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Brown-Forman Corp Registered Shs -B- Non Vtg BF.B Stock Quote

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Morningstar‘s Stock Analysis BF.B

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Economic Moat


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Wide-Moat Brown-Forman Swallows Input Costs, Foreign Exchange Headwinds; Long-Term Outlook Unchanged

Sean Dunlop Equity Analyst

Analyst Note

| Sean Dunlop |

We plan to lower our $78 fair value estimate on wide-moat Brown-Forman by a mid-single-digit percentage after digesting its October-ended fiscal 2023 second-quarter results, approximately in line with the decline in its shares on Dec. 7. The alcoholic beverage giant delivered 16% organic top-line growth in the quarter, but, due to tougher second-half comparisons, inflation pressuring margins, and normalizing downstream inventory levels, we expect a meaningful slowdown in second half-results.

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Key Statistics BF.B

Company Profile BF.B

Business Description

Brown-Forman is the largest U.S.-domiciled producer of distilled spirits. The firm reports only a single operating segment, and whiskey represents its primary business driver, generating roughly three quarters of sales, undergirded by the Jack Daniel’s brand as well as bourbons such as Woodford Reserve and Old Forrester. Notable nonwhiskey offerings include tequilas such as el Jimador and Herradura. The firm operates globally, with products sold in more than 170 countries, and adapts its route-to-consumer model depending on regulation as well as the prevailing competitive dynamics in a given market. For example, it sells through distributors in the U.S. but operates its own logistics apparatus in many other countries. The company remains under the control of the Brown family.

850 Dixie Highway
Louisville, KY, 40210
Industry Beverages - Wineries & Distilleries
Employees 5,200

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FAQs for Brown-Forman Corp Registered Shs -B- Non Vtg Stock

Yes. BF.B has a forward dividend yield of 1.21%. See BF.B’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

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BF.B’s market cap is 32.54 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

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BF.B’s stock style is Mid Growth.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

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BF.B’s price/sales is 7.92.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

BF.B’s price/forward earnings is 34.60.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

BF.B’s price/book is 10.74.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

See BF.B’s valuation ratios compared to the Market Index.

BF.B’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare BF.B’s historical performance against its industry peers and the overall market.