Stock Analysis on Net

General Mills Inc. (NYSE:GIS)

This company has been moved to the archive! The financial data has not been updated since December 18, 2019.

Enterprise Value (EV) 

Microsoft Excel

Current Enterprise Value (EV)

General Mills Inc., current enterprise value calculation

Microsoft Excel
Current share price (P) $53.18
No. shares of common stock outstanding 604,816,813
US$ in thousands
Common equity (market value)1 32,164,158
Add: Noncontrolling interests (per books) 313,200
Total equity 32,477,358
Add: Current portion of long-term debt (per books) 1,396,500
Add: Notes payable (per books) 1,468,700
Add: Long-term debt, excluding current portion (per books) 11,624,800
Total equity and debt 46,967,358
Less: Cash and cash equivalents 450,000
Enterprise value (EV) 46,517,358

Based on: 10-K (reporting date: 2019-05-26).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 53.18 × 604,816,813


Historical Enterprise Value (EV)

General Mills Inc., EV calculation

Microsoft Excel
May 26, 2019 May 27, 2018 May 28, 2017 May 29, 2016 May 31, 2015 May 25, 2014
Share price1, 2 $52.52 $44.26 $54.97 $71.32 $56.59 $53.05
No. shares of common stock outstanding1 601,959,611 593,367,848 577,099,679 597,020,906 598,737,719 612,508,457
US$ in thousands
Common equity (market value)3 31,614,919 26,262,461 31,723,169 42,579,531 33,882,568 32,493,574
Add: Noncontrolling interests (book value) 313,200 351,300 357,600 376,900 396,000 470,600
Total equity 31,928,119 26,613,761 32,080,769 42,956,431 34,278,568 32,964,174
Add: Current portion of long-term debt (book value) 1,396,500 1,600,100 604,700 1,103,400 1,000,400 1,250,600
Add: Notes payable (book value) 1,468,700 1,549,800 1,234,100 269,800 615,800 1,111,700
Add: Long-term debt, excluding current portion (book value) 11,624,800 12,668,700 7,642,900 7,057,700 7,607,700 6,423,500
Total equity and debt 46,418,119 42,432,361 41,562,469 51,387,331 43,502,468 41,749,974
Less: Cash and cash equivalents 450,000 399,000 766,100 763,700 334,200 867,300
Enterprise value (EV) 45,968,119 42,033,361 40,796,369 50,623,631 43,168,268 40,882,674

Based on: 10-K (reporting date: 2019-05-26), 10-K (reporting date: 2018-05-27), 10-K (reporting date: 2017-05-28), 10-K (reporting date: 2016-05-29), 10-K (reporting date: 2015-05-31), 10-K (reporting date: 2014-05-25).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of General Mills Inc. Annual Report.

3 2019 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 52.52 × 601,959,611

Item Description The company
EV Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments. General Mills Inc. EV increased from 2017 to 2018 and from 2018 to 2019.