3 Compensation for Growth

  • BF.A has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y2.03%
EPS Next 3Y3.7%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. BF.A Dividend Analysis

5.1 Amount

  • BF.A has a Yearly Dividend Yield of 3.66%.
  • Compared to an average industry Dividend Yield of 1.69, BF.A pays a better dividend. On top of this BF.A pays more dividend than 87.88% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.82, BF.A pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.66%

5.2 History

  • The dividend of BF.A has a limited annual growth rate of 5.49%.
  • BF.A has paid a dividend for at least 10 years, which is a reliable track record.
  • The dividend of BF.A decreased in the last 3 years.
Dividend Growth(5Y)5.49%
Div Incr Years2
Div Non Decr Years2
BF.A Yearly Dividends per shareBF.A Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5

5.3 Sustainability

  • 53.04% of the earnings are spent on dividend by BF.A. This is a bit on the high side, but may be sustainable.
  • BF.A's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP53.04%
EPS Next 2Y2.03%
EPS Next 3Y3.7%
BF.A Yearly Income VS Free CF VS DividendBF.A Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B
BF.A Dividend Payout.BF.A Dividend Payout, showing the Payout Ratio.BF.A Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

BF.A Fundamentals: All Metrics, Ratios and Statistics

BROWN-FORMAN CORP-CLASS A

NYSE:BF.A (3/9/2026, 8:04:00 PM)

After market: 25.33 -0.09 (-0.35%)

