Brown-Forman Corporation Financial Ratios — BF-A Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	21.87	17.72	21.15	24.13	21.85	28.71	15.49	22.62	40.61	32.5	29.63	25.28	22.28	25.45	19.07
Return on Assets (%)	16.12	14.27	16.64	17.05	16.5	25.49	15.19	14.94	16.51	15.17	14.7	13	11.07	12.85	10.69
Return on Capital (%)	17.72	15.13	17.34	18.13	16.63	21.74	11.58	13.89	19.77	17.56	17.25	15.71	13.96	15.99	12.94
Return on Invested Capital (%)	21.59	19.35	22.97	23.03	22.18	23.88	21.58	20.38	22.44	20.14	17.38	17.32	15.2	13.94	13.87
Gross Margin (%)	66.67	65.92	68.62	69.48	69.66	69.41	67.5	67.8	65.16	63.25	60.5	60.79	58.99	60.46	58.94
EBITDA Margin (%)	35.23	30.74	33.31	34.14	34.4	35.74	35.67	34.24	36.58	34.64	32.25	32.62	28.55	29.54	31.55
Operating Margin (%)	33.06	28.94	31.52	32.46	32.77	33.93	33.73	32.27	34.42	32.44	30.02	30.61	26.66	27.45	29.36
Incremental Operating Margin (%)	123.93	-48.91	87.3	51.41	39.16	-46.67	40	14.96	126.32	-135.9	-53.06	34.96	-26.1	-40	-9.85
Pretax Margin (%)	32.06	27.91	30.36	31.66	31.97	48.2	31.16	30.08	31.35	30	31.23	28.32	24.05	31.07	27.19
Profit Margin (%)	22.12	18.84	20.74	22.03	21.83	34.54	22.34	22.08	25.12	24.59	26.09	21.31	18.52	24.51	21.86
Net Income to Common Margin (%)	22.08	18.84	20.74	22.03	21.83	34.54	22.34	22.08	25.12	24.59	26.09	21.31	18.52	24.51	21.86
Effective Tax Rate (%)	31	32.5	31.68	30.41	31.74	28.34	28.3	26.61	19.87	18.04	16.47	24.78	23.01	21.11	19.61
Dvd Payout Ratio (%)	56.92	37.43	179.86	35.36	37.43	24.93	40.96	107.81	37.13	39.3	37.43	99.16	48.28	39.45	48.33
Sustainable Growth Rate (%)	9.42	11.09	-16.89	15.6	13.67	21.55	9.15	-1.77	25.54	19.72	18.54	0.21	11.52	15.41	9.85

Credit (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	759	510	1,002	1,005	1,183	1,501	2,149	2,556	2,493	2,602	2,559	2,269	2,913	3,100	2,733
ST Debt	255	7	5	8	440	271	460	215	166	333	205	250	235	728	312
LT Debt	504	503	997	997	743	1,230	1,689	2,341	2,327	2,269	2,354	2,019	2,678	2,372	2,421
Total Debt/EBITDA	0.83	0.61	1.06	0.98	1.1	1.36	2.01	2.3	2.05	2.23	2.29	1.77	2.41	2.51	2.18
Net Debt/EBITDA	0.21	0.21	0.84	0.56	0.75	1.12	1.84	2.08	1.75	1.65	1.26	1.09	2.1	2.15	1.83
Total Debt/EBIT	0.89	0.65	1.12	1.04	1.15	1.43	2.13	2.44	2.18	2.38	2.46	1.88	2.58	2.7	2.34
Net Debt/EBIT	0.22	0.22	0.89	0.58	0.79	1.18	1.95	2.21	1.86	1.77	1.36	1.16	2.25	2.31	1.96
EBITDA to Interest Expense	31.41	27	26.36	39.27	39.93	24	18.1	16.35	13.82	14.21	13.78	15.65	13.41	9.72	10.28
EBITDA-CapEx/Interest Expense	30.03	24.9	23.69	34.38	35.33	21.65	16.2	14.47	12.44	12.76	12.98	13.96	11.38	7.92	8.91
