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General Mills (XTER:GRM) Cyclically Adjusted Price-to-FCF : 15.21 (As of May. 24, 2024)


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

As of today (2024-05-24), General Mills's current share price is €64.03. General Mills's Cyclically Adjusted FCF per Share for the quarter that ended in Feb. 2024 was €4.21. General Mills's Cyclically Adjusted Price-to-FCF for today is 15.21.

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

XTER:GRM' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 11.9   Med: 18.22   Max: 28.09
Current: 15.23

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 18.22.

XTER:GRM's Cyclically Adjusted Price-to-FCF is ranked better than
67.81% of 702 companies
in the Consumer Packaged Goods industry
Industry Median: 23.58 vs XTER:GRM: 15.23

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 €1.216. 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 €4.21 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 14.15

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
=64.03/4.21
=15.21

* 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)
=1.216/130.9299*130.9299
=1.216

Current CPI (Feb. 2024) = 130.9299.

General Mills Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201405 0.656 100.373 0.856
201408 0.216 100.352 0.282
201411 0.473 99.635 0.622
201502 0.753 99.032 0.996
201505 1.107 100.333 1.445
201508 0.414 100.548 0.539
201511 0.881 100.135 1.152
201602 0.774 100.040 1.013
201605 0.940 101.355 1.214
201608 0.317 101.617 0.408
201611 0.840 101.829 1.080
201702 0.672 102.779 0.856
201705 0.841 103.256 1.066
201708 0.684 103.587 0.865
201711 1.222 104.072 1.537
201802 0.599 105.052 0.747
201805 0.686 106.148 0.846
201808 0.710 106.383 0.874
201811 0.943 106.338 1.161
201902 0.753 106.649 0.924
201905 0.894 108.048 1.083
201908 0.738 108.245 0.893
201911 1.176 108.519 1.419
202002 0.886 109.139 1.063
202005 1.970 108.175 2.384
202008 0.636 109.662 0.759
202011 1.002 109.793 1.195
202102 0.882 110.968 1.041
202105 0.787 113.576 0.907
202108 0.367 115.421 0.416
202111 1.440 117.269 1.608
202202 0.869 119.703 0.951
202205 1.349 123.323 1.432
202208 0.485 124.958 0.508
202211 1.102 125.607 1.149
202302 1.094 126.928 1.128
202305 0.636 128.314 0.649
202308 0.367 129.538 0.371
202311 1.529 129.548 1.545
202402 1.216 130.930 1.216

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  (XTER:GRM) 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 (XTER:GRM) 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.

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