Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Brown-Forman Corporation (BF-A)

Company Dividend Discount ModelIndustry: Beverages - Wineries & DistilleriesSector: Consumer Defensive

Valuation Snapshot

Stable Growth$18.23 - $29.15$23.18
Multi-Stage$24.00 - $26.25$25.10
Blended Fair Value$24.14
Current Price$27.23
Upside-11.35%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS5.26%5.08%0.890.850.801.760.710.690.661.630.580.56
YoY Growth--3.96%6.88%-54.51%145.86%4.00%4.84%-59.90%182.12%3.01%3.91%
Dividend Yield--3.08%1.89%1.13%2.35%1.01%0.99%1.20%3.07%1.47%1.44%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)810.00
(-) Cash Dividends Paid (M)428.00
(=) Cash Retained (M)382.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)162.00101.2560.75
Cash Retained (M)382.00382.00382.00
(-) Cash Required (M)-162.00-101.25-60.75
(=) Excess Retained (M)220.00280.75321.25
(/) Shares Outstanding (M)472.84472.84472.84
(=) Excess Retained per Share0.470.590.68
LTM Dividend per Share0.910.910.91
(+) Excess Retained per Share0.470.590.68
(=) Adjusted Dividend1.371.501.58
WACC / Discount Rate9.02%9.02%9.02%
Growth Rate1.40%2.40%3.40%
Fair Value$18.23$23.18$29.15
Upside / Downside-33.04%-14.87%7.04%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)810.00829.44849.35869.74890.62911.99939.35
Payout Ratio52.84%60.27%67.70%75.14%82.57%90.00%92.50%
Projected Dividends (M)428.00499.92575.04653.49735.36820.80868.90

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.02%9.02%9.02%
Growth Rate1.40%2.40%3.40%
Year 1 PV (M)454.07458.55463.03
Year 2 PV (M)474.40483.81493.30
Year 3 PV (M)489.68504.31519.23
Year 4 PV (M)500.49520.53541.16
Year 5 PV (M)507.41532.92559.46
PV of Terminal Value (M)8,919.799,368.389,834.84
Equity Value (M)11,345.8411,868.5012,411.02
Shares Outstanding (M)472.84472.84472.84
Fair Value$24.00$25.10$26.25
Upside / Downside-11.88%-7.82%-3.61%

High-Yield Dividend Screener

« Prev Page 128 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
STVG.LSTV Group plc0.20%$0.2285.00%
000993.SZFujian Mindong Electric Power Limited Company0.19%$0.024.94%
002392.SZBeijing Lier High-temperature Materials Co.,Ltd.0.19%$0.014.71%
0975.HKMongolian Mining Corporation0.19%$0.026.64%
300079.SZSumavision Technologies Co.,Ltd.0.19%$0.0153.51%
300353.SZKyland Technology Co., Ltd.0.19%$0.0458.28%
300576.SZShenzhen RongDa Photosensitive Science & Technology Co., Ltd.0.19%$0.0723.64%
300805.SZGuangdong Brandmax Marketing Co.,Ltd.0.19%$0.0220.44%
300913.SZZhejiang Zhaolong Interconnect Technology Co., Limited0.19%$0.1015.47%
600530.SSShanghai Jiaoda Onlly Co.,Ltd0.19%$0.0137.87%
600619.SSShanghai Highly (Group) Co., Ltd.0.19%$0.0492.50%
600825.SSShanghai Xinhua Media Co., Ltd.0.19%$0.0128.97%
601007.SSJinling Hotel Corporation, Ltd.0.19%$0.0118.36%
603869.SSENC Digital Technology Co., Ltd0.19%$0.0226.36%
603966.SSEurocrane (China) Co., Ltd.0.19%$0.023.95%
688305.SSKEDE Numerical Control Co., Ltd.0.19%$0.1212.52%
DOL.TODollarama Inc.0.19%$0.388.45%
GAZT.MEPublic Joint-Stock Company GAZ-Tek0.19%$3.3594.82%
LAHOTIOV.BOLahoti Overseas Limited0.19%$0.102.87%
PRIMEFRESH.BOPrime Fresh Ltd.0.19%$0.483.62%
QRS.WAQuercus TFI S.A.0.19%$0.022.03%
SUPERSHAKT.BOSupershakti Metaliks Limited0.19%$0.501.85%
VTAS.LVolta Finance Limited0.19%$1.1142.95%
WGX.AXWestgold Resources Limited0.19%$0.018.20%
000570.SZChangchai Company, Limited0.18%$0.0142.48%
000831.SZChina Minmetals Rare Earth Co., Ltd.0.18%$0.0880.93%
000888.SZEmei Shan Tourism Co.,Ltd0.18%$0.025.59%
001202.SZGuangdong Jushen Logistics Co., Ltd.0.18%$0.036.34%
002148.SZBeijing Bewinner Communications Co., Ltd.0.18%$0.0272.36%
002933.SZBeijing Emerging Eastern Aviation Equipment Co., Ltd.0.18%$0.0724.64%
058610.KQSPG Co., Ltd.0.18%$150.4527.80%
300069.SZJinlihua Electric Co., Ltd.0.18%$0.0315.98%
301209.SZLongkou Union Chemical Co., Ltd.0.18%$0.2037.48%
3450.TWElite Advanced Laser Corporation0.18%$0.509.12%
600230.SSCangzhou Dahua Co., Ltd.0.18%$0.0321.03%
600620.SSShanghai Tianchen Co.,Ltd0.18%$0.0112.62%
603200.SSShanghai Emperor of Cleaning Hi-Tech Co., Ltd0.18%$0.1320.05%
603268.SSGuangdong Songfa Ceramics Co.,Ltd.0.18%$0.1510.52%
603306.SSHMT (Xiamen) New Technical Materials Co., Ltd0.18%$0.1113.64%
603960.SSShanghai Kelai Mechatronics Engineering Co.,Ltd.0.18%$0.0421.20%
603988.SSSEC Electric Machinery Co., Ltd.0.18%$0.0423.72%
605133.SSJiangsu Rongtai Industry Co., Ltd.0.18%$0.069.33%
6067.TImpact HD Inc.0.18%$8.2552.45%
688268.SSGuangdong Huate Gas Co., Ltd0.18%$0.107.26%
CENTURYTEX.BOCentury Textiles and Industries Limited0.18%$4.9657.21%
CMH.JOCombined Motor Holdings Limited0.18%$6.3570.53%
FIGE3.SAInvestimentos Bemge S.A.0.18%$0.040.86%
FLOT.MEPAO Sovcomflot0.18%$0.1413.00%
JARR.JKPT Jhonlin Agro Raya Tbk0.18%$5.6515.65%
MAREL.ASMarel hf.0.18%$0.0154.66%