BROWN FORMAN CORP (BF-B)
Beverages
Latest Price
$26.18
TTM P/E
16.89
Normalized P/E
14.77
Div Yield
--
Book Value
8.65
P/B Ratio
3.03
Valuation metrics
adjust assumptions →EPS: $1.53
Book value / share: $8.50
Formula: √(22.5 × EPS × BVPS)
Graham Number
$17.11
35% downside
Norm. op. income: $1.1B (median of 7yr)
Tax rate: 20%
Discount rate: 10%
Growth assumption: zero (EPV is a no-growth value)
Earnings Power Value
$14.53
45% downside
Base FCF: $457M (median of recent 5yr)
Growth: 4%/yr (median YOY, capped at 25%)
Discount rate: 10%
Terminal growth: 3%
Projection horizon: 10 years
DCF Fair Value
$10.99
58% downside
EPS: $1.53
Target P/E: 15×
Formula: EPS × P/E
P/E Fair Value
$22.95
12% downside