EBIT to Interest Expense	29.48	25.42	24.94	37.35	38.04	22.78	17.12	15.41	13	13.3	12.83	14.68	12.52	9.03	9.57
Interest Expense	29	31	36	26	27	46	59	68	88	82	81	82	90	127	122
Common Equity/Total Assets	73.65	87.86	69.88	71.36	79.61	97.99	98.12	36.21	44.95	48.21	50.83	52	47.77	53.06	59.14
Long-Term Debt/Equity (%)	24.47	24.31	61.24	49.06	39	78.75	123.28	177.89	141.29	114.89	88.63	73.77	81.95	67.44	60.63
Long-Term Debt/Capital (%)	14.43	14.11	28.2	25.35	16.45	21.96	25.26	53.72	48.45	42.16	40.07	36.16	40.4	31.91	32.22
Long-Term Debt/Total Assets (%)	13.58	14.47	27.5	24.3	17.74	29.4	36.52	47.05	45.28	39.35	36.09	31.68	34.43	29.05	29.94
Total Debt/Equity (%)	36.84	24.65	61.55	49.46	62.1	96.09	156.86	194.22	151.37	131.75	96.35	82.9	89.14	88.14	68.44
Total Debt/Capital (%)	21.73	14.31	28.34	25.55	26.19	26.8	32.14	58.65	51.91	48.35	43.56	40.64	43.95	41.71	36.37
Total Debt/Total Assets (%)	20.45	14.67	27.63	24.49	28.25	35.88	46.46	51.37	48.51	45.13	39.24	35.6	37.46	37.96	33.8
Net Debt to Equity	9.32	8.31	49.02	27.95	42.68	79.26	143.58	176.06	129.51	97.57	53.05	51.19	77.69	75.46	57.33
Net Debt/Capital (%)	6.56	5.33	23.95	16.25	19.6	23.2	30.24	56.25	47.44	40.94	29.83	29.71	40.6	37.98	32.37
EBITDA	911	837	949	1,021	1,078	1,104	1,068	1,112	1,216	1,165	1,116	1,283	1,207	1,234	1,254
EBITDA-CapEx	871	772	853	894	954	996	956	984	1,095	1,046	1,051	1,145	1,024	1,006	1,087
Operating Income (Loss)	855	788	898	971	1,027	1,048	1,010	1,048	1,144	1,091	1,039	1,204	1,127	1,147	1,167

Liquidity (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	0.8	0.84	0.43	0.78	0.39	0.33	0.19	0.29	0.44	0.77	1.25	0.84	0.35	0.29	0.41
Current Ratio	2.79	4.33	3.85	3.88	2.35	2.82	2.42	3.11	3.87	3.71	4.27	3.65	3.51	2.59	3.88
Quick Ratio	1.5	2.01	1.59	1.79	0.99	1.04	0.76	1.07	1.3	1.41	2.07	1.63	1.13	0.78	1.18
CFO/Avg Current Liab	0.84	0.93	1.22	1.26	0.8	0.6	0.75	0.73	1.05	0.91	0.91	0.96	0.6	0.49	0.45
Common Equity/Total Assets	73.65	87.86	69.88	71.36	79.61	97.99	98.12	36.21	44.95	48.21	50.83	52	47.77	53.06	59.14
Long-Term Debt/Equity (%)	24.47	24.31	61.24	49.06	39	78.75	123.28	177.89	141.29	114.89	88.63	73.77	81.95	67.44	60.63
Long-Term Debt/Capital (%)	14.43	14.11	28.2	25.35	16.45	21.96	25.26	53.72	48.45	42.16	40.07	36.16	40.4	31.91	32.22
Long-Term Debt/Total Assets (%)	13.58	14.47	27.5	24.3	17.74	29.4	36.52	47.05	45.28	39.35	36.09	31.68	34.43	29.05	29.94
Total Debt/Equity (%)	36.84	24.65	61.55	49.46	62.1	96.09	156.86	194.22	151.37	131.75	96.35	82.9	89.14	88.14	68.44
