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.

Common Stock Valuation Ratios (Price Multiples)
Quarterly Data

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Historical Valuation Ratios (Summary)

General Mills Inc., historical price multiples (quarterly data)

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Nov 24, 2019 Aug 25, 2019 May 26, 2019 Feb 24, 2019 Nov 25, 2018 Aug 26, 2018 May 27, 2018 Feb 25, 2018 Nov 26, 2017 Aug 27, 2017 May 28, 2017 Feb 26, 2017 Nov 27, 2016 Aug 28, 2016 May 29, 2016 Feb 28, 2016 Nov 29, 2015 Aug 30, 2015 May 31, 2015 Feb 22, 2015 Nov 23, 2014 Aug 24, 2014 May 25, 2014 Feb 23, 2014 Nov 24, 2013 Aug 25, 2013
Price to earnings (P/E) 15.18 17.52 18.04 18.81 11.32 12.42 12.32 11.87 20.87 17.94 19.14 21.15 21.84 22.98 25.09 24.10 22.85 26.34 27.74 21.90 20.92 18.08 17.81
Price to operating profit (P/OP) 11.32 12.79 12.57 12.25 9.99 10.59 10.47 10.15 13.34 11.64 12.36 13.83 14.07 14.46 15.73 13.95 13.32 15.57 16.31 13.49 12.76 11.12 10.99
Price to sales (P/S) 1.92 1.96 1.87 1.74 1.41 1.64 1.67 1.66 2.15 1.92 2.03 2.19 2.23 2.37 2.57 2.14 1.96 1.95 1.92 1.79 1.79 1.74 1.81
Price to book value (P/BV) 4.17 4.46 4.48 4.17 3.46 4.23 4.28 5.23 7.90 7.60 7.33 8.47 8.53 7.86 8.64 7.42 7.08 6.93 6.78 5.79 5.55 4.99 4.97 4.94 4.68 4.66

Based on: 10-Q (reporting date: 2019-11-24), 10-Q (reporting date: 2019-08-25), 10-K (reporting date: 2019-05-26), 10-Q (reporting date: 2019-02-24), 10-Q (reporting date: 2018-11-25), 10-Q (reporting date: 2018-08-26), 10-K (reporting date: 2018-05-27), 10-Q (reporting date: 2018-02-25), 10-Q (reporting date: 2017-11-26), 10-Q (reporting date: 2017-08-27), 10-K (reporting date: 2017-05-28), 10-Q (reporting date: 2017-02-26), 10-Q (reporting date: 2016-11-27), 10-Q (reporting date: 2016-08-28), 10-K (reporting date: 2016-05-29), 10-Q (reporting date: 2016-02-28), 10-Q (reporting date: 2015-11-29), 10-Q (reporting date: 2015-08-30), 10-K (reporting date: 2015-05-31), 10-Q (reporting date: 2015-02-22), 10-Q (reporting date: 2014-11-23), 10-Q (reporting date: 2014-08-24), 10-K (reporting date: 2014-05-25), 10-Q (reporting date: 2014-02-23), 10-Q (reporting date: 2013-11-24), 10-Q (reporting date: 2013-08-25).

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. General Mills Inc. P/E ratio decreased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. General Mills Inc. P/OP ratio increased from Q4 2019 to Q1 2020 but then decreased significantly from Q1 2020 to Q2 2020.
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. General Mills Inc. P/S ratio increased from Q4 2019 to Q1 2020 but then slightly decreased from Q1 2020 to Q2 2020 not reaching Q4 2019 level.
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. General Mills Inc. P/BV ratio decreased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

Price to Earnings (P/E)

General Mills Inc., historical P/E calculation (quarterly data)

