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

FRA:GRM • US3703341046

38.31 EUR
+0.47 (+1.23%)
Last: Mar 9, 2026, 09:17 AM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

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

Fundamental Rating

4

GRM gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 64 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.


Dividend Valuation Growth Profitability Health

8

1. GRM.DE Profitability Analysis

1.1 Basic Checks

  • In the past year GRM was profitable.
  • 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.
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

  • GRM's Return On Assets of 7.79% is amongst the best of the industry. GRM outperforms 84.38% 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 95.31% of the companies in the same industry.
  • GRM has a Return On Invested Capital of 9.65%. This is amongst the best in the industry. GRM outperforms 81.25% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for GRM is above the industry average of 7.07%.
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

  • Looking at the Profit Margin, with a value of 13.51%, GRM belongs to the top of the industry, outperforming 93.75% of the companies in the same industry.
  • In the last couple of years the Profit Margin of GRM has remained more or less at the same level.
  • With an excellent Operating Margin value of 15.95%, GRM belongs to the best of the industry, outperforming 92.19% 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.
  • GRM has a Gross Margin (33.83%) which is in line with its industry peers.
  • 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. GRM.DE Health Analysis

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.
  • Compared to 1 year ago, GRM has less shares outstanding
  • Compared to 5 years ago, GRM has less shares outstanding
  • The debt/assets ratio for GRM is higher compared to a year ago.
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

  • An Altman-Z score of 2.36 indicates that GRM is not a great score, but indicates 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 57.81% 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 in line with its industry peers.
  • GRM has a Debt/Equity ratio of 1.31. This is a high value indicating a heavy dependency on external financing.
  • GRM's Debt to Equity ratio of 1.31 is on the low side compared to the rest of the industry. GRM is outperformed by 81.25% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.31
Debt/FCF 7.7
Altman-Z 2.36
ROIC/WACC1.47
WACC6.55%
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

  • 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 89.06% of its industry peers.
  • A Quick Ratio of 0.39 indicates that GRM may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.39, GRM is doing worse than 81.25% of the companies in the same industry.
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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1

3. GRM.DE Growth Analysis

3.1 Past

  • The earnings per share for GRM have decreased strongly by -20.43% in the last year.
  • The Earnings Per Share has been growing slightly by 3.12% on average over the past years.
  • Looking at the last year, GRM shows a decrease in Revenue. The Revenue has decreased by -5.65% in the last year.
  • 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 decrease in Earnings Per Share. In the coming years, the EPS will decrease by -0.70% yearly.
  • The Revenue is expected to decrease by -0.41% on average over the next years.
EPS Next Y-15.94%
EPS Next 2Y-8.61%
EPS Next 3Y-4.43%
EPS Next 5Y-0.7%
Revenue Next Year-5.48%
Revenue Next 2Y-3.34%
Revenue Next 3Y-1.66%
Revenue Next 5Y-0.41%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • 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. GRM.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 11.97, the valuation of GRM can be described as reasonable.
  • GRM's Price/Earnings ratio is a bit cheaper when compared to the industry. GRM is cheaper than 76.56% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 26.29. GRM is valued rather cheaply when compared to this.
  • Based on the Price/Forward Earnings ratio of 12.60, the valuation of GRM can be described as correct.
  • Based on the Price/Forward Earnings ratio, GRM is valued a bit cheaper than the industry average as 65.63% of the companies are valued more expensively.
  • When comparing the Price/Forward Earnings ratio of GRM to the average of the S&P500 Index (24.60), we can say GRM is valued slightly cheaper.
Industry RankSector Rank
PE 11.97
Fwd PE 12.6
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.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of GRM indicates a somewhat cheap valuation: GRM is cheaper than 70.31% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 13.26
EV/EBITDA 10.27
GRM.DE Per share dataGRM.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 -10 20 -20 30

4.3 Compensation for Growth

  • GRM has an outstanding 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)3.83
EPS Next 2Y-8.61%
EPS Next 3Y-4.43%

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7

5. GRM.DE Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 5.60%, GRM is a good candidate for dividend investing.
  • GRM's Dividend Yield is rather good when compared to the industry average which is at 2.43. GRM pays more dividend than 90.63% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.82, GRM pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.6%

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

  • 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 Rate of GRM has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP52.1%
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 (3/9/2026, 9:17:06 AM)

38.31

+0.47 (+1.23%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryFood Products
Earnings (Last)12-17
Earnings (Next)03-17
Inst Owners88.26%
Inst Owner ChangeN/A
Ins Owners0.28%
Ins Owner ChangeN/A
Market Cap20.44B
Revenue(TTM)18.78B
Net Income(TTM)2.54B
Analysts65.6
Price Target42.65 (11.33%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.6%
Yearly Dividend2.1
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)-6.66%
PT rev (3m)-10.38%
EPS NQ rev (1m)-10.3%
EPS NQ rev (3m)-18.13%
EPS NY rev (1m)-4.59%
EPS NY rev (3m)-4.01%
Revenue NQ rev (1m)-2.19%
Revenue NQ rev (3m)-2.87%
Revenue NY rev (1m)-1.02%
Revenue NY rev (3m)-0.8%
Valuation
Industry RankSector Rank
PE 11.97
Fwd PE 12.6
P/S 1.26
P/FCF 13.26
P/OCF 10.01
P/B 2.54
P/tB N/A
EV/EBITDA 10.27
EPS(TTM)3.2
EY8.35%
EPS(NY)3.04
Fwd EY7.94%
FCF(TTM)2.89
FCFY7.54%
OCF(TTM)3.83
OCFY9.99%
SpS30.44
BVpS15.1
TBVpS-21.57
PEG (NY)N/A
PEG (5Y)3.83
Graham Number32.98
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 2.36
F-Score3
WACC6.55%
ROIC/WACC1.47
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-15.94%
EPS Next 2Y-8.61%
EPS Next 3Y-4.43%
EPS Next 5Y-0.7%
Revenue 1Y (TTM)-5.65%
Revenue growth 3Y0.86%
Revenue growth 5Y2.03%
Sales Q2Q%-7.24%
Revenue Next Year-5.48%
Revenue Next 2Y-3.34%
Revenue Next 3Y-1.66%
Revenue Next 5Y-0.41%
EBIT growth 1Y-18.94%
EBIT growth 3Y0.06%
EBIT growth 5Y2.04%
EBIT Next Year1.34%
EBIT Next 3Y0.83%
EBIT Next 5Y2.14%
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 11.97 and the Price/Book (PB) ratio is 2.54.


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.