Total Debt/Capital (%)	21.73	14.31	28.34	25.55	26.19	26.8	32.14	58.65	51.91	48.35	43.56	40.64	43.95	41.71	36.37
Total Debt/Total Assets (%)	20.45	14.67	27.63	24.49	28.25	35.88	46.46	51.37	48.51	45.13	39.24	35.6	37.46	37.96	33.8
CFO/Total Liabilities	31.9	36.65	26.88	31.34	26.63	19.99	20.15	17.84	22.91	19.1	21.13	25.74	14.19	13.92	14.61
CFO/CapEx	13.18	7.94	5.59	5.11	4.9	4.85	5.86	5.1	6.61	6.08	12.57	6.78	3.5	2.84	3.58
Altman's Z-Score	8.34	10.53	9.43	10.15	9.68	9.73	8.03	7.37	7.69	7.4	8.26	8.06	7.36	5.97	5.64

Working Capital (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	5.66	5.61	5.57	5.36	5.44	5.41	5.37	5.43	5.33	5.7	5.23	5.02	5.07	5.15	4.97
Days Sales Outstanding	64.5	65.08	65.53	68.16	67.08	67.47	68.03	67.2	68.52	63.98	69.76	72.67	72	70.94	73.41
Inventory Turnover	1.33	1.37	1.16	1.07	1.04	0.94	0.84	0.79	0.8	0.77	0.8	0.86	0.85	0.68	0.64
Days Inventory Outstanding	274.81	267.26	314.17	341.61	352.14	387.6	435.9	462.18	456.88	473.23	458.72	422.4	431.62	534.57	566.62
Accounts Payable Turnover	7.7	8.07	7.98	7.25	7.95	8.57	9.22	7.94	8.55	9.97	9.46	8.25	8.36	6.7	6.22
Accounts Payable Turnover Days	47.43	45.21	45.76	50.34	45.89	42.57	39.6	45.98	42.71	36.6	38.59	44.24	43.65	54.51	58.65
Cash Conversion Cycle	291.88	287.13	333.94	359.43	373.33	412.49	464.32	483.4	482.69	500.61	489.89	450.83	459.97	551	581.39
Inventory to Cash Days	-210.31	-202.18	-248.64	-273.46	-285.06	-320.13	-367.87	-394.98	-388.36	-409.25	-388.96	-349.74	-359.62	-463.64	-493.21
Inventories	647	712	827	882	953	1,054	1,270	1,379	1,520	1,685	1,751	1,818	2,283	2,556	2,511
Raw Materials	377	50	57	47	61	85	92	90	85	101	128	126	191	218	90
Work In Process	120	115	137	144	121	116	119	117	152	172	199	225	321	396	378
Finished Goods	150	547	633	691	771	853	1,059	1,172	1,283	1,412	1,424	1,467	1,771	1,942	2,043
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	10,746	12,743	15,869	20,038	20,577	22,170	19,623	25,635	25,049	27,099	34,143	29,892	31,567	23,377	16,359
- Cash & Cash Equivalents	567	338	204	437	370	263	182	239	307	675	1,150	868	374	446	444
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	759	510	1,002	1,005	1,183	1,501	2,149	2,556	2,493	2,602	2,559	2,269	2,913	3,100	2,733
Enterprise Value	10,938	12,915	16,667	20,606	21,390	23,408	21,590	27,952	27,235	29,026	35,552	31,293	34,106	26,031	18,648
Total Capital	3,493	3,565	3,536	3,933	4,517	5,600	6,687	4,358	4,803	5,382	5,874	5,583	6,628	7,433	7,515
Total Debt/Capital (%)	21.73	14.31	28.34	25.55	26.19	26.8	32.14	58.65	51.91	48.35	43.56	40.64	43.95	41.71	36.37
