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General Mills (General Mills) Cyclically Adjusted Price-to-FCF : 15.81 (As of Apr. 27, 2024)


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What is General Mills Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), General Mills's current share price is $70.83. General Mills's Cyclically Adjusted FCF per Share for the quarter that ended in Feb. 2024 was $4.48. General Mills's Cyclically Adjusted Price-to-FCF for today is 15.81.

The historical rank and industry rank for General Mills's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

GIS' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 11.9   Med: 18.29   Max: 28.09
Current: 15.79

During the past years, General Mills's highest Cyclically Adjusted Price-to-FCF was 28.09. The lowest was 11.90. And the median was 18.29.

GIS's Cyclically Adjusted Price-to-FCF is ranked better than
65.28% of 697 companies
in the Consumer Packaged Goods industry
Industry Median: 23.47 vs GIS: 15.79

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

General Mills's adjusted free cash flow per share data for the three months ended in Feb. 2024 was $1.312. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $4.48 for the trailing ten years ended in Feb. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


General Mills Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for General Mills's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

General Mills Cyclically Adjusted Price-to-FCF Chart

General Mills Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.60 18.37 16.35 16.22 19.23

General Mills Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.19 19.23 15.36 14.23 14.31

Competitive Comparison of General Mills's Cyclically Adjusted Price-to-FCF

For the Packaged Foods subindustry, General Mills's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


General Mills's Cyclically Adjusted Price-to-FCF Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, General Mills's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where General Mills's Cyclically Adjusted Price-to-FCF falls into.



General Mills Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

General Mills's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=70.83/4.48
=15.81

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

General Mills's Cyclically Adjusted FCF per Share for the quarter that ended in Feb. 2024 is calculated as:

For example, General Mills's adjusted Free Cash Flow per Share data for the three months ended in Feb. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=1.312/129.4194*129.4194
=1.312

Current CPI (Feb. 2024) = 129.4194.

General Mills Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201405 0.901 100.373 1.162
201408 0.287 100.352 0.370
201411 0.590 99.635 0.766
201502 0.855 99.032 1.117
201505 1.237 100.333 1.596
201508 0.461 100.548 0.593
201511 0.945 100.135 1.221
201602 0.859 100.040 1.111
201605 1.064 101.355 1.359
201608 0.355 101.617 0.452
201611 0.906 101.829 1.151
201702 0.716 102.779 0.902
201705 0.929 103.256 1.164
201708 0.808 103.587 1.009
201711 1.435 104.072 1.784
201802 0.739 105.052 0.910
201805 0.811 106.148 0.989
201808 0.820 106.383 0.998
201811 1.072 106.338 1.305
201902 0.855 106.649 1.038
201905 1.000 108.048 1.198
201908 0.821 108.245 0.982
201911 1.300 108.519 1.550
202002 0.967 109.139 1.147
202005 2.148 108.175 2.570
202008 0.753 109.662 0.889
202011 1.185 109.793 1.397
202102 1.067 110.968 1.244
202105 0.957 113.576 1.090
202108 0.432 115.421 0.484
202111 1.644 117.269 1.814
202202 0.986 119.703 1.066
202205 1.426 123.323 1.496
202208 0.492 124.958 0.510
202211 1.123 125.607 1.157
202302 1.171 126.928 1.194
202305 0.692 128.314 0.698
202308 0.400 129.538 0.400
202311 1.655 129.548 1.653
202402 1.312 129.419 1.312

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


General Mills  (NYSE:GIS) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


General Mills Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of General Mills's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


General Mills (General Mills) Business Description

Address
Number One General Mills Boulevard, Minneapolis, MN, USA, 55426
General Mills is a global packaged food company that produces snacks, cereal, convenient meals, yogurt, dough, baking mixes and ingredients, pet food, and superpremium ice cream. Its largest brands are Nature Valley, Cheerios, Old El Paso, Yoplait, Pillsbury, Betty Crocker, Blue Buffalo, and Haagen-Dazs. In fiscal 2023, 81% of its revenue was derived from the United States, although the company also operates in Canada, Europe, Australia, Asia, and Latin America. While most of General Mills' products are sold through retail stores to consumers, the company also sells products to the foodservice channel and the commercial baking industry.
Executives
Werner Lanette Shaffer officer: Chief Innovation Officer ONE GENERAL MILLS BLVD., MINNEAPOLIS MN 55426
David Cordani director THE CIGNA GROUP, 900 COTTAGE GROVE ROAD, BLOOMFIELD CT 06002
Mark A Pallot officer: Chief Accounting Officer NUMBER ONE GENERAL MILLS BLVD, MINNEAPOLIS MN 55426
Jodi J Benson officer: Chief Innovation Officer GENERAL MILLS, INC., ONE GENERAL MILLS BLVD, MINNEAPOLIS MN 55426
Jacqueline Williams-roll officer: Senior Vice President GENERAL MILLS, INC., ONE GENERAL MILLS BLVD, MINNEAPOLIS MN 55426
Bethany C. Quam officer: Group President GENERAL MILLS, INC., ONE GENERAL MILLS BLVD., MINNEAPOLIS MN 55426
Jonathon Nudi officer: Senior Vice President GENERAL MILLS, INC., ONE GENERAL MILLS BLVD, MINNEAPOLIS MN 55426
Sean N Walker officer: Group President NUMBER ONE GENERAL MILLS BLVD, MINNEAPOLIS MN 55426
Shawn P Ogrady officer: SVP, Pres, Consumer Food Sales ONE GENERAL MILLS BLVD, MINNEAPOLIS MN 55426
Jeffrey L Harmening officer: Executive Vice President ONE GENERAL MILLS BLVD, MINNEAPOLIS MN 55426
Dana M Mcnabb officer: Group President NUMBER ONE GENERAL MILLS BLVD, MINNEAPOLIS MN 55426
C Kim Goodwin director C/O AKAMAI TECHNOLOGIES, INC., 8 CAMBRIDGE CENTER, CAMBRIDGE MA 02142
Karen Wilson Thissen officer: General Counsel & Secretary 1098 AMERIPRISE FINANCIAL CENTER, MINNEAPOLIS MN 55474
John R Church officer: SVP, Supply Chain ONE GENERAL MILLS BLVD, MINNEAPOLIS MN 55426
Richard C Allendorf officer: Senior Vice President GENERAL MILLS, INC., ONE GENERAL MILLS BLVD., MINNEAPOLIS MN 55426