General Mills
Market Cap
€34.4b
Last Updated
2020/06/03 10:02 UTC
Data Sources
Company Financials +
Executive Summary
General Mills, Inc. manufactures and markets branded consumer foods worldwide.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of -0.05% per year for the next 3 years
Snowflake Analysis
Solid track record established dividend payer.
Similar Companies
Share Price & News
How has General Mills's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GIS has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
3.3%
GIS
1.5%
AT Food
4.5%
AT Market
1 Year Return
23.4%
GIS
-0.1%
AT Food
-15.6%
AT Market
Return vs Industry: GIS exceeded the Austrian Food industry which returned -0.3% over the past year.
Return vs Market: GIS exceeded the Austrian Market which returned -18.2% over the past year.
Shareholder returns
| GIS | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.3% | 1.5% | 4.5% |
| 30 Day | 3.1% | 2.9% | 6.6% |
| 90 Day | 16.5% | -1.8% | -6.5% |
| 1 Year | 27.9%23.4% | 2.0%-0.1% | -14.7%-15.6% |
| 3 Year | n/a | 17.8%11.0% | -11.8%-18.6% |
| 5 Year | n/a | 46.6%33.1% | 18.8%3.8% |
Price Volatility Vs. Market
How volatile is General Mills's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is General Mills undervalued compared to its fair value and its price relative to the market?
29.2%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: GIS (€56.39) is trading below our estimate of fair value (€79.67)
Significantly Below Fair Value: GIS is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: GIS is poor value based on its PE Ratio (18.1x) compared to the Food industry average (17.1x).
PE vs Market: GIS is poor value based on its PE Ratio (18.1x) compared to the Austrian market (10.8x).
Price to Earnings Growth Ratio
PEG Ratio: GIS's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: GIS is overvalued based on its PB Ratio (5.1x) compared to the XE Food industry average (1.1x).
Next Steps
Future Growth
How is General Mills forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?
-0.05%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GIS's earnings are forecast to decline over the next 3 years (-0.05% per year).
Earnings vs Market: GIS's earnings are forecast to decline over the next 3 years (-0.05% per year).
High Growth Earnings: GIS's earnings are forecast to decline over the next 3 years.
Revenue vs Market: GIS's revenue is expected to decline over the next 3 years (-0.8% per year).
High Growth Revenue: GIS's revenue is forecast to decline over the next 3 years (-0.8% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: GIS's Return on Equity is forecast to be high in 3 years time (22.7%)
Next Steps
Past Performance
How has General Mills performed over the past 5 years?
8.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GIS has high quality earnings.
Growing Profit Margin: GIS's current net profit margins (12.7%) are higher than last year (9.3%).
Past Earnings Growth Analysis
Earnings Trend: GIS's earnings have grown by 8.3% per year over the past 5 years.
Accelerating Growth: GIS's earnings growth over the past year (37.8%) exceeds its 5-year average (8.3% per year).
Earnings vs Industry: GIS earnings growth over the past year (37.8%) exceeded the Food industry 0.1%.
Return on Equity
High ROE: Whilst GIS's Return on Equity (25.78%) is high, this metric is skewed due to their high level of debt.
Next Steps
Financial Health
How is General Mills's financial position?
Financial Position Analysis
Short Term Liabilities: GIS's short term assets ($4.3B) do not cover its short term liabilities ($6.7B).
Long Term Liabilities: GIS's short term assets ($4.3B) do not cover its long term liabilities ($15.2B).
Debt to Equity History and Analysis
Debt Level: GIS's debt to equity ratio (162.3%) is considered high.
Reducing Debt: GIS's debt to equity ratio has increased from 154.6% to 162.3% over the past 5 years.
Debt Coverage: GIS's debt is well covered by operating cash flow (21.6%).
Interest Coverage: GIS's interest payments on its debt are well covered by EBIT (6.4x coverage).
Balance Sheet
Next Steps
Dividend
What is General Mills's current dividend yield, its reliability and sustainability?
3.09%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: GIS's dividend (3.09%) is higher than the bottom 25% of dividend payers in the Austrian market (1.68%).
High Dividend: GIS's dividend (3.09%) is low compared to the top 25% of dividend payers in the Austrian market (4.96%).
Stability and Growth of Payments
Stable Dividend: GIS's dividends per share have been stable in the past 10 years.
Growing Dividend: GIS's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (55.9%), GIS's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: GIS's dividends in 3 years are forecast to be covered by earnings (51.6% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.0yrs
Average management tenure
CEO
Jeff Harmening (52yo)
3yrs
Tenure
US$9,855,417
Compensation
Mr. Jeffrey L. Harmening, also known as Jeff, has been the Chief Executive Officer at General Mills, Inc. since June 1, 2017. Mr. Harmening served as the President of General Mills, Inc. since July 1, 2016 ...
CEO Compensation Analysis
Compensation vs Market: Jeff's total compensation ($USD9.86M) is above average for companies of similar size in the Austrian market ($USD3.83M).