Total Debt / EV	0.07	0.04	0.06	0.05	0.06	0.06	0.1	0.09	0.09	0.09	0.07	0.07	0.09	0.12	0.15
EV/Sales	4.23	4.74	5.85	6.89	6.83	7.58	7.21	8.61	8.19	8.63	10.27	7.96	8.07	6.23	4.69
EV/EBITDA	12.01	15.43	17.56	20.18	19.84	21.2	20.22	25.14	22.4	24.91	31.86	24.39	28.26	21.09	14.87
EV/EBIT	12.79	16.39	18.56	21.22	20.83	22.34	21.38	26.67	23.81	26.6	34.22	25.99	30.26	22.69	15.98
EV/Cash Flow to Firm	20	24.05	29.68	30.89	34.15	42.03	30.92	39.77	31.29	36.69	40.19	31.37	48.08	34.84	26.79
EV/Free Cash Flow to Firm	18.63	21.46	25.35	25.95	28.5	35.2	26.64	33.64	27.47	31.89	37.44	27.55	38.22	26.69	21.61
Diluted Market Cap	10,813	12,835	15,990	20,191	20,722	22,312	19,762	25,844	25,212	27,249	34,296	29,997	31,653	23,417	16,369
Diluted Enterprise Value	11,005	13,007	16,788	20,759	21,535	23,550	21,729	28,161	27,398	29,176	35,705	31,398	34,192	26,071	18,658
EV per Share	20.03	24.08	31.25	38.61	40.44	46.13	44.55	58.19	56.86	60.75	74.29	65.35	71.18	54.64	39.45
TTM Sales	2,586	2,723	2,849	2,991	3,134	3,089	2,994	3,248	3,324	3,363	3,461	3,933	4,228	4,178	3,975
TTM EBITDA	911	837	949	1,021	1,078	1,104	1,068	1,112	1,216	1,165	1,116	1,283	1,207	1,234	1,254
TTM Operating Income	855	788	898	971	1,027	1,048	1,010	1,048	1,144	1,091	1,039	1,204	1,127	1,147	1,167
TTM Cash Flow to Firm	547	537	562	667	626	557	698	703	871	791	885	998	709	747	696
TTM Free Cash Flow to Firm	587	602	658	794	750	665	810	831	992	910	950	1,136	892	975	863

Multiples (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	19.07	22.09	25.26	26.02	28.31	35.3	25.73	33.09	27.37	32.32	38.88	27.93	38.46	26.76	21.4
EV/EBIT	12.79	16.39	18.56	21.22	20.83	22.34	21.38	26.67	23.81	26.6	34.22	25.99	30.26	22.69	15.98
Enterprise Value	10,938	12,915	16,667	20,606	21,390	23,408	21,590	27,952	27,235	29,026	35,552	31,293	34,106	26,031	18,648
Low Price	15.34	14.04	22.86	27.58	34.28	38.97	38.06	40.16	44.42	41.03	54.29	57.92	56.97	48.92	30.82
EV/Sales	4.23	4.74	5.85	6.89	6.83	7.58	7.21	8.61	8.19	8.63	10.27	7.96	8.07	6.23	4.69
EV/EBITDA	12.01	15.43	17.56	20.18	19.84	21.2	20.22	25.14	22.4	24.91	31.86	24.39	28.26	21.09	14.87
Price/Earnings	18.82	24.84	26.85	30.41	30.08	20.78	29.33	35.75	30	32.77	37.81	35.67	40.32	22.83	18.82
Price/Earnings Average	17.21	21.72	24.14	25.58	29.55	21.77	30.19	32.87	28.87	33.57	35.5	37.82	41.12	28.43	22.32
Price/Earnings High	19.7	25.09	28.3	31.05	31.92	24.63	33.76	38.99	33.1	39.37	43.99	43.52	46.88	33.8	27.36
Price/Earnings Low	14.67	14.68	20.63	22.33	26.51	18.53	27.57	26.9	25.48	23.7	28.77	33.1	34.86	22.76	16.76
Price/Book Value	3.93	4.17	6.26	6.84	6.17	5.41	4.32	14.23	10.84	9.75	10.3	9.02	8.5	5.4	3.42
