General Mills Financials

GIS Stock  USD 65.53  0.53  0.82%   
Based on the key indicators related to General Mills' liquidity, profitability, solvency, and operating efficiency, General Mills may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. At this time, General Mills' Cash And Short Term Investments are comparatively stable compared to the past year. Non Current Liabilities Total is likely to gain to about 15.5 B in 2024, whereas Other Current Liabilities is likely to drop slightly above 1 B in 2024. Key indicators impacting General Mills' financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Net Profit Margin0.120.1257
Sufficiently Down
Slightly volatile
Return On Assets0.07080.0793
Fairly Down
Pretty Stable
Return On Equity0.270.2657
Fairly Up
Slightly volatile
Debt Equity Ratio1.681.3759
Fairly Up
Slightly volatile
Operating Income1.9 B3.4 B
Way Down
Slightly volatile
Current Ratio0.680.6513
Sufficiently Up
Slightly volatile
The financial analysis of General Mills is a critical element in measuring its lifeblood. Investors should not minimize General Mills' ability to pay suppliers or employees on time, ensuring interest payments are not accumulating.

Cash And Equivalents

935.47 Million

  
Understanding current and past General Mills Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of General Mills' financial statements are interrelated, with each one affecting the others. For example, an increase in General Mills' assets may result in an increase in income on the income statement.
Please note, the imprecision that can be found in General Mills' accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of General Mills. Check General Mills' Beneish M Score to see the likelihood of General Mills' management manipulating its earnings.

General Mills Stock Summary

General Mills competes with Campbell Soup, Kraft Heinz, ConAgra Foods, Hormel Foods, and Kellanova. General Mills, Inc. manufactures and markets branded consumer foods worldwide. General Mills, Inc. was founded in 1866 and is headquartered in Minneapolis, Minnesota. General Mills operates under Packaged Foods classification in the United States and is traded on New York Stock Exchange. It employs 32500 people.
Foreign Associate
  Germany
Specialization
Consumer Defensive, Food, Beverage & Tobacco
InstrumentUSA Stock View All
ExchangeNew York Stock Exchange
ISINUS3703341046
CUSIP370334104
LocationMinnesota; U.S.A
Business AddressOne General Mills
SectorFood Products
IndustryConsumer Staples
BenchmarkDow Jones Industrial
Websitewww.generalmills.com
Phone763 764 7600
CurrencyUSD - US Dollar

General Mills Key Financial Ratios

General Mills Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets30.8B31.8B31.1B31.5B31.5B16.0B
Other Current Liab1.6B1.6B1.4B1.4B1.2B1.0B
Net Debt11.9B11.1B11.1B11.1B12.9B13.5B
Retained Earnings16.0B17.1B18.5B19.8B21.0B22.0B
Accounts Payable3.2B3.7B4.0B4.2B4.0B4.2B
Cash1.7B1.5B569.4M585.5M418M459.7M
Net Receivables1.6B1.6B1.7B2.0B1.9B1.0B
Inventory1.4B1.8B1.9B2.2B1.9B1.1B
Other Current Assets402.1M652M924.7M285.4M326.1M342.8M
Total Liab21.9B21.5B20.3B20.8B21.8B11.2B
Total Current Assets5.1B5.8B5.1B5.2B4.6B3.0B
Short Term Debt2.6B2.9B2.6B1.8B1.7B1.5B
Intangible Assets7.1B7.2B7.0B7.0B7.0B4.7B
Good Will13.9B14.1B14.4B14.5B14.8B8.2B
Other Liab3.2B3.1B3.1B3.3B3.7B2.3B
Other Assets153.9M322.6M1.2B358.3M322.5M583.5M
Long Term Debt10.9B9.8B9.1B10.0B11.3B7.5B
Treasury Stock(6.8B)(6.4B)(6.6B)(8.4B)(7.6B)(7.9B)
Net Tangible Assets(12.4B)(11.7B)(10.8B)(11.0B)(9.9B)(10.4B)
Long Term Debt Total10.9B9.8B9.1B10.0B11.5B9.3B

