Company Valuation: General Mills, Inc.

Data adjusted to current consolidation scope
Fiscal Period: May 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 38,337 41,709 49,637 38,559 29,231 18,508 - -
Change - 8.8% 19.01% -22.32% -24.19% -36.68% - -
Enterprise Value (EV) 1 49,443 52,760 60,758 51,071 43,746 31,396 31,024 30,743
Change - 6.71% 15.16% -15.94% -14.34% -28.23% -1.19% -0.91%
P/E ratio 16.6x 15.7x 19.6x 15.8x 13x 7.88x 10.4x 9.85x
PBR 4.03x 3.93x 4.74x 4.06x 3.15x 1.96x 1.88x 1.81x
PEG - 0.9x -7.88x - -2.67x 1.07x -0.4x 1.84x
Capitalization / Revenue 2.11x 2.2x 2.47x 1.94x 1.5x 1x 1.03x 1.02x
EV / Revenue 2.73x 2.78x 3.02x 2.57x 2.24x 1.7x 1.72x 1.69x
EV / EBITDA 13.2x 13.9x 15.2x 12.3x 11.2x 9.45x 9.59x 9.35x
EV / EBIT 15.7x 16.4x 17.6x 14.2x 13x 11.5x 11.6x 11.3x
EV / FCF 20.2x 19.2x 29.1x 20.2x 19.1x 17.2x 18.1x 16.5x
FCF Yield 4.96% 5.21% 3.44% 4.95% 5.24% 5.81% 5.52% 6.05%
Dividend per Share 2 2.02 2.04 2.16 2.36 2.4 2.444 2.455 2.498
Rate of return 3.21% 2.95% 2.56% 3.46% 4.5% 7.05% 7.08% 7.2%
EPS 2 3.78 4.42 4.31 4.31 4.1 4.401 3.344 3.522
Distribution rate 53.4% 46.2% 50.1% 54.8% 58.5% 55.5% 73.4% 70.9%
Net sales 1 18,127 18,993 20,094 19,857 19,487 18,426 17,989 18,196
EBITDA 1 3,754 3,784 4,004 4,155 3,892 3,324 3,236 3,288
EBIT 1 3,153 3,213 3,457 3,603 3,353 2,740 2,666 2,720
Net income 1 2,340 2,707 2,594 2,497 2,295 2,328 1,755 1,814
Net Debt 1 11,107 11,051 11,120 12,512 14,515 12,888 12,516 12,235
Reference price 2 62.85 69.26 84.51 68.30 53.38 34.68 34.68 34.68
Nbr of stocks (in thousands) 6,09,971 6,02,212 5,87,354 5,64,549 5,47,601 5,33,681 - -
Announcement Date 30/06/21 29/06/22 28/06/23 26/06/24 25/06/25 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
7.88x1.7x9.45x7.05% 1.85TCr
19.27x2.82x13.83x4.05% 26TCr
21.81x2.48x14.59x3.36% 7.9TCr
16.66x1.71x9.66x3.73% 4.73TCr
23.24x3.42x13.9x3.1% 3.77TCr
17.08x0.53x10.17x2.67% 3.74TCr
37.54x3.26x18.17x0.95% 3.07TCr
86.61x12.6x56.24x0.94% 3.03TCr
11.41x1.88x9.23x6.7% 2.84TCr
Average 26.83x 3.38x 17.25x 3.62% 6.29TCr
Weighted average by Cap. 23.35x 3.03x 15.48x 3.67%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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