Brown-forman Corporation Stock Fair Value Calculator – Brown-Forman Corporation Reports Earnings Results for FY2024 Q1 Ending July 31, 2023
September 1, 2023
🌥️Earnings Overview
On August 30 2023, BROWN-FORMAN CORPORATION ($NYSE:BF.B) released their earnings report for FY2024 Q1, which ended on July 31 2023, revealing total revenue of USD 1038.0 million, a 3.1% increase from the same period last year. However, net income was down 7.2%, amounting to USD 231.0 million.
Price History
On Wednesday, BROWN-FORMAN CORPORATION reported its earnings results for the first quarter of its fiscal year 2024, ending July 31, 2023. The stock opened at $66.3 and closed at $66.3, a 4.0% decrease from its last closing price of $69.0. Overall, the company reported its earnings results for FY2024 Q1 in line with analyst expectations, and while there were decreases in net sales, operating income, net income, and earnings per share, the company remains optimistic about the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Brown-forman Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 4.26k | 765 | 18.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Brown-forman Corporation. More…
| Operations | Investing | Financing |
| 505 | -1.36k | 383 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Brown-forman Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 8.09k | 4.75k | 6.96 |
Key Ratios Snapshot
Some of the financial key ratios for Brown-forman Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.3% | 0.2% | 25.6% |
| FCF Margin | ROE | ROA |
| 7.2% | 20.6% | 8.4% |
Analysis – Brown-forman Corporation Stock Fair Value Calculator
At GoodWhale, we provide our users with unparalleled insights on financials of publicly traded companies like BROWN-FORMAN CORPORATION. Our proprietary Valuation Line helps us to calculate the intrinsic value of a company’s share, and in case of BROWN-FORMAN CORPORATION our analysis shows that the intrinsic value of its share is at around $78.0. On the other hand, the current market price for the company’s share is at $66.3; this implies that the stock is undervalued by 15.0%. Therefore, this presents opportunities for investors looking to enter BROWN-FORMAN CORPORATION stock. More…
Peers
In the competitive arena of alcoholic beverages and spirits, Brown-Forman Corp competes with numerous other companies like Jiangsu Yanghe Brewery JSC Ltd, Tsingtao Brewery Co Ltd, Anhui Gujing Distillery Co Ltd, among others. These companies have carved a niche in the global spirits and alcoholic beverages market, providing consumers with a wide range of options.
– Jiangsu Yanghe Brewery JSC Ltd ($SZSE:002304)
Jiangsu Yanghe Brewery JSC Ltd is a leading Chinese brewer of alcoholic beverages. The company specializes in producing beer, distilled spirits, and fruit-based drinks. Its market capitalization has grown steadily over recent years, now standing at 239.61B in 2022. This reflects the company’s continued success and resilience in the highly competitive Chinese beverage market. Additionally, Jiangsu Yanghe Brewery JSC Ltd has achieved a strong return on equity of 16.92%, outperforming many of its competitors in this regard. The company continues to focus on innovation and expansion in order to maintain its strong market position.
– Tsingtao Brewery Co Ltd ($SHSE:600600)
Tsingtao Brewery Co Ltd is a major Chinese brewery company founded in 1903. It is headquartered in Qingdao, Shandong, and is one of the world’s top five brewers. With a market cap of 120.58B as of 2022, Tsingtao Brewery Co Ltd is the largest beer producer in China. The company’s Return on Equity (ROE) of 13.11% is also impressive, providing investors with a strong return on their invested capital. Tsingtao Brewery Co Ltd produces a wide variety of beer products including its flagship lager, Tsingtao Beer. The company also produces non-alcoholic beverages such as soft drinks, teas, and juices.
– Anhui Gujing Distillery Co Ltd ($SZSE:000596)
Anhui Gujing Distillery Co Ltd is a Chinese-based spirits producer and distillery. Founded in 1858, the company has become one of the leading players in the Chinese spirit industry and is also the largest distiller of baijiu, a traditional Chinese liquor. With a market capitalization of 121.75B as of 2022 and a Return on Equity (ROE) of 14.61%, Anhui Gujing Distillery Co Ltd is a well established and successful company in its industry. The company’s success can be attributed to its long history and commitment to producing quality products. The company also has extensive distribution networks in China and other parts of the world, which allows them to capitalize on the growing demand for their products.
Summary
Brown-Forman Corporation has recently released its first-quarter results for the financial year 2024. Total revenue of USD 1038.0 million was reported, showing a 3.1% year-over-year increase.
However, net income decreased by 7.2%, standing at USD 231.0 million. This has resulted in a drop in stock price. For investors, it is important to consider the fundamental metrics of the company and evaluate the financial performance of the company across all quarters to get a better indication of the true value of the stock. Further analysis of factors such as the company’s debt and cash flow should also be studied to determine if the stock is a good investment in the long term.
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