GENERAL MILLS INC (GRM.DE) Stock Fundamental Analysis
Europe - FRA:GRM - US3703341046 - Common Stock
42.68 EUR
+1.18 (+2.84%)
Taking everything into account, GRM scores 4 out of 10 in our fundamental rating. GRM was compared to 58 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 on the other hand it scores bad on growth. 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.
GRM had positive earnings in each of the past 5 years.
GRM had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a decent Return On Assets value of 6.94%, GRM is doing good in the industry, outperforming 72.41% of the companies in the same industry.
Looking at the Return On Equity, with a value of 24.95%, GRM belongs to the top of the industry, outperforming 89.66% of the companies in the same industry.
GRM's Return On Invested Capital of 10.39% is amongst the best of the industry. GRM outperforms 86.21% 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 7.05%.
| Industry Rank | Sector 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%
1.3 Margins
GRM has a better Profit Margin (11.78%) than 86.21% of its industry peers.
In the last couple of years the Profit Margin of GRM has remained more or less at the same level.
Looking at the Operating Margin, with a value of 17.24%, GRM belongs to the top of the industry, outperforming 93.10% of the companies in the same industry.
In the last couple of years the Operating Margin of GRM has remained more or less at the same level.
With a Gross Margin value of 34.60%, GRM perfoms like the industry average, outperforming 44.83% of the companies in the same industry.
In the last couple of years the Gross Margin of GRM has remained more or less at the same level.
| Industry Rank | Sector 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%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), GRM is creating some value.
GRM has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, GRM has less shares outstanding
The debt/assets ratio for GRM is higher compared to a year ago.
2.2 Solvency
GRM has an Altman-Z score of 2.44. 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 (2.44) which is in line with its industry peers.
The Debt to FCF ratio of GRM is 6.49, which is on the high side as it means it would take GRM, 6.49 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 6.49, GRM perfoms like the industry average, outperforming 51.72% of the companies in the same industry.
GRM has a Debt/Equity ratio of 1.45. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of GRM (1.45) is worse than 86.21% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.45 | ||
| Debt/FCF | 6.49 | ||
| Altman-Z | 2.44 |
ROIC/WACC1.61
WACC6.44%
2.3 Liquidity
A Current Ratio of 0.67 indicates that GRM may have some problems paying its short term obligations.
The Current ratio of GRM (0.67) is worse than 89.66% of its industry peers.
A Quick Ratio of 0.43 indicates that GRM may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.43, GRM is doing worse than 79.31% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.67 | ||
| Quick Ratio | 0.43 |
3. Growth
3.1 Past
GRM shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -6.86%.
Measured over the past 5 years, GRM 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.
The Revenue has been growing slightly by 2.03% on average over the past years.
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
Based on estimates for the next years, GRM will show a small growth in Earnings Per Share. The EPS will grow by 0.77% on average per year.
Based on estimates for the next years, GRM will show a small growth in Revenue. The Revenue will grow by 0.05% on average per year.
EPS Next Y-12.48%
EPS Next 2Y-4.4%
EPS Next 3Y-0.88%
EPS Next 5Y0.77%
Revenue Next Year-4.16%
Revenue Next 2Y-2.26%
Revenue Next 3Y-0.8%
Revenue Next 5Y0.05%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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 11.99, which indicates a very decent valuation of GRM.
GRM's Price/Earnings ratio is a bit cheaper when compared to the industry. GRM is cheaper than 68.97% of the companies in the same industry.
GRM's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.41.
GRM is valuated correctly with a Price/Forward Earnings ratio of 13.69.
GRM's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. GRM is cheaper than 60.34% of the companies in the same industry.
GRM is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.88, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.99 | ||
| Fwd PE | 13.69 |
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 70.69% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.76 | ||
| EV/EBITDA | 10.47 |
4.3 Compensation for Growth
The decent profitability rating of GRM may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)3.84
EPS Next 2Y-4.4%
EPS Next 3Y-0.88%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.82%, GRM is a good candidate for dividend investing.
GRM's Dividend Yield is rather good when compared to the industry average which is at 3.27. GRM pays more dividend than 86.21% of the companies in the same industry.
GRM's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.82% |
5.2 History
The dividend of GRM has a limited annual growth rate of 4.26%.
Dividend Growth(5Y)4.26%
Div Incr Years6
Div Non Decr Years6
5.3 Sustainability
58.33% 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.
DP58.33%
EPS Next 2Y-4.4%
EPS Next 3Y-0.88%
FRA:GRM (9/18/2025, 7:00:00 PM)
42.68
+1.18 (+2.84%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryFood Products
Earnings (Last)
Earnings (Next)
Inst Owners87.31%
Inst Owner ChangeN/A
Ins Owners0.28%
Ins Owner ChangeN/A
Market Cap22.82B
Analysts65.38
Price Target47.8 (12%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.82% |
Yearly Dividend2.07
Dividend Growth(5Y)4.26%
DP58.33%
Div Incr Years6
Div Non Decr Years6
Ex-DateN/A
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)-2.56%
PT rev (3m)-13.38%
EPS NQ rev (1m)0.12%
EPS NQ rev (3m)-13.08%
EPS NY rev (1m)-0.19%
EPS NY rev (3m)-9.4%
Revenue NQ rev (1m)-0.18%
Revenue NQ rev (3m)-2.08%
Revenue NY rev (1m)-0.06%
Revenue NY rev (3m)-2.47%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.99 | ||
| Fwd PE | 13.69 | ||
| P/S | 1.38 | ||
| P/FCF | 11.76 | ||
| P/OCF | 9.24 | ||
| P/B | 2.93 | ||
| P/tB | N/A | ||
| EV/EBITDA | 10.47 |
EPS(TTM)3.56
EY8.34%
EPS(NY)3.12
Fwd EY7.3%
FCF(TTM)3.63
FCFY8.5%
OCF(TTM)4.62
OCFY10.82%
SpS30.84
BVpS14.56
TBVpS-21.37
PEG (NY)N/A
PEG (5Y)3.84
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 2.44 |
F-Score5
WACC6.44%
ROIC/WACC1.61
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-12.48%
EPS Next 2Y-4.4%
EPS Next 3Y-0.88%
EPS Next 5Y0.77%
Revenue 1Y (TTM)-1.87%
Revenue growth 3Y0.86%
Revenue growth 5Y2.03%
Sales Q2Q%-3.35%
Revenue Next Year-4.16%
Revenue Next 2Y-2.26%
Revenue Next 3Y-0.8%
Revenue Next 5Y0.05%
EBIT growth 1Y-8.02%
EBIT growth 3Y0.07%
EBIT growth 5Y2.04%
EBIT Next Year4.84%
EBIT Next 3Y2.93%
EBIT Next 5Y3.06%
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%