General Mills Inc

Consumer Staples
Packaged Foods
www.generalmills.com

Earnings Score
Moat Score
Safety Score
Final Score

Market Cap $36.47B
PE 15
Debt $14.71B
Cash $468.10M
EV $50.71B
FCF $2.78B

Earnings

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Sales & Net Margins

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Earnings	$2.40B
EBIT	$3.41B
ROE	25%
ROA	11%
FCF	$2.78B
Equity	$9.53B
Growth Stability	96%
PE	15.18
PEG	4.16
PB	3.83
P/FCF	13.14
P/S	18.41
Price/Cash	0.01
Debt/Equity	1.54
Debt/FCF	5.3
Net Margins	12%
Gross Margins	-554%
Op. Margins	172%
Earnings CAGR	7%
Sales Growth YoY	-1%
Sales Growth QoQ	-137%
Sales CAGR	-27%
FCF CAGR	3%
Equity CAGR	10%
Earnings Stability	0.74
Earnings Growth YoY	-14%
Earnings Growth QoQ	4%
Earnings CAGR 5Y	4%

Sales CAGR 5Y	-2%
FCF CAGR 5Y	-4%
Equity CAGR 5Y	4%
Earnings CAGR 3Y	-10%
Sales CAGR 3Y	-10%
FCF CAGR 3Y	-2%
Equity CAGR 3Y	-3%
Market Cap	$36.47B
Revenue	$1.98B
Dividend Yield	4%
Payout Ratio	56%
Assets	$31.77B
Total Debt	$14.71B
Cash	$468.10M
Shares Outstanding	560.5M
EV	50.71B
Earnings Score	86%
Moat Score	93%
Safety Score	81%
Final Score	87%
Working Capital	-2.48B
Current Ratio	0.66
Gross Profit	-$10.97B
Shares Growth 3y	-3%
Equity Growth QoQ	-1%
Equity Growth YoY	-9%

Assets & ROA

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Stockholders Equity & ROE

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General Mills is a leading global packaged food company that produces snacks, cereal, convenient meals, yogurt, dough, baking mixes and ingredients, pet food, and superpremium ice cream. Its largest brands are Nature Valley, Cheerios, Old El Paso, Yoplait, Pillsbury, Betty Crocker, BLUE, and Haagen-Dazs. In fiscal 2021, 75% of its revenue was derived from the United States, although the company also operates in Canada, Europe, Australia, Asia, and Latin America. While most of General Mills' products are sold through retail stores to consumers, the company also sells products into the food-service channel and the commercial baking industry.

SEC Filings

Direct access to General Mills Inc (GIS) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Aug 25
- 10-K May 26
- 10-Q Feb 25
2023
- 10-Q Nov 26
- 10-Q Aug 27
- 10-K May 28
- 10-Q Feb 26
2022
- 10-Q Nov 27
- 10-Q Aug 28
- 10-K May 29
- 10-Q Feb 27

Sector Comparison

How does General Mills Inc compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of General Mills Inc compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 7%

Stability 74%

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General Mills Inc Discounted Cash Flow

Fully customizable DCF calculator online for General Mills Inc.

Years

Calculation mode

= $34B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$2.8B	$2.9B	$3B	$3B	$3.1B	$3.2B	$3.3B	$3.5B	$3.6B	$3.7B	$3.8B	$38B
DCF		$2.6B	$2.4B	$2.3B	$2.1B	$2B	$1.9B	$1.8B	$1.7B	$1.6B	$1.5B	$15B
Value	$34B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	05/2015	05/2016	05/2017	05/2018	05/2019	05/2020	05/2021	05/2022	05/2023	05/2024	TTM
Net Margins	7%	10%	11%	14%	86%	107%	107%	127%	133%	123%	12%
ROA	-	12%	12%	8%	9%	10%	10%	12%	11%	11%	11%
ROE	-	32%	35%	33%	24%	26%	24%	25%	24%	26%	25%

Good Net Margins (11.96%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	05/2015	05/2016	05/2017	05/2018	05/2019	05/2020	05/2021	05/2022	05/2023	05/2024	TTM
Debt over FCF	-	4.55	5.48	7.15	6.38	4.85	6	4.54	6.41	5.75	5.3
Debt over Equity	1.78	1.75	2.02	2.44	1.97	1.87	1.51	1.16	1.25	1.51	1.54
Growth Stability	-	-	-	100%	96%	100%	100%	100%	100%	98%	96%

Bad Debt/FCF ratio (5.3)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Bad Debt/Equity ratio (1.54)

The company is overleveraged and has a bad balance between equity and debt.

Good Graham’s Stability (96%)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	05/2015	05/2016	05/2017	05/2018	05/2019	05/2020	05/2021	05/2022	05/2023	05/2024	CAGR 5Y
Revenue YoY growth	-	-6%	-6%	1%	-87%	0%	7%	-3%	-8%	4%	-2%
Earnings YoY growth	-	39%	-2%	29%	-18%	24%	7%	16%	-4%	-4%	4%
Equity YoY growth	-	-2%	-12%	39%	13%	13%	17%	10%	-1%	-10%	4%
FCF YoY growth	-	11%	-15%	28%	2%	42%	-24%	12%	-24%	21%	-4%