General Mills Inc. (GIS)

Sector:

Food Products

Index:

S&P 500

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$ 48.98
   
  • Change Today:
    $0.13
  • 52 Week High: $50.93
  • 52 Week Low: $37.55
  • Currency: US Dollars
  • Shares Issued: 644.66m
  • Volume: 2,726,142
  • Market Cap: $31,575m
  • RiskGrade: 80
  • Beta: 0.53

Fundamentals - based on IFRS

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Income Statement 27-May-12 29-May-11 30-May-10 31-May-09 25-May-08
Continuing Operations          
Revenue 16,657.90 14,880.20 14,635.60 14,691.30 13,652.10
Operating Profit/(Loss) 2,562.40 2,774.50 2,606.10 2,325.00 2,229.20
Profit Before Tax 2,298.70 2,524.60 2,306.20 2,662.60 2,451.71
Profit After Tax 1,589.10 1,803.50 1,535.00 1,313.70 1,318.10
           
Earnings per Share - Basic 242.00¢ 280.00¢ 116.00¢ 98.00¢ 96.50¢
Earnings per Share - Adjusted 242.00¢ 280.00¢ 116.00¢ 98.00¢ 96.50¢
           
Dividend per Share 122.00¢ 112.00¢ 48.00¢ 43.00¢ 39.00¢
  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Balance Sheet 27-May-12 29-May-11 30-May-10 31-May-09 25-May-08
Assets          
Non-Current Assets          
Property, Plant & Equipment 3,652.70 3,345.90 3,127.70 3,034.90 3,108.10
Intangible Assets 12,887.40 10,564.10 10,307.80 10,410.00 10,563.30
Other Non-Current Assets 865.30 862.50 763.40 895.00 1,750.20
  17,405.40 14,772.50 14,198.90 14,339.90 15,421.60
Current Assets          
Inventories 1,478.80 1,609.30 1,344.00 1,346.80 1,366.80
Cash at Bank & in Hand 471.20 619.60 673.20 749.80 661.00
Other Current Assets 1,741.40 1,673.10 1,462.80 1,438.30 1,592.20
  3,691.40 3,902.00 3,480.00 3,534.90 3,620.00
           
Other Assets n/a n/a n/a n/a n/a
Total Assets 21,096.80 18,674.50 17,678.90 17,874.80 19,041.60
Current Liabilities          
Borrowings 1,267.70 1,342.60 1,157.40 1,320.70 2,650.80
Other Current Liabilities 2,575.50 2,316.60 2,611.70 2,285.30 2,205.50
           
Current Liabilities 3,843.20 3,659.20 3,769.10 3,606.00 4,856.30
           
Net Current Assets c(151.80) c242.80 c(289.10) c(71.10) c(1,236.30)
           
Borrowings 6,161.90 5,542.50 5,268.50 5,754.80 4,348.70
Other Non-Current Liabilities 3,361.20 2,860.60 2,993.30 3,097.50 3,378.50
Non-Current Liabilities 9,523.10 8,403.10 8,261.80 8,852.30 7,727.20
           
Other Liabilities n/a n/a n/a n/a n/a
Total Liabilities 13,366.30 12,062.30 12,030.90 12,458.30 12,583.50
           
Net Assets 7,730.50 6,612.20 5,648.00 5,416.50 6,458.10
           
Shareholders Funds 6,421.70 6,365.50 5,402.90 5,172.30 6,215.80
           
Minority Interests/Other Equity 1,308.80 246.70 245.10 244.20 242.30
Total Equity 7,730.50 6,612.20 5,648.00 5,416.50 6,458.10
Cash Flow 27-May-12 29-May-11 30-May-10 31-May-09 25-May-08
Net Cash Flow From Operating Activities 2,402.00 1,526.80 2,181.20 1,828.20 1,729.90
Net Cash Flow from Investing Activities (1,870.80) (715.10) (721.20) (288.90) (442.40)
Net Cash Flow from Financing Activities (679.60) (865.30) (1,536.60) (1,450.50) (1,043.60)
Net Increase/Decrease In Cash (148.40) (53.60) (76.60) 88.80 243.90
Ratios - based on IFRS 27-May-12 29-May-11 30-May-10 31-May-09 25-May-08
Continuing Operations          
PE Ratio - Adjusted 16.1 14.0 30.7 26.1 31.7
PEG - Adjusted n/a 0.1 1.7 13.1 1.9
Earnings per Share Growth - Adjusted -14% 141% 18% 2% 17%
Dividend Cover 1.98 2.50 2.42 2.28 2.47
Revenue per Share 2,583.99¢ 2,308.23¢ 2,270.29¢ 2,278.93¢ 2,117.73¢
Pre-Tax Profit per Share 356.58¢ 391.62¢ 357.74¢ 413.02¢ 380.31¢
Operating Margin 15.38% 18.65% 17.81% 15.83% 16.33%
Return on Capital Employed 101.14% 86.07% 130.58% 127.89% 84.71%
           
Dividend Yield 3.1% 2.9% 1.3% 1.7% 1.3%
Dividend per Share Growth 8.93% 133.33% 11.63% 10.26% 8.33%
Operating Cash Flow per Share 372.60¢ 236.84¢ 338.35¢ 283.59¢ 268.34¢
Cash Incr/Decr per Share (23.02¢) (8.31¢) (11.88¢) 13.78¢ 37.83¢
Net Asset Value per Share (exc. Intangibles) (799.94¢) (613.02¢) (722.83¢) (774.60¢) (636.80¢)
Net Gearing 108.36% 98.43% 106.47% 122.30% 101.97%

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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