25.42

-0.32 (-1.24%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryBeverages
Earnings (Last)03-04
Earnings (Next)06-03
Inst Owners75.82%
Inst Owner Change-0.02%
Ins Owners1.95%
Ins Owner ChangeN/A
Market Cap11.77B
Revenue(TTM)3.91B
Net Income(TTM)807.00M
Analysts53.33
Price Target32.19 (26.63%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.66%
Yearly Dividend0.89
Dividend Growth(5Y)5.49%
DP53.04%
Div Incr Years2
Div Non Decr Years2
Ex-Date03-09
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)9.89%
Min EPS beat(2)-2.83%
Max EPS beat(2)22.62%
EPS beat(4)1
Avg EPS beat(4)1.32%
Min EPS beat(4)-11.43%
Max EPS beat(4)22.62%
EPS beat(8)3
Avg EPS beat(8)3.1%
EPS beat(12)4
Avg EPS beat(12)1.05%
EPS beat(16)6
Avg EPS beat(16)-1.86%
Revenue beat(2)1
Avg Revenue beat(2)1.73%
Min Revenue beat(2)-0.38%
Max Revenue beat(2)3.83%
Revenue beat(4)1
Avg Revenue beat(4)-1.58%
Min Revenue beat(4)-9.4%
Max Revenue beat(4)3.83%
Revenue beat(8)1
Avg Revenue beat(8)-3.32%
Revenue beat(12)2
Avg Revenue beat(12)-3.21%
Revenue beat(16)5
Avg Revenue beat(16)-1.05%
PT rev (1m)-0.04%
PT rev (3m)0.95%
EPS NQ rev (1m)-0.07%
EPS NQ rev (3m)-1.34%
EPS NY rev (1m)-0.08%
EPS NY rev (3m)0.09%
Revenue NQ rev (1m)-0.1%
Revenue NQ rev (3m)-0.59%
Revenue NY rev (1m)0.03%
Revenue NY rev (3m)0.18%
Valuation
Industry RankSector Rank
PE 14.78
Fwd PE 14.36
P/S 3.01
P/FCF 16.13
P/OCF 13.68
P/B 2.88
P/tB 8.08
EV/EBITDA 10.98
EPS(TTM)1.72
EY6.77%
EPS(NY)1.77
Fwd EY6.96%
FCF(TTM)1.58
FCFY6.2%
OCF(TTM)1.86
OCFY7.31%
SpS8.44
BVpS8.81
TBVpS3.15
PEG (NY)N/A
PEG (5Y)N/A
Graham Number18.47
Profitability
Industry RankSector Rank
ROA 9.72%
ROE 19.77%
ROCE 17.5%
ROIC 13.34%
ROICexc 14.11%
ROICexgc 23.22%
OM 30.31%
PM (TTM) 20.64%
GM 59.34%
FCFM 18.67%
ROA(3y)11.12%
ROA(5y)12.07%
ROE(3y)24.95%
ROE(5y)27.89%
ROIC(3y)13.4%
ROIC(5y)14.48%
ROICexc(3y)14.25%
ROICexc(5y)16.39%
ROICexgc(3y)22.92%
ROICexgc(5y)25.06%
ROCE(3y)17.63%
ROCE(5y)18.8%
ROICexgc growth 3Y-10.76%
ROICexgc growth 5Y-5.03%
ROICexc growth 3Y-13.41%
ROICexc growth 5Y-6.6%
OM growth 3Y-0.41%
OM growth 5Y-1.88%
PM growth 3Y0.86%
PM growth 5Y-2.33%
GM growth 3Y-1.02%
GM growth 5Y-1.4%
F-Score6
Asset Turnover0.47
Health
Industry RankSector Rank
Debt/Equity 0.59
Debt/FCF 3.76
Debt/EBITDA 1.88
Cap/Depr 147.19%
Cap/Sales 3.35%
Interest Coverage 250
Cash Conversion 67.58%
Profit Quality 90.46%
Current Ratio 2.77
Quick Ratio 1.09
Altman-Z 3.88
F-Score6
WACC7.69%
ROIC/WACC1.74
Cap/Depr(3y)227.59%
Cap/Depr(5y)185.59%
Cap/Sales(3y)4.66%
Cap/Sales(5y)3.82%
Profit Quality(3y)49.63%
Profit Quality(5y)65.74%
High Growth Momentum
Growth
EPS 1Y (TTM)-11.79%
EPS 3Y-0.77%
EPS 5Y-0.35%
EPS Q2Q%34.88%
EPS Next Y-0.91%
EPS Next 2Y2.03%
EPS Next 3Y3.7%
EPS Next 5YN/A
Revenue 1Y (TTM)-3.34%
Revenue growth 3Y0.35%
Revenue growth 5Y3.4%
Sales Q2Q%2.03%
Revenue Next Year-5.01%
Revenue Next 2Y-1.64%
Revenue Next 3Y0.08%
Revenue Next 5YN/A
EBIT growth 1Y3.04%
EBIT growth 3Y-0.06%
EBIT growth 5Y1.46%
EBIT Next Year2.67%
EBIT Next 3Y3.57%
EBIT Next 5YN/A
FCF growth 1Y93.63%
FCF growth 3Y-18.93%
FCF growth 5Y-6.56%
OCF growth 1Y45.44%
OCF growth 3Y-13.87%
OCF growth 5Y-3.75%

BROWN-FORMAN CORP-CLASS A / BF.A FAQ

What is the fundamental rating for BF.A stock?

ChartMill assigns a fundamental rating of 5 / 10 to BF.A.


What is the valuation status for BF.A stock?

ChartMill assigns a valuation rating of 5 / 10 to BROWN-FORMAN CORP-CLASS A (BF.A). This can be considered as Fairly Valued.


Can you provide the profitability details for BROWN-FORMAN CORP-CLASS A?

BROWN-FORMAN CORP-CLASS A (BF.A) has a profitability rating of 6 / 10.


What is the earnings growth outlook for BROWN-FORMAN CORP-CLASS A?

The Earnings per Share (EPS) of BROWN-FORMAN CORP-CLASS A (BF.A) is expected to decline by -0.91% in the next year.


Is the dividend of BROWN-FORMAN CORP-CLASS A sustainable?

The dividend rating of BROWN-FORMAN CORP-CLASS A (BF.A) is 5 / 10 and the dividend payout ratio is 53.04%.