Microsoft Excel
Nov 24, 2019 Aug 25, 2019 May 26, 2019 Feb 24, 2019 Nov 25, 2018 Aug 26, 2018 May 27, 2018 Feb 25, 2018 Nov 26, 2017 Aug 27, 2017 May 28, 2017 Feb 26, 2017 Nov 27, 2016 Aug 28, 2016 May 29, 2016 Feb 28, 2016 Nov 29, 2015 Aug 30, 2015 May 31, 2015 Feb 22, 2015 Nov 23, 2014 Aug 24, 2014 May 25, 2014 Feb 23, 2014 Nov 24, 2013 Aug 25, 2013
No. shares of common stock outstanding1 604,816,813 604,393,769 601,959,611 598,790,681 596,748,917 596,229,932 593,367,848 570,162,724 569,043,789 568,338,468 577,099,679 576,135,402 580,011,272 591,383,342 597,020,906 594,401,538 593,345,187 597,687,535 598,737,719 596,089,958 603,747,687 603,747,687 612,508,457 614,492,206 624,536,334 634,262,701
Selected Financial Data (US$)
Net earnings attributable to General Mills (in thousands) 580,800 520,600 570,200 446,800 343,400 392,300 354,400 941,400 430,500 404,700 408,900 357,800 481,800 409,000 379,600 361,700 529,500 426,600 186,800 343,200 346,100 345,200 404,600 410,600 549,900 459,300
Earnings per share (EPS)2 3.50 3.11 2.91 2.57 3.40 3.55 3.59 3.83 2.82 2.91 2.87 2.83 2.81 2.84 2.84 2.53 2.50 2.18 2.04 2.41 2.50 2.83 2.98 0.00 0.00 0.00
Share price1, 3 53.18 54.53 52.52 48.29 38.55 44.13 44.26 45.51 58.76 52.17 54.97 59.76 61.45 65.26 71.32 61.01 57.23 57.41 56.59 52.86 52.19 51.22 53.05 50.74 49.73 50.15
Valuation Ratio
P/E ratio4 15.18 17.52 18.04 18.81 11.32 12.42 12.32 11.87 20.87 17.94 19.14 21.15 21.84 22.98 25.09 24.10 22.85 26.34 27.74 21.90 20.92 18.08 17.81
Benchmarks
P/E Ratio, Competitors5
Altria Group Inc.
Coca-Cola Co. 22.66 19.48 28.21
PepsiCo Inc. 27.27 26.13 27.83
Philip Morris International Inc. 16.76 15.71 18.94

Based on: 10-Q (reporting date: 2019-11-24), 10-Q (reporting date: 2019-08-25), 10-K (reporting date: 2019-05-26), 10-Q (reporting date: 2019-02-24), 10-Q (reporting date: 2018-11-25), 10-Q (reporting date: 2018-08-26), 10-K (reporting date: 2018-05-27), 10-Q (reporting date: 2018-02-25), 10-Q (reporting date: 2017-11-26), 10-Q (reporting date: 2017-08-27), 10-K (reporting date: 2017-05-28), 10-Q (reporting date: 2017-02-26), 10-Q (reporting date: 2016-11-27), 10-Q (reporting date: 2016-08-28), 10-K (reporting date: 2016-05-29), 10-Q (reporting date: 2016-02-28), 10-Q (reporting date: 2015-11-29), 10-Q (reporting date: 2015-08-30), 10-K (reporting date: 2015-05-31), 10-Q (reporting date: 2015-02-22), 10-Q (reporting date: 2014-11-23), 10-Q (reporting date: 2014-08-24), 10-K (reporting date: 2014-05-25), 10-Q (reporting date: 2014-02-23), 10-Q (reporting date: 2013-11-24), 10-Q (reporting date: 2013-08-25).

1 Data adjusted for splits and stock dividends.

2 Q2 2020 Calculation
EPS = (Net earnings attributable to General MillsQ2 2020 + Net earnings attributable to General MillsQ1 2020 + Net earnings attributable to General MillsQ4 2019 + Net earnings attributable to General MillsQ3 2019) ÷ No. shares of common stock outstanding
= (580,800,000 + 520,600,000 + 570,200,000 + 446,800,000) ÷ 604,816,813 = 3.50

3 Closing price as at the filing date of General Mills Inc. Quarterly or Annual Report.

4 Q2 2020 Calculation
P/E ratio = Share price ÷ EPS
= 53.18 ÷ 3.50 = 15.18

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. General Mills Inc. P/E ratio decreased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

Price to Operating Profit (P/OP)

General Mills Inc., historical P/OP calculation (quarterly data)

Microsoft Excel
Nov 24, 2019 Aug 25, 2019 May 26, 2019 Feb 24, 2019 Nov 25, 2018 Aug 26, 2018 May 27, 2018 Feb 25, 2018 Nov 26, 2017 Aug 27, 2017 May 28, 2017 Feb 26, 2017 Nov 27, 2016 Aug 28, 2016 May 29, 2016 Feb 28, 2016 Nov 29, 2015 Aug 30, 2015 May 31, 2015 Feb 22, 2015 Nov 23, 2014 Aug 24, 2014 May 25, 2014 Feb 23, 2014 Nov 24, 2013 Aug 25, 2013
No. shares of common stock outstanding1 604,816,813 604,393,769 601,959,611 598,790,681 596,748,917 596,229,932 593,367,848 570,162,724 569,043,789 568,338,468 577,099,679 576,135,402 580,011,272 591,383,342 597,020,906 594,401,538 593,345,187 597,687,535 598,737,719 596,089,958 603,747,687 603,747,687 612,508,457 614,492,206 624,536,334 634,262,701
Selected Financial Data (US$)
Operating profit (in thousands) 811,200 662,400 716,100 651,300 547,000 601,500 561,000 592,700 729,800 625,800 609,200 542,500 768,900 645,800 532,100 586,300 905,700 683,300 423,600 537,200 559,000 557,500 681,900 670,600 870,100 734,800
Operating profit per share2 4.70 4.26 4.18 3.94 3.86 4.17 4.23 4.49 4.41 4.48 4.45 4.32 4.37 4.51 4.53 4.37 4.30 3.69 3.47 3.92 4.09 4.60 4.83 0.00 0.00 0.00
Share price1, 3 53.18 54.53 52.52 48.29 38.55 44.13 44.26 45.51 58.76 52.17 54.97 59.76 61.45 65.26 71.32 61.01 57.23 57.41 56.59 52.86 52.19 51.22 53.05 50.74 49.73 50.15
Valuation Ratio
P/OP ratio4 11.32 12.79 12.57 12.25 9.99 10.59 10.47 10.15 13.34 11.64 12.36 13.83 14.07 14.46 15.73 13.95 13.32 15.57 16.31 13.49 12.76 11.12 10.99
Benchmarks
P/OP Ratio, Competitors5
Altria Group Inc. 7.36 7.00 7.65
Coca-Cola Co. 23.08 19.45 24.95
PepsiCo Inc. 19.07 18.53 19.78
Philip Morris International Inc. 11.29 10.67 12.92

Based on: 10-Q (reporting date: 2019-11-24), 10-Q (reporting date: 2019-08-25), 10-K (reporting date: 2019-05-26), 10-Q (reporting date: 2019-02-24), 10-Q (reporting date: 2018-11-25), 10-Q (reporting date: 2018-08-26), 10-K (reporting date: 2018-05-27), 10-Q (reporting date: 2018-02-25), 10-Q (reporting date: 2017-11-26), 10-Q (reporting date: 2017-08-27), 10-K (reporting date: 2017-05-28), 10-Q (reporting date: 2017-02-26), 10-Q (reporting date: 2016-11-27), 10-Q (reporting date: 2016-08-28), 10-K (reporting date: 2016-05-29), 10-Q (reporting date: 2016-02-28), 10-Q (reporting date: 2015-11-29), 10-Q (reporting date: 2015-08-30), 10-K (reporting date: 2015-05-31), 10-Q (reporting date: 2015-02-22), 10-Q (reporting date: 2014-11-23), 10-Q (reporting date: 2014-08-24), 10-K (reporting date: 2014-05-25), 10-Q (reporting date: 2014-02-23), 10-Q (reporting date: 2013-11-24), 10-Q (reporting date: 2013-08-25).

1 Data adjusted for splits and stock dividends.

2 Q2 2020 Calculation
Operating profit per share = (Operating profitQ2 2020 + Operating profitQ1 2020 + Operating profitQ4 2019 + Operating profitQ3 2019) ÷ No. shares of common stock outstanding
= (811,200,000 + 662,400,000 + 716,100,000 + 651,300,000) ÷ 604,816,813 = 4.70

3 Closing price as at the filing date of General Mills Inc. Quarterly or Annual Report.

4 Q2 2020 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 53.18 ÷ 4.70 = 11.32

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. General Mills Inc. P/OP ratio increased from Q4 2019 to Q1 2020 but then decreased significantly from Q1 2020 to Q2 2020.

Price to Sales (P/S)

General Mills Inc., historical P/S calculation (quarterly data)

Microsoft Excel
Nov 24, 2019 Aug 25, 2019 May 26, 2019 Feb 24, 2019 Nov 25, 2018 Aug 26, 2018 May 27, 2018 Feb 25, 2018 Nov 26, 2017 Aug 27, 2017 May 28, 2017 Feb 26, 2017 Nov 27, 2016 Aug 28, 2016 May 29, 2016 Feb 28, 2016 Nov 29, 2015 Aug 30, 2015 May 31, 2015 Feb 22, 2015 Nov 23, 2014 Aug 24, 2014 May 25, 2014 Feb 23, 2014 Nov 24, 2013 Aug 25, 2013
No. shares of common stock outstanding1 604,816,813 604,393,769 601,959,611 598,790,681 596,748,917 596,229,932 593,367,848 570,162,724 569,043,789 568,338,468 577,099,679 576,135,402 580,011,272 591,383,342 597,020,906 594,401,538 593,345,187 597,687,535 598,737,719 596,089,958 603,747,687 603,747,687 612,508,457 614,492,206 624,536,334 634,262,701
Selected Financial Data (US$)
Net sales (in thousands) 4,420,800 4,002,500 4,161,700 4,198,300 4,411,200 4,094,000 3,890,200 3,882,300 4,198,700 3,769,200 3,806,600 3,793,200 4,112,100 3,907,900 3,927,900 4,002,400 4,424,900 4,207,900 4,298,800 4,350,900 4,712,200 4,268,400 4,283,800 4,377,400 4,875,700 4,372,700
Sales per share2 27.75 27.75 28.02 27.71 27.28 26.94 26.53 27.46 27.36 27.24 27.07 27.32 27.50 27.50 27.74 28.49 29.13 29.40 29.45 29.55 29.22 29.49 29.24 0.00 0.00 0.00
Share price1, 3 53.18 54.53 52.52 48.29 38.55 44.13 44.26 45.51 58.76 52.17 54.97 59.76 61.45 65.26 71.32 61.01 57.23 57.41 56.59 52.86 52.19 51.22 53.05 50.74 49.73 50.15
Valuation Ratio
P/S ratio4 1.92 1.96 1.87 1.74 1.41 1.64 1.67 1.66 2.15 1.92 2.03 2.19 2.23 2.37 2.57 2.14 1.96 1.95 1.92 1.79 1.79 1.74 1.81
Benchmarks
P/S Ratio, Competitors5
Altria Group Inc. 3.02 2.82 3.14
Coca-Cola Co. 6.07 5.25 6.75
PepsiCo Inc. 2.76 2.78 3.03
Philip Morris International Inc. 4.19 3.98 4.57

Based on: 10-Q (reporting date: 2019-11-24), 10-Q (reporting date: 2019-08-25), 10-K (reporting date: 2019-05-26), 10-Q (reporting date: 2019-02-24), 10-Q (reporting date: 2018-11-25), 10-Q (reporting date: 2018-08-26), 10-K (reporting date: 2018-05-27), 10-Q (reporting date: 2018-02-25), 10-Q (reporting date: 2017-11-26), 10-Q (reporting date: 2017-08-27), 10-K (reporting date: 2017-05-28), 10-Q (reporting date: 2017-02-26), 10-Q (reporting date: 2016-11-27), 10-Q (reporting date: 2016-08-28), 10-K (reporting date: 2016-05-29), 10-Q (reporting date: 2016-02-28), 10-Q (reporting date: 2015-11-29), 10-Q (reporting date: 2015-08-30), 10-K (reporting date: 2015-05-31), 10-Q (reporting date: 2015-02-22), 10-Q (reporting date: 2014-11-23), 10-Q (reporting date: 2014-08-24), 10-K (reporting date: 2014-05-25), 10-Q (reporting date: 2014-02-23), 10-Q (reporting date: 2013-11-24), 10-Q (reporting date: 2013-08-25).

1 Data adjusted for splits and stock dividends.

2 Q2 2020 Calculation
Sales per share = (Net salesQ2 2020 + Net salesQ1 2020 + Net salesQ4 2019 + Net salesQ3 2019) ÷ No. shares of common stock outstanding
= (4,420,800,000 + 4,002,500,000 + 4,161,700,000 + 4,198,300,000) ÷ 604,816,813 = 27.75

3 Closing price as at the filing date of General Mills Inc. Quarterly or Annual Report.

4 Q2 2020 Calculation
P/S ratio = Share price ÷ Sales per share
= 53.18 ÷ 27.75 = 1.92

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. General Mills Inc. P/S ratio increased from Q4 2019 to Q1 2020 but then slightly decreased from Q1 2020 to Q2 2020 not reaching Q4 2019 level.

Price to Book Value (P/BV)

General Mills Inc., historical P/BV calculation (quarterly data)

Microsoft Excel
Nov 24, 2019 Aug 25, 2019 May 26, 2019 Feb 24, 2019 Nov 25, 2018 Aug 26, 2018 May 27, 2018 Feb 25, 2018 Nov 26, 2017 Aug 27, 2017 May 28, 2017 Feb 26, 2017 Nov 27, 2016 Aug 28, 2016 May 29, 2016 Feb 28, 2016 Nov 29, 2015 Aug 30, 2015 May 31, 2015 Feb 22, 2015 Nov 23, 2014 Aug 24, 2014 May 25, 2014 Feb 23, 2014 Nov 24, 2013 Aug 25, 2013
No. shares of common stock outstanding1 604,816,813 604,393,769 601,959,611 598,790,681 596,748,917 596,229,932 593,367,848 570,162,724 569,043,789 568,338,468 577,099,679 576,135,402 580,011,272 591,383,342 597,020,906 594,401,538 593,345,187 597,687,535 598,737,719 596,089,958 603,747,687 603,747,687 612,508,457 614,492,206 624,536,334 634,262,701
Selected Financial Data (US$)
Stockholders’ equity (in thousands) 7,712,300 7,382,800 7,054,500 6,930,400 6,651,800 6,225,100 6,141,100 4,965,600 4,230,700 3,903,800 4,327,900 4,063,400 4,180,600 4,908,300 4,930,200 4,888,800 4,797,000 4,949,100 4,996,700 5,441,200 5,672,300 6,202,300 6,534,800 6,307,700 6,633,400 6,824,300
Book value per share (BVPS)2 12.75 12.22 11.72 11.57 11.15 10.44 10.35 8.71 7.43 6.87 7.50 7.05 7.21 8.30 8.26 8.22 8.08 8.28 8.35 9.13 9.40 10.27 10.67 10.26 10.62 10.76
Share price1, 3 53.18 54.53 52.52 48.29 38.55 44.13 44.26 45.51 58.76 52.17 54.97 59.76 61.45 65.26 71.32 61.01 57.23 57.41 56.59 52.86 52.19 51.22 53.05 50.74 49.73 50.15
Valuation Ratio
P/BV ratio4 4.17 4.46 4.48 4.17 3.46 4.23 4.28 5.23 7.90 7.60 7.33 8.47 8.53 7.86 8.64 7.42 7.08 6.93 6.78 5.79 5.55 4.99 4.97 4.94 4.68 4.66
Benchmarks
P/BV Ratio, Competitors5
Altria Group Inc. 13.59 11.15 12.69 7.93 6.26 6.83
Coca-Cola Co. 11.91 10.75 13.26 12.50 12.48 11.51
PepsiCo Inc. 14.95 14.05 13.76 13.61 13.20 12.54
Philip Morris International Inc.

Based on: 10-Q (reporting date: 2019-11-24), 10-Q (reporting date: 2019-08-25), 10-K (reporting date: 2019-05-26), 10-Q (reporting date: 2019-02-24), 10-Q (reporting date: 2018-11-25), 10-Q (reporting date: 2018-08-26), 10-K (reporting date: 2018-05-27), 10-Q (reporting date: 2018-02-25), 10-Q (reporting date: 2017-11-26), 10-Q (reporting date: 2017-08-27), 10-K (reporting date: 2017-05-28), 10-Q (reporting date: 2017-02-26), 10-Q (reporting date: 2016-11-27), 10-Q (reporting date: 2016-08-28), 10-K (reporting date: 2016-05-29), 10-Q (reporting date: 2016-02-28), 10-Q (reporting date: 2015-11-29), 10-Q (reporting date: 2015-08-30), 10-K (reporting date: 2015-05-31), 10-Q (reporting date: 2015-02-22), 10-Q (reporting date: 2014-11-23), 10-Q (reporting date: 2014-08-24), 10-K (reporting date: 2014-05-25), 10-Q (reporting date: 2014-02-23), 10-Q (reporting date: 2013-11-24), 10-Q (reporting date: 2013-08-25).

1 Data adjusted for splits and stock dividends.

2 Q2 2020 Calculation
BVPS = Stockholders’ equity ÷ No. shares of common stock outstanding
= 7,712,300,000 ÷ 604,816,813 = 12.75

3 Closing price as at the filing date of General Mills Inc. Quarterly or Annual Report.

4 Q2 2020 Calculation
P/BV ratio = Share price ÷ BVPS
= 53.18 ÷ 12.75 = 4.17

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. General Mills Inc. P/BV ratio decreased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.