GENERAL MILLS INC (GRM.DE) Stock Fundamental Analysis

Europe • Frankfurt Stock Exchange • FRA:GRM • US3703341046

40.72 EUR
+0.1 (+0.25%)
Last: Feb 6, 2026, 07:00 PM
Fundamental Rating

4

Overall GRM gets a fundamental rating of 4 out of 10. We evaluated GRM against 67 industry peers in the Food Products industry. GRM scores excellent on profitability, but there are concerns on its financial health. GRM has a valuation in line with the averages, but it does not seem to be growing. Finally GRM also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

  • In the past year GRM was profitable.
  • GRM had a positive operating cash flow in the past year.
  • Each year in the past 5 years GRM has been profitable.
  • Each year in the past 5 years GRM had a positive operating cash flow.
GRM.DE Yearly Net Income VS EBIT VS OCF VS FCFGRM.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

1.2 Ratios

  • The Return On Assets of GRM (7.79%) is better than 82.09% of its industry peers.
  • Looking at the Return On Equity, with a value of 27.23%, GRM belongs to the top of the industry, outperforming 92.54% of the companies in the same industry.
  • GRM's Return On Invested Capital of 9.65% is amongst the best of the industry. GRM outperforms 83.58% of its industry peers.
  • GRM had an Average Return On Invested Capital over the past 3 years of 10.86%. This is above the industry average of 7.31%.
Industry RankSector Rank
ROA 7.79%
ROE 27.23%
ROIC 9.65%
ROA(3y)7.71%
ROA(5y)7.84%
ROE(3y)25.45%
ROE(5y)25.35%
ROIC(3y)10.86%
ROIC(5y)11.02%
GRM.DE Yearly ROA, ROE, ROICGRM.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

1.3 Margins

  • GRM has a better Profit Margin (13.51%) than 94.03% of its industry peers.
  • In the last couple of years the Profit Margin of GRM has remained more or less at the same level.
  • GRM has a better Operating Margin (15.95%) than 89.55% of its industry peers.
  • In the last couple of years the Operating Margin of GRM has remained more or less at the same level.
  • Looking at the Gross Margin, with a value of 33.83%, GRM is in line with its industry, outperforming 52.24% of the companies in the same industry.
  • GRM's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 15.95%
PM (TTM) 13.51%
GM 33.83%
OM growth 3Y-0.79%
OM growth 5Y0.02%
PM growth 3Y-6.16%
PM growth 5Y-0.98%
GM growth 3Y0.86%
GM growth 5Y-0.37%
GRM.DE Yearly Profit, Operating, Gross MarginsGRM.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

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2

2. Health

2.1 Basic Checks

  • GRM has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • Compared to 1 year ago, GRM has less shares outstanding
  • Compared to 5 years ago, GRM has less shares outstanding
  • Compared to 1 year ago, GRM has a worse debt to assets ratio.
GRM.DE Yearly Shares OutstandingGRM.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M
GRM.DE Yearly Total Debt VS Total AssetsGRM.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B

2.2 Solvency

  • GRM has an Altman-Z score of 2.41. This is not the best score and indicates that GRM is in the grey zone with still only limited risk for bankruptcy at the moment.
  • GRM has a Altman-Z score (2.41) which is in line with its industry peers.
  • The Debt to FCF ratio of GRM is 7.70, which is on the high side as it means it would take GRM, 7.70 years of fcf income to pay off all of its debts.
  • GRM's Debt to FCF ratio of 7.70 is in line compared to the rest of the industry. GRM outperforms 55.22% of its industry peers.
  • A Debt/Equity ratio of 1.31 is on the high side and indicates that GRM has dependencies on debt financing.
  • GRM has a worse Debt to Equity ratio (1.31) than 82.09% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.31
Debt/FCF 7.7
Altman-Z 2.41
ROIC/WACC1.49
WACC6.46%
GRM.DE Yearly LT Debt VS Equity VS FCFGRM.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

2.3 Liquidity

  • GRM has a Current Ratio of 0.66. This is a bad value and indicates that GRM is not financially healthy enough and could expect problems in meeting its short term obligations.
  • With a Current ratio value of 0.66, GRM is not doing good in the industry: 89.55% of the companies in the same industry are doing better.
  • A Quick Ratio of 0.39 indicates that GRM may have some problems paying its short term obligations.
  • With a Quick ratio value of 0.39, GRM is not doing good in the industry: 80.60% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 0.66
Quick Ratio 0.39
GRM.DE Yearly Current Assets VS Current LiabilitesGRM.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

