GENERAL MILLS INC (GRM.DE) Fundamental Analysis & Valuation

FRA:GRM • US3703341046

Current stock price

32.35 EUR
+0.42 (+1.32%)
Last:

This GRM.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

7

1. GRM.DE Profitability Analysis

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.
  • 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

  • Looking at the Return On Assets, with a value of 6.83%, GRM is in the better half of the industry, outperforming 77.05% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 23.70%, GRM belongs to the top of the industry, outperforming 93.44% of the companies in the same industry.
  • GRM has a better Return On Invested Capital (8.93%) than 77.05% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for GRM is above the industry average of 7.00%.
Industry RankSector Rank
ROA 6.83%
ROE 23.7%
ROIC 8.93%
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 Profit Margin of 12.05%. This is amongst the best in the industry. GRM outperforms 88.52% 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 14.91%. This is amongst the best in the industry. GRM outperforms 88.52% of its industry peers.
  • In the last couple of years the Operating Margin of GRM has remained more or less at the same level.
  • GRM has a Gross Margin (33.14%) which is in line with its industry peers.
  • In the last couple of years the Gross Margin of GRM has remained more or less at the same level.
Industry RankSector Rank
OM 14.91%
PM (TTM) 12.05%
GM 33.14%
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. GRM.DE Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), GRM is creating some value.
  • The number of shares outstanding for GRM has been reduced compared to 1 year ago.
  • GRM has less shares outstanding than it did 5 years ago.
  • GRM has a worse debt/assets ratio than last year.
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 2.19. 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.
  • Looking at the Altman-Z score, with a value of 2.19, GRM is in line with its industry, outperforming 52.46% of the companies in the same industry.
  • GRM has a debt to FCF ratio of 8.46. This is a slightly negative value and a sign of low solvency as GRM would need 8.46 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 8.46, GRM is in line with its industry, outperforming 52.46% of the companies in the same industry.
  • GRM has a Debt/Equity ratio of 1.27. This is a high value indicating a heavy dependency on external financing.
  • The Debt to Equity ratio of GRM (1.27) is worse than 80.33% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.27
Debt/FCF 8.46
Altman-Z 2.19
ROIC/WACC1.29
WACC6.92%
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 0.56. This is a bad value and indicates that GRM is not financially healthy enough and could expect problems in meeting its short term obligations.
  • GRM has a Current ratio of 0.56. This is amonst the worse of the industry: GRM underperforms 96.72% of its industry peers.
  • GRM has a Quick Ratio of 0.56. This is a bad value and indicates that GRM is not financially healthy enough and could expect problems in meeting its short term obligations.
  • GRM has a worse Quick ratio (0.36) than 93.44% of its industry peers.
Industry RankSector Rank
Current Ratio 0.56
Quick Ratio 0.36
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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1

3. GRM.DE Growth Analysis

3.1 Past

  • GRM shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -25.45%.
  • 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 -6.48% in the last year.
  • The Revenue has been growing slightly by 2.03% on average over the past years.
EPS 1Y (TTM)-25.45%
EPS 3Y2.23%
EPS 5Y3.12%
EPS Q2Q%-36%
Revenue 1Y (TTM)-6.48%
Revenue growth 3Y0.86%
Revenue growth 5Y2.03%
Sales Q2Q%-8.37%

3.2 Future

  • The Earnings Per Share is expected to decrease by -0.70% on average over the next years.
  • Based on estimates for the next years, GRM will show a decrease in Revenue. The Revenue will decrease by -0.41% on average per year.
EPS Next Y-15.94%
EPS Next 2Y-8.61%
EPS Next 3Y-4.43%
EPS Next 5Y-0.7%
Revenue Next Year-5.55%
Revenue Next 2Y-3.43%
Revenue Next 3Y-1.75%
Revenue Next 5Y-0.41%

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.
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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6

4. GRM.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 11.16, the valuation of GRM can be described as very reasonable.
  • Based on the Price/Earnings ratio, GRM is valued cheaper than 80.33% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 24.75. GRM is valued rather cheaply when compared to this.
  • GRM is valuated reasonably with a Price/Forward Earnings ratio of 10.60.
  • 75.41% of the companies in the same industry are more expensive than GRM, based on the Price/Forward Earnings ratio.
  • The average S&P500 Price/Forward Earnings ratio is at 22.10. GRM is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 11.16
Fwd PE 10.6
GRM.DE Price Earnings VS Forward Price EarningsGRM.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as GRM.
  • 77.05% 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 12.05
EV/EBITDA 9.71
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

  • GRM has a very decent profitability rating, which may justify a higher PE ratio.
  • A cheap valuation may be justified as GRM's earnings are expected to decrease with -4.43% in the coming years.
PEG (NY)N/A
PEG (5Y)3.57
EPS Next 2Y-8.61%
EPS Next 3Y-4.43%

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

7

5. GRM.DE Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 6.77%, GRM is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 3.59, GRM pays a better dividend. On top of this GRM pays more dividend than 91.80% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.89, GRM pays a better dividend.
Industry RankSector Rank
Dividend Yield 6.77%