General Mills Key Income Statement Accounts

The reason investors look at the income statement is to determine what General Mills' earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201920202021202220232024 (projected)
Interest Expense472.5M427.7M383.4M396.1M498M522.9M
Total Revenue17.6B18.1B19.0B20.1B19.9B12.4B
Gross Profit6.1B6.4B6.4B6.5B6.9B4.9B
Operating Income3.0B3.1B3.5B2.7B3.4B1.9B
Ebit3.0B3.3B3.6B3.5B3.5B2.0B
Ebitda3.6B3.9B4.2B4.1B4.1B2.4B
Cost Of Revenue11.5B11.7B12.6B13.5B13.0B7.5B
Income Before Tax2.6B2.9B3.2B3.1B3.0B1.6B
Net Income2.2B2.3B2.7B2.6B2.5B2.6B
Income Tax Expense480.5M629.1M586.3M612.2M594.5M440.7M
Research Development224.4M239.3M243.1M257.6M257.8M222.5M
Non Recurring275.1M24.4M170.4M56.2M64.6M61.4M
Minority Interest29.6M907.7M(27.7M)15.7M(22M)(20.9M)
Tax Provision480.5M629.1M586.3M612.2M594.5M585.7M
Net Interest Income(466.5M)(420.3M)(379.6M)(382.1M)(479.2M)(503.2M)
Interest Income6M7.4M3.8M14M18.8M10.1M

General Mills Key Cash Accounts

201920202021202220232024 (projected)
Change In Cash1.2B(172.6M)(935.8M)16.1M(167.5M)(159.1M)
Free Cash Flow3.2B2.5B2.7B2.1B2.5B2.7B
Depreciation594.7M601.3M570.3M546.6M552.7M406.0M
Other Non Cash Items11.5M(16.9M)(427.5M)(418.2M)195.9M205.7M
Dividends Paid1.2B1.2B1.2B1.3B1.4B1.4B
Capital Expenditures460.8M530.8M568.7M689.5M774.1M539.7M
Net Income2.2B2.3B2.7B2.6B2.5B2.6B
End Period Cash Flow1.7B1.5B569.4M585.5M418M380.3M
Change To Inventory103.1M(354.7M)(85.8M)(319M)287.6M302.0M
Net Borrowings(917.2M)(960.8M)(385.8M)133.4M120.1M114.1M
Change To Netincome76.8M198M(238.9M)(328.7M)(295.8M)(281.0M)
Investments(486.2M)15.5M15.4M(346.4M)(1.2B)(1.3B)

General Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining General Mills's current stock value. Our valuation model uses many indicators to compare General Mills value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across General Mills competition to find correlations between indicators driving General Mills's intrinsic value. More Info.
General Mills is rated # 3 in return on equity category among its peers. It is rated # 2 in return on asset category among its peers reporting about  0.30  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for General Mills is roughly  3.33 . At this time, General Mills' Return On Equity is comparatively stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value General Mills by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

General Mills Systematic Risk

General Mills' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. General Mills volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twelve with a total number of output elements of fourty-nine. The Beta measures systematic risk based on how returns on General Mills correlated with the market. If Beta is less than 0 General Mills generally moves in the opposite direction as compared to the market. If General Mills Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one General Mills is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of General Mills is generally in the same direction as the market. If Beta > 1 General Mills moves generally in the same direction as, but more than the movement of the benchmark.

General Mills Thematic Clasifications

General Mills is part of Food Products investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. USA Equities from Food Products industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions
Food ProductsView
This theme covers USA Equities from Food Products industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions. Get More Thematic Ideas
Today, most investors in General Mills Stock are looking for potential investment opportunities by analyzing not only static indicators but also various General Mills' growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of General Mills growth as a starting point in their analysis.

Price Earnings To Growth Ratio

0.77

At this time, General Mills' Price Earnings To Growth Ratio is comparatively stable compared to the past year.

General Mills November 25, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of General Mills help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of General Mills. We use our internally-developed statistical techniques to arrive at the intrinsic value of General Mills based on widely used predictive technical indicators. In general, we focus on analyzing General Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build General Mills's daily price indicators and compare them against related drivers.

Additional Tools for General Stock Analysis

When running General Mills' price analysis, check to measure General Mills' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy General Mills is operating at the current time. Most of General Mills' value examination focuses on studying past and present price action to predict the probability of General Mills' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move General Mills' price. Additionally, you may evaluate how the addition of General Mills to your portfolios can decrease your overall portfolio volatility.