1

3. Growth

3.1 Past

  • GRM shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -20.43%.
  • The Earnings Per Share has been growing slightly by 3.12% on average over the past years.
  • GRM shows a decrease in Revenue. In the last year, the revenue decreased by -5.65%.
  • GRM shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.03% yearly.
EPS 1Y (TTM)-20.43%
EPS 3Y2.23%
EPS 5Y3.12%
EPS Q2Q%-21.43%
Revenue 1Y (TTM)-5.65%
Revenue growth 3Y0.86%
Revenue growth 5Y2.03%
Sales Q2Q%-7.24%

3.2 Future

  • GRM is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 0.16% yearly.
  • The Revenue is expected to decrease by -0.06% on average over the next years.
EPS Next Y-11.89%
EPS Next 2Y-5.35%
EPS Next 3Y-1.68%
EPS Next 5Y0.16%
Revenue Next Year-4.51%
Revenue Next 2Y-2.63%
Revenue Next 3Y-1.13%
Revenue Next 5Y-0.06%

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 decreasing.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
GRM.DE Yearly Revenue VS EstimatesGRM.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 5B 10B 15B 20B
GRM.DE Yearly EPS VS EstimatesGRM.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 1 2 3 4

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5

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 12.97 indicates a correct valuation of GRM.
  • Compared to the rest of the industry, the Price/Earnings ratio of GRM indicates a somewhat cheap valuation: GRM is cheaper than 73.13% of the companies listed in the same industry.
  • When comparing the Price/Earnings ratio of GRM to the average of the S&P500 Index (27.92), we can say GRM is valued rather cheaply.
  • With a Price/Forward Earnings ratio of 12.74, GRM is valued correctly.
  • GRM's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. GRM is cheaper than 64.18% of the companies in the same industry.
  • GRM's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.78.
Industry RankSector Rank
PE 12.97
Fwd PE 12.74
GRM.DE Price Earnings VS Forward Price EarningsGRM.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as GRM.
  • 71.64% of the companies in the same industry are more expensive than GRM, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 14.38
EV/EBITDA 10.9
GRM.DE Per share dataGRM.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 -10 20 -20

4.3 Compensation for Growth

  • The excellent profitability rating of GRM may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)4.15
EPS Next 2Y-5.35%
EPS Next 3Y-1.68%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

7

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 5.49%, GRM is a good candidate for dividend investing.
  • GRM's Dividend Yield is rather good when compared to the industry average which is at 2.76. GRM pays more dividend than 89.55% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.83, GRM pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.49%

5.2 History

  • The dividend of GRM has a limited annual growth rate of 4.25%.
Dividend Growth(5Y)4.25%
Div Incr Years6
Div Non Decr Years6
GRM.DE Yearly Dividends per shareGRM.DE Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2

5.3 Sustainability

  • GRM pays out 52.10% of its income as dividend. This is a bit on the high side, but may be sustainable.
  • GRM's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP52.1%
EPS Next 2Y-5.35%
EPS Next 3Y-1.68%
GRM.DE Yearly Income VS Free CF VS DividendGRM.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B
GRM.DE Dividend Payout.GRM.DE Dividend Payout, showing the Payout Ratio.GRM.DE Dividend Payout.PayoutRetained Earnings

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GENERAL MILLS INC

FRA:GRM (2/6/2026, 7:00:00 PM)

