General Mills Inc
Exchange: NYSESector: Consumer DefensiveIndustry: Packaged Foods
General Mills makes food the world loves. The company is guided by its Accelerate strategy to boldly build its brands, relentlessly innovate, unleash its scale and stand for good. Its portfolio of beloved brands includes household names like Cheerios, Nature Valley, Blue Buffalo, Häagen-Dazs, Old El Paso, Pillsbury, Betty Crocker, Totino’s, Annie’s, Wanchai Ferry, Yoki and more. General Mills generated fiscal 2025 net sales of U.S. $19 billion. In addition, the company’s share of non-consolidated joint venture net sales totaled U.S. $1 billion.
Did you know?
Carries 40.9x more debt than cash on its balance sheet.
Current Price
$37.42
+0.56%GoodMoat Value
$57.78
54.4% undervaluedProfile
Valuation (TTM)
Market Cap$19.97B
P/E9.02
EV$33.12B
P/B2.17
Shares Out533.58M
P/Sales1.09
Revenue$18.37B
EV/EBITDA8.25
General Mills Inc (GIS) Stock Analysis
GoodMoat Analysis
General Mills appears to be a financially stable, high-yielding business trading at a significant discount to its estimated intrinsic value. However, its moat is likely narrow, and the investment case hinges on whether its price advantage outweighs its weak growth profile and high debt.
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General Mills is a major player in the packaged foods industry, producing well-known brands like Cheerios and Betty Crocker. Applying the GoodMoat framework, the company's moat is likely narrow but present. It scores on criteria such as Brand & Culture, given its portfolio of household names, and potentially on Niche Dominance in certain categories. It may also benefit from Scale Privilege in manufacturing and distribution. A precise moat score is difficult without deeper brand data, but it likely meets the minimum threshold of 5. The company exhibits strong quality indicators in some areas, with a robust ROE of 24.1% and a high FCF Yield of 11.9%, but is weighed down by high debt (Debt/Equity of 1.62) and negative revenue growth of -7.2% YoY. The valuation is the most compelling aspect. With a P/E of 8.7 and the GoodMoat Target of $57.78, the current price of $36.17 implies a potential margin of safety of approximately 37%, which falls into the 'Favourable' (20-40%) band in the Decision Framework. This suggests the stock is priced for significant pessimism. For a value investor, this creates a classic tension: a financially sound, high-dividend business available at a deep discount, but one facing clear headwinds in growth and leverage. It passes the initial Moat & Quality Gate but requires careful investigation of its debt sustainability and growth strategy before proceeding. Analysis based on data as of 2024-05-15.
Market Cap$19.97B
Current Price$37.42
P/E Ratio9.02
Forward P/E—
PEG Ratio-0.18
EPS$4.10
Book Value$17.24
P/B Ratio2.17
GIS Financial Charts
FCF vs CAPEX
FCFCAPEX
Forward estimates use 0.1% FCF growth (CAGR)
Cash vs Debt
Net Debt: 14.5B
Revenue
16.9B
FY19
17.6B
FY20
18.1B
FY21
19.0B
FY22
20.1B
FY23
19.9B
FY24
19.5B
FY25
Net Income
1.8B
FY19
2.2B
FY20
2.3B
FY21
2.7B
FY22
2.6B
FY23
2.5B
FY24
2.3B
FY25
GIS 52-Week Range
$36.02
$56.82
50-Day MA: $42.92200-Day MA: $46.46
Did you know?
Profit margin stands at 12.1%.
General Mills Inc (GIS) Financial Summary
General Mills Inc (GIS) is a Consumer Defensive company in the Packaged Foods industry, listed on NYSE. The stock currently trades at $37.42 with a market capitalization of $19.97B.
Key valuation metrics include a P/E ratio of 9.02, price-to-book ratio of 2.17, and EPS of $4.10. The company reports a profit margin of 12.1% and return on equity of 24.1%.
GIS Key Financial Metrics
| Metric | Value |
|---|---|
| Market Cap | $19.97B |
| P/E Ratio | 9.02 |
| EPS | $4.10 |
| P/B Ratio | 2.17 |
| P/S Ratio | 1.09 |
| EV/EBITDA | 8.25 |
| Dividend Yield | 6.70% |
| Profit Margin | 12.1% |
| Return on Equity | 24.1% |
| Debt/Equity | 1.62 |
GIS Revenue & Earnings History
| Year | Revenue | Net Income |
|---|---|---|
| FY19 | $16.87B | $1.75B |
| FY20 | $17.63B | $2.18B |
| FY21 | $18.13B | $2.34B |
| FY22 | $18.99B | $2.71B |
| FY23 | $20.09B | $2.59B |
| FY24 | $19.86B | $2.50B |
| FY25 | $19.49B | $2.30B |
General Mills Inc (GIS) Valuation
Based on GoodMoat's DCF model, General Mills Inc has a fair value estimate of $57.78. At the current price of $37.42, the stock appears 35.2% undervalued relative to our intrinsic value estimate.
GIS Quality Indicators
General Mills Inc maintains a profit margin of 12.1% and an operating margin of 17.0%. Return on equity stands at 24.1%. The current ratio is 0.67. Debt-to-equity ratio is 1.62.
About General Mills Inc
General Mills makes food the world loves. The company is guided by its Accelerate strategy to boldly build its brands, relentlessly innovate, unleash its scale and stand for good. Its portfolio of beloved brands includes household names like Cheerios, Nature Valley, Blue Buffalo, Häagen-Dazs, Old El Paso, Pillsbury, Betty Crocker, Totino’s, Annie’s, Wanchai Ferry, Yoki and more. General Mills generated fiscal 2025 net sales of U.S. $19 billion. In addition, the company’s share of non-consolidated joint venture net sales totaled U.S. $1 billion.
GIS Free Cash Flow
General Mills Inc generated $2.29B in trailing twelve-month free cash flow, representing an FCF yield of 11.49%. This strong FCF yield suggests the company generates substantial cash relative to its market value.
GIS Shares Outstanding
General Mills Inc has 0.53 billion shares outstanding at a share price of $37.42, giving it a market capitalization of $19.97B.
GIS Recent Insider Trades
Recent insider transactions at General Mills Inc include:
| Insider | Type | Shares | Value |
|---|---|---|---|
| Gallagher Paul Joseph (Chief Supply Chain Officer) | SELL | 1,500 | $72230.85 |