Price/Book Value Average	3.59	3.65	5.63	5.76	6.06	5.67	4.45	13.08	10.43	9.99	9.67	9.56	8.67	6.72	4.06
Price/Book Value High	4.11	4.21	6.6	6.99	6.55	6.41	4.98	15.51	11.96	11.71	11.98	11	9.88	7.99	4.97
Price/Book Value Low	3.06	2.46	4.81	5.03	5.44	4.82	4.06	10.7	9.21	7.05	7.84	8.37	7.35	5.38	3.05
Price/Tangible Book Value	14.05	16.25	46.27	27.26	29.95	58.81	-817.62	-219.1	100.6	46.4	28.43	21.5	48.79	21.81	10.86
Price/Tangible Book Value Average	12.85	14.21	41.59	22.94	29.42	61.6	-841.49	-201.44	96.8	47.54	26.69	22.8	49.76	27.16	12.87
Price/Tangible Book Value High	14.7	16.42	48.75	27.84	31.79	69.71	-941	-238.93	110.99	55.75	33.07	26.23	56.73	32.29	15.78
Price/Tangible Book Value Low	10.95	9.6	35.55	20.02	26.4	52.45	-768.55	-164.87	85.44	33.57	21.63	19.95	42.19	21.74	9.67
Price/Sales	4.16	4.68	5.57	6.7	6.57	7.18	6.55	7.89	7.54	8.06	9.87	7.6	7.47	5.6	4.12
Price/Sales Average	3.8	4.09	5.01	5.64	6.45	7.52	6.75	7.26	7.25	8.25	9.26	8.06	7.62	6.97	4.88
Price/Sales High	4.35	4.73	5.87	6.84	6.97	8.51	7.54	8.61	8.31	9.68	11.48	9.27	8.68	8.28	5.98
Price/Sales Low	3.24	2.77	4.28	4.92	5.79	6.4	6.16	5.94	6.4	5.83	7.51	7.05	6.46	5.58	3.66
Price/Cash Flow	20.39	24.7	29.55	30.88	33.84	42.31	29.91	39.26	31.31	37.43	41.79	31.94	49.32	36.13	27.36
Price/Cash Flow Average	18.65	21.59	26.56	25.98	33.24	44.32	30.79	36.09	30.13	38.34	39.24	33.86	50.31	44.99	32.43
Price/Cash Flow High	21.34	24.95	31.14	31.52	35.92	50.15	34.43	42.81	34.54	44.97	48.62	38.96	57.35	53.49	39.76
Price/Cash Flow Low	15.89	14.59	22.71	22.68	29.82	37.74	28.12	29.54	26.59	27.08	31.8	29.63	42.65	36.02	24.36
Price/Free Cash Flow Average	17.44	19.32	22.71	21.89	27.81	36.98	26.48	30.42	26.34	33.11	36.51	29.61	39.23	33.33	25.37
Price/Free Cash Flow High	19.96	22.31	26.62	26.57	30.04	41.85	29.62	36.09	30.2	38.84	45.24	34.07	44.72	39.62	31.1
Price/Free Cash Flow Low	14.86	13.05	19.41	19.11	24.95	31.49	24.19	24.9	23.25	23.38	29.59	25.92	33.26	26.68	19.05
EV/Sales Average	3.87	4.15	5.29	5.83	6.71	7.92	7.4	7.97	7.91	8.83	9.67	8.41	8.22	7.6	5.46
EV/Sales High	4.42	4.79	6.15	7.03	7.23	8.91	8.2	9.32	8.97	10.25	11.88	9.63	9.28	8.92	6.56
EV/Sales Low	3.31	2.83	4.56	5.11	6.05	6.8	6.82	6.65	7.06	6.4	7.91	7.41	7.06	6.21	4.24
EV/EBITDA Average	11	13.52	15.87	17.07	19.5	22.16	20.75	23.28	21.62	25.48	29.99	25.79	28.78	25.74	17.29
EV/EBITDA High	12.56	15.58	18.46	20.6	21.01	24.93	22.99	27.22	24.52	29.6	36.86	29.51	32.51	30.2	20.79
EV/EBITDA Low	9.4	9.2	13.69	14.97	17.58	19.03	19.11	19.43	19.29	18.48	24.54	22.71	24.72	21.04	13.44