40.72

+0.1 (+0.25%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryFood Products
Earnings (Last)12-17
Earnings (Next)03-17
Inst Owners86.24%
Inst Owner ChangeN/A
Ins Owners0.28%
Ins Owner ChangeN/A
Market Cap21.72B
Revenue(TTM)18.78B
Net Income(TTM)2.54B
Analysts68
Price Target46.9 (15.18%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.49%
Yearly Dividend2.04
Dividend Growth(5Y)4.25%
DP52.1%
Div Incr Years6
Div Non Decr Years6
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)5.3%
Min EPS beat(2)4.53%
Max EPS beat(2)6.07%
EPS beat(4)4
Avg EPS beat(4)4.25%
Min EPS beat(4)3.07%
Max EPS beat(4)6.07%
EPS beat(8)8
Avg EPS beat(8)5.3%
EPS beat(12)11
Avg EPS beat(12)4.76%
EPS beat(16)15
Avg EPS beat(16)5.33%
Revenue beat(2)1
Avg Revenue beat(2)-0.12%
Min Revenue beat(2)-0.89%
Max Revenue beat(2)0.66%
Revenue beat(4)1
Avg Revenue beat(4)-1.31%
Min Revenue beat(4)-3.37%
Max Revenue beat(4)0.66%
Revenue beat(8)3
Avg Revenue beat(8)-0.82%
Revenue beat(12)4
Avg Revenue beat(12)-1.14%
Revenue beat(16)5
Avg Revenue beat(16)-0.97%
PT rev (1m)-0.07%
PT rev (3m)-2.33%
EPS NQ rev (1m)-0.72%
EPS NQ rev (3m)-8.85%
EPS NY rev (1m)0.5%
EPS NY rev (3m)0.61%
Revenue NQ rev (1m)-0.04%
Revenue NQ rev (3m)-0.74%
Revenue NY rev (1m)0.06%
Revenue NY rev (3m)0.19%
Valuation
Industry RankSector Rank
PE 12.97
Fwd PE 12.74
P/S 1.36
P/FCF 14.38
P/OCF 10.86
P/B 2.75
P/tB N/A
EV/EBITDA 10.9
EPS(TTM)3.14
EY7.71%
EPS(NY)3.2
Fwd EY7.85%
FCF(TTM)2.83
FCFY6.96%
OCF(TTM)3.75
OCFY9.21%
SpS29.84
BVpS14.8
TBVpS-21.15
PEG (NY)N/A
PEG (5Y)4.15
Graham Number32.34
Profitability
Industry RankSector Rank
ROA 7.79%
ROE 27.23%
ROCE 12.06%
ROIC 9.65%
ROICexc 9.92%
ROICexgc 155.16%
OM 15.95%
PM (TTM) 13.51%
GM 33.83%
FCFM 9.49%
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)120.35%
ROICexgc(5y)166.93%
ROCE(3y)13.69%
ROCE(5y)13.98%
ROICexgc growth 3Y-15.77%
ROICexgc growth 5Y-18.86%
ROICexc growth 3Y-3.27%
ROICexc growth 5Y-1.02%
OM growth 3Y-0.79%
OM growth 5Y0.02%
PM growth 3Y-6.16%
PM growth 5Y-0.98%
GM growth 3Y0.86%
GM growth 5Y-0.37%
F-Score3
Asset Turnover0.58
Health
Industry RankSector Rank
Debt/Equity 1.31
Debt/FCF 7.7
Debt/EBITDA 3.44
Cap/Depr 105.6%
Cap/Sales 3.07%
Interest Coverage 4.96
Cash Conversion 66.63%
Profit Quality 70.27%
Current Ratio 0.66
Quick Ratio 0.39
Altman-Z 2.41
F-Score3
WACC6.46%
ROIC/WACC1.49
Cap/Depr(3y)127.4%
Cap/Depr(5y)114.04%
Cap/Sales(3y)3.51%
Cap/Sales(5y)3.29%
Profit Quality(3y)93.91%
Profit Quality(5y)97.6%
High Growth Momentum
Growth
EPS 1Y (TTM)-20.43%
EPS 3Y2.23%
EPS 5Y3.12%
EPS Q2Q%-21.43%
EPS Next Y-11.89%
EPS Next 2Y-5.35%
EPS Next 3Y-1.68%
EPS Next 5Y0.16%
Revenue 1Y (TTM)-5.65%
Revenue growth 3Y0.86%
Revenue growth 5Y2.03%
Sales Q2Q%-7.24%
Revenue Next Year-4.51%
Revenue Next 2Y-2.63%
Revenue Next 3Y-1.13%
Revenue Next 5Y-0.06%
EBIT growth 1Y-18.94%
EBIT growth 3Y0.06%
EBIT growth 5Y2.04%
EBIT Next Year5.17%
EBIT Next 3Y2.61%
EBIT Next 5Y2.57%
FCF growth 1Y-23.06%
FCF growth 3Y-5.85%
FCF growth 5Y-6.54%
OCF growth 1Y-23.23%
OCF growth 3Y-4.17%
OCF growth 5Y-4.51%

GENERAL MILLS INC / GRM.DE FAQ

What is the fundamental rating for GRM stock?

ChartMill assigns a fundamental rating of 4 / 10 to GRM.DE.


What is the valuation status for GRM stock?

ChartMill assigns a valuation rating of 5 / 10 to GENERAL MILLS INC (GRM.DE). This can be considered as Fairly Valued.


What is the profitability of GRM stock?

GENERAL MILLS INC (GRM.DE) has a profitability rating of 8 / 10.


Can you provide the PE and PB ratios for GRM stock?

The Price/Earnings (PE) ratio for GENERAL MILLS INC (GRM.DE) is 12.97 and the Price/Book (PB) ratio is 2.75.


What is the earnings growth outlook for GENERAL MILLS INC?

The Earnings per Share (EPS) of GENERAL MILLS INC (GRM.DE) is expected to decline by -11.89% in the next year.