Logo image of GIS

GENERAL MILLS INC (GIS) Stock Fundamental Analysis

USA - NYSE:GIS - US3703341046 - Common Stock

48.735 USD
+0.34 (+0.71%)
Last: 10/20/2025, 10:20:09 AM
Fundamental Rating

4

Taking everything into account, GIS scores 4 out of 10 in our fundamental rating. GIS was compared to 87 industry peers in the Food Products industry. GIS scores excellent on profitability, but there are concerns on its financial health. GIS has a valuation in line with the averages, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

In the past year GIS was profitable.
GIS had a positive operating cash flow in the past year.
GIS had positive earnings in each of the past 5 years.
GIS had a positive operating cash flow in each of the past 5 years.
GIS Yearly Net Income VS EBIT VS OCF VS FCFGIS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

1.2 Ratios

GIS has a better Return On Assets (8.84%) than 89.66% of its industry peers.
GIS's Return On Equity of 30.71% is amongst the best of the industry. GIS outperforms 95.40% of its industry peers.
The Return On Invested Capital of GIS (10.30%) is better than 85.06% of its industry peers.
GIS had an Average Return On Invested Capital over the past 3 years of 10.86%. This is significantly below the industry average of 28.34%.
Industry RankSector Rank
ROA 8.84%
ROE 30.71%
ROIC 10.3%
ROA(3y)7.71%
ROA(5y)7.84%
ROE(3y)25.45%
ROE(5y)25.35%
ROIC(3y)10.86%
ROIC(5y)11.02%
GIS Yearly ROA, ROE, ROICGIS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

1.3 Margins

GIS has a Profit Margin of 15.24%. This is amongst the best in the industry. GIS outperforms 94.25% of its industry peers.
In the last couple of years the Profit Margin of GIS has remained more or less at the same level.
GIS has a Operating Margin of 16.84%. This is amongst the best in the industry. GIS outperforms 93.10% of its industry peers.
In the last couple of years the Operating Margin of GIS has remained more or less at the same level.
GIS's Gross Margin of 34.39% is fine compared to the rest of the industry. GIS outperforms 78.16% of its industry peers.
GIS's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 16.84%
PM (TTM) 15.24%
GM 34.39%
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%
GIS Yearly Profit, Operating, Gross MarginsGIS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

3

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so GIS is still creating some value.
The number of shares outstanding for GIS has been reduced compared to 1 year ago.
GIS has less shares outstanding than it did 5 years ago.
The debt/assets ratio for GIS is higher compared to a year ago.
GIS Yearly Shares OutstandingGIS Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M
GIS Yearly Total Debt VS Total AssetsGIS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B

2.2 Solvency

GIS has an Altman-Z score of 2.43. This is not the best score and indicates that GIS is in the grey zone with still only limited risk for bankruptcy at the moment.
The Altman-Z score of GIS (2.43) is comparable to the rest of the industry.
The Debt to FCF ratio of GIS is 6.87, which is on the high side as it means it would take GIS, 6.87 years of fcf income to pay off all of its debts.
GIS has a Debt to FCF ratio of 6.87. This is in the better half of the industry: GIS outperforms 71.26% of its industry peers.
A Debt/Equity ratio of 1.29 is on the high side and indicates that GIS has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 1.29, GIS is doing worse than 79.31% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.29
Debt/FCF 6.87
Altman-Z 2.43
ROIC/WACC1.57
WACC6.58%
GIS Yearly LT Debt VS Equity VS FCFGIS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 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 GIS may have some problems paying its short term obligations.
The Current ratio of GIS (0.66) is worse than 87.36% of its industry peers.
GIS has a Quick Ratio of 0.66. This is a bad value and indicates that GIS is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.40, GIS is not doing good in the industry: 79.31% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 0.66
Quick Ratio 0.4
GIS Yearly Current Assets VS Current LiabilitesGIS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

1

3. Growth

3.1 Past

The earnings per share for GIS have decreased strongly by -11.11% in the last year.
Measured over the past 5 years, GIS 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 -3.26% in the past year.
The Revenue has been growing slightly by 2.03% on average over the past years.
EPS 1Y (TTM)-11.11%
EPS 3Y2.23%
EPS 5Y3.12%
EPS Q2Q%-19.63%
Revenue 1Y (TTM)-3.26%
Revenue growth 3Y0.86%
Revenue growth 5Y2.03%
Sales Q2Q%-6.82%

3.2 Future

The Earnings Per Share is expected to grow by 0.42% on average over the next years.
GIS is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -0.04% yearly.
EPS Next Y-12.36%
EPS Next 2Y-4.6%
EPS Next 3Y-1.27%
EPS Next 5Y0.42%
Revenue Next Year-4.69%
Revenue Next 2Y-2.59%
Revenue Next 3Y-1.06%
Revenue Next 5Y-0.04%

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.
GIS Yearly Revenue VS EstimatesGIS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 5B 10B 15B 20B
GIS Yearly EPS VS EstimatesGIS Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 1 2 3 4

5

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 12.18 indicates a correct valuation of GIS.
78.16% of the companies in the same industry are more expensive than GIS, based on the Price/Earnings ratio.
GIS's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.42.
The Price/Forward Earnings ratio is 12.72, which indicates a correct valuation of GIS.
Compared to the rest of the industry, the Price/Forward Earnings ratio of GIS indicates a somewhat cheap valuation: GIS is cheaper than 78.16% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of GIS to the average of the S&P500 Index (22.94), we can say GIS is valued slightly cheaper.
Industry RankSector Rank
PE 12.18
Fwd PE 12.72
GIS Price Earnings VS Forward Price EarningsGIS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

GIS's Enterprise Value to EBITDA is on the same level as the industry average.
Based on the Price/Free Cash Flow ratio, GIS is valued a bit cheaper than the industry average as 78.16% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 12.4
EV/EBITDA 10.42
GIS Per share dataGIS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 -20

4.3 Compensation for Growth

GIS has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)3.9
EPS Next 2Y-4.6%
EPS Next 3Y-1.27%

6

5. Dividend

5.1 Amount

GIS has a Yearly Dividend Yield of 5.11%, which is a nice return.
GIS's Dividend Yield is rather good when compared to the industry average which is at 5.09. GIS pays more dividend than 85.06% of the companies in the same industry.
GIS's Dividend Yield is rather good when compared to the S&P500 average which is at 2.36.
Industry RankSector Rank
Dividend Yield 5.11%

5.2 History

The dividend of GIS has a limited annual growth rate of 4.26%.
GIS has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)4.26%
Div Incr Years0
Div Non Decr Years0
GIS Yearly Dividends per shareGIS Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5 2 2.5

5.3 Sustainability

GIS pays out 45.62% of its income as dividend. This is a bit on the high side, but may be sustainable.
GIS's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP45.62%
EPS Next 2Y-4.6%
EPS Next 3Y-1.27%
GIS Yearly Income VS Free CF VS DividendGIS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B
GIS Dividend Payout.GIS Dividend Payout, showing the Payout Ratio.GIS Dividend Payout.PayoutRetained Earnings

GENERAL MILLS INC

NYSE:GIS (10/20/2025, 10:20:09 AM)

48.735

+0.34 (+0.71%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryFood Products
Earnings (Last)09-17 2025-09-17/bmo
Earnings (Next)12-16 2025-12-16/bmo
Inst Owners86.7%
Inst Owner Change-0.06%
Ins Owners0.28%
Ins Owner Change3.85%
Market Cap26.00B
Analysts65.38
Price Target55.63 (14.15%)
Short Float %5.58%
Short Ratio4.94
Dividend
Industry RankSector Rank
Dividend Yield 5.11%
Yearly Dividend2.43
Dividend Growth(5Y)4.26%
DP45.62%
Div Incr Years0
Div Non Decr Years0
Ex-Date10-10 2025-10-10 (0.61)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)3.8%
Min EPS beat(2)3.07%
Max EPS beat(2)4.53%
EPS beat(4)4
Avg EPS beat(4)6.19%
Min EPS beat(4)3.07%
Max EPS beat(4)13.83%
EPS beat(8)8
Avg EPS beat(8)5.44%
EPS beat(12)11
Avg EPS beat(12)4.45%
EPS beat(16)14
Avg EPS beat(16)4.55%
Revenue beat(2)0
Avg Revenue beat(2)-1.27%
Min Revenue beat(2)-1.66%
Max Revenue beat(2)-0.89%
Revenue beat(4)1
Avg Revenue beat(4)-1.25%
Min Revenue beat(4)-3.37%
Max Revenue beat(4)0.93%
Revenue beat(8)2
Avg Revenue beat(8)-1.51%
Revenue beat(12)3
Avg Revenue beat(12)-1.24%
Revenue beat(16)5
Avg Revenue beat(16)-0.84%
PT rev (1m)-1.78%
PT rev (3m)-1.78%
EPS NQ rev (1m)-6.13%
EPS NQ rev (3m)-6.68%
EPS NY rev (1m)0.15%
EPS NY rev (3m)-0.04%
Revenue NQ rev (1m)-0.8%
Revenue NQ rev (3m)-0.94%
Revenue NY rev (1m)-0.56%
Revenue NY rev (3m)-0.63%
Valuation
Industry RankSector Rank
PE 12.18
Fwd PE 12.72
P/S 1.36
P/FCF 12.4
P/OCF 9.66
P/B 2.73
P/tB N/A
EV/EBITDA 10.42
EPS(TTM)4
EY8.21%
EPS(NY)3.83
Fwd EY7.86%
FCF(TTM)3.93
FCFY8.06%
OCF(TTM)5.04
OCFY10.35%
SpS35.91
BVpS17.82
TBVpS-24.82
PEG (NY)N/A
PEG (5Y)3.9
Profitability
Industry RankSector Rank
ROA 8.84%
ROE 30.71%
ROCE 12.88%
ROIC 10.3%
ROICexc 10.71%
ROICexgc 187.52%
OM 16.84%
PM (TTM) 15.24%
GM 34.39%
FCFM 10.94%
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-Score4
Asset Turnover0.58
Health
Industry RankSector Rank
Debt/Equity 1.29
Debt/FCF 6.87
Debt/EBITDA 3.25
Cap/Depr 110.48%
Cap/Sales 3.1%
Interest Coverage 6.25
Cash Conversion 71.48%
Profit Quality 71.81%
Current Ratio 0.66
Quick Ratio 0.4
Altman-Z 2.43
F-Score4
WACC6.58%
ROIC/WACC1.57
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)-11.11%
EPS 3Y2.23%
EPS 5Y3.12%
EPS Q2Q%-19.63%
EPS Next Y-12.36%
EPS Next 2Y-4.6%
EPS Next 3Y-1.27%
EPS Next 5Y0.42%
Revenue 1Y (TTM)-3.26%
Revenue growth 3Y0.86%
Revenue growth 5Y2.03%
Sales Q2Q%-6.82%
Revenue Next Year-4.69%
Revenue Next 2Y-2.59%
Revenue Next 3Y-1.06%
Revenue Next 5Y-0.04%
EBIT growth 1Y-9.08%
EBIT growth 3Y0.07%
EBIT growth 5Y2.04%
EBIT Next Year5.08%
EBIT Next 3Y2.73%
EBIT Next 5Y2.69%
FCF growth 1Y3.4%
FCF growth 3Y-5.85%
FCF growth 5Y-6.54%
OCF growth 1Y-2.78%
OCF growth 3Y-4.17%
OCF growth 5Y-4.51%