BF-A  Brown Forman Corporation

Excellent Cash Return on Invested Capital over the past 5 years

BF-A has efficiently invested its financial resources in buildings, projects, and equipment, resulting in strong returns. Annual Reports can be useful in identifying the cause of one-time events and future sustainability.

BF-A has created $20.03 of cash for every $100 invested.
Figures in USD. Fiscal year ends in April
20082009201020112012
Free Cash Flow 468.00M 486.00M 542.00M 524.00M 448.00M
divided by
Invested Capital 2.30B 2.30B 2.61B 2.44B 2.74B
Cash ROIC 20.33% 21.14% 20.81% 21.49% 16.38%

Excellent Return on Equity over the past 5 years

Over the past 5 years, BF-A has generated strong profits with money shareholders have invested. This is considered one of the best indicators of quality management. Beware of extremely high Return on Equity (> 50%) as this is often unsustainable.

BF-A has generated $25.14 of Earnings for every $100 of Shareholders' Equity.
Figures in USD. Fiscal year ends in April
20082009201020112012
Net Income 440.00M 435.00M 449.00M 572.00M 513.00M
divided by
Stockholders' Equity 1.73B 1.82B 1.90B 2.06B 2.07B
Return on Equity 25.51% 23.95% 23.69% 27.77% 24.79%

Excellent Business Performance over the past 10 years

BF-A has been able to maintain profitability in good times and bad. This could mean BF-A has an extremely strong business or has the ability to scale down costs when needed. This should be a fairly resilient business, but double check for future sustainability by looking at its Risk Factors in the Annual Report.

BF-A has created positive free cash flow for 9 or more of the past 10 years.
Figures in USD. Fiscal year ends in April
2003200420052006200720082009201020112012
Free Cash Flow 116.00M 250.00M 347.00M 291.00M 263.00M 468.00M 486.00M 542.00M 524.00M 448.00M