GENERAL MILLS INC (GRM.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:GRM - US3703341046 - Common Stock
38.09 EUR
+0.75 (+1.99%)
GRM gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 64 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. GRM also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
- In the past year GRM was profitable.
- In the past year GRM had a positive cash flow from operations.
- 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.
1.2 Ratios
- GRM has a Return On Assets of 7.79%. This is in the better half of the industry: GRM outperforms 79.69% of its industry peers.
- With an excellent Return On Equity value of 27.23%, GRM belongs to the best of the industry, outperforming 90.63% of the companies in the same industry.
- Looking at the Return On Invested Capital, with a value of 9.65%, GRM is in the better half of the industry, outperforming 78.13% of the companies in the same industry.
- GRM had an Average Return On Invested Capital over the past 3 years of 10.86%. This is above the industry average of 7.95%.
| 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's Profit Margin of 13.51% is amongst the best of the industry. GRM outperforms 93.75% 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 85.94% of its industry peers.
- GRM's Operating Margin has been stable in the last couple of years.
- GRM's Gross Margin of 33.83% is in line compared to the rest of the industry. GRM outperforms 46.88% of its industry peers.
- 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 | 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
- The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so GRM is still creating some value.
- The number of shares outstanding for GRM has been reduced compared to 1 year ago.
- The number of shares outstanding for GRM has been reduced compared to 5 years ago.
- The debt/assets ratio for GRM is higher compared to a year ago.
2.2 Solvency
- GRM has an Altman-Z score of 2.36. 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's Altman-Z score of 2.36 is in line compared to the rest of the industry. GRM outperforms 56.25% of its industry peers.
- GRM has a debt to FCF ratio of 7.70. This is a slightly negative value and a sign of low solvency as GRM would need 7.70 years to pay back of all of its debts.
- GRM has a Debt to FCF ratio (7.70) which is comparable to the rest of the industry.
- GRM has a Debt/Equity ratio of 1.31. This is a high value indicating a heavy dependency on external financing.
- Looking at the Debt to Equity ratio, with a value of 1.31, GRM is doing worse than 79.69% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.31 | ||
| Debt/FCF | 7.7 | ||
| Altman-Z | 2.36 |
ROIC/WACC1.5
WACC6.45%
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 87.50% of its industry peers.
- A Quick Ratio of 0.39 indicates that GRM may have some problems paying its short term obligations.
- GRM has a Quick ratio of 0.39. This is in the lower half of the industry: GRM underperforms 79.69% of its industry peers.
| 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%.
- 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.
- 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.
- Based on estimates for the next years, GRM will show a decrease in Revenue. The Revenue will decrease by -0.06% on average per year.
EPS Next Y-12.33%
EPS Next 2Y-5.16%
EPS Next 3Y-1.49%
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
- 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 12.09, which 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 78.13% of the companies listed in the same industry.
- When comparing the Price/Earnings ratio of GRM to the average of the S&P500 Index (27.32), we can say GRM is valued rather cheaply.
- GRM is valuated reasonably with a Price/Forward Earnings ratio of 11.81.
- Based on the Price/Forward Earnings ratio, GRM is valued a bit cheaper than the industry average as 68.75% of the companies are valued more expensively.
- The average S&P500 Price/Forward Earnings ratio is at 24.30. GRM is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.09 | ||
| Fwd PE | 11.81 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of GRM is on the same level as its industry peers.
- Based on the Price/Free Cash Flow ratio, GRM is valued a bit cheaper than 75.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.38 | ||
| EV/EBITDA | 10.28 |
4.3 Compensation for Growth
- GRM has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)3.87
EPS Next 2Y-5.16%
EPS Next 3Y-1.49%
5. Dividend
5.1 Amount
- GRM has a Yearly Dividend Yield of 5.35%, which is a nice return.
- GRM's Dividend Yield is rather good when compared to the industry average which is at 2.42. GRM pays more dividend than 89.06% of the companies in the same industry.
- GRM's Dividend Yield is rather good when compared to the S&P500 average which is at 1.86.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.35% |
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
- GRM pays out 52.10% of its income as dividend. 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 (1/22/2026, 5:28:15 PM)
38.09
+0.75 (+1.99%)
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 Cap20.32B
Revenue(TTM)18.78B
Net Income(TTM)2.54B
Analysts68
Price Target46.9 (23.13%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.35% |
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)-1.44%
PT rev (3m)-0.66%
EPS NQ rev (1m)-7.94%
EPS NQ rev (3m)-8.19%
EPS NY rev (1m)0.11%
EPS NY rev (3m)0.02%
Revenue NQ rev (1m)-0.63%
Revenue NQ rev (3m)-0.74%
Revenue NY rev (1m)0.21%
Revenue NY rev (3m)0.19%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.09 | ||
| Fwd PE | 11.81 | ||
| P/S | 1.27 | ||
| P/FCF | 13.38 | ||
| P/OCF | 10.11 | ||
| P/B | 2.56 | ||
| P/tB | N/A | ||
| EV/EBITDA | 10.28 |
EPS(TTM)3.15
EY8.27%
EPS(NY)3.23
Fwd EY8.47%
FCF(TTM)2.85
FCFY7.47%
OCF(TTM)3.77
OCFY9.89%
SpS29.99
BVpS14.88
TBVpS-21.25
PEG (NY)N/A
PEG (5Y)3.87
Graham Number32.47
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 | 2.36 |
F-Score3
WACC6.45%
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-4.51%
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 Year5.14%
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 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 7 / 10.
Can you provide the PE and PB ratios for GRM stock?
The Price/Earnings (PE) ratio for GENERAL MILLS INC (GRM.DE) is 12.09 and the Price/Book (PB) ratio is 2.56.
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.