EV/EBIT Average	11.72	14.36	16.77	17.95	20.47	23.34	21.94	24.7	22.98	27.21	32.21	27.49	30.82	27.69	18.58
EV/EBIT High	13.38	16.55	19.51	21.66	22.05	26.26	24.31	28.89	26.07	31.61	39.59	31.45	34.82	32.49	22.34
EV/EBIT Low	10.02	9.77	14.47	15.74	18.45	20.05	20.21	20.62	20.51	19.73	26.36	24.2	26.47	22.63	14.44
Last Price	19.68	23.76	29.75	37.55	38.9	43.69	40.49	53.37	52.3	56.72	71.35	62.42	65.88	49.07	34.61
High Price	20.6	24	31.35	38.34	41.28	51.79	46.6	58.2	57.7	68.15	83.01	76.15	76.6	72.65	50.31
Enterprise Value Average	10,019	11,314	15,063	17,426	21,026	24,463	22,163	25,886	26,289	29,688	33,469	33,093	34,735	31,765	21,684
Enterprise Value High	11,440	13,044	17,521	21,028	22,649	27,518	24,551	30,272	29,822	34,487	41,132	37,868	39,242	37,264	26,068
Enterprise Value Low	8,568	7,702	12,992	15,286	18,947	21,013	20,412	21,607	23,461	21,530	27,388	29,138	29,836	25,959	16,856

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	544	533	534	534	522	494	480	481	477	478	479	479	479	473	472
Diluted Weighted Avg Shares	549	540	537	538	533	511	488	484	482	480	481	481	480	477	473
Basic Weighted Avg Shares	546	536	533	534	529	507	485	480	479	478	479	479	479	476	473
Revenue per Share	4.74	5.08	5.34	5.6	5.92	6.09	6.18	6.76	6.94	7.04	7.23	8.21	8.82	8.77	8.41
EBITDA per Share	1.67	1.56	1.78	1.91	2.04	2.18	2.2	2.32	2.54	2.44	2.33	2.68	2.52	2.59	2.65
Operating Income per Share	1.57	1.47	1.68	1.82	1.94	2.07	2.08	2.18	2.39	2.28	2.17	2.51	2.35	2.41	2.47
Basic EPS, GAAP	1.05	0.96	1.11	1.23	1.29	2.1	1.38	1.49	1.74	1.73	1.89	1.75	1.63	2.15	1.84
Basic EPS from Cont Ops	1.05	0.96	1.11	1.23	1.29	2.1	1.38	1.49	1.74	1.73	1.89	1.75	1.63	2.15	1.84
Diluted EPS, GAAP	1.04	0.95	1.1	1.23	1.28	2.09	1.37	1.48	1.73	1.72	1.88	1.74	1.63	2.15	1.84
Diluted EPS from Cont Ops	1.04	0.95	1.1	1.23	1.28	2.09	1.37	1.48	1.73	1.72	1.88	1.74	1.63	2.15	1.84
Dividend per Share	0.6	0.36	1.99	0.44	0.48	0.52	0.57	1.61	0.65	0.68	0.71	1.74	0.79	0.85	0.89
Cash Flow per Share	0.97	0.96	1.01	1.22	1.15	1.03	1.35	1.36	1.67	1.52	1.71	1.95	1.34	1.36	1.27
Free Cash Flow per Basic Share	0.89	0.84	0.83	0.98	0.91	0.82	1.12	1.09	1.42	1.27	1.57	1.67	0.95	0.88	0.91
Cash & Equivalents per Share	1.04	0.63	0.38	0.82	0.7	0.52	0.38	0.5	0.64	1.41	2.4	1.81	0.78	0.94	0.94
Book Value per Share	5.01	5.7	4.75	5.49	6.3	8.08	9.36	3.75	4.82	5.82	6.93	6.92	7.75	9.1	10.12
Tangible Book Value per Share	1.4	1.46	0.64	1.38	1.3	0.74	-0.05	-0.24	0.52	1.22	2.51	2.9	1.35	2.25	3.19

Brown-Forman Corporation

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)