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

  • 59.50% of the earnings are spent on dividend by GRM. This is a bit on the high side, but may be sustainable.
  • GRM's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP59.5%
EPS Next 2Y-8.61%
EPS Next 3Y-4.43%
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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GRM.DE Fundamentals: All Metrics, Ratios and Statistics

GENERAL MILLS INC

FRA:GRM (3/30/2026, 5:12:15 PM)

32.35

+0.42 (+1.32%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryFood Products
Earnings (Last)03-18
Earnings (Next)06-23
Inst Owners88.26%
Inst Owner ChangeN/A
Ins Owners0.28%
Ins Owner ChangeN/A
Market Cap17.26B
Revenue(TTM)18.37B
Net Income(TTM)2.21B
Analysts65.6
Price Target42.65 (31.84%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 6.77%
Yearly Dividend2.11
Dividend Growth(5Y)4.25%
DP59.5%
Div Incr Years6
Div Non Decr Years6
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-3.33%
Min EPS beat(2)-12.73%
Max EPS beat(2)6.07%
EPS beat(4)3
Avg EPS beat(4)0.23%
Min EPS beat(4)-12.73%
Max EPS beat(4)6.07%
EPS beat(8)7
Avg EPS beat(8)2.36%
EPS beat(12)10
Avg EPS beat(12)3.39%
EPS beat(16)14
Avg EPS beat(16)4.13%
Revenue beat(2)1
Avg Revenue beat(2)0.05%
Min Revenue beat(2)-0.57%
Max Revenue beat(2)0.66%
Revenue beat(4)1
Avg Revenue beat(4)-0.61%
Min Revenue beat(4)-1.66%
Max Revenue beat(4)0.66%
Revenue beat(8)2
Avg Revenue beat(8)-1.09%
Revenue beat(12)3
Avg Revenue beat(12)-1.36%
Revenue beat(16)5
Avg Revenue beat(16)-0.93%
PT rev (1m)0%
PT rev (3m)-9.13%
EPS NQ rev (1m)6.12%
EPS NQ rev (3m)-5.99%
EPS NY rev (1m)-4.59%
EPS NY rev (3m)-4.11%
Revenue NQ rev (1m)-0.3%
Revenue NQ rev (3m)-2.7%
Revenue NY rev (1m)-1.06%
Revenue NY rev (3m)-1.02%
Valuation
Industry RankSector Rank
PE 11.16
Fwd PE 10.6
P/S 1.08
P/FCF 12.05
P/OCF 8.93
P/B 2.13
P/tB N/A
EV/EBITDA 9.71
EPS(TTM)2.9
EY8.96%
EPS(NY)3.05
Fwd EY9.44%
FCF(TTM)2.69
FCFY8.3%
OCF(TTM)3.62
OCFY11.2%
SpS29.9
BVpS15.2
TBVpS-21.68
PEG (NY)N/A
PEG (5Y)3.57
Graham Number31.5
Profitability
Industry RankSector Rank
ROA 6.83%
ROE 23.7%
ROCE 11.55%
ROIC 8.93%
ROICexc 9.23%
ROICexgc 198.43%
OM 14.91%
PM (TTM) 12.05%
GM 33.14%
FCFM 8.98%
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-Score5
Asset Turnover0.57
Health
Industry RankSector Rank
Debt/Equity 1.27
Debt/FCF 8.46
Debt/EBITDA 3.6
Cap/Depr 104.35%
Cap/Sales 3.13%
Interest Coverage 5
Cash Conversion 67.64%
Profit Quality 74.52%
Current Ratio 0.56
Quick Ratio 0.36
Altman-Z 2.19
F-Score5
WACC6.92%
ROIC/WACC1.29
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)-25.45%
EPS 3Y2.23%
EPS 5Y3.12%
EPS Q2Q%-36%
EPS Next Y-15.94%
EPS Next 2Y-8.61%
EPS Next 3Y-4.43%
EPS Next 5Y-0.7%
Revenue 1Y (TTM)-6.48%
Revenue growth 3Y0.86%
Revenue growth 5Y2.03%
Sales Q2Q%-8.37%
Revenue Next Year-5.55%
Revenue Next 2Y-3.43%
Revenue Next 3Y-1.75%
Revenue Next 5Y-0.41%
EBIT growth 1Y-23.93%
EBIT growth 3Y0.06%
EBIT growth 5Y2.04%
EBIT Next Year1.34%
EBIT Next 3Y0.83%
EBIT Next 5Y2.14%
FCF growth 1Y-30.28%
FCF growth 3Y-5.85%
FCF growth 5Y-6.54%
OCF growth 1Y-30.24%
OCF growth 3Y-4.17%
OCF growth 5Y-4.51%

GENERAL MILLS INC / GRM.DE Fundamental Analysis 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 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 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 11.16 and the Price/Book (PB) ratio is 2.13.


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 -15.94% in the next year.