Compensation vs Earnings: Jeff's compensation has increased by more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 3yrs | US$9.86m | 0.042% $14.3m | |
| Strategic Advisor | 0.33yr | US$4.00m | 0.029% $10.1m | |
| Chief Supply Chain Officer & Global Business Solutions Officer | 12.17yrs | US$3.18m | 0.0086% $3.0m | |
| Group President of North America Retail | 3.42yrs | US$4.43m | 0.0097% $3.3m | |
| Chief Financial Officer | 0.33yr | no data | 0.0021% $728.6k | |
| Chief Investment Officer | 11.42yrs | no data | no data | |
| VP & Chief Accounting Officer | 0.33yr | no data | 0.0018% $632.3k | |
| Chief Digital & Technology Officer | 0.33yr | no data | no data | |
| Vice President of Investor Relations | no data | no data | no data | |
| Senior VP | 5.33yrs | US$2.88m | 0.0074% $2.6m |
3.0yrs
Average Tenure
52yo
Average Age
Experienced Management: GIS's management team is considered experienced (3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 3yrs | US$9.86m | 0.042% $14.3m | |
| Independent Director | 5.58yrs | US$279.98k | 0.0043% $1.5m | |
| Independent Director | 2yrs | US$254.98k | 0.00084% $288.7k | |
| Independent Director | 15.67yrs | US$269.98k | 0.025% $8.8m | |
| Independent Director | 4.5yrs | US$259.98k | no data | |
| Independent Director | 1.58yrs | US$236.25k | 0.00069% $237.1k | |
| Independent Director | 4yrs | US$271.23k | 0.0032% $1.1m | |
| Independent Director | 4yrs | US$254.98k | 0.0022% $762.9k | |
| Independent Director | 4.5yrs | US$269.98k | no data | |
| Independent Lead Director | 4.5yrs | US$284.98k | 0.0084% $2.9m |
4.3yrs
Average Tenure
61yo
Average Age
Experienced Board: GIS's board of directors are considered experienced (4.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: GIS insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
General Mills, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: General Mills, Inc.
- Ticker: GIS
- Exchange: WBAG
- Founded: 1866
- Industry: Packaged Foods and Meats
- Sector: Food, Beverage & Tobacco
- Market Cap: US$38.441b
- Listing Market Cap: US$34.367b
- Shares outstanding: 606.14m
- Website: https://www.generalmills.com
Number of Employees
Location
- General Mills, Inc.
- Number One General Mills Boulevard
- Minneapolis
- Minnesota
- 55426
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| GIS | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Jan 1968 |
| GRM | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jan 1968 |
| GRM | XTRA (XETRA Trading Platform) | Yes | Common Stock | DE | EUR | Jan 1968 |
| GIS | SWX (SIX Swiss Exchange) | Yes | Common Stock | CH | CHF | Jan 1968 |
| 0R1X | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Jan 1968 |
| GIS | WBAG (Wiener Boerse AG) | Yes | Common Stock | AT | EUR | Jan 1968 |
| GRM | ETLX (Eurotlx) | Yes | Common Stock | IT | EUR | Jan 1968 |
| GIS * | BMV (Bolsa Mexicana de Valores) | Yes | Common Stock | MX | MXN | Jan 1968 |
| G1MI34 | BOVESPA (Bolsa de Valores de Sao Paulo) | BDR EACH REPR 1 SHS UNSPON | BR | BRL | Jan 2020 |
Biography
General Mills, Inc. manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, frozen pizza and pizza snacks, grain, fruit, and savory snacks, as well as organic products, including refrigerated yogurt, nutrition bars, meal kits, salty snacks, ready-to-eat cereal, and grain snacks. It also supplies branded and unbranded food products to the North American foodservice and commercial baking industries; and manufactures and markets pet food products, including dog and cat food. The company markets its products under the Annie’s, Betty Crocker, Bisquick, Blue Buffalo, BLUE Basics, BLUE Freedom, BLUE Wilderness, Bugles, Cascadian Farm, Cheerios, Chex, Cinnamon Toast Crunch, Cocoa Puffs, Cookie Crisp, EPIC, Fiber One, Food Should Taste Good, Fruit by the Foot, Fruit Gushers, Fruit Roll-Ups, Gardetto’s, Go-Gurt, Gold Medal, Golden Grahams, Häagen-Dazs, Helpers, Jeno’s, Jus-Rol, Kitano, Kix, Lärabar, Latina, Liberté, Lucky Charms, Muir Glen, Nature Valley, Oatmeal Crisp, Old El Paso, Pillsbury, Progresso, Raisin Nut Bran, Total, Totino’s, Trix, Wanchai Ferry, Wheaties, Yoki, and Yoplait trademarks. General Mills, Inc. sells its products directly, as well as through broker and distribution arrangements to grocery stores, mass merchandisers, membership stores, natural food chains, e-commerce retailers, commercial and noncommercial foodservice distributors and operators, restaurants, convenience stores, and pet specialty stores, as well as drug, dollar, and discount chains. It operates 525 leased and 365 franchise branded ice cream parlors. General Mills, Inc. was founded in 1866 and is headquartered in Minneapolis, Minnesota.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/06/03 10:02 |
| End of Day Share Price | 2020/06/02 00:00 |
| Earnings | 2020/02/23 |
| Annual Earnings | 2019/05/26 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.