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Brown-Forman: Expectation Remains High At 31x Forward P/E

Sep. 04, 2023 7:33 AM ETBrown-Forman Corporation (BF.B)


  • Brown-Forman's valuation remains high, reinforcing my hold rating.
  • Recent results showed challenges related to distributor inventory comparisons, but core performance remains strong.
  • Any further misses in consensus estimates could result in a significant decrease in the stock price (just like what happened after the 1Q24 results).

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Serhii Hryshchyshen/iStock via Getty Images


My recommendation for Brown-Forman (NYSE:BF.B) is a hold rating as the valuation continues to stay above its historical trading range. Moreover, the share price reaction of the stock after the 1Q24 results is a good

This article was written by

Data scientist turned investment analyst focusing on high tech, high growth companies

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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