General Mills Inc. (GIS)

Index:

S&P 500

$ 57.51
   
  • Change Today:
    $1.04
  • 52 Week High: $75.15
  • 52 Week Low: $56.45
  • Currency: US Dollars
  • Shares Issued: 2.66m
  • Volume: 3,369,313
  • Market Cap: $153.09m
  • RiskGrade: 106
  • Beta: 0.01

Fundamentals - based on IFRS

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Income Statement 26-May-24 28-May-23 29-May-22 30-May-21 31-May-20
Continuing Operations          
Revenue 19,857.20 20,094.20 18,992.80 18,127.00 17,626.60
Operating Profit/(Loss) 3,431.70 3,433.80 3,475.80 3,144.80 2,953.90
Profit Before Tax 3,028.30 3,140.50 3,321.30 2,975.10 2,691.30
Profit After Tax 2,518.60 2,609.60 2,735.00 2,346.00 2,210.80
           
Earnings per Share - Basic 434.00¢ 436.00¢ 446.00¢ 381.00¢ 359.00¢
Earnings per Share - Adjusted 434.00¢ 436.00¢ 442.00¢ 381.00¢ 359.00¢
           
Dividend per Share n/a n/a 204.00¢ 202.00¢ 196.00¢
  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Balance Sheet 26-May-24 28-May-23 29-May-22 30-May-21 31-May-20
Assets          
Non-Current Assets          
Property, Plant & Equipment 3,863.90 3,636.20 3,393.80 3,606.80 3,580.60
Intangible Assets 21,730.60 7,543.60 21,378.40 21,213.00 21,019.00
Other Non-Current Assets 1,294.50 15,095.50 1,228.10 1,267.60 1,085.80
  26,889.00 26,275.30 26,000.30 26,087.40 25,685.40
Current Assets          
Inventories 1,898.20 2,172.00 1,867.30 1,820.50 1,426.30
Cash at Bank & in Hand 418.00 585.50 569.40 1,505.20 1,677.80
Other Current Assets 2,264.70 2,418.90 2,653.10 2,428.80 2,017.20
  4,580.90 5,176.40 5,089.80 5,754.50 5,121.30
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 31,469.90 31,451.70 31,090.10 31,841.90 30,806.70
Current Liabilities          
Borrowings 1,625.90 1,740.80 2,485.60 2,825.10 2,610.50
Other Current Liabilities 5,407.20 5,794.90 5,534.30 5,440.70 4,881.00
           
Current Liabilities 7,033.10 7,535.70 8,019.90 8,265.80 7,491.50
           
Net Current Assets c(2,452.20) c(2,359.30) c(2,930.10) c(2,511.30) c(2,370.20)
           
Borrowings 11,304.20 9,965.10 9,134.80 9,786.90 10,929.00
Other Non-Current Liabilities 3,484.10 3,250.90 3,147.40 3,411.10 3,492.10
Non-Current Liabilities 14,788.30 13,216.00 12,282.20 13,198.00 14,421.10
           
Other Liabilities n/a n/a n/a 604.90 544.60
Total Liabilities 21,821.40 20,751.70 20,302.10 22,068.70 22,457.20
           
Net Assets 9,648.50 10,700.00 10,788.00 9,773.20 8,349.50
           
Shareholders Funds 9,396.70 10,449.60 10,542.40 9,470.40 8,058.50
           
Minority Interests/Other Equity 251.80 250.40 245.60 302.80 291.00
Total Equity 9,648.50 10,700.00 10,788.00 9,773.20 8,349.50
Cash Flow 26-May-24 28-May-23 29-May-22 30-May-21 31-May-20
Net Cash Flow From Operating Activities (1.54) 90.51 3,316.10 2,983.20 3,676.20
Net Cash Flow from Investing Activities (13.99) (24.50) (1,690.70) (512.80) (486.20)
Net Cash Flow from Financing Activities (5.70) (49.67) (2,561.20) (2,643.00) (1,962.20)
Net Increase/Decrease In Cash (21.24) 16.34 (935.80) (172.60) 1,227.80
Ratios - based on IFRS 26-May-24 28-May-23 29-May-22 30-May-21 31-May-20
Continuing Operations          
PE Ratio - Adjusted 15.7 19.3 15.8 16.5 17.6
PEG - Adjusted n/a n/a 1.0 2.7 0.8
Earnings per Share Growth - Adjusted -0% -1% 16% 6% 23%
Dividend Cover n/a n/a 2.17 1.89 1.83
Revenue per Share 745,950.38¢ 754,853.46¢ 713,478.62¢ 6,873.38¢ 662,156.26¢
Pre-Tax Profit per Share 113,760.33¢ 117,975.21¢ 124,767.09¢ 1,128.10¢ 101,100.68¢
Operating Margin 17.28% 17.09% 18.30% 17.35% 16.76%
Return on Capital Employed 357.11% 21.13% 322.46% 2.56% 309.34%
           
Dividend Yield 0.0% 0.0% 2.9% 3.2% 3.1%
Dividend per Share Growth n/a (100.00%) 0.99% 3.06% n/a
Operating Cash Flow per Share (58.04¢) 3,400.19¢ 124,571.75¢ 112,066.11¢ 138,099.17¢
Cash Incr/Decr per Share (797.75¢) 613.71¢ (35,154.02¢) (65.45¢) 46,123.22¢
Net Asset Value per Share (exc. Intangibles) (453,873.01¢) 118,572.50¢ (397,836.23¢) (429,744.55¢) (475,939.14¢)
Net Gearing 133.15% 106.42% 104.82% 117.28% 147.19%

Key

* GAAP

a. Includes discontinued activities

b. Including assets due in more than one year

c. Not disclosed under IFRS

d. Total fixed assets

e. Includes borrowings

f. Included in cash flow from operating activities under IFRS

g. Included in net cash from investing activities under IFRS

h. Pre-tax

i. Capital expenditure

j. Based on operating cash flow before tax

k. Issue of ordinary shares

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Forecast figures based on normalised accounts.

 

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