GENERAL MILLS INC (GRM.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:GRM - US3703341046 - Common Stock
39.055 EUR
+0.12 (+0.31%)
GRM gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 63 industry peers in the Food Products industry. While GRM belongs to the best of the industry regarding profitability, 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.
1. Profitability
1.1 Basic Checks
- GRM had positive earnings in the past year.
- GRM had a positive operating cash flow in the past year.
- In the past 5 years GRM has always been profitable.
- In the past 5 years GRM always reported a positive cash flow from operatings.
1.2 Ratios
- With an excellent Return On Assets value of 7.79%, GRM belongs to the best of the industry, outperforming 84.13% of the companies in the same industry.
- GRM has a Return On Equity of 27.23%. This is amongst the best in the industry. GRM outperforms 93.65% of its industry peers.
- GRM has a Return On Invested Capital of 9.65%. This is amongst the best in the industry. GRM outperforms 82.54% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for GRM is above the industry average of 6.78%.
| Industry Rank | Sector 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%
1.3 Margins
- GRM has a better Profit Margin (13.51%) than 95.24% 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 Operating Margin of 15.95%. This is amongst the best in the industry. GRM outperforms 88.89% of its industry peers.
- GRM's Operating Margin has been stable in the last couple of years.
- The Gross Margin of GRM (33.83%) is comparable to the rest of the industry.
- GRM's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector 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%
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
- The number of shares outstanding for GRM has been reduced compared to 5 years ago.
- Compared to 1 year ago, GRM has a worse debt to assets ratio.
2.2 Solvency
- An Altman-Z score of 2.38 indicates that GRM is not a great score, but indicates only limited risk for bankruptcy at the moment.
- GRM has a Altman-Z score of 2.38. This is in the better half of the industry: GRM outperforms 60.32% of 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 has a Debt to FCF ratio (7.70) which is comparable to the rest of the industry.
- A Debt/Equity ratio of 1.31 is on the high side and indicates that GRM has dependencies on debt financing.
- GRM has a Debt to Equity ratio of 1.31. This is amonst the worse of the industry: GRM underperforms 82.54% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.31 | ||
| Debt/FCF | 7.7 | ||
| Altman-Z | 2.38 |
ROIC/WACC1.5
WACC6.43%
2.3 Liquidity
- A Current Ratio of 0.66 indicates that GRM may have some problems paying its short term obligations.
- GRM has a worse Current ratio (0.66) than 88.89% of its industry peers.
- 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: 80.95% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.66 | ||
| Quick Ratio | 0.39 |
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%.
- GRM shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 3.12% yearly.
- Looking at the last year, GRM shows a decrease in Revenue. The Revenue has decreased by -5.65% in the last year.
- Measured over the past years, GRM shows a small growth in Revenue. The Revenue has been growing by 2.03% on average per year.
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
- The Earnings Per Share is expected to grow by 0.16% on average over the next years.
- The Revenue is expected to decrease by -0.06% on average over the next years.
EPS Next Y-12.33%
EPS Next 2Y-5.16%
EPS Next 3Y-1.49%
EPS Next 5Y0.16%
Revenue Next Year-4.57%
Revenue Next 2Y-2.59%
Revenue Next 3Y-1.09%
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.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 12.28, which indicates a correct valuation of GRM.
- Based on the Price/Earnings ratio, GRM is valued a bit cheaper than the industry average as 76.19% of the companies are valued more expensively.
- GRM is valuated cheaply when we compare the Price/Earnings ratio to 27.33, which is the current average of the S&P500 Index.
- With a Price/Forward Earnings ratio of 12.02, GRM is valued correctly.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of GRM indicates a somewhat cheap valuation: GRM is cheaper than 65.08% of the companies listed in the same industry.
- When comparing the Price/Forward Earnings ratio of GRM to the average of the S&P500 Index (24.12), we can say GRM is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.28 | ||
| Fwd PE | 12.02 |
4.2 Price Multiples
- GRM's Enterprise Value to EBITDA is on the same level as the industry average.
- Based on the Price/Free Cash Flow ratio, GRM is valued a bit cheaper than the industry average as 71.43% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.62 | ||
| EV/EBITDA | 10.51 |
4.3 Compensation for Growth
- GRM has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)3.93
EPS Next 2Y-5.16%
EPS Next 3Y-1.49%
5. Dividend
5.1 Amount
- GRM has a Yearly Dividend Yield of 5.56%, which is a nice return.
- Compared to an average industry Dividend Yield of 2.42, GRM pays a better dividend. On top of this GRM pays more dividend than 90.48% of the companies listed in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.91, GRM pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.56% |
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
5.3 Sustainability
- 52.10% of the earnings are spent on dividend by GRM. This is a bit on the high side, but may be sustainable.
- The dividend of GRM is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP52.1%
EPS Next 2Y-5.16%
EPS Next 3Y-1.49%
FRA:GRM (1/15/2026, 4:16:13 PM)
39.055
+0.12 (+0.31%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryFood Products
Earnings (Last)12-17 2025-12-17/bmo
Earnings (Next)03-17 2026-03-17/bmo
Inst Owners86.24%
Inst Owner ChangeN/A
Ins Owners0.28%
Ins Owner ChangeN/A
Market Cap20.83B
Revenue(TTM)18.78B
Net Income(TTM)2.54B
Analysts68
Price Target46.93 (20.16%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.56% |
Yearly Dividend2.09
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)-1.37%
PT rev (3m)-0.59%
EPS NQ rev (1m)-8.06%
EPS NQ rev (3m)-8.19%
EPS NY rev (1m)0.11%
EPS NY rev (3m)0.02%
Revenue NQ rev (1m)-0.65%
Revenue NQ rev (3m)-0.7%
Revenue NY rev (1m)0.15%
Revenue NY rev (3m)0.13%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.28 | ||
| Fwd PE | 12.02 | ||
| P/S | 1.29 | ||
| P/FCF | 13.62 | ||
| P/OCF | 10.29 | ||
| P/B | 2.61 | ||
| P/tB | N/A | ||
| EV/EBITDA | 10.51 |
EPS(TTM)3.18
EY8.14%
EPS(NY)3.25
Fwd EY8.32%
FCF(TTM)2.87
FCFY7.34%
OCF(TTM)3.8
OCFY9.72%
SpS30.21
BVpS14.99
TBVpS-21.41
PEG (NY)N/A
PEG (5Y)3.93
Graham Number32.75
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 2.38 |
F-Score3
WACC6.43%
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)93.91%
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-12.33%
EPS Next 2Y-5.16%
EPS Next 3Y-1.49%
EPS Next 5Y0.16%
Revenue 1Y (TTM)-5.65%
Revenue growth 3Y0.86%
Revenue growth 5Y2.03%
Sales Q2Q%-7.24%
Revenue Next Year-4.57%
Revenue Next 2Y-2.59%
Revenue Next 3Y-1.09%
Revenue Next 5Y-0.06%
EBIT growth 1Y-18.94%
EBIT growth 3Y0.06%
EBIT growth 5Y2.04%
EBIT Next Year5.14%
EBIT Next 3Y2.64%
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 5 / 10 to GRM.DE.
What is the valuation status for GRM stock?
ChartMill assigns a valuation rating of 6 / 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 12.28 and the Price/Book (PB) ratio is 2.61.
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 -12.33% in the next year.