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

FRA:GRM • US3703341046

38.38 EUR
+0.01 (+0.01%)
Last: Mar 3, 2026, 07:00 PM
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

Taking everything into account, GRM scores 4 out of 10 in our fundamental rating. GRM was compared to 61 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 is valued correctly, but it does not seem to be growing. Finally GRM also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

8

1. GRM.DE Profitability Analysis

1.1 Basic Checks

  • GRM had positive earnings in the past year.
  • In the past year GRM had a positive cash flow from operations.
  • Each year in the past 5 years GRM has been profitable.
  • GRM had a positive operating cash flow in each of the past 5 years.
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 7.79%, GRM belongs to the top of the industry, outperforming 85.25% of the companies in the same industry.
  • The Return On Equity of GRM (27.23%) is better than 95.08% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 9.65%, GRM belongs to the top of the industry, outperforming 83.61% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for GRM is above the industry average of 6.64%.
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

  • GRM's Profit Margin of 13.51% is amongst the best of the industry. GRM outperforms 93.44% 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 better Operating Margin (15.95%) than 90.16% of its industry peers.
  • GRM's Operating Margin has been stable in the last couple of years.
  • Looking at the Gross Margin, with a value of 33.83%, GRM is in line with its industry, outperforming 55.74% of the companies in the same industry.
  • 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

  • GRM has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is 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.
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 2.37. 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 2.37, GRM is in line with its industry, outperforming 59.02% of the companies in the same industry.
  • 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 comparable to the rest of the industry.
  • A Debt/Equity ratio of 1.31 is on the high side and indicates that GRM has dependencies on debt financing.
  • GRM has a Debt to Equity ratio of 1.31. This is amonst the worse of the industry: GRM underperforms 80.33% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.31
Debt/FCF 7.7
Altman-Z 2.37
ROIC/WACC1.51
WACC6.4%
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's Current ratio of 0.66 is on the low side compared to the rest of the industry. GRM is outperformed by 90.16% 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 worse Quick ratio (0.39) than 81.97% of its industry peers.
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

  • GRM shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -20.43%.
  • GRM shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 3.12% yearly.
  • GRM shows a decrease in Revenue. In the last year, the revenue decreased by -5.65%.
  • Measured over the past years, GRM shows a small growth in Revenue. The Revenue has been growing by 2.03% on average per year.
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.
  • The Revenue is expected to decrease by -0.06% on average over the next years.
EPS Next Y-11.89%
EPS Next 2Y-5.35%
EPS Next 3Y-1.68%
EPS Next 5Y0.16%
Revenue Next Year-4.53%
Revenue Next 2Y-2.66%
Revenue Next 3Y-1.17%
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.
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 12.03, GRM is valued correctly.
  • 77.05% of the companies in the same industry are more expensive than GRM, based on the Price/Earnings ratio.
  • When comparing the Price/Earnings ratio of GRM to the average of the S&P500 Index (26.83), we can say GRM is valued rather cheaply.
  • A Price/Forward Earnings ratio of 11.81 indicates a reasonable valuation of GRM.
  • GRM's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. GRM is cheaper than 63.93% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of GRM to the average of the S&P500 Index (24.95), we can say GRM is valued rather cheaply.
Industry RankSector Rank
PE 12.03
Fwd PE 11.81
GRM.DE Price Earnings VS Forward Price EarningsGRM.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • GRM's Enterprise Value to EBITDA ratio is in line with the industry average.
  • Based on the Price/Free Cash Flow ratio, GRM is valued a bit cheaper than 68.85% of the companies in the same industry.
Industry RankSector Rank
P/FCF 13.33
EV/EBITDA 10.39
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.
PEG (NY)N/A
PEG (5Y)3.85
EPS Next 2Y-5.35%
EPS Next 3Y-1.68%

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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 5.43%, GRM is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 2.47, GRM pays a better dividend. On top of this GRM pays more dividend than 90.16% of the companies listed in the same industry.
  • GRM's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 5.43%

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

  • GRM pays out 52.10% of its income as dividend. This is a bit on the high side, but may be sustainable.
  • GRM's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP52.1%
EPS Next 2Y-5.35%
EPS Next 3Y-1.68%
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 (3/3/2026, 7:00:00 PM)

38.38

+0.01 (+0.01%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryFood Products
Earnings (Last)12-17
Earnings (Next)03-17
Inst Owners86.24%
Inst Owner ChangeN/A
Ins Owners0.28%
Ins Owner ChangeN/A
Market Cap20.48B
Revenue(TTM)18.78B
Net Income(TTM)2.54B
Analysts68
Price Target42.65 (11.13%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.43%
Yearly Dividend2.06
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)-9.07%
PT rev (3m)-10.42%
EPS NQ rev (1m)-9.07%
EPS NQ rev (3m)-17.06%
EPS NY rev (1m)0%
EPS NY rev (3m)0.61%
Revenue NQ rev (1m)-1.97%
Revenue NQ rev (3m)-2.69%
Revenue NY rev (1m)-0.02%
Revenue NY rev (3m)0.17%
Valuation
Industry RankSector Rank
PE 12.03
Fwd PE 11.81
P/S 1.27
P/FCF 13.33
P/OCF 10.07
P/B 2.55
P/tB N/A
EV/EBITDA 10.39
EPS(TTM)3.19
EY8.31%
EPS(NY)3.25
Fwd EY8.47%
FCF(TTM)2.88
FCFY7.5%
OCF(TTM)3.81
OCFY9.93%
SpS30.32
BVpS15.04
TBVpS-21.49
PEG (NY)N/A
PEG (5Y)3.85
Graham Number32.86
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 2.37
F-Score3
WACC6.4%
ROIC/WACC1.51
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-11.89%
EPS Next 2Y-5.35%
EPS Next 3Y-1.68%
EPS Next 5Y0.16%
Revenue 1Y (TTM)-5.65%
Revenue growth 3Y0.86%
Revenue growth 5Y2.03%
Sales Q2Q%-7.24%
Revenue Next Year-4.53%
Revenue Next 2Y-2.66%
Revenue Next 3Y-1.17%
Revenue Next 5Y-0.06%
EBIT growth 1Y-18.94%
EBIT growth 3Y0.06%
EBIT growth 5Y2.04%
EBIT Next Year1.78%
EBIT Next 3Y1.12%
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 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 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 12.03 and the Price/Book (PB) ratio is 2.55.


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 -11.89% in the next year.