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GENERAL MILLS INC (GIS) Stock Fundamental Analysis

NYSE:GIS - New York Stock Exchange, Inc. - US3703341046 - Common Stock - Currency: USD

51.84  -1.31 (-2.46%)

After market: 51.95 +0.11 (+0.21%)

Fundamental Rating

5

Overall GIS gets a fundamental rating of 5 out of 10. We evaluated GIS against 91 industry peers in the Food Products industry. GIS has an excellent profitability rating, but there are concerns on its financial health. GIS has a decent growth rate and is not valued too expensively. Finally GIS also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

GIS had positive earnings in the past year.
In the past year GIS had a positive cash flow from operations.
In the past 5 years GIS has always been profitable.
GIS had a positive operating cash flow in each of the past 5 years.
GIS Yearly Net Income VS EBIT VS OCF VS FCFGIS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

1.2 Ratios

GIS has a better Return On Assets (6.94%) than 80.22% of its industry peers.
Looking at the Return On Equity, with a value of 24.95%, GIS belongs to the top of the industry, outperforming 95.60% of the companies in the same industry.
GIS has a better Return On Invested Capital (10.39%) than 83.52% of its industry peers.
GIS had an Average Return On Invested Capital over the past 3 years of 10.86%. This is significantly below the industry average of 28.11%.
Industry RankSector Rank
ROA 6.94%
ROE 24.95%
ROIC 10.39%
ROA(3y)7.71%
ROA(5y)7.84%
ROE(3y)25.45%
ROE(5y)25.35%
ROIC(3y)10.86%
ROIC(5y)11.02%
GIS Yearly ROA, ROE, ROICGIS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

1.3 Margins

Looking at the Profit Margin, with a value of 11.78%, GIS belongs to the top of the industry, outperforming 91.21% of the companies in the same industry.
In the last couple of years the Profit Margin of GIS has remained more or less at the same level.
Looking at the Operating Margin, with a value of 17.24%, GIS belongs to the top of the industry, outperforming 92.31% of the companies in the same industry.
In the last couple of years the Operating Margin of GIS has remained more or less at the same level.
GIS has a Gross Margin of 34.60%. This is in the better half of the industry: GIS outperforms 76.92% of its industry peers.
GIS's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 17.24%
PM (TTM) 11.78%
GM 34.6%
OM growth 3Y-0.78%
OM growth 5Y0.01%
PM growth 3Y-6.16%
PM growth 5Y-0.98%
GM growth 3Y0.86%
GM growth 5Y-0.37%
GIS Yearly Profit, Operating, Gross MarginsGIS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

3

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), GIS is creating some value.
The number of shares outstanding for GIS has been reduced compared to 1 year ago.
The number of shares outstanding for GIS has been reduced compared to 5 years ago.
GIS has a worse debt/assets ratio than last year.
GIS Yearly Shares OutstandingGIS Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M
GIS Yearly Total Debt VS Total AssetsGIS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B

2.2 Solvency

GIS has an Altman-Z score of 2.49. This is not the best score and indicates that GIS is in the grey zone with still only limited risk for bankruptcy at the moment.
The Altman-Z score of GIS (2.49) is comparable to the rest of the industry.
GIS has a debt to FCF ratio of 6.49. This is a slightly negative value and a sign of low solvency as GIS would need 6.49 years to pay back of all of its debts.
GIS has a better Debt to FCF ratio (6.49) than 74.73% of its industry peers.
GIS has a Debt/Equity ratio of 1.45. This is a high value indicating a heavy dependency on external financing.
GIS's Debt to Equity ratio of 1.45 is on the low side compared to the rest of the industry. GIS is outperformed by 82.42% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.45
Debt/FCF 6.49
Altman-Z 2.49
ROIC/WACC1.5
WACC6.93%
GIS Yearly LT Debt VS Equity VS FCFGIS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

2.3 Liquidity

A Current Ratio of 0.67 indicates that GIS may have some problems paying its short term obligations.
GIS has a Current ratio of 0.67. This is amonst the worse of the industry: GIS underperforms 87.91% of its industry peers.
GIS has a Quick Ratio of 0.67. This is a bad value and indicates that GIS is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of GIS (0.43) is worse than 81.32% of its industry peers.
Industry RankSector Rank
Current Ratio 0.67
Quick Ratio 0.43
GIS Yearly Current Assets VS Current LiabilitesGIS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

4

3. Growth

3.1 Past

The earnings per share for GIS have decreased by -6.86% in the last year.
Measured over the past 5 years, GIS shows a small growth in Earnings Per Share. The EPS has been growing by 3.12% on average per year.
The Revenue has decreased by -1.87% in the past year.
GIS shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.03% yearly.
EPS 1Y (TTM)-6.86%
EPS 3Y2.23%
EPS 5Y3.12%
EPS Q2Q%-26.73%
Revenue 1Y (TTM)-1.87%
Revenue growth 3Y0.86%
Revenue growth 5Y2.03%
Sales Q2Q%-3.35%

3.2 Future

GIS is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.53% yearly.
The Revenue is expected to grow by 3.60% on average over the next years.
EPS Next Y-3.86%
EPS Next 2Y0.17%
EPS Next 3Y3.76%
EPS Next 5Y9.53%
Revenue Next Year-1.76%
Revenue Next 2Y-1.01%
Revenue Next 3Y-0.06%
Revenue Next 5Y3.6%

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
GIS Yearly Revenue VS EstimatesGIS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 5B 10B 15B 20B
GIS Yearly EPS VS EstimatesGIS Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2 4 6

5

4. Valuation

4.1 Price/Earnings Ratio

GIS is valuated correctly with a Price/Earnings ratio of 12.31.
72.53% of the companies in the same industry are more expensive than GIS, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 27.29. GIS is valued rather cheaply when compared to this.
GIS is valuated correctly with a Price/Forward Earnings ratio of 12.81.
Based on the Price/Forward Earnings ratio, GIS is valued a bit cheaper than 75.82% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.74. GIS is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 12.31
Fwd PE 12.81
GIS Price Earnings VS Forward Price EarningsGIS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

GIS's Enterprise Value to EBITDA is on the same level as the industry average.
79.12% of the companies in the same industry are more expensive than GIS, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 12.38
EV/EBITDA 11.01
GIS Per share dataGIS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 -20

4.3 Compensation for Growth

The decent profitability rating of GIS may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)3.94
EPS Next 2Y0.17%
EPS Next 3Y3.76%

7

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 4.59%, GIS is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 4.66, GIS pays a better dividend. On top of this GIS pays more dividend than 85.71% of the companies listed in the same industry.
GIS's Dividend Yield is rather good when compared to the S&P500 average which is at 2.37.
Industry RankSector Rank
Dividend Yield 4.59%

5.2 History

The dividend of GIS has a limited annual growth rate of 4.26%.
GIS has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)4.26%
Div Incr Years0
Div Non Decr Years0
GIS Yearly Dividends per shareGIS Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5 2 2.5

5.3 Sustainability

58.33% of the earnings are spent on dividend by GIS. This is a bit on the high side, but may be sustainable.
GIS's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP58.33%
EPS Next 2Y0.17%
EPS Next 3Y3.76%
GIS Yearly Income VS Free CF VS DividendGIS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B
GIS Dividend Payout.GIS Dividend Payout, showing the Payout Ratio.GIS Dividend Payout.PayoutRetained Earnings

GENERAL MILLS INC

NYSE:GIS (7/7/2025, 8:27:22 PM)

After market: 51.95 +0.11 (+0.21%)

51.84

-1.31 (-2.46%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryFood Products
Earnings (Last)06-25 2025-06-25/bmo
Earnings (Next)09-16 2025-09-16/bmo
Inst Owners86.44%
Inst Owner Change0.01%
Ins Owners0.24%
Ins Owner Change3.73%
Market Cap28.39B
Analysts66.15
Price Target61.41 (18.46%)
Short Float %5.14%
Short Ratio5.56
Dividend
Industry RankSector Rank
Dividend Yield 4.59%
Yearly Dividend2.43
Dividend Growth(5Y)4.26%
DP58.33%
Div Incr Years0
Div Non Decr Years0
Ex-Date07-10 2025-07-10 (0.61)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)3.21%
Min EPS beat(2)3.07%
Max EPS beat(2)3.36%
EPS beat(4)4
Avg EPS beat(4)5.08%
Min EPS beat(4)0.06%
Max EPS beat(4)13.83%
EPS beat(8)7
Avg EPS beat(8)4.84%
EPS beat(12)11
Avg EPS beat(12)4.87%
EPS beat(16)14
Avg EPS beat(16)4.93%
Revenue beat(2)0
Avg Revenue beat(2)-2.51%
Min Revenue beat(2)-3.37%
Max Revenue beat(2)-1.66%
Revenue beat(4)1
Avg Revenue beat(4)-1.03%
Min Revenue beat(4)-3.37%
Max Revenue beat(4)0.93%
Revenue beat(8)2
Avg Revenue beat(8)-1.47%
Revenue beat(12)3
Avg Revenue beat(12)-1.24%
Revenue beat(16)6
Avg Revenue beat(16)-0.48%
PT rev (1m)-3.22%
PT rev (3m)-4.2%
EPS NQ rev (1m)-15.16%
EPS NQ rev (3m)-15.16%
EPS NY rev (1m)-0.47%
EPS NY rev (3m)-1.33%
Revenue NQ rev (1m)-2.59%
Revenue NQ rev (3m)-3.04%
Revenue NY rev (1m)0.03%
Revenue NY rev (3m)-0.63%
Valuation
Industry RankSector Rank
PE 12.31
Fwd PE 12.81
P/S 1.46
P/FCF 12.38
P/OCF 9.73
P/B 3.09
P/tB N/A
EV/EBITDA 11.01
EPS(TTM)4.21
EY8.12%
EPS(NY)4.05
Fwd EY7.81%
FCF(TTM)4.19
FCFY8.08%
OCF(TTM)5.33
OCFY10.28%
SpS35.59
BVpS16.8
TBVpS-24.66
PEG (NY)N/A
PEG (5Y)3.94
Profitability
Industry RankSector Rank
ROA 6.94%
ROE 24.95%
ROCE 13.33%
ROIC 10.39%
ROICexc 10.54%
ROICexgc 95.29%
OM 17.24%
PM (TTM) 11.78%
GM 34.6%
FCFM 11.77%
ROA(3y)7.71%
ROA(5y)7.84%
ROE(3y)25.45%
ROE(5y)25.35%
ROIC(3y)10.86%
ROIC(5y)11.02%
ROICexc(3y)11.08%
ROICexc(5y)11.42%
ROICexgc(3y)120.36%
ROICexgc(5y)166.96%
ROCE(3y)13.69%
ROCE(5y)13.98%
ROICexcg growth 3Y-15.78%
ROICexcg growth 5Y-18.87%
ROICexc growth 3Y-3.26%
ROICexc growth 5Y-1.02%
OM growth 3Y-0.78%
OM growth 5Y0.01%
PM growth 3Y-6.16%
PM growth 5Y-0.98%
GM growth 3Y0.86%
GM growth 5Y-0.37%
F-Score5
Asset Turnover0.59
Health
Industry RankSector Rank
Debt/Equity 1.45
Debt/FCF 6.49
Debt/EBITDA 3.42
Cap/Depr 116.01%
Cap/Sales 3.21%
Interest Coverage 7.08
Cash Conversion 74.85%
Profit Quality 99.9%
Current Ratio 0.67
Quick Ratio 0.43
Altman-Z 2.49
F-Score5
WACC6.93%
ROIC/WACC1.5
Cap/Depr(3y)127.4%
Cap/Depr(5y)114.04%
Cap/Sales(3y)3.51%
Cap/Sales(5y)3.29%
Profit Quality(3y)93.9%
Profit Quality(5y)97.6%
High Growth Momentum
Growth
EPS 1Y (TTM)-6.86%
EPS 3Y2.23%
EPS 5Y3.12%
EPS Q2Q%-26.73%
EPS Next Y-3.86%
EPS Next 2Y0.17%
EPS Next 3Y3.76%
EPS Next 5Y9.53%
Revenue 1Y (TTM)-1.87%
Revenue growth 3Y0.86%
Revenue growth 5Y2.03%
Sales Q2Q%-3.35%
Revenue Next Year-1.76%
Revenue Next 2Y-1.01%
Revenue Next 3Y-0.06%
Revenue Next 5Y3.6%
EBIT growth 1Y-8.02%
EBIT growth 3Y0.07%
EBIT growth 5Y2.04%
EBIT Next Year12.88%
EBIT Next 3Y6.02%
EBIT Next 5Y8.91%
FCF growth 1Y-9.32%
FCF growth 3Y-5.85%
FCF growth 5Y-6.54%
OCF growth 1Y-11.64%
OCF growth 3Y-4.17%
OCF growth